The Latest Breaking News from Economy

The United Arab Emirates’ Economy Minister, Abdullah bin Touq al-Marri, said the SMEs account for 95 percent of the overall operating companies in the country. They offer job opportunities to more than 85 percent of the total labor force in the private sector, he stressed, adding that they are a…

Saudi Arabia’s rejection of the negative statements against it in wake of the OPEC+ decision was welcomed by Arab and Islamic leaders. The officials expressed their solidarity with Saudi Arabia and strong condemnation of the statements and campaigns against Riyadh. On Thursday, an official source at the Saudi Foreign Ministry…

Xi Jinping is poised to become the first three-term president in Chinese history when the Communist Party of China's 20th National Congress starts tomorrow. That gives an opportune time to take stock of his economic-policy record from the past ten years and explore some obvious steps to improve economic performance…

September inflation report came in hotter than expected, increasing the chances of aggressive interest rate hikes later this year. Since analysts expect the economy to tip into a recession next year, dividend-paying stocks Walmart (WMT), Coca-Cola (KO), and Greif (GEF), which are backed by solid fundamentals, could help you plan…

International Monetary Fund member countries on Friday issued a near-unanimous call for Russia to end its war in Ukraine, the IMF's steering committee chair said, calling the conflict the single biggest factor fueling inflation and slowing the global economy.

The outlook of the U.S. economy from Wall Street’s biggest banks is getting gloomier and gloomier, after the industry spent the past year and a half trumpeting that the U.S. economy is strong and the U.S. consumer resilient

Odds now favor that the U.S. economy slipping into a recession within the next year, with economists expecting the labor market and demand will become casualties in the Federal Reserve’s inflation battle.

Mexico's economy ministry said Friday that Alejandro Encinas Najera, a top labor ministry official, would become the country's new deputy economy minister.

Arab League Secretary-General Ahmed Aboul Gheit expressed on Friday his rejection of the “negative media campaign against Saudi Arabia in wake of OPEC+’s partial oil cut” last week. A spokesman for Aboul Gheit said the “baseless” statements are “far removed from the truth.” “Rather, they are aimed at politicizing purely…

Labour leader says government is ‘completely at end of the road’ and his party is preparing for power

Britain's economic problems are unique in many ways, but recent events indicate the world economy is entering a new phase.