World Economy

Dubai’s non-oil foreign trade grew 2.7% to reach Dh327 billion ($87 billion) in the first quarter of 2017 compared to Dh318 billion in the same quarter of 2016, according to data published by…

The eurozone economy still needs a long period of easy monetary policy and a shift in message that induced a market selloff last week was merely a nuanced change to reflect better growth, said…

German industries will prioritize European unity over trade with Britain post-Brexit, business leaders told the Observer newspaper in interviews published Sunday.

The Comprehensive Economic and Trade Agreement on free trade between the European Union and Canada will be applied provisionally from September 21, the two sides announced in a joint statement on…

Vik Singh’s company has powerful artificial intelligence software that helps firms hunt down the best sales leads. Getting somebody to use it—well, that’s a story that says a lot about the US…

The ruling African National Congress voiced concern over a decision by international rating agency Moody’s to downgrade South Africa’s credit rating, Xinhua reported. The ANC called on government…

Japan’s central bank will cut its inflation forecasts but hold off expanding stimulus this month, people familiar with the matter say, in another sign the bank is retreating from Governor Haruhiko…

Slowing economic growth in Saudi Arabia is expected to challenge the pace of fiscal reforms as the real GDP of the country contracted in the first quarter of the year led by the oil sector,…

The French government’s renewed commitment to bring its budget deficit in line with an EU limit is good not only for France but for upcoming eurozone discussions on budgets, ECB Executive Board…

India has emerged as the economic pole of global growth by surpassing China and is expected to maintain its lead over the coming decade, says a new study by Harvard University.

Efforts will be made to complete the quota reforms at the International Monetary Fund by 2019, the G20 nations said late Saturday as they emphasized the need for representative global economic and…

Mauricio Macri promised a free-market revolution in Latin America’s third-biggest economy when he took over as president of Argentina. A year and half on, Macri is facing midterm elections in…

The International Monetary Fund raised its growth forecast for Germany, citing soaring domestic demand and rebounding exports, and it repeated its call for Berlin to increase investment and reduce…

Oman’s gross domestic product is expected to grow by 2.5% in 2018, up from 1.5% in 2016, the Euler Hermes Credit Agency said in a report published on its website, ONA reported. The agency also…

China’s foreign exchange reserves edged up in June for a fifth consecutive month, in line with market expectations, as capital outflows eased in the face of tighter regulations and the dollar’s…

The G20 nations are set to conclude their Hamburg summit with a unanimous declaration in a face-saving show of unity achieved despite the deep divisions on trade and climate change created by US…

The Colombian economy has been struggling to tackle the political instability that has resulted from the insurgence of the Revolutionary Armed Forces of Colombia and similar groups for more than a…

The State Bank of Vietnam, the central bank, said it would cut several interest rates to support economic growth and control inflation, Reuters reported.

Ireland is one of the most open economies in the world particularly for attracting investment from foreign companies, according to a global business representative body. The International Chamber…

Indonesian state firms are courting foreign pension funds by offering a share in future revenue from toll roads, power stations and other infrastructure projects, as part of a presidential drive…

The eurozone approved the latest €8.5 billion ($9.7 billion) bailout disbursement to Greece, just in time for Athens to meet major debt repayments and avert default.

While 55 mergers and acquisitions were realized in Turkey in the first half of this year, the total volume of the announced transactions reached $4.5 billion, with foreigners taking up to roughly…

Revenue growth at American companies is almost non-existent as consumers put the brakes on spending (since they don't have any extra money to spend). So, corporate America is resorting to cutting…

As it returns to financial normality nearly a decade after a devastating banking crisis, Iceland’s “robust economic growth” has prompted ratings agency Fitch to upgrade the Nordic country’s…

Inflation in Mexico rose in June to its highest level in more than eight years, to an annual rate of 6.3%, the National Statistics Institute reported, AFP said. Consumer prices have risen sharply…