Kristalina Georgieva speaks on new research on the financial services sector and its impact on income inequality during an event at PIIE. Agence France-Presse
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of a review of Cairo’s three-year, $12 billion loan programme with the lender.
The International Monetary Fund (IMF) cut its forecast for Russian economic growth in 2019 to 1.2% from 1.4% after a weak first quarter, saying broader reforms would be needed for stronger growth.
Euro zone stocks surged on Wednesday as investors piled into firms with big dividends on hopes European Central Bank chief nominee Christine Lagarde will maintain the ECB’s dovish stance, while Italian shares jumped over 2% on avoiding a EU sanction threat. The blue-chip eurozone STOXX index
The International Monetary Fund on Tuesday lowered its forecast for global growth this year and next, warning that further US-China tariffs or a disorderly exit for Britain from the European union could further slow growth,
The Saudi energy minister told a conference of the G20 group of the world’s largest economies on Friday that ensuring affordable energy supply is key to facilitating a global economic recovery.
Al Ghandi Auto, the sole retailer for Cadillac in United Arab Emirates and GMC and Chevrolet dealer for Dubai and the Northern Emirates, has launched its Stay At Home courtesy service in a bid to curb social interaction and limit the spread of COVID-19.
If the India lockdown continues till mid-May along with moderate relaxation after the end of 21-day lockdown on April 14, it could put 32 million livelihoods at risk and swell non-performing loans (NPLs) by seven percentage points,
India’s foreign exchange reserves declined by $902 million during the week ended April 3. According to the RBI’s weekly statistical supplement, the overall forex reserves decreased to $474.66 billion from $475.56 billion reported for the week ended March 27.