Fitch downgrades China’s outlook to negative on economic growth risks 

RIYADH: Buoyed by the millions of Umrah performers and worshippers throughout the holy month of Ramadan, Saudi Arabia braces for a surge in travel for Eid Al-Fitr.  The spike is expected to result in a significant rise in the number of arriving and departing passengers from key Umrah airports.  Air travel between the UAE and … Read more

Bank of Japan ends negative rates, farewells era of radical policy

TOKYO: The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus, according to Reuters. While the move was Japan’s first interest rate hike in 17 years, it still keeps … Read more

Govts, business leaders should not be beholden to negative economic forecasts: WEF panel

ISLAMABAD: Pakistan said on Friday it did not want to escalate a standoff with Iran, as Islamabad’s top civilian and military leadership gathered to review the situation after both countries exchanged strikes on militant bases on each other’s territory.Caretaker Prime Minister Anwaar ul Haq Kakar has begun a meeting of the high-powered National Security Committee, … Read more