Business

Why oil prices are muted despite Iran attack?

DUBAI (AFP): Oil prices have failed to soar even after major crude producer Iran attacked Israel with drones and missiles,…

4 weeks ago

IMF lifts global growth forecast but signals pessimism over medium term

NEW YORK (AFP): The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast…

4 weeks ago

IMF says Pakistan’s growth rate to remain 2pc in 2024, 3.5 percent in 2025

F.P. Report ISLAMABAD: The International Monetary Fund (IMF) expects the world economy to grow by 3.2 percent this year, up…

4 weeks ago

China’s GDP growth hits 5.3% in Q1-2024 – higher than expectations

Shanghai (Reuters): China's economy grew 5.3 per cent in the first quarter year-on-year, official data show, comfortably beating expectations and…

1 month ago

Abu Dhabi AI pioneerG42 Group gets $1.5b investment from Microsoft

Dubai (Gulf News): The US tech giant Microsoft is committing $1.5 billion in Abu Dhabi’s AI focused tech entity, G42.…

1 month ago

IMF projects UAE growth at 4.2% for 2025, highest in 3 years

DUBAI (Khaleej Times): The International Monetary Fund (IMF) on Tuesday projected higher growth for the UAE economy for next year…

1 month ago

Aurangzeb leaves banker life behind to fix economy

ISLAMABAD (Bloomberg): Pakistan's new finance minister is on a mission to fix his country. To many, it's an unenviable task.…

1 month ago

Bain proposes Japan’s Kioxia IPO to clear $5.8 bln loan refinance

TOKYO (Reuters): Bain Capital has proposed an initial public offering (IPO) of Japan's Kioxia Holdings as part of a plan…

1 month ago

Tesla’s global job cuts include leading markets US, China

SHANGHAI/BERLIN (Reuters): Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across…

1 month ago

Oil prices rise on Middle East tensions

SINGAPORE (Reuters): Oil prices rose on Tuesday as the Chinese economy grew faster than expected, while heightened tensions in the…

1 month ago

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