OPEC further trims global oil demand outlook for 2024 & 2025
OPEC maintained its prediction from September 2024 that the global economy would expand by 2.9% in 2025 and 3.3% in 2024, respectively...
Tag : economy
China posts slowest GDP growth in over a year as property woes drag
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages...
Wider war in Middle East would impact global economy: World Bank chief Ajay Banga
According to Ajay Banga, the destruction caused by Israel's bombing of southern Lebanon will contribute to the USD 14–20 billion in war damage that has already likely resulted from Israeli strikes on Gaza...
Oman’s public revenues see annual rise of 2.3% as oil earnings increase
In August 2024, Oman's public revenue in the second quarter decreased by 2% year over year to USD 16.1 billion...
Microsoft, partners to generate USD 74 billion for UAE economy, says IDC analysis
Microsoft’s dedication to fostering local business growth and advancing the UAE’s aspirations to become a global technology hub was also underscored by the study...
250% hike in electricity tariff killing manufacturing in Nigeria, says industry body
The new electricity tariff's unviability poses a serious threat to the industry, with over 2,500 members fearing for the future of their companies...
Saudi Arabia & Oman to enhance trade partnership
Trade between Oman and Saudi Arabia was worth SR 22.5 billion, while Saudi exports to Oman totalled SR 36.8 billion...
Australia’s treasurer says China stimulus could boost growth down under
The Australian economy experienced a strong recovery following the COVID-19 pandemic...
UAE mandates private firms to reserve board seats for women
by WebAdmin
The UAE government portal states that women are disproportionately represented in the labour market, in specialised professions, and in emerging fields...
Ghana’s economy surges 6.9% in Q2 2024, fastest in five years
by WebAdmin
The mining and quarrying industry drove the 9.3% growth in Ghana's overall industry sector, while the 23.6% growth in the gold sector during the quarter marked the third consecutive period of expansion...