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Monday, June 16, 2025

Economy

World Bank May Inject USD 400 Million into Jordan’s Economy

According to a recent report, The World Bank is considering financing a new project in Jordan with an estimated value of USD 400 million.

One Third of Global Population Lives Without Internet

Internet connectivity is no longer a luxury but a necessity for economic growth, education, and social development. Yet nearly 2.6 billion people—approximately one-third of the global population—remain without access.

Singapore Welcomes Continued FDI and Cultural Ties with India

During his inaugural state visit to India in January 2025, Singaporean President Tharman Shanmugaratnam emphasized the need for Singapore to strengthen its engagement with...

Egypt’s New Chapter in its Economic Revival

Egypt is set to receive a USD 1.2 billion disbursement from the International Monetary Fund in January 2025, as part of its USD 8 billion Extended Fund Facility programme.

Pakistan Secures USD 20 Billion World Bank Loan for Development

The World Bank has approved a USD20 billion loan package for Pakistan under a ten-year Country Partnership Framework (CPF), with climate change related investment being a key focus of the agreement.

Pakistan’s Reserves Inch Up Amid Economic Challenges

After months of economic strain, Pakistan’s foreign exchange reserves are showing tentative signs of recovery.

Lithium Represents Both Economic Opportunity and Environmental Challenges

Potential lithium deposits, a critical resource of strategic importance, have yet to be fully explored in Bosnia and Herzegovina. However, confirmed reserves, located in the eastern part of the country, are estimated to exceed one million tons of lithium concentrate.

India to Review FTA with ASEAN

India is aiming to address a growing trade imbalance with ASEAN by revamping its existing free trade agreement.  Additional Secretary in the Department of Commerce Rajesh Agrawal highlights the need for a review of the deal, citing concerns over tariff asymmetry and potential misuse.

Latest news

US President Trump Doubles Steel Tariffs

As major exporters brace for impact and manufacturing faces soaring costs due to increased steel tariffs, consumers could be hit hardest, with average U.S. households facing a potential USD 2,500 hike in yearly expenses.
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Why Investors Tout Orchard Road Over Wall Street

As global markets flux and geopolitical unrest makes investors skittish, one city-state is fast emerging as a safe diversification play.

KSA Outperforms in IPOS

Fueled by Vision 2030’s strategic reforms and broad sector growth, Saudi Arabia is transforming its capital markets into a dynamic hub for investors.

Must read

Emirates Arabian Horse Global Cup Hosted in Africa for the First Time

The 6th Emirates Arabian Horse Global Cup Show of the 2024 season kicks off today in El Alamein city on the northern coast of Egypt.

Google Promises MENA an AI Supercharged Economy

Google Courts Saudi Arabia and UAE as it ramps up its presence across MENA, promising significant domestic job growth creation, regional dominance in AI and alignment on wealth diversification according to KSA's and UAEs 2030 Agendas.
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Qatar Hypermarket Launches Halal Thai Promo for Good Taste and Goodwill

Graced by Ambassador of Thailand to Qatar H E Sira Swangsilpa, and Lulu Hypermarket Regional Director Shaijan MO together with dignitaries from the Royal Thai Embassy in Doha, the Halal Thai Food Promotion launch aims to foster goodwill between the two countries and celebrate Thai culture and cuisine.

Malaysia Airlines and Manchester Unite for Football, Fans and Fab Flights

Manchester United and Malaysia Airlines announces a multi-year partnership which will see the award-winning airline become the club’s official commercial carrier.

Kazakhstan Emerges as a Central Player in Central Asia

According to Kazakhstan’s Deputy Foreign Minister Roman Vassilenko, in a recent meeting between his boss Murat Nurtleu and the EU High Representative for Foreign Affairs and Security Policy Josep Borrell, the European officials said that “Kazakhstan used to be in the middle of nowhere, and now it is in the middle of everywhere”. The summit in Astana has yet again shown that Kazakhstan continues to emerge as a middle power.