ADB cuts Asia Pacific 2026 growth forecast to 4.9%
The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and...
Tag : economic growth
UAE and Egypt presidents discuss ties at G7 summit
UAE President Sheikh Mohamed bin Zayed Al Nahyan met Egyptian President Abdel Fattah El-Sisi on Wednesday on the sidelines of the G7 Summit in Évian-les-Bains, France. The talks...
UAE economy extends global rise on strong 2026 data
ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil activity, trade, banking and investment,...
Vietnam exports jump 19.1% in first quarter of 2026
HANOI: Vietnam’s exports rose 19.1% from a year earlier in the first quarter of 2026 to $122.93 billion, according to official data released on April 4, extending a...
Botswana downgrade adds pressure to diamond economy
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term...
European carmakers urge fast end to EU-US trade tensions
European automakers have urged the European Union and United States to resolve escalating trade tensions swiftly, citing growing risks to jobs, industrial investment, and transatlantic...
Russia’s economy grows by 4.2% in first eight months of 2024
MENA Newswire News Desk: Russia’s gross domestic product (GDP) grew by 4.2 percent during the first eight months of 2024, Prime Minister Mikhail Mishustin announced at...
Vietnam’s F&B sector shows robust growth prospects for 2024
MENA Newswire News Desk: Vietnam’s food and beverage (F&B) industry is expected to reach a value of VND720 trillion (US$29.8 billion) by the end of...
UAE airports handle over 71.7 million passengers in the first half of 2024
MENA Newswire News Desk: UAE airports experienced a 14.2% year-on-year increase in passenger traffic during the first half of 2024, according to data from the Central...
India to surpass US as second largest world economy by 2075, predicts Goldman Sachs
In a groundbreaking report published on Monday, Goldman Sachs predicts that India is poised to surpass not only Japan and Germany but also the United...