saudi arabia aims to become a cashless society Saudi Arabia aims to become a ‘cashless society’

15:01 | 26/02/2019 Global Economy

Saudi Arabia aims to reduce the dependence on cash circulation through the continuous development of the national payment infrastructure to facilitate the transition to an electronic payment environment, said Dr Ahmed Abdulkarim Alkholifey, Governer of Saudi Arabian Monetary Agency (Sama).
trump delays increase in tariffs on chinese goods cites progress in talks Trump delays increase in tariffs on Chinese goods, cites progress in talks

15:48 | 25/02/2019 Global Economy

President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods scheduled for later this week thanks to progress in trade talks and said if progress continued, he and Chinese President Xi Jinping would seal a deal.
thai baht becomes fastest growing currency in asia Thai baht becomes fastest-growing currency in Asia

15:32 | 22/02/2019 Global Economy

Thai baht surpassed others in Asia to rise by 4 percent against US dollar as of late February, and is predicted to be one of the best-performing currencies in the region. 
resumption of high level us china trade talks raises hopes Resumption of high-level US-China trade talks raises hopes

16:18 | 21/02/2019 Global Economy

The Trump administration is set Thursday to resume high-level talks with Chinese officials, aiming to ease a trade standoff that’s unnerved global investors and clouded the outlook for the world economy.
mongolias foreign trade up 416 pct in jan Mongolia's foreign trade up 41.6 pct in Jan

16:09 | 20/02/2019 Global Economy

Mongolia's goods trade rose 41.6 percent year on year in January to 1.1 billion U.S. dollars, official data showed Tuesday.
russia to deliver humanitarian aid to venezuela Russia to deliver humanitarian aid to Venezuela

16:28 | 19/02/2019 Global Economy

Russia will deliver 300 tons of humanitarian aid to Venezuela, local media reported Monday, quoting Venezuelan President Nicolas Maduro.
german economy escapes recession by the narrowest of margins German economy escapes recession by the narrowest of margins

15:49 | 17/02/2019 Global Economy

The German economy stalled in the final quarter of last year, narrowly escaping recession, as the fallout from global trade disputes and Brexit threatened to derail a decade-long expansion in Europe's economic powerhouse.
opec oil production falls as saudi arabia slashes output OPEC oil production falls as Saudi Arabia slashes output

10:27 | 13/02/2019 Global Economy

Global oil cartel OPEC said on Feb 12 it sharply reduced crude oil production last month, after heavyweight Saudia Arabia slashed output and exports fell in crisis-hit Venezuela.
indonesia sees highest economic growth in five years Indonesia sees highest economic growth in five years

15:17 | 12/02/2019 Global Economy

Indonesia posted an economic growth of 5.17 percent in 2018, the highest level in five years, according to the country’s central statistics agency.
eu slashes 2019 growth forecast EU slashes 2019 growth forecast

10:28 | 11/02/2019 Global Economy

The European Commission has slashed its 2019 growth forecast by almost a third to 1.3 percent. It has cited "global uncertainties" and "trade tensions" for its decision.
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