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The Latest Breaking News from Economy

Kyrgyz First Deputy PM to Asharq Al-Awsat: Riyadh, Bishkek Aim to Increase Cooperation in Green Economy

Saudi Arabia and Kyrgyzstan aim to boost their comprehensive partnership amid plans to increase economic, trade, and investment cooperation in infrastructure, renewable energy, hydroelectric power, wind energy, agricultural production technology, and green economy, said First Deputy Prime Minister of Kyrgyzstan Adylbek Kasymaliev. He told Asharq Al-Awsat in Riyadh that he…

Asharq Al-Awsat

US Slams Taliban for Women's NGO Jobs Ban in Afghanistan

The US has condemned the Taliban for ordering non-governmental groups in Afghanistan to stop employing women, saying the ban will disrupt vital and life-saving assistance to millions. The Taliban takeover last year sent Afghanistan’s economy into a tailspin and transformed the country, driving millions into poverty and hunger. Foreign aid…

Asharq Al-Awsat

India has become 5th largest economy in 2022: PM Modi in last Mann ki Baat of year

NEW DELHI: Prime Minister Narendra Modi on Sunday addressed the last Mann Ki Baat of the year 2022 and said that this year, the country had become the world's fifth largest economy.

The Times of India

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Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

"While there's money involved, I don't think any of us would call on [regulators] to supervise online massive multiplayer games," argued Stephen Cecchetti.

Fortune

What the Fed’s December rate hike means for homebuyers and sellers

The December rate hike was the seventh bump in 2022, a year that saw mortgage rates swing wildly from 3.4% in January all the way to 7.12% in October before inching back down again.

Fortune

France's Macron says Lebanon must change leadership to break deadlock

French President Emmanuel Macron called on Lebanon to "get rid" of its political leadership who have for months blocked reforms vital to save its stricken economy. He said an international conference to offer support to the country would be organised in the coming weeks.

Radio France Internationale

Taliban Orders All NGOs in Afghanistan to Forbid Female Employees From Working

Afghanistan's Taliban-run administration on Saturday ordered all local and foreign non-governmental organizations (NGO) to stop female employees from coming to work, according to an economy ministry letter, in the latest crackdown on women's freedoms. The letter, confirmed by economy ministry spokesperson Abdulrahman Habib, said the female employees were not allowed…

Asharq Al-Awsat

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Taliban bans female NGO staff, jeopardizing aid efforts

Afghanistan's Taliban-run administration on Saturday ordered all local and foreign NGOs to stop female employees from working, in a move the United Nations said would hit humanitarian operations just as winter grips a country already in economic crisis.

Reuters

Tunisia's political experiment threatens economic collapse

Tunisia’s political crisis has brought the already struggling economy closer to collapse

The Independent UK

Businesses want cap on fuel tariff

Key business leaders have jointly called on the government to put a cap on the fuel tariff (Ft), a main component of electricity prices, for one year as another "New Year gift" to help Thailand avoid unpleasant impacts as the economy recovers.

Bangkok Post

State eyes 10m digital ID registrants

The government targets 10 million registrants for digital ID systems by the end of next year, double the current total, to improve the country's digital ecosystem, says the Digital Economy and Society (DES) Ministry.

Bangkok Post

Global economic and investment outlook for 2023

Looking at the global economy as we prepare to enter 2003, three observations stand out:

Bangkok Post

Germany suspends measures to promote business with Iran

Germany's government is suspending state measures designed to foster business with Iran due to the repression of nationwide protests in the Islamic Republic, the economy ministry said on Friday.

Reuters

Germany Suspends Measures to Promote Business with Iran

Germany's government is suspending state measures designed to foster business with Iran due to the repression of nationwide protests in Iran, the economy ministry said on Friday. The suspension will affect export credits and investment guarantees as well as Germany's manager training and trade fair programs in Iran, the ministry…

Asharq Al-Awsat

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Asharq Al-Awsat

Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

Tribune News Service

2022 reconsidered: Just how great was Texas’ job market?

This was the year the Texas economy kept crushing it. Or so we thought.

The Times of India

Global economic developments expected to complicate outlook for Indian economy: Finance ministry report

NEW DELHI: Global economic developments are expected to complicate the outlook further for the Indian economy next year and there is a need to maintain vigilance on the external front, a finance ministry report said on Friday.

Insider UK

Challenges and opportunities: Scottish businesses round-up 2022 and look ahead to 2023

We've grouped together some business leaders to take the pulse of the economy this year and make predictions for what's next

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Insider UK

What's in store for the Scottish economy in 2023

We asked a range of experts to weigh in on the prospects and trends for the nation's biggest industries

Fortune

U.S. companies are turning to contractors and freelancers ahead of a recession

Companies are turning to freelancers and contractors ahead of a recession, but it's just the tailend of a gig economy boom.

Reuters

EU graft scandal 'worthy of Narcos' TV series, says bloc's commissioner

The corruption scandal rocking the European Parliament, in which suspects were found with suitcases full of cash, is like something out of crime drama television series "Narcos", EU Economy Commissioner Paolo Gentiloni said on Friday.

Axios

Raimondo channels CEOs' case for holiday cheer

In an interview with Axios, she says CEOs are "reasonably optimistic" about the economy.

Asharq Al-Awsat

Macron Urges Lebanon to ‘Get Rid’ of Leaders Blocking Reforms

French President Emmanuel Macron called on Lebanon Friday to "get rid" of its political leadership who have for months blocked reforms vital to save its stricken economy. "The problem with Lebanon is that we must solve people's problems and get rid of those who cannot do it," Macron said, referring…

Asharq Al-Awsat

Experts to Asharq Al-Awsat: Saudi Intellectual Property Strategy to Generate Initiatives, Attract Quality Investments

Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the launch of the National Intellectual Property Strategy to support the Kingdom’s economy based on innovation and creativity.

The Independent UK

Asian markets follow Wall St lower on inflation worries

Shares have fallen in Asia after a retreat on Wall Street driven by fears that strong economic data will lead the Federal Reserve to double down on its interest rate hikes to tame inflation

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