Adam Rijal, spokesperson for the Coordination for Displaced Persons and Refugees in Darfur, said that there had been a rise in malnutrition rates among children and pregnant women in displacement centers across the region, the Sudan Tribune reported on Saturday. With data from the World Health Organization indicating that 3.5 million Sudanese children are … Read more
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
AI will drive efficiency amid global economic slowdown, leading financiers tell FII Priority Summit MIAMI: The chiefs of four of the world’s leading corporations stressed on Thursday, during the first day of the Future Investment Initiative Miami Summit, that while artificial intelligence has the potential to drive higher investment and economic growth across the world … Read more
Optimism and adaptability set Saudi and Gulf markets apart in dealing with disruption, says business leader DAVOS: Businesses around the world, and in the Middle East region, are getting better at coping with disruption amid the impact of factors such as geopolitical unrest, the COVID-19 pandemic, supply chain instability, worker shortages and inflation, according to … Read more
RIYADH: Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent. According to Moody’s, the rating reflects the losses incurred due to Lebanon’s ongoing default since March 16, 2020. The country has steeped in an economic, financial and … Read more