Abu Dhabi: The World Bank on Tuesday lowered its 2025 global growth forecast to 2.3 percent, down from 2.7 percent previously expected. In its latest economic prospects report, the 189-country organisation attributed the downgrade to escalating trade …
Abu Dhabi: The Central Bank of the UAE (CBUAE) imposed financial sanctions totaling AED12,300,000 on six exchange houses in the UAE. These penalties were enforced under Article (14) of the Federal Decree Law No. (20) of 2018 concerning Anti-Money Laun…
Dubai: ENOC Group and DP World have signed a Memorandum of Understanding (MoU) aimed at improving emergency and fire response capabilities throughout Dubai’s key energy and logistics infrastructure. The collaboration will focus on joint training, plan…
Seoul: The Republic of Korea recorded a current account surplus for the 24th consecutive month in April, though the surplus narrowed from the previous month, influenced partly by the United States’ tariff scheme, as reported by central bank data.
Ac…
Mexico City: Mexico’s annual inflation rate surged beyond expectations in May, surpassing the upper limit of the central bank’s target range, as indicated by official data released on Monday. This development highlights the ongoing challenges in contr…
Libreville: Gabon recently announced its decision to unilaterally terminate the Sustainable Fisheries Partnership Agreement (SFPA) signed with the European Union in 2007. This move is part of the Gabonese government’s strategy to enhance its economic …
