Finance chiefs from G20 nations held talks yesterday (September 20), confident they can 'change the destiny of the global economy' despite rising world political tensions and mounting fears of financial instability.
Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy use, an international report said on Tuesday.
Dubai's ability to finance its debts has improved because of stronger economic growth and more conservative spending, but the emirate would still be vulnerable in a major dowturn of the global economy, the International Monetary Fund said.
Saudi Arabia's economic growth eased to an annual rate of 4.7 percent in the first quarter of 2014 as labour market measures curbed activity in some sectors, but the expansion was still stronger and more widespread than growth a year ago.
Egypt's economy is expected to grow by more than 3 percent during the 2014/15 fiscal year, Finance Minister Hany Kadry Dimian said on Monday, in line with previous forecasts.
The minister spoke the day after President Abdel Fa
Saudi Arabia said on Tuesday it would take new "qualitative measures" to improve its economic development, signalling a potential shift of emphasis in its drive to raise living standards by spending tens of billions of dollars on welfa
Tunisia's government has cut its economic growth forecast to 2.8 percent for this year, which is in line with the IMF's forecast, Finance Minister Hakim Ben Hamouda said on Monday after meeting with a delegation from the International Mo
Economic growth in the UAE accelerated to 4 per cent in 2013 boosted by a solid performance from non-oil sectors mainly tourism, industry, finance and trade, said the country's economy minister.
Sultan Bin Saeed Al Mansoori ha
Tunisia's economy will expand less quickly than hoped this year, the central bank said on Thursday, cutting its growth forecast to 3.8 percent from 4 percent.
The economy grew by 3 percent last year. The bank did not say why i
Gold eased for a second session on Wednesday as equities inched higher on optimism over US economic growth, curbing bullion's safe-haven appeal.
Prices were hurt by data showing the US trade deficit fell to a four-year low in