Oil producing countries expect global economic growth in the coming period to boost oil prices, Kuwaiti Oil Minister Ali Saleh al-Omair was quoted by the al-Qabas newspaper on Tuesday as saying.
"There is satisfaction among m
The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.
Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
Middle Eastern carriers reported a growth of 7.8 per cent in air cargo during August, a little below the year-to-date average of 9.6 per cent, the International Air Transport Association (Iata) has announced.
The Middle East conti
Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, a report said.
The number of investors believing the global economy will grow over the next 12 months was steady
Finance officials from the world's major economies believe an ambitious goal to boost global growth by $2 trillion in the next five years is within reach despite a variety of threats, including rising tensions over Russia's actions in Uk
Global investors remain confident in the outlook for economic growth despite their sharp loss of faith in China, according to the Bank of America Merrill Lynch Fund Manager Survey for July.
A net 52 per cent of respondents now exp
The International Monetary Fund trimmed its global growth forecast on Tuesday for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe.
In its mid
The International Monetary Fund on Tuesday shaved projections for global economic growth for this year and next to take into account sharp government spending cuts in the US and the latest struggles of recession-stricken Europe