Gita Gopinath. File
News from the economic front is a mixed bag. By all accounts the immediate outlook is bad. But the chances of an early recovery are said to be bright.
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund said in its latest forecast.
Pakistan’s rupee dropped to an all-time low of 146.5 to the dollar on Thursday, days after Islamabad announced it had reached an agreement with the International Monetary Fund on a fresh bailout for its troubled economy.
The government has stated that its reform agenda signed with International Monetary Fund (IMF) is on track and the progress so far on nearly all the performance and structural benchmarks for first quarter of the current fiscal year
Masdar, one of the world’s leading clean energy developers and a subsidiary of Mubadala Investment Company, on Thursday announced its second strategic investment in the United States in a deal with EDF Renewables North America that will see it acquire a 50 per cent stake in a 1.6-gigawatt (GW) clean-energy portfolio.
The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic in the United States,
Emaar Properties has revealed first half (H1) revenues of Dhs9 billion and over Dhs2 billion in net profit, according to a statement by the real estate Dubai-based giant on Thursday.