Sri Lanka Central Bank Holds Rate to Support Economic Recovery Amid Promising Growth and Low Inflation Trends
In a decisive move aimed at reinforcing the country’s ongoing economic recovery, Sri Lanka’s central bank kept its key overnight policy rate unchanged at 8% for the second consecutive meeting on Wednesday. This decision, aligned with the views of a majority of economists polled by Reuters, comes at a time when the South Asian nation […]
Euro Zone Economy Growth Accelerates to Seven-Month High in March, PMI Shows
The latest data from the euro zone is painting a cautiously optimistic picture for Europe’s economic landscape. According to a preliminary composite Purchasing Managers’ Index (PMI) compiled by S&P Global and reported by Reuters, business activity in the common currency bloc grew at its fastest pace in seven months in March. The composite PMI rose […]
European Union Announces €7.4 Billion Package of Aid for Egypt: A Strategic Lifeline Amid Regional Turbulence
In a landmark move aimed at stabilizing a pivotal ally in the Arab world, the European Union has unveiled a €7.4 billion aid package for Egypt. Announced on March 24, 2025, this multifaceted financial package—comprising both grants and loans—comes at a time when Egypt faces mounting economic pressures and regional instability. The initiative, set to […]
Global Debt Exceeds $100 Trillion as Rising Interest Costs Pose Mounting Challenges, OECD Warns
Outstanding government and corporate bonds have now surpassed the $100 trillion mark, according to the latest annual debt report from the Organisation for Economic Co-operation and Development (OECD). This dramatic milestone comes amid an environment of rising interest costs, complex geopolitical tensions, and mounting fiscal pressures. With central banks beginning to cut interest rates after […]
GCC Economy Set to Grow by 4% in 2025 Amid Global Trade Uncertainty
In a striking display of resilience, the economies of the Gulf Cooperation Council (GCC) are forecast to grow by 4% in 2025 despite rising global protectionism and geopolitical tensions. This upbeat projection, detailed in the latest ICAEW Economic Insight report prepared by Oxford Economics, comes at a time when many regions are grappling with uncertain […]
UAE, EU Strengthening Trade Relations, Promoting Investment Opportunities: A New Era of Economic Partnership
The United Arab Emirates (UAE) and the European Union (EU) are entering a new phase of economic cooperation, marked by renewed diplomatic engagement and a strategic focus on boosting trade and investment. A high-level UAE delegation, led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Ahmed Al Sayegh, Minister […]
Global Trade Witnesses Record Expansion to $33 Trillion in 2024
Global trade reached an all-time high of $33 trillion in 2024—a record expansion of 3.7%, or an additional $1.2 trillion—according to the latest Global Trade Update by UN Trade and Development (UNCTAD). This unprecedented growth was largely driven by the services sector, which surged by 9% and contributed a whopping $700 billion—nearly 60% of the […]
US-EU Tariff Clash Imperils $9.5 Trillion of Business, AmCham Warns
The transatlantic economic relationship—worth an astounding $9.5 trillion annually—is now at a critical juncture as escalating tariff measures threaten to upend decades of interlinked business and investment flows. In a dramatic turn of events, the American Chamber of Commerce to the European Union (AmCham EU) has warned that the recent imposition of tariffs on steel […]
Trump’s Tariffs on Steel and Aluminum Go Into Effect, Inciting Global Retaliation
President Trump’s sweeping tariffs on imported steel and aluminum went into effect Wednesday, marking the latest move in a controversial trade policy that has already sparked significant international backlash and set the stage for an escalating global trade war. The administration’s decision to impose a 25 percent tariff on metal imports from every country supplying […]
India’s GDP Growth to Exceed 6.5% in FY26: Moody’s Forecasts Robust Expansion Amid Policy Support
Moody’s Ratings on Wednesday projected that India’s economic growth will surpass 6.5% in the next fiscal year (FY26), up from 6.3% in FY25. The upbeat outlook is anchored in a combination of higher government capital expenditure, consumption support through tax cuts, and monetary easing by the Reserve Bank of India (RBI). This forecast comes on […]