Economy

Economy News

Foreign demand to keep Dubai property prices on steady upward course- Reuters poll

By Md Manzer Hussain BENGALURU (Reuters) – Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a.

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Economy News

Egypt’s foreign debt rose by $8.1 billion in last quarter of 2021

CAIRO (Reuters) – Egypt’s net external debt climbed by $8.1 billion in the fourth quarter of 2021, central bank data showed on Sunday. Egypt had been increasing its borrowing to.

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Economy News

Qatar central bank governor expects GDP growth of 3.5% in 2022

DOHA (Reuters) -Qatar’s gross domestic product (GDP) should grow 3.5% in 2022, Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani told a conference on Sunday in Doha. Al-Thani.

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Economy News

UAE’s ADQ to invest $10 billion in projects with Egypt, Jordan – WAM

(Reuters) -Abu Dhabi state holding firm ADQ will allocate $10 billion in investment for projects with Egypt and Jordan, the United Arab Emirates’ state news agency WAM reported on Sunday,.

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Economy News

Cooling U.S. inflation builds case for September slowdown in Fed rate hikes

By Ann Saphir and Howard Schneider (Reuters) – Evidence U.S. inflation is cooling will not budge Federal Reserve policymakers from half-point interest rate hikes planned for upcoming meetings in June.

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Economy News

Bulgaria sticks to plan to adopt the euro in 2024 amid coalition squabbles

SOFIA (Reuters) – Bulgaria’s government on Friday approved a plan to join the euro zone as of Jan. 1, 2024, amid concerns within the ruling coalition over the lack of.

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Economy News

Strong demand powers Indian economy past record inflation, for now

The activity backed by stronger new orders was accompanied by a bump in output prices as producers started passing on high raw material costs to consumers India’s economy maintained its.

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Economy News

China’s lending policy could trigger new debt crisis – Germany’s Scholz

BERLIN (Reuters) – A lack of transparency in China’s lending poses a threat to developing and emerging countries and could trigger a new debt crisis, German Chancellor Olaf Scholz said.

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Business Economy News

National Bank of Canada beats profit estimates for second quarter

By Nichola Saminather TORONTO (Reuters) -National Bank of Canada closed out a mostly strong quarter for Canadian lenders on Friday, reporting second-quarter profit that beat estimates on lower-than-expected provisions for.

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Economy News

Russia makes Eurobond coupon payments in FX – settlement depository

(Reuters) – Russia’s National Settlement Depository (NSD) on Friday successfully paid coupons in foreign currency on two Eurobonds, an NSD representative told Reuters, a move that could mean Russia may.

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