#economy
114 articles with this tag
EconomyMoody's Boosts Egypt's Credit Rating to B3 Amid Economic Reforms and Stabilization
Moody's has upgraded Egypt's credit rating to B3, citing economic stabilization, fiscal consolidation, and structural reforms that have reduced public debt and strengthened foreign currency reserves.
PoliticsIran Leverages War Costs to Influence US Midterm Elections
Iran is using messaging to highlight the economic costs of the war, aiming to influence the American public ahead of the U.S. midterm elections. Officials are emphasizing the impact on oil prices and the U.S. economy, while targeting U.S. officials with messages about rising costs.
PoliticsVoters Demand Sweeping Change Ahead of Midterms, Poll Shows Growing Frustration with Trump
A new poll reveals that 80 percent of American voters desire significant change in the country's direction ahead of the midterm elections, with widespread frustration directed at President Donald Trump's policies, particularly concerning the economy.
EconomyUAE Economy Minister: Hormuz Strait Vital, But Nation Boasts Multiple Trade Gateways
UAE Minister of Economy and Tourism Abdulla bin Touq emphasized that while the Strait of Hormuz remains crucial, the UAE has diversified its trade routes with multiple gateways, including east-coast ports and robust logistics corridors. He also highlighted signs of tourism recovery and outlined economic strategies focused on growth and innovation.
PoliticsGOP's Midterm Meltdown: 'Trust the Process' as Closing Argument Fails to Convince
Republican strategists are struggling to find a compelling closing argument for the upcoming midterm elections, with their core promises backfiring and their 'trust the process' slogan appearing to be an admission of a lack of answers.
EconomyAI Boom Fuels China's Exports to Record Highs, Boosting Economy Amid Growth Concerns
China's exports surged by over 36% in September, driven by AI-fueled demand for high-tech goods, reaching $447.18 billion and marking the largest monthly rise since 2021. This export boom provides a crucial boost to the Chinese economy amidst concerns about slowing overall growth and unbalanced domestic demand.
EconomySingapore's Economy Surges Over 5% Fueled by AI Boom, Outpacing Global Peers
Singapore's economy has experienced a significant growth of over 5 percent, driven by a boom in artificial intelligence and the semiconductor industry. Despite strong performance, the central bank anticipates a moderation in AI-driven growth and maintains its monetary policy settings.
EconomyIMF Forecasts Economic Contraction for Middle East and Central Asia in 2026 Amid War Fallout
The IMF forecasts the Middle East and Central Asia's economy to contract by 0.3% in 2026, a significant downgrade from previous projections, due to war fallout and shipping disruptions. Several countries, including Kuwait and Qatar, are expected to face severe economic contractions.
EconomyIran War's Ripple Effect: Qatar's Revenue Plummets 42% Amidst LNG Export Crisis
Qatar's government revenue has fallen by 42% in the first half of the year due to the Iran war's impact on LNG exports, leading to significant economic challenges and projected contractions.
EconomyUS Academics Robert Hall and Michael Woodford Win 2026 Nobel Economics Prize for Pioneering Stabilization Models
US academics Robert Hall and Michael Woodford have been awarded the 2026 Nobel Prize in Economic Sciences for developing macroeconomic models that help stabilize economic fluctuations.
EconomyMiddle East War and Soaring Debt Loom Over IMF and World Bank Meetings in Bangkok
Global finance officials are convening in Bangkok for the IMF and World Bank meetings under the pressures of the Middle East conflict, rising public debt, and global economic challenges.
EconomyNatixis CIB Targets Double-Digit Expansion in Middle East and Asia Amid Regional Uncertainty
French lender Natixis CIB projects double-digit growth in its Middle East and Asia operations this year and next, continuing its expansion despite regional economic challenges and the Iran war.
EconomySoaring Living Costs and Economic Crisis Grips Yemen Across Divided Regions
Years of conflict and a divided banking system have plunged Yemenis in Aden, Marib, and Sanaa into a severe economic crisis, leaving millions struggling with soaring living costs and unpaid salaries.
EconomyMillions of Pakistanis Receive Government Fuel Subsidies, but Gaps Remain
Pakistan has rolled out a fuel relief scheme to help lower-income citizens cope with surging petrol prices, though critics note that public transport users and certain vehicle owners are excluded.
EconomyWorld Bank Cuts 2026 Middle East Economic Forecast by 2.1% Due to Ongoing Iran War
The World Bank has downgraded its 2026 economic forecast for the Middle East, projecting a 2.1 per cent GDP contraction driven by energy supply constraints from the ongoing Iran war.
EconomyUAE and Saudi Arabia Non-Oil Sectors Power Through Regional Conflict with Robust Growth
The non-oil private sectors in the UAE and Saudi Arabia continued their strong expansion in September, successfully overcoming the economic impacts of the regional conflict.
PoliticsTrump Launches High-Stakes Midterm Campaign Tour Amid Sliding Poll Numbers
US President Donald Trump has launched a 32-day midterm campaign tour across the United States to rally support for Republican candidates amid historically low approval ratings.
EconomyIMF to Review Potential Amendments to Lebanon's Bank Resolution Law
The International Monetary Fund will review any potential changes to Lebanon's bank resolution law to ensure compliance with international standards after the legislation was referred to the Constitutional Council.
EconomyUnicef Warns That One in Five Lebanese Households Face Hunger Amid Deepening Crisis
Unicef reports that children in one in five Lebanese households are going to bed hungry as conflict worsens an already severe economic crisis, leaving thousands out of school and facing psychological distress.
EconomyUS Consumer Confidence Drops to Lowest Level Since 2014 Amid Rising Prices Ahead of Midterm Elections
US consumer confidence has fallen to its lowest level since 2014 as rising prices for goods and services weigh on sentiment ahead of the congressional midterm elections.
EconomyCatastrophic Floods Devastate Nepal's Peak Tourism Season, Leaving Local Businesses Struggling
Catastrophic floods in Nepal have severely impacted the country's crucial tourism sector, leading to widespread cancellations and leaving local business owners struggling as the peak season begins.
EconomyIraq's Economy Strained as Regional War Cuts Oil Revenues and Drives Up Prices
The ongoing US-Israeli war on Iran has severely disrupted Iraq's oil exports and supply chains, causing a multi-billion dollar revenue loss and placing immense pressure on the Iraqi dinar and local economy.
EconomyIraqi Prime Minister Ali Al Zaidi Appeals to UN for Global Investment and Economic Reform
Prime Minister Ali Al Zaidi addressed the UN General Assembly to pitch his economic plans, anti-corruption campaign, and vision for regional cooperation, calling on the global community to invest in Iraq.
EconomyAbu Dhabi Extends Office-Free Period for Entrepreneurs to Lower Business Costs
Abu Dhabi has extended its Tajer licensing programme to allow entrepreneurs to operate without an office for an extra year, cutting startup costs and boosting the non-oil economy.