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IMF lifts 2023 growth forecast with boost from China reopening
Jan 31, 2023
WASHINGTON — Global growth is set to be higher than expected this year, the IMF said on Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-COVID restrictions provides another boost.World growth has been bogged down by fallout from Russia's invasion of Ukraine last year, economic downturns an ...
Fight climate change without slowing growth, says UAE's COP28 chief
Jan 30, 2023
ABU DHABI — The fight against global warming should not be at the expense of economic ...
Sudanese tighten belts as economic crisis grinds on
Jan 29, 2023
KHARTOUM — As Sudan's economic crisis drags on, grocer Hassan Omar keeps busy cleanin ...
Arab Bank Group reports net profits of $544.3m for 2022
Jan 28, 2023
AMMAN — Arab Bank Group achieved “solid results” for the period ending December 31, 2022, with net income after tax of $544.3 million as com ...
Small businesses, big dreams: Iraq's women entrepreneurs
Jan 26, 2023
BAGHDAD — The sewing machines and fabric that surround Alaa Adel at her "Iraqcouture" studio in Baghdad are testament to her success in deep ...
Lebanese protest central bank chief as pound hits new low
Jan 25, 2023
BEIRUT — Lebanese protesters on Wednesday blocked roads and burnt tires near the central bank in Beirut as the weakened local currency plumm ...
EasyJet hikes profit forecast on demand boom
Jan 25, 2023
LONDON — British airline EasyJet hiked on Wednesday its annual profit guidance after record demand and falling quarterly losses, as customer ...
US auto giant Ford to axe 3,200 jobs in Germany — union
Jan 24, 2023
BERLIN — US auto giant Ford is planning to axe 3,200 jobs in Germany, a union said on Monday, adding it was extremely concerned about the fu ...
CBJ sets new ceiling for contactless payments
Jan 23, 2023
AMMAN — The Central Bank of Jordan (CBJ) has allowed all banks operating in the Kingdom and e-payment companies to set a new ceiling for con ...
Uber ordered to pay French drivers up to $21.7m compensation
Jan 22, 2023
LYON — App-based taxi service Uber has been ordered to pay up to 20 million euros ($21.7 million) compensation to drivers in the French city ...
UK retail sales slide on cost-of-living crisis
Jan 21, 2023
LONDON — UK retail sales sank over the key Christmas trading period as consumers tightened belts in a cost-of-living crisis sparked by sky-h ...
2023 economy will be 'a lot better than feared' — Lagarde
Jan 19, 2023
DAVOS — The eurozone economy will fare "a lot better" this year than initially feared, European Central Bank (ECB) chief Christine Lagarde s ...
National consumer protection society calls for abolishing renewable energy taxes
Jan 18, 2023
AMMAN — The National Society of Consumer Protection (NSCP) has called on the government to abolish the taxes in the renewable energy sector, ...

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