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    Pakistan sees 3.9 per cent economic growth

    Pakistan sees 3.9 per cent economic growth

    21 May 2021

    Pakistan said on Friday that its economy is on course to grow 3.94% in the financial year that ends in June, almost double the IMF and World Bank’s projections, as...

    UAE, Russia trade ties highlighted

    UAE, Russia trade ties highlighted

    18 May 2021

    The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Russia-UAE Business Council discussed the means of boosting trade and economic cooperation between businesses in Abu Dhabi with their...

    Sharjah, South Korea discuss ways to boost economic co-operation

    Sharjah, South Korea discuss ways to boost economic co-operation

    18 May 2021

    The Sharjah Chamber of Commerce and Industry (SCCI) recently held a virtual meeting with the Consulate-General of the Republic of South Korea in Dubai to explore ways to discuss economic...

    ADEX, TDB to bolster UAE-African trade through $30 million facility deal

    ADEX, TDB to bolster UAE-African trade through $30 million facility deal

    17 May 2021

    Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million (Dhs110.19 million) line-of-credit agreement with the Eastern and Southern African...

    Saudi Arabia pushes for Sudan’s $50 billion debt restructuring

    Saudi Arabia pushes for Sudan’s $50 billion debt restructuring

    16 May 2021

    Saudi Arabia will press Sudan’s creditors to reach a broad agreement to reduce the African country’s $50 billion-plus debt pile, said a Saudi official who will be directly involved in...

    India’s annual budget runs into trouble as coronavirus strikes back

    India’s annual budget runs into trouble as coronavirus strikes back

    16 May 2021

    India’s annual budget in February was lauded by many and raised hopes it would drive a sharp economic revival, but there are now fears that its promise may fall...

    Fed’s Kaplan sees risk of inflation gaining a foothold in US economy

    Fed’s Kaplan sees risk of inflation gaining a foothold in US economy

    15 May 2021

    Dallas Federal Reserve President Robert Kaplan raised the prospect of a worrisome rise in US inflation expectations, as imbalances between supply and demand for labour and goods put upward pressure...

    China’s number of investors grew in April at slowest in 13 months

    China’s number of investors grew in April at slowest in 13 months

    15 May 2021

    The number of China’s new investors grew in April at its slowest pace in 13 months, hit by a lack of upside momentum for the stock market and persistent...

    Gold plunges to 1-week low as US bond yields and dollar climb

    Gold plunges to 1-week low as US bond yields and dollar climb

    13 May 2021

    Gold touched a one-week low on Thursday, as US Treasury yields rose and the dollar firmed after a bigger-than-expected rise in US consumer prices boosted bets for early interest...

    Nikkei slumps to 4-month low

    Nikkei slumps to 4-month low

    13 May 2021

    Japanese shares sank on Thursday, with the Nikkei average hitting a four-month low, as SoftBank Group and highly valued stocks were pummelled by US inflation scare. The Nikkei index...

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