Africa’s free trade agreement to boost trade among its nations by 60%
The deal will join the markets of 50 countries, unite the continent’s 1.27 bn people and add to its $3.4 tn nominal GDP...
Category : Economy
New Brazil pension bill a shot in the arm for financial reform
The bill is Bolsonaro’s prime agenda as it will save around $263 bn of public money over the next decade...
Saudi Arabia expands $28 bn fund to support key economic sectors
Although the fund’s special focus is on businesses in the Kingdom, there is some ‘flexibility’ to finance foreign companies...
BlackRock expects a slow Chinese economy, downgrades global outlook
The asset manager now sees trade and geopolitical frictions as the principal driver of the global economy...
Mexico’s exports to US surge as trade deficit widens to record $9.6 bn
Many attribute the surge in Mexican exports to the US to the US-Mexico-Canada Agreement which replaces NAFTA...
Singapore to be hit hardest by trade war; ICAEW predicts slow GDP growth
Singapore’s GDP growth fell from 3.1 percent last year to 1.9 percent in 2019...
Shenzhen economy weighed by trade war; loses investor interest
Despite steep demand, developers are facing issues related to overcapacity with the vacancy rate nearing a 10 year high...
Morocco’s high-tech city to attract $10 bn investments; create 100,000 jobs
The high-tech city project called Tanger Tech Mohammed VI is expected to cover 7.7 square miles...
DFSA and Smart Dubai in MoU to start smart transformation
The MoU signed by Waleed Saeed Al Awadhi and Wesam Lootah was UAE’s first digitally signed MoU...
UAE, South Africa sign MoU to strengthen bilateral trade and investment
The UAE commits to inject billions of dollars into the South African economy at South Africa- UAE joint forum...