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Mexico’s government plans to keep a lid on spending while offering some support for hospitals, pensioners and infrastructure in a lean 2021 budget that forecasts only partial recovery for an economy hammered by the COVID-19 pandemic.
Spot gold was down 0.3% at $1,925.97 per ounce by 0616 GMT. US gold futures fell 0.5% to $1,933.80.
The government will update its GDP forecast for this year in early October and is likely to update its budget deficit target too to a wider deficit than the 10.3% of GDP target announced in May
Lebanon's economic crisis, which erupted in 2019, has propelled more than three quarters of the population into poverty and the local currency has plummeted by over 90%.
British private equity firm Apax Partners and alternative asset manager Blackstone have announced a $450 million investment in Indian travel tech major IBS Software.
As it seeks to enable Middle East channel organisations to capitalise on the $50 billion Low-code market, Kissflow on Wednesday unveiled its innovative new Partner Program.
Turkey’s lira held near a two-month low, its sovereign dollar bonds tumbled and the cost of insuring exposure to the country’s debt spiked as the presidential election
India plans to hold bilateral free trade talks with the United Kingdom, the European Union and Canada and discuss bilateral trade issues with the Russian delegation
The UAE, within 10 years, succeeded in transforming its economy towards a multi-diversified economy, away from oil and natural gas sources, based on promising and new sectors.
Germany’s coalition on Tuesday set aside weeks of squabbling to agree to a total of 32 billion euros ($34.63 billion) in corporate tax cuts over four years to boost the flagging economy.