May 2024

IMF Rises China’s 2024 Growth Forecast to 5%

China’s economic growth is projected to “remain resilient” at 5% this year, driven by its strong first-quarter data and recent policy measures, the International Monetary Fund (IMF) said after its team concluded a visit to the country.

That forecast …

Read More

Dollar Rises ahead of US Inflation Data

The dollar rose on Wednesday on rising expectations the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks.

The dollar was also lifted by ri…

Read More

Kingdom and Austria Sign MoU for Economic Cooperation

Vienna: The Saudi Ministry of Economy and Planning and the Ministry of Labor and Economy in Austria have signed a memorandum of understanding (MoU) to enhance economic cooperation between the two countries on the sidelines of the work of the ninth ses…

Read More

Kingdom and Austria Sign MoU for Economic Cooperation

Vienna: The Saudi Ministry of Economy and Planning and the Ministry of Labor and Economy in Austria have signed a memorandum of understanding (MoU) to enhance economic cooperation between the two countries on the sidelines of the work of the ninth ses…

Read More