Economic news

China's Xi Jinping to visit Pakistan, invest $46 billion Chinese President Xi Jinping is heading to Islamabad, where he will unveil investments worth $46 billion....

Government to pump cash into railways The government has announced new cash for the Swedish railways. The money, to be spent on track maintenance, will...

Qatar's 2015 growth to rise to 7% despite low oil prices: IMF The International Monetary Fund (IMF) expects Qatar's growth to rise to around 7...

New inflation figures for Qatar hint at expensive year for tenants The cost of living in Qatar remained largely the same from January to February,...

Saudi Arabia, Kuwait, the United Arab Emirates and Oman on Friday pledged a combined $12.5 billion in aid to stimulate the Egyptian economy during...

Fitch upgrade confirms strength of Qatar's economy: Finance Minister Doha / london - The Minister of Finance HE Ali Shareef al Emadi said Saturday that...

Survey: Qatar residents hope job growth will help offset rising costs People in Qatar are the most upbeat in the region when it comes to...

Cairo, Moscow to build 1st nuclear plant in Egypt Egyptian President Abdel-Fattah el-Sisi (R) shakes hands with his Russian counterpart Vladimir Putin during their meeting...

Siemens to cut 7,800 jobs globally Engineering giant Siemens has announced another round of massive cutbacks as it continues its aggressive push to overhaul its...

Oil export losses to reach $300 billion in Middle East Oil prices are now hovering near six-year lows amid expectations of an abundance of supply...

Facebook report says it adds more than $200 billion to global economy (Reuters) - With 1.35 billion users of its Internet social network, Facebook Inc...

Moody's downgrades Russia amid oil slide Moody's Investors Service has cut its rating for Russian government bonds by one notch, putting them a rung above...

Egypt considers gas imports from Israel Egypt is going through its worst energy crisis in decades and is seeking fresh sources of natural gas. (Shutterstock) Egypt...

Saudi projects 2015 budget deficit of 145b riyals Dubai: Saudi Arabia projected a budget deficit of 145 billion riyals (Dh141.98 billion) in 2015 for the...