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Author: Steven Sahiounie
NEW YORK – The dollar fell to a three-week low against the yen on Friday after data showed U.S. jobs growth slowed more than expected in April and annual wage gains cooled, boosting bets that the Federal Reserve will cut rates twice this year.
Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction from last month’s stellar rally as investors booked profits while geopolitical risks eased.
Nigeria has grappled with anemic growth, dollar shortages, a mounting debt burden and widespread insecurity
The OECD unemployment rate stood at 4.9% in February, close to its lowest levels since 2001 The global economy continues to grow at a modest pace, with a steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025, according to the OECD’s latest Economic Outlook. The impact of tight monetary conditions continues being felt, particularly in housing and credit markets, but global activity is proving relatively resilient, the decline in inflation continues, and private sector confidence is improving. The OECD unemployment rate stood at 4.9% in…
About 400 people have lost their lives in East Africa and tens of thousands have been uprooted from their homes in recent weeks as torrential rains triggered flooding and landslides engulfed houses, roads and bridges
The inter-trade grew by 35% from $576mln in 2022 to approximately $824mln in 2023
Both officials reviewed areas of bilateral cooperation between Oman and the EU, notably in maritime security and cooperation in technical, economic and cultural fields
Doha, Qatar: The Planning and Statistics Authority (PSA) have released the preliminary estimates of gross domestic product (GDP) at current and constant prices (2018=100) for the third quarter (Q3) of 2023. The estimates have been produced with data collected through the Quarterly Economic Indicator Survey and from other source agencies.
RIYADH: Financial robo-advisory firm Abyan Capital has secured $18 million in funding in further evidence of the growing confidence in the Kingdom’s artificial intelligence sector.
RIYADH: Saudi banks are expected to pursue alternative funding strategies to deal with the rapid expansion in lending, fueled by the demand for new mortgages, according to S&P Global.
