News
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06.03.2024
China Set to Reveal GDP Goal, Avoids “Bazooka” Stimulus at Annual Political Meeting
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29.02.2024
UAE's Haifin Sets Sights for AI-Powered Trade Finance Fraud Detection
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27.02.2024
Global Instability Threatens World Economy, WTO Chief Warns
The head of the World Trade Organization (WTO) Ngozi Okonjo-Iweala warned of a difficult road ahead for the global economy at the WTO's meeting in Abu Dhabi on Monday. She cautioned that war, uncertainty, and instability are weighing down economic grow...
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23.02.2024
Emerging economies struggle to service debts as growth stalls and rates rise
The World Bank has issued a stark warning that developing countries face mounting challenges paying back loans as borrowing costs surge and economic expansion slows across the globe. In its starkest caution yet on emerging market debt sustainability, the multilateral lender stressed the u...
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16.02.2024
Gaza Conflict and Red Sea Attacks Pose Economic Risks
International financial institutions warned this week that the ongoing conflict in Gaza and attacks on shipping in the Red Sea could have global economic consequences if tensions continue. In remarks at the World Government Summit in Dubai, IMF Managing Dir...
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05.02.2024
India Pushes for More Market Access in South Korea
India is requesting expanded market access for specific products including steel, rice, and shrimp as part of ongoing negotiations with South Korea to upgrade the current comprehensive economic partnership agreement (CEPA) be...
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05.02.2024
Sri Lanka Signs Free Trade Agreement With Thailand To Boost Economic Ties
In the endeavor to augment bilateral trade, Sri Lanka has formally entered into a trade agreement with Thailand. The pact, termed the Sri Lanka-Thailand Free Trade Agreement, spans various sectors including trade in goods, investment, customs pro...
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30.01.2024
Red Sea Crisis May Trigger Egyptian Currency Devaluation, Warns S&P
Egypt may soon be pushed to further devalue its currency due to fallout from attacks on shipping in the Red Sea, S&P...
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29.01.2024
IMF Extends $941 Million Loan to Aid Kenya's Economic Struggles
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25.01.2024
China Cuts Bank Reserve Requirements to Bolster Fragile Recovery
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Exchange Rates
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