Tuesday 27 September 2016
 
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OECD

Central banks nearing limits of ability to stimulate growth

The world's central banks are "pretty close" to the limits of their ability to stimulate economies, Angel Gurria, head of the Organization for Economic Co-operation and Development (OECD), said on Saturday. In the ab

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IEA sees oil market balance in H2, stock build next year

The oil market is now in balance thanks to unplanned outages and robust demand, particularly from emerging economies, but this equilibrium will tilt into surplus again early next year, the International Energy Agency said on Tuesday.

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Oil rises on signs of tightening market

Oil prices rose on Monday, extending sharp rises from the end of last week following a decline in US inventories and drilling, while outages and hopes that exporters could freeze output boosted international prices. Analysts also

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Oil rises on signs of tightening market

Oil prices rose on Monday, extending sharp rises from the end of last week following a decline in US inventories and drilling, while outages and hopes that exporters could freeze output boosted international prices. Analysts also

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OECD cuts 2016 world GDP growth forecast to 3pc

Paris-based Organisation for Economic Co-operation and Development (OECD), a think tank funded by wealthy countries, cut its 2016 global growth forecast to 3 per cent in its interim economic outlook, from the 3.3 per cent it forecast in November

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Richest 62 people own same as half world's population

The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and the poor poorer, an international charity said on Monday. The wealth of the richest 62 p

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UAE tops official development assistance donors

The UAE has been ranked first globally as the largest international donor of official development assistance, with a total of Dh18.36 billion ($4.9 billion) of developmental aid last year, according to a report.  

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Bahrain women’s conference “a big success”

A global conference on women jointly hosted by the Supreme Council for Women and Organization for Economic Development (OECD) in Bahrain has been declared a resounding success by its organisers.    Themed &l

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Climate plans of poorest nations to cost $1 trillion

The world's 48 poorest countries will need to find around a trillion dollars between 2020 and 2030 to achieve their plans to tackle climate change - and those plans should be a priority for international funding, researchers said.

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Global CO2 emission cutting plans ‘not enough’

Plans published by rich nations and major emerging countries to cut greenhouse gas emissions are not enough to limit a rise in global temperatures to 2 degrees Celsius (3.6 Fahrenheit), the Organisation for Economic Cooperation and Development s

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