Browsing: Economy

The deficit is now expected to be in excess of five percent of gross domestic product (GDP), Thomas Cazenave, minister for public accounts, told broadcaster Franceinfo

Sterling fell on Thursday after the Bank of England kept interest rates unchanged and Governor Andrew Bailey said Britain’s economy is “moving in the right direction” for the central bank to start cutting interest rates.

In a preliminary report, the Finance Ministry said that Kuwait stayed in black ink with Japan for 16 years and one month

The meeting provided a valuable platform to explore ways to enhance the private sector’s contribution to efforts to improve Dubai’s dynamic business environment

Ministry of Finance launched a digital public consultation to gather the views of relevant stakeholders on the implementation

But BoE governor Andrew Bailey signalled a rate-reduction later this year as inflationary pressures ease further

RIYADH: The UAE’s industrial exports surged by 60 percent over the past three years, amounting to a projected 187 billion dirhams ($50.9 billion), according to a minister.

RIYADH: Saudi Arabia’s King Abdulaziz Port has strengthened connections to India’s nautical hubs thanks to increased cooperation between two Gulf maritime bodies.

RIYADH: Salt ore exploration efforts in the Eastern Province’s Ras Al-Qaryah complex will benefit from an initiative by the Saudi Ministry of Industry and Mineral Resources. 

RIYADH: Qatar’s long-term foreign currency issuer default rating has been upgraded to ‘AA’ with a stable outlook by Fitch Ratings, driven by the country strengthening its external balance sheet.