The Latest Breaking News from Economy

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…

Asharq Al-Awsat · Dec 23, 2022

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

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

Tribune News Service · Dec 23, 2022

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.

The Times of India · Dec 23, 2022

Raimondo channels CEOs' case for holiday cheer

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

Axios · Dec 23, 2022

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 · Dec 23, 2022

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.

Asharq Al-Awsat · Dec 23, 2022

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

The Independent UK · Dec 23, 2022

Egypt’s Central Bank Raises Key Interest Rates by 300 bps

Egypt's central bank hiked overnight interest rates by 300 basis points on Thursday, warning that inflationary pressures were building, Reuters reported. The bank's Monetary Policy Committee (MPC) raised the deposit rate to 16.25% and its lending rate to 17.25%, it said in a statement. "The MPC judges that demand side…

Asharq Al-Awsat · Dec 23, 2022

NSW sets new emissions target to become 'engine room' of low carbon global economy

The New South Wales government is ramping up its fight against climate change by setting a new target to cut greenhouse emissions by 70 per cent by 2035.

ABC News · Dec 22, 2022

BLS upbeat on Thai stock market rebound next year

Bualuang Securities (BLS) is bullish on the Thai stock market outlook next year as the local economy is on the recovery path while inflation and interest rates are starting to moderate.

Bangkok Post · Dec 22, 2022