Fed slashes rates by 50 basis points as inflation cools
The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and...
Tag : economic growth
Saudi Arabia’s non-oil economy grows 4.9% in second quarter of 2024
Saudi Arabia’s non-oil economy grew 4.9% in Q2 2024, powered by financial and insurance gains, supporting the Kingdom’s Vision 2030 focus on reducing oil dependence....
PM Modi lays foundation stone for India’s largest deep-water port
India has unveiled its largest deep-water port, Vadhvan, in Maharashtra today, marking a major boost in the nation’s maritime capabilities and global trade profile....
Saudi Arabia’s FDI stock surges to $215 billion in 2023
Saudi Arabia's strategic reforms lead to a $215 billion FDI, positioning it as a top global investment destination....
UAE economy shows robust growth in non-oil sectors
The UAE sees continued economic growth in non-oil sectors like real estate, tourism, and manufacturing, according to OPEC's latest report....
Modi’s win reflects India’s confidence in his leadership and vision
Prime Minister Modi's historic third term win promises decisive governance, setting the stage for India's future growth and development....
IMF predicts 50% China housing demand drop in decade
IMF anticipates a 50% drop in China's housing demand over the next decade, which could impact the country's economic growth significantly....
ADNOC’s UAE sustainable energy and local manufacturing drive
President Sheikh Mohamed bin Zayed chairs ADNOC board meeting, emphasizing sustainability and global energy transition....
Moody’s warns of China’s economic slowdown
Moody's warns of Asia's 2024 sovereign credit risks as China's economic growth slows amidst geopolitical concerns....
Germany’s recessionary trends and the euro area’s future
In 2023, Germany's economy saw a 0.3% decline, its first since the Covid-19 outbreak, amid various national challenges, per Destatis data....