World Bank’s revised outlook for East Asia reflects China’s economic hurdles
Amid concerns about China’s economic stability and diminished global demand, the World Bank has revised its growth projections for developing East Asia and the Pacific....
Tag : economic growth
Biden and Modi cement ties as India ascends global stage
Yesterday, US President Joe Biden and Indian Prime Minister Narendra Modi convened at Modi’s official residence in New Delhi. In an atmosphere thick with camaraderie,...
Digital work revolution sees the world’s gig economy expand by 12 percent
A recent World Bank report has revealed that the ‘gig economy‘ comprises an unexpected 12% of the global labor market, surpassing previous estimates. This sector...
Space economy to hit $1 trillion milestone in a few years
Last year marked a significant milestone for the global space economy, which crossed the half-a-trillion-dollar threshold. According to specialized studies from global institutions, the industry...
Egypt targets $5 billion in state IPOs by mid-2024
In an ambitious bid to boost its financial standing, the Egyptian government is poised to secure $5 billion through the initial public offerings (IPOs) of...
Progressive policies and economic strength mark Egypt’s growth under El-Sisi
Egypt’s economy has demonstrated significant resilience and growth, as indicated by a marked reduction of 61.2% in its current account deficit, down to just US$...
A new era in Indian banking – the resounding success of Modi’s leadership
The Indian banking sector, regulators, and investors exemplify a remarkable resilience born out of strategic planning and proactive governance. This strength, which has been consistently...
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...
Modi’s historic visit paves way for stronger US-India bonds
During a momentous meeting at the White House, President Joe Biden and Prime Minister Narendra Modi penned a new chapter in US-India relations. The event...
UAE’s aviation sector soars: 31.8 million passengers in Q1 2023
The Central Bank of the UAE (CBUAE) has announced in its recent Quarterly Economic Review that UAE airports welcomed a whopping 31.8 million passengers in...