economy

Oman’s Tourism Boom, A Catalyst for Economic Growth and Foreign Exploration

Oman's tourism sector experienced a remarkable resurgence in 2022, with a 47.3% increase in income, soaring to RO1.9 billion. Domestic…

2 years ago

The Delicate Balancing Act of Interest Rates, Bank of England’s Dilemma Amidst Persistent Inflation

Navigating the complexities of persistent inflation, the Bank of England faces a crucial dilemma. While some economists argue for sustained…

2 years ago

Rethinking the Role of Wage Growth in the UK’s Economic Recovery

Given the evolving economic landscape, the Bank of England's current emphasis on restraining wage growth warrants reconsideration. As inflation and…

2 years ago

Bank of England Empowers Stablecoin Supervision in Financial Paradigm Shift

The Bank of England is taking a prominent role in reshaping the landscape of stablecoin regulations, marking a significant shift…

2 years ago

Legal Battle Over Student Loan Forgiveness Intensifies as Conservative Groups Challenge Biden’s Plan

A legal battle is heating up as conservative groups challenge the Biden administration's move to cancel $39 billion in student…

2 years ago

Tensions Rise as Kuwait and LebanonClash Over Minister’s Comments

A diplomatic disagreement has unfolded between Kuwait and Lebanon, sparked by comments made by Lebanon's caretaker Economy Minister, Amin Salam.…

2 years ago

PDO’s Nimr Cluster Celebrates Historic Milestone with 1,500th Well Drilled

Petroleum Development Oman (PDO) reaches a significant milestone as it drills its 1,500th well at the Nimr Oil Field, marking…

2 years ago

Hyundai and Kia Recall 91,000 US Vehicles Over Fire Risks

Hyundai Motor and Kia have issued a recall for over 91,000 vehicles in the US due to fire risks. The…

2 years ago

BPI’s Vybe E-Wallet Emerges as a Game-Changer in the Philippine Banking Landscape

BPI, the Bank of the Philippine Islands, aims for exponential growth with the launch of Vybe, its innovative mobile wallet.…

2 years ago

Kuwait and the United States Eye Strengthening Defense Cooperation

Kuwait and the United States unite for a stronger future! In a recent conversation between Kuwait's Deputy Prime Minister and…

2 years ago