MUSCAT – The data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) indicate that the total reserve assets of the Gulf Cooperation Council (GCC) countries amounted to US$804.1 billion by the end of the first half of 2024, with a growth rate of 7.5% compared to
Addis Ababa, February 20, 2025 (POA—Six local and foreign investors, who have signed service level agreements with the Industrial Parks Development Corporation (IPDC) and collectively invested over 160 million US dollars, have begun construction of sheds and machinery installation at the Bole Lemi Special Economic Zone (SEZ). These developments represent a significant step toward boosting
Open this photo in gallery: A cut-out of president-elect Donald Trump is displayed on the floor at the New York Stock Exchange in New York’s Financial District on Jan. 2.Seth Wenig/The Associated Press John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires
As the threat of a trade war grows, Canadian investors are seeking protection in gold and in shares of companies producing goods with few substitutes, such as uranium, while looking to take advantage of a weaker loonie and expected volatility. U.S. President Donald Trump has threatened to implement a 25% tariff on most Canadian imports
We just got a read on the state of lending in this economy, courtesy of the Federal Reserve. Its Senior Loan Officer Opinion Survey, which asks bankers about their lending standards and loan demand, came out this week. It found lenders are generally seeing less demand for mortgages, which shouldn’t be a huge surprise given
New facts have emerged on how Access Bank clandestinely granted N1 billion loan to a going concern, DDSS International Company limited, using a property belonging to another company, MOB Integrated Services, run by Gbolahan Obanikoro, as collateral without the owner’s consent or knowledge. Details of the loan provided by insiders, revealed that the property, owned
With the current National Monetisation Pipeline (NMP) programme ending in March this year, the Centre may announce its next phase with annual asset monetisation goals of Rs 2 lakh crore for the next 4-5 years, to mobilise capital for investments and re-investments. The government had set an ambitious Rs 6 trillion asset recycling target under
CHANCELLOR Rachel Reeves’s Budget will create short-term economic growth at the cost of higher inflation and lower wages, researchers say. An increase in government spending will see growth shoot up to 1.3 per cent in 2025 before falling slightly to 1.2 per cent in 2026, said a think tank report published today. The boost, however, may only
An aerial drone photo taken on Feb. 2, 2024 shows a container vessel berthing at the smart zero-carbon terminal of Tianjin Port in north China’s Tianjin. (Xinhua/Zhao Zishuo) BEIJING, March 18 (Xinhua) — China’s fixed-asset investment went up 4.2 percent year on year in the first two months of this year, 1.2 percentage points higher
Here are five key things investors need to know to start the trading day: 1. Dow highs The Dow Jones Industrial Average hit a new intraday record and closed at a record high on Monday. The 30-stock index closed up 65.44 points, or 0.16%, after rallying more than 200 points earlier in the day. The S&P 500 and the Nasdaq