Global oil demand to rise by 2.25mbpd in 2024
The Organization of Petroleum Exporting Countries, OPEC, has again expressed optimism on robust oil market growth. In its Monthly Oil...
World Economy
China firmly opposes U.S. tariff hike on Chinese goods
China has firmly opposed and lodged solemn representations over the further increase of additional tariffs on some Chinese goods by...
China launches biggest fully electric container ship
COSCO Shipping, a Chinese government-owned company, has introduced the biggest river-to-sea electric container ship ever, named the Green Water 01....
Hopes fade for production curbs in new global pact on plastic pollution
Hopes for a new global treaty to include limits on rocketing production of plastic worldwide have faded after government negotiators...
ECOWAS seeks partnership for innovative early warning solutions in West Africa
The Vice President of the Commission, Damtien L. Tchintchibidja, has led an ECOWAS delegation to Washington, D.C., USA, to foster...
ICIEC boosts agri-commodity export in member states with $75m insurance coverage
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) a Shariah-based multilateral insurer and a member of...
Asia’s growth and inflation outlook improves, but risks remain
By Krishna Srinivasan The outlook for Asia and the Pacific in 2024 has brightened: we now expect that the region’s...
Sub-Saharan Africa’s growth requires quality education for growing population
Demographic transition may be the biggest single opportunity for the economies of sub-Saharan Africa, but countries will only be able...
Global commodity prices could hurt prospects for lower inflation – W/Bank
…Says M/East conflict could stoke global inflation Omeiza Bilal Global commodity prices are leveling off after a steep descent that...
Global economy remains resilient despite uneven growth, challenges ahead
Pierre-Oliver Gourinchas Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing almost as quickly...
