Articles and news
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Oil Falls on Concerns about Rising Supply
Oil prices fell yesterday as concern over a global supply glut intensified after OPEC Secretary General Abdullah Al-Badri indicated that the organization…
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India Faces Concern over Rising Consumer Prices
Recent developments suggested that India’s economy was in good shape with a positive outlook. Real GDP grew by an unusually strong 7.5 percent year on year,…
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OECD Lowers Its Global Growth Forecast
The Organization for Economic Cooperation and Development cut its forecast for global growth this year. It nevertheless expected lower oil prices to help…
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Oil Prices Rise on Strong Demand
Crude oil prices rose today, supported by strong demand, after falling in early trading on expectations that the Organization of the Petroleum Exporting…
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Amazon to Hire 6,000 People in the United States
US online retail giant Amazon announced that it would hire 6,000 full-time employees in the United States to meet strong demand, particularly in…
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Euro and Yen Recover After a Week of Declines
The euro and yen recovered on Wednesday after a week of declines that had pushed the dollar to its highest levels in more than a month and revived…
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Britons to Nominate the Next Face of the £20 Banknote
The Bank of England said on Tuesday that British citizens would, for the first time, help determine the historical figure—this time a creative figure—whose…
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Saudia Announces a Five-Year Transformation Plan
Saudi Arabian Airlines Director General Saleh bin Nasser Al-Jasser announced the launch of the company’s journey, “SV 2020: Together We Shape Our Future,”…
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Oil Prices Rebounded in April as US Production Growth Slowed
Oil prices rose about 20 percent in April amid signs of slower US production growth. Commercial oil inventories fell as the number of US drilling rigs…
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World Bank Presents Plans to Support Mortgage Finance in Egypt
World Bank representatives taking part in the second conference of the public-private Development Partnership initiative, titled “Partners in Developing…