Pressure mounts on Kenyan shilling amid falling forex reserves, remittances
Photograph — Brookings Institute Kenya’s shilling is under pressure due to rapidly depleting foreign reserves mainly triggered by a fall in diaspora remittances, the...
Category : Economics
Saudi foreign reserves fall to their lowest since 2011
Oil revenues in the first three months of the year posted a 24% annual decline Oil-rich kingdom slips into $9 billion budget deficit in...
Saudi Aramco bonds lose value in oil price war
A picture taken on November 3, 2019 shows Saudi Arabia’s Aramco displayed on a stock board at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi...
Dubai’s Jobs Vanish at the Fastest Pace in a Decade
Workers take a break at a construction site in Dubai. Economics By Abeer Abu Omar February 10, 2020, 4:57 AM PST Business growth in Dubai...
GM foods: The battle for Africa
Can genetically modified foods help to boost agricultural productivity and bring food security to Africa? A combination of climate change, population growth and...
Qatar’s cost of living declines 0.84% year-on-year in October
Santhosh V. Perumal *The country also witnessed a 0.83% decline in inflation on monthly basis, shows figures released by the Planning and Statistics Authority Qatar’s...
Somalia Eyes Infrastructure Boost if International Creditors Erase $5 Billion Debt
Somalia will embark on a journey to reduce poverty and establish its infrastructure if global lenders write off its debt. The country plans to build...
Kenya’s exports to Somalia hit 10-year low
Kenya’s earnings from exports to Somalia have fallen to a decade low, provisional statistics show, on the back of reduced production and diplomatic tensions arising...
3 share Nobel Prize in economics for ‘experimental approach’ to solving poverty by Jeff Stein
The Nobel Prize in economics was awarded Monday to three researchers — including the youngest-ever recipient — whose approach to alleviating global poverty has been...
Kenya’s Safaricom seeks to acquire stake in Ethiopia telco
Kenya telco Safaricom is considering buying a stake in Ethiopia’s State-owned Ethio Telecom, which has announced the sale of shares through a privatisation plan. Michael...