Botswana downgrade adds pressure to diamond economy
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term...
Tag : economic growth
Russian economy sees 4.2% growth in the first eight months of 2024
Russia's GDP grew by 4.2% in the first eight months of 2024, driven by expanding international trade and stronger economic partnerships with 'friendly' nations....
Vietnam’s F&B sector shows robust growth prospects for 2024
Vietnam’s food and beverage sector is expected to reach $29.8 billion in revenue by 2024, with a 10.92% growth, driven by increasing consumer confidence and...
Fed cuts rates by half point amid slowing job gains
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...
India to surpass US as second largest world economy by 2075, predicts Goldman Sachs
In a groundbreaking report published on Monday, Goldman Sachs predicts that India is poised to surpass not only Japan and Germany but also the United...
Modi’s historic visit paves way for stronger US-India bonds
During a momentous meeting at the White House, President Joe Biden and Prime Minister Narendra Modi penned a new chapter in US-India relations. The event...
UAE’s aviation sector soars: 31.8 million passengers in Q1 2023
The Central Bank of the UAE (CBUAE) has announced in its recent Quarterly Economic Review that UAE airports welcomed a whopping 31.8 million passengers in...
US gears up to engage with India’s dynamic leader, PM Modi
A wave of anticipation has swept across the United States as it readies itself to host one of India’s most transformative leaders, Prime Minister Narendra Modi,...
Successful UAE-India partnership stands as a model of bilateral cooperation
New Delhi was a hub of activity on the 24th and 25th of May 2023 as it hosted the annual Confederation of Indian Industry (CII)...
Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual...