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Tag : GDP growth

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Pakistan bears largest share of rising MENAAP poverty

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– Pakistan accounts for about 48% of people living in extreme poverty across the Middle East, North Africa, Afghanistan and Pakistan region, according to the World Bank’s October 2026 economic update. The measure uses the...
Egypt’s central bank cuts interest rates by 200 basis points
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Egypt’s central bank cuts interest rates by 200 basis points

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Egypt’s central bank cut its benchmark interest rates by 200 basis points on Thursday, bringing the overnight deposit rate to 22 percent and the lending rate to 23 percent, as policymakers moved to ease monetary...
EU emissions up as economy expands in late 2024
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EU emissions up as economy expands in late 2024

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Greenhouse gas emissions across the European Union rose by 2.2% in the fourth quarter of 2024, reaching an estimated 897 million tonnes of CO2-equivalents, according to data released by Eurostat. This represents an increase from...
World Bank sees India as a key driver of global economic growth
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World Bank sees India as a key driver of global economic growth

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The World Bank has reaffirmed its confidence in India's economic potential, emphasizing that the country remains a key investment destination despite minor fluctuations in its growth trajectory. Speaking at the Advantage Assam 2.0 Business Summit,...
Russian economy sees 4.2% growth in the first eight months of 2024
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Russian economy sees 4.2% growth in the first eight months of 2024

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MENA Newswire News Desk: Russia’s gross domestic product (GDP) grew by 4.2 percent during the first eight months of 2024, Prime Minister Mikhail Mishustin announced at the Made in Russia Export Forum. The rise in GDP...
World Bank predicts 4.8 percent expansion in UAE's non-oil sector in 2023
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World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023

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The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its non-oil sector in 2023, contributing to an overall GDP growth...