Economic reports
MENA non-resident capital flows to rise to $200 bln in 2019 on reforms: IIF
Reem Abdellatif Ongoing economic reforms and incentives in the Middle East and North Africa (MENA) are expected to attract more capital from non-residents to the region, the Institute of International Finance (IIF) said in a recent report. Capital flows from non-residents to MENA are expec
Irish Food Companies Face $100 Mln in Extra Taxes After US Slaps Hefty Tariffs on EU Goods – Report
Trade tensions between the EU and the US have been mounting since Washington introduced tariffs on steel and aluminium imported from Europe on May 31, 2018. A month later, the bloc retaliated with 25 percent tariffs on US motorcycles and other items, including whiskey. The US’ new tariffs on
Theguardian : World economy is sleepwalking into a new financial crisis, warns Mervyn King
Larry Elliott in Washington The world is sleepwalking towards a fresh economic and financial crisis that will have devastating consequences for the democratic market system, according to the former Bank of England governor Mervyn King. Lord King, who was in charge at Threadne
Facebook’s Libra cryptocurrency faces new hurdle from G7 nations
London, Washington - Facebook’s plans to launch its Libra cryptocurrency faced a new hurdle on Thursday, when the Group of Seven wealthy nations said such “stablecoins” should not be allowed to launch until the profound international risks they pose are addressed. When launc
Pound seesaws as the UK and EU reach a Brexit deal
The pound swung dramatically in currency markets on Thursday 10-17-2019 after the president of the European Commission, Jean-Claude Juncker, said Brussels had come to an agreement with Britain on a Brexit withdrawal agreement to be presented to EU leaders. Sterling rallied on news of the deal, gain
IMF urges global markets to strengthen oversight amid rising economic risks
Reem Abdellatif, John Benny The International Monetary Fund (IMF) on Wednesday10-16-2019 urged policymakers to implement better oversight and regulations to address financial vulnerabilities, just a day after the fund slashed its 2019 global growth forecast to its lowest level since 2008-2009 on ri
