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Growth in 'developing nations to be modest'Risks from advanced economies have eased and growth is firming, despite ongoing contraction in the euro area. However, the pick-up in developing countries will be modest because of capacity constraints in several middle income countries, accordi More… |
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US companies step up hiring in MayUS employers stepped up hiring a bit in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back its monetary stimulus later this year. The US added 175,000 jobs last month after adding only More… |
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Civil war memories, oil wealth smooth Algeria politicsWith its president in a French hospital for over a month and the surrounding region in turmoil, Algeria looks from the outside to be on course for a period of unrest. The r More… |
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India economy registers weak growthIndia's economy began a feeble recovery in the first quarter of 2013, but weak private consumption, capital investment and slowing public spending offered little hope for a fast rebound in coming quarters. Asia's third lar More… |
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S&P ratings boost for Saudi ArabiaStandard & Poor's (S&P) has revised its outlook on the long-term sovereign credit ratings on Saudi Arabia to positive from stable owing to its view that the Kingdom's economy expanded strongly and steadily during 2005-2012. More… |
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Current oil price no threat to economy: UAE ministerCurrent oil prices are "appropriate and fair" and no threat to economic growth, the new UAE energy minister Suhail Bin Mohammed al-Mazroui told the UAE's state news agency on Monday. "From the producers' poi More… |
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Jordan economy set to grow 3.5 pcJordan's economy is expected to grow around 3.5 per cent this year driven by remittances, higher domestic consumption and some pickup in construction activity, the kingdom's Central Bank governor has said. Ziad Fariz told More… |
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US sees jump in durable goods ordersOrders for long-lasting US manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, More… |
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Oil prices set for biggest weekly lossOil is poised to post its biggest weekly loss in more than a month, with Brent edging down towards $102 per barrel on Friday - pressured by ample supply and a sluggish economic recovery that could dent demand for fuel. Crude inven More… |
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Inflation a risk for strong Saudi economy: IMFSaudi Arabia faces a possible inflation risk due to buoyant growth that may warrant policy action to prevent the economy from over-heating, the International Monetary Fund said. More… |
