Markets

In response to a prolonged downturn in the real estate sector, Chinese authorities are enlisting the support of banks to inject liquidity into stalled housing projects and reduce mortgage rates, aiming to restore stability and confidence in the property market....

Turkey has announced an ambitious $14 billion development initiative to uplift its predominantly Kurdish southeastern region, a historically underdeveloped area that has endured decades of conflict and economic disparity. The plan, which spans multiple sectors, seeks to close the economic...

The global edible oil market is experiencing a notable upswing in prices, driven by tightening supplies and policy changes in key producing countries. This trend has significant implications for import-dependent nations like Pakistan, where consumers are beginning to feel the...

In a strategic move to invigorate its agricultural exports, Russia has announced a reduction in export duties on peas, chickpeas, and lentils. Effective January 1, 2025, the export duty for these pulses will be set at a fixed rate of...

Qatar's energy sector is experiencing unprecedented growth in 2024, marked by ambitious projects aimed at boosting liquefied natural gas (LNG), petrochemical, and renewable energy production. These advancements align with the Qatar National Vision 2030, positioning the nation as a leader...

Internal communications within the World Bank have revealed staff concerns regarding the accuracy of a joint Debt Sustainability Analysis (DSA) conducted with the International Monetary Fund (IMF) on Ethiopia's financial status. The critique, detailed in a memo by World Bank...

Poland's Deputy Finance Minister, Artur Soboń, has emphasized that investment will be the primary driver of the country's economic growth in the coming years. Speaking at a recent economic forum, Soboń outlined the government’s strategy to boost GDP through increased...

The University of Doha for Science and Technology (UDST) has announced the launch of seven new academic programs for the Fall 2025 semester, including Qatar's first Bachelor of Science in Aeronautical Engineering (BSc AeroE). These programs, ranging from bachelor's to...

Commercial Bank has been honored with the 'Best Bank for Corporate Social Responsibility (CSR)' award in the Middle East by World Finance, acknowledging its dedication to creating lasting social value through initiatives in environmental sustainability, community development, and employee well-being....

Following the recent overthrow of President Bashar al-Assad by Islamist rebels, Syria's acting finance minister, Riad Abd El Raouf, is confronting significant economic hurdles. Appointed by Assad in September 2024, Raouf, 49, is the sole member of the former regime...

The World Bank has revised its projections for China’s economic growth, signaling optimism for the country’s recovery prospects. The updated figures suggest the economy will grow by 4.9% in 2024, an improvement from the earlier forecast of 4.5%. For 2025,...

OpenAI stated that it will change to a new for-profit setup. The company will build a public benefit corporation to run its business operations, eliminating some rules from its nonprofit setup and allowing it to act more like a fast-growing...

Sumitomo Mitsui Financial Group (SMFG), a leading Japanese bank, said it could earn over 1.2 trillion yen ($7.65 billion) in next fiscal year beginning April 2025. This amount would be its highest-ever profit. The company’s Chief Executive Officer, Toru Nakashima,...

Do Kwon, a well-known name in the crypto world, will soon be extradited to the United States after a decision by Montenegro’s justice system. The news comes after many months of legal battles and careful checks. Kwon faces charges related...

Richard D. Parsons, the well-known business leader, died on Thursday, 26th December, at the age of 76. Parsons was recognized for his work at Time Warner. The company said he helped with some setbacks after the bad AOL merger. The...