Economic development
The Nigerian government will host the West Africa Economic Summit (WAES) 2025, a two-day regional gathering that seeks to chart a transformative course for West Africa's economic development. Scheduled from June 20 to 21, 2025, at the Abuja International Conference Centre, the summit will convene regional leaders, policymakers,
Economic growth
Cyprus is expected to achieve a budget surplus of 3.5% of GDP over the next three years, according to the country's Finance Ministry. The ministry has published a strategic fiscal policy framework for 2026 to 2028, outlining the government's economic policy goals and priorities. The
Economic growth
Economic growth in Scotland is expected to outpace the UK as a whole next year, driven by the recently signed free trade deal with India. KPMG's European Economic Outlook forecasts a 1.2% increase in Scotland's gross domestic product (GDP) in 2026, surpassing the 1.1%
Economic growth
The World Bank has revised its economic prospects report, predicting a weaker global GDP growth of 2.3% in 2025, the lowest in 17 years outside of a global recession. This downward projection is attributed to trade tensions, including US President Donald Trump's wide-ranging tariffs, which have strained
Financial markets
U.S. stocks continued to climb on Tuesday as trade talks between the United States and China entered their second day, with the S&P 500 rising 0.5 percent. The Dow Jones Industrial Average added 105 points, or 0.2 percent, and the Nasdaq composite gained 0.6
Financial markets
The financial sector in Finland has managed to remain stable, despite the uncertainty brought about by US tariffs, the threat of a slowdown in economic growth, and other geopolitical tensions. The Financial Supervisory Authority of Finland reports that the situation regarding cyber threats has remained largely calm, but fraud and
Financial markets
The Egyptian Exchange (EGX) has experienced a notable uptick in trading volume, with 200.00 million shares changing hands on Monday. This increase comes as the market shows signs of rebounding from recent fluctuations, with many investors expressing renewed confidence in the region's economic outlook. The market'
Economic growth
Pakistan's Finance Minister Muhammad Aurangzeb presented a landmark budget of 175 trillion rupees for the 2025-26 fiscal year in the National Assembly, amidst opposition protests. The budget aims to boost economic growth, reduce financial burdens, and strengthen the country's global reputation. Finance Minister Aurangzeb emphasized the
Economic growth
The World Bank has revised its forecast for Egypt's economic growth in 2024 to a modest 2.4%, down from its previous estimate of 3.8% in 2023. Although a moderate recovery is expected in the years ahead, Egypt's growth rate is projected to lag behind
Financial markets
Indonesia's official reserve assets continued to demonstrate resilience, reaching USD 152.5 billion by the end of May 2025. This buoyancy was largely driven by tax and services receipts, oil and gas collections, and the government's timely debt payments. Bank Indonesia's stabilization efforts to
Financial markets
Trading in shares of IFA Hotels and Resorts has resumed after the company disclosed the results of its recent Board of Directors meeting. The announcement was made on June 9, 2025, allowing investors to once again buy and sell shares of the company on the Dubai Financial Market. The temporary
Financial markets
Despite global challenges, including geopolitical tensions and climate shocks, the Reserve Bank of India (RBI) has predicted that India will be the fastest-growing economy globally in 2025-26, with projected real GDP growth of 6.5 per cent. The central bank also expects inflation to remain within the target range of
