After spending the past two years trying to get inflation under control by raising interest rates, the Fed is inching toward cutting rates soon. This policy shift has ignited claims that the Fed is “being political” because in standard economic…
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Qatar may record budget surplus in the current financial year, Emirates NBD said and noted GCC governments will need to rein in spending growth to prevent budget balances shrinking further as little rebound in oil revenues is expected in 2024.…
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The UAE’s real gross domestic product (GDP) is expected to grow by 3.7% in 2024, up from from 3.4% last year, according to the World Bank’s Global Economic Prospects report. The GDP is forecast to rise to 3.8% in 2025,…
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Ghana’s official creditors are scheduled to meet on Monday to discuss restructuring some $5.4 billion in loans to the country, three sources told Reuters, a key step needed to secure its next tranche of funding from the International Monetary Fund.…
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Ghana is expecting to secure a $1.15 billion funding from the International Monetary Fund (IMF) and the World Bank by the end of February as bilateral creditors near agreement on the terms of a debt restructuring. The finance minister, Ken…
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The International Monetary Fund recently released a report listing the member countries that have been delayed in the completion of their Article IV consultations. Out of the 12 nations included in the IMF’s report, 4 were African. As of December…
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The World Economic Forum, with support from the Government of the United Arab Emirates, along with more than 20 corporate and research partners in the food sector, launched today the First Movers Coalition for Food. The initiative uses the combined…
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Emerging markets are gearing up for their biggest election year in decades, with investors focused on fiscal discipline and populist shifts that could stir markets and blur the outlook for some key economies. Countries home to more than half the…
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South African private sector activity shrank in December as companies signalled a greater impact on business amid the gridlock problems afflicting the country’s ports, a survey showed on Thursday. The S&P Global South Africa Purchasing Managers’ Index (PMI) fell to…
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The BRICS group will double its membership on January 1, as the UAE, Saudi Arabia, Egypt, Iran and Ethiopia join the alliance, South Africa’s envoy to the bloc has confirmed, according to a Bloomberg report. The five existing members of…
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