IMF suspends Afghanistan’s access to SDRs over lack of clarity recognising a new government
The announcement comes amid mounting pressure from the US treasury that holds a controlling share in the funds...
Category : Economy
Hong Kong’s GDP to grow by 6.5% in 2021
The economy grew 7.8% in the first six months of the year...
Oil, private sectors to boost GCC economic recovery in 2022
Regional countries will grow at the rate of 1.7% this year and 4.2% in 2022...
Vietnam’s goal of 6.5% GDP in trouble as Covid-19 cases increase
As of Sunday, there were 208,060 active cases in the country...
GCC economies to grow by 2.2% this year: World Bank
In 2020, the GCC countries saw a GDP contraction of 4.8% due to Covid-19 pandemic and lower oil prices...
IMF announces largest SDR in history of $650 bn
IMF announced a massive funding of $650 mn to help member countries fight Covid-19...
Saudi Arabia ranks first in the MSCI Emerging Market Index
Out of the 25 countries, Turkey turned out to be the worst performer in the emerging market...
World economy loses $15 tn due to Covid-19: IMF
IMF stated that it could take years to recover from the Covid-19 crisis if reforms are not implemented...
UK to warn EU it may deviate from Brexit deal over Northern Ireland
David Frost may announce a significant change in protocol that may affect the already strained relationship between the EU and the UK...
UAE-Bahrain trade leaps 75% to reach $672 mn in Q2 2021
The trade between the GCC and Bahrain reached a total value of $1.69 bn in Q2 2021...