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Economy

Economy latest

Russian President Vladimir Putin
June 30th, 2026 - 07:33 GMT
P. Choiaqo

P. Choiaqo

Putin: Ukrainian drone strikes are ‘creating problems’ for Russia

ALBAWABA - In a candid statement, Russian President Vladimir Putin has publicly admitted that the recent waves of strikes that Ukraine has conducted on Russia have been effective. Ukraine has picked up the pace of the stagnating war by targeting and severely harming Russian fuel and energy infrastructure, in Moscow and Crimea especially. Last week, it launched one of the largest drone attacks since the start of the war - ...
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These laws reflect the government’s desire for the private sector to play a role in Oman’s development and creating greater job opportunities for the national workforce.
July 3rd, 2019 - 10:30 GMT

New Investment Laws to Empower Oman's Private Sector

Total expenditure stood at SR217 billion ($57 billion), an increase of eight percent compared to the same period last year.
July 2nd, 2019 - 06:00 GMT

Saudi Economy Grows 1.66 Percent in 2019

Manheim, PA - October 1, 2016: People enthusiastically wave Make America Great Again Signs at a Donald Trump campaign rally.
June 27th, 2019 - 09:23 GMT

Will Trumponomics Make America Great Again?

The rupee has been consistently falling due to widening trade deficit, dwindling foreign exchange reserves and free-float exchange rate mechanism agreed with the IMF.
June 27th, 2019 - 08:59 GMT

Pakistani Rupee Hits Another Life-Time Low Against US Dollar

A cut in servicing the cost of Lebanon’s massive public debt has been factored into the 2019 draft state budget that aims to slice the deficit to 7.6% of GDP.
June 26th, 2019 - 08:09 GMT

Zero Percent Economic Growth Projected for Lebanon this Year

Turkish people gather to celebrate after the Istanbul mayoral elections re-run, at Kadikoy in Istanbul, on June 23, 2019.
June 25th, 2019 - 02:30 GMT

Turkish Lira Up 2 Percent After Istanbul’s Mayoral Elections

The improved growth will be driven by spending related to Expo 2020
June 25th, 2019 - 07:04 GMT

Dubai’s Economic Growth to Hit 3.7 Percent in 2020

The programme's targeted results include; increasing Pakistan's tax to GDP ratio to 17 per cent; increasing the number of active taxpayers to 3.5 million; reducing the compliance burden of paying taxes; and improving the efficiency of customs controls.
June 19th, 2019 - 07:01 GMT

World Bank to Support Pakistan with 3 Loans Worth $918 Million

Global economic risks remain skewed to the downside.
June 17th, 2019 - 09:56 GMT

Report: Global Output Expansion to Decline to 3.4 Percent in 2020

Moody's said external pressures are exacerbated by the row between Turkey and the United States over Ankara's purchase of S-400 missile systems from Russia.
June 16th, 2019 - 10:07 GMT

Turkey Doesn't Approve of Moody's Downgrade

The DED report on Saturday said that manufacturing and tourism sectors are expected to drive the emirate's growth at 2.1 per cent this year and 3.8 per cent in 2020.
June 16th, 2019 - 07:57 GMT

Dubai Issues Over 9,000 New Business Licenses at Start of 2019

Monetary policy is expected to gradually tighten as Qatar’s central bank resumes raising interest rates to restore the spread versus US policy rates, and to attract FX inflows into the banking system, the WB report said.
June 13th, 2019 - 08:30 GMT

World Bank: Qatar’s Economy to Expand 3 Percent Over Medium Term

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