Economy
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OPEC chief is ‘cautiously optimistic’ on global economy
OPEC’s top official said he’s “cautiously optimistic about the outlook for the global economy,” as a recovery in oil demand…
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Data finds UK unemployment stable, wages slammed by inflation
UK unemployment is steady, but wages have tanked further, official data showed Tuesday, as sky-high inflation sparks a cost-of-living crisis…
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Egypt to roll out program for cheaper bread prices as inflation worsens
Egypt will roll out a program to allow people not covered by its state support program to buy bread at…
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Nissan, Renault on track to complete deal to revamp two-decade alliance
Nissan Motor Co.’s independent directors have agreed to proceed with a deal to rebalance the Japanese carmaker’s two-decade alliance with…
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Businessman bids $2.66 million for VIP Ronaldo vs Messi ticket
A businessman bid $2.66 million (10 million riyals) for a VIP ticket to a football match in Riyadh that will…
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Global recession seen likely in 2023: World Economic Forum survey
Two-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in…
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Global employment growth to drop 2023 due to economic fallout: ILO
Global employment growth is expected to slow down sharply to 1 percent this year compared to 2 percent in 2022,…
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People trust businesses more than governments, other institutions: Survey
People worldwide are gloomier about their economic prospects than ever before and trust business far more than other institutions like…
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Saudi Arabia’s Flynas looks to expand in overseas units
Saudi Arabia-based carrier Flynas said its board approved establishing local units in two more countries as part of a plan…
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IMF says severe fragmentation could cost world economy up to 7 percent of GDP
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up…
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