Global inflation is expected to fall to 3.8% this year and to 3.4% in 2027, helped by softer demand and lower energy prices, the IMF chief said on Monday. Managing Director Kristalina Georgieva said in a speech in the Annual Arab Fiscal Forum in Dubai that global growth has held up ‘remarkably well’ amid profound […]
Read MoreThe European Bank for Reconstruction and Development has sharply expanded its footprint in Central Asia and Mongolia, committing nearly $2 billion in investment in 2025. In an article posted by Anton Usov, the scale of the funding is presented as a clear signal of the EBRD’s growing confidence in the region’s economic potential, as well […]
Read MoreISLAMABAD: Pakistan and Saudi Arabia have agreed to enhance cooperation in energy and mineral sectors, the Pakistani information ministry said on Friday, as the two sides seek to deepen economic ties and promote joint investment. The development comes weeks after Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Arabia’s Minister of Industry and Mineral Resources […]
Read MoreRIYADH: The Saudi Development and Reconstruction Program for Yemen has signed a memorandum of understanding with UNESCO to “strengthen the preservation of Yemeni cultural heritage” and identify historical sites eligible for the UNESCO World Heritage List, the Saudi Press Agency reported on Saturday. Building on a partnership that has already led to the restoration of […]
Read MoreSANAA: Yemen’s Houthi militants have confiscated telecommunications equipment and vehicles from unstaffed United Nations offices in Sanaa, the world body said in a statement Friday, decrying potential disruptions to its humanitarian work. The Houthis have repeatedly targeted UN agencies and detained dozens of its staff as part of a crackdown on alleged Israeli espionage rings […]
Read MoreSHANGHAI: British Prime Minister Keir Starmer wrapped up a four-day trip to China on Saturday, after his bid to forge closer ties prompted warnings from US President Donald Trump. Starmer’s visit was the first to China by a British prime minister in eight years, following in the footsteps of other Western leaders looking to counter […]
Read MoreMANILA: Over ten years ago, when Fatima Macud brought home roughly 30,000 pesos ($509) a month, the money was enough to cover her expenses and still leave room for savings. Though she now earns 45,000 pesos, Macud finds herself unable to save any money as she struggles with rising prices to cover daily spending. “Yes, […]
Read MoreTOKYO: Britain and Japan agreed to strengthen defense and economic ties, visiting Prime Minister Keir Starmer said on Saturday, after his bid to forge closer links with China drew warnings from US President Donald Trump. Starmer noted that Japan and Britain were the leading economies in a trans-Pacific that includes fellow G7 member Canada, as […]
Read MoreANKARA: Turkish authorities have blocked a convoy carrying aid to Kobani, a predominantly Kurdish town in northern Syria encircled by the Syrian army, NGOs and a Turkish MP said on Saturday. They said the aid was blocked before it reached the Turkiye-Syria border, despite an agreement announced on Friday between the Syrian government and the […]
Read MoreBy Park Chan-kyong North Korea is set to use its coming Workers’ Party congress to signal an escalation towards carrying out large-scale nuclear retaliation in the event of a conflict with the US, with analysts expecting Pyongyang to unveil plans centred on intercontinental ballistic missiles (ICBMs) capable of striking American cities. The move was foreshadowed […]
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