The UK’s national debt has reached its highest level since 1962, according to new official figures Friday.
The total stock of government debt was worth 99.5% of the value of the economy in June, exceeding the highs reached during the coronavirus pand…
Saudi Minister of Economy and Planning Faisal bin Fadel Al Ibrahim discussed on Friday with the Director General of the International Monetary Fund (IMF) Kristalina Georgieva, the prospects for global and regional growth in light of the latest economi…
DUBAI: An Emirates spokesperson confirmed that there has been no impact on Emirates’ flight operations.
In a statement on Friday, the spokesperson said, ‘We are aware of the global IT disruption and are monitoring the situation closely. At this time,…
Gold prices declined but maintained the record high hit in the previous session, as expectations of a interest rate cut from the US Federal Reserve continued to gather momentum.
Spot gold fell 0.8% to $2424.34 per ounce, but recorded a 0.7 percent in…
DUBAI: A spokesperson from Dubai Airports affirmed that that Dubai International (DXB) Airport is operating normally following a global system outage that affected the check-in process for some airlines in Terminals 1 and 2 this morning.
He explained…
Turkish Minister of Energy and Natural Resources Alparslan Bayraktar, announced Thursday his countrys intention to explore for oil and gas in 3 areas off the Somali coast.
This came in a press conference after he attended the signing ceremony of an a…
Kuwaiti local banks have business sustainability plans for crisis response and recovery to curtail adverse impacts on digital infrastructure and banking services, reassured Kuwait Banking Association (KBA) on Friday.
In a press release, the KBA said …
Kuwait’s Finance Minister and Minister of State for Economic Affairs and Investment, Dr. Anwar Al-Mudhaf, discussed on Friday enhancing cooperation in the electricity and renewable energy with commissioner-general of China’s representative office in t…
GENEVA: New World Economic Forum research, released today, highlights the close relationship between lack of access to green financing and technologies and the equitable transition to a greener economy. The report makes an urgent call for an instituti…
ABU DHABI: Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Caroline Abel, Governor of the Central Bank of Seychelles (CBS), signed today in Abu Dhabi two Memorandums of Understanding (MoU) regarding enhancing the use of loc…
MANILA: The Asian Development Bank (ADB) has slightly raised its economic growth forecast for developing Asia and the Pacific this year to 5.0% from a previous projection of 4.9%, as rising regional exports complement resilient domestic demand. The gr…
Doha: Experts in the fields of economics and information technology estimated that the economic impact of the recent internet disruption on the global economy could be worth millions, if not billions, of US dollars. They noted that it is currently dif…
