Economy

DUBAI (Reuter) -  The International Monetary Fund stated on Thursday that growth in the Middle East and North Africa region is anticipated to rebound to 4% next year, although this depends on the end of oil production curbs and the…

New partnerships will be launched in the Middle East by Hang Seng Bank and two of its subsidiaries, the Hong Kong-based bank said. With the help of SAB Invest, the bank's asset management division, Hang Seng Investment, will introduce a…

Israel's recent strikes on Iran did not affect any oil extraction facilities, which reduced the political risk premium associated with the Middle East. As a result, crude oil prices have dropped precipitously, the biggest single-day loss in…

Saudi Arabia’s non-oil exports, including reexports, rose by 7.5 percent in August, reaching SR27.52 billion ($7.33 billion) compared to the same month last year, official data showed. According to the General Authority for Statistics,…

Emirates Transport, the UAE’s leading transport provider, is to begin pilot testing hydrogen and electric commercial vehicles supplied by Al Ghurair Motors as part of an all-new agreement to accelerate the adoption of eco-friendly…

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim's official visit to Bangladesh aims to enhance cooperation in the fields of economy and investment. According to the portal Wilayahku, he stated that cooperation in various other…

KUALA LUMPUR: The establishment of Koperasi BUMIPEDA Berhad (KOBB) aims to assist Bumiputera petrol station operators in Malaysia in managing the impending rise in business costs. The President of the Bumiputera Petrol Station Operators…

KUALA LUMPUR: The ringgit surpassed the 4.30 level today, reaching its highest in 20 months against the US dollar as traders anticipate the Federal Reserve (Fed) may lower rates by 25 to 50 basis points, according to an economist.…

KUALA LUMPUR: The ringgit closed stronger against other major currencies but fell against the US dollar today as traders remained cautious about the direction of US interest rates, following higher-than-expected US Consumer Price Index…

KUALA LUMPUR: The government is working diligently to boost palm oil exports, which are primarily produced on the Federal Land Development Authority (FELDA) estates, to increase the income of settlers, said Prime Minister Datuk Seri Anwar…