Economy
Dubai: The World Bank Group announced two new initiatives to improve access to start-up financing and e-commerce markets for women entrepreneurs, at the Women Entrepreneurs Finance Initiative (We-Fi) Middle East and North Africa (MENA) Summit. more
Chinese firms achieve 'little success' in Karachi expo, says The Economist report

Beijing: Despite sharing strong bonds among themselves as all-weather alliance partners, several Chinese firms recently faced troubles in a Karachi expo, hinting the underlying difference ...

Globally Bangladesh is a model for poverty reduction: World Bank

Dhaka: The World Bank reiterated its commitment to help Bangladesh sustain high economic growth, as the World Bank Vice President for South Asia, Hartwig Schafer concluded a three-day vis ...

Afghanistan improves its growth despite uncertainty, says World Bank

Washington: Afghanistan’s economy grew by an estimated 2.9 percent in 2019, driven mainly by strong agricultural growth following recovery from drought, but lingering political unce ...

Nearly half a billion people can’t find decent work; unemployment set to rise: new UN labour report

New York: Around half a billion people work fewer paid hours than they would like, or are not getting enough access to paid work, shows a study published by the International Labour Organ ...

Global economy likely to grow 2.5 pct in 2020, if risks kept at bay: UN report

United Nations/Xinhua: The global growth of 2.5 percent in 2020 is possible, but a flareup of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a r ...

Oil prices down 5 pc on year amid supply worries

New York/Sputnik: Oil prices closed down for a fifth day in a row, falling as much as 5 percent on the year, as traders and investors focused on the possibility of oversupply in crude ami ...

WFP calls for increased support as eight million in Zimbabwe face hunger

New York: The World Food Programme (WFP) is calling on countries to step up support to Zimbabwe, where millions of people are facing hunger brought on by prolonged drought and economic me ...

Lesotho: Tens of thousands ‘one step away from famine’ as drought impacts harvests and UN launches flash appeal

New York: Devastating drought in the southern African nation of Lesotho has left more than half a million people facing severe food shortages and tens of thousands “one step away fr ...

Bangladesh needs climate smart investments for higher agricultural growth: World Bank

Dhaka: Climate change and sea-level rise pose a serious threat to Bangladesh’s impressive growth in agricultural productivity. To address impacts of climate change on agriculture as ...