Business & Economy

Egypt claims it is past inflation peak

Economy responding ‘very, very nicely’ to reform measures, central bank chief says Dubai, Cairo: Egyptian Central Bank Governor Tarek Amer said inflation in the most populous Arab country has peaked after policy makers responded to the surge in prices by raising borrowing costs to the highest level in more than a decade. “We are in the right direction and we ...

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Maharashtra to become trillion-dollar economy, says Fadnavis

Fadnavis noted that the state has always been a leader in industry and business in the country. Mumbai: Maharashtra is on track to become a trillion-dollar economy, given the impetus to infrastructure development in the last three years, Chief Minister Devendra Fadnavis said on Monday. The state attracted more than half of the total foreign direct investment (FDI) in the ...

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Maharashtra on track to become a trillion-dollar economy: Fadnavis

Mumbai: Maharashtra is on track to become a trillion-dollar economy, given the impetus to infrastructure development in the last three years, Chief Minister Devendra Fadnavis said on Monday. The state attracted more than half of the total foreign direct investment (FDI) in the country last fiscal, Fadnavis said at an industry event. “Maharashtra is on track to become a trillion-dollar ...

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Saudi to launch Future Investment Initiative event

DUBAI: The Public Investment Fund of the Kingdom of Saudi Arabia (PIF) announced Monday the launch of the Future Investment Initiative (FII) under the patronage of King Salman. Hosted and organized by PIF, the Kingdom’s main investment arm and one of the world’s leading sovereign wealth funds, the FII will take place from Oct. 24 to 26, 2017, in Riyadh. ...

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Maharashtra on track to become a trillion-dollar economy: Devendra Fadnavis

Maharashtra is on track to become a trillion-dollar economy, given the impetus to infrastructure development in the last three years, Chief Minister Devendra Fadnavis said today. The state attracted more than half of the total foreign direct investment (FDI) in the country last fiscal, Fadnavis said at an industry event. “Maharashtra is on track to become a trillion-dollar economy, given ...

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DATA STORY: Young India set to replace China as Asia’s superpower

Shubham Raj Moneycontrol News In the coming decade, India will come to supply over ‘half of the increase in Asia’s potential workforce’, according to a report by Deloitte LLP. Thanks largely to its young population, who won’t be getting older any time soon, India is set to become an economic superpower. Currently, about one-third of India’s working age population are ...

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Small and medium enterprises: Pulse of the Saudi economy

Small and medium enterprises (SMEs) play a pivotal role in any economy, generating jobs, and contributing to growth. Saudi Arabia has long realized the importance of providing a nurturing environment to these entities, outlining clear objectives in its Vision 2030. Under Saudi Vision 2030, the Kingdom plans to raise the contribution of SMEs from the current 20 percent of GDP ...

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Prepare for economy without oil – Akande tells fed govt

Saharacable A former Governor of Osun State, Chief Bisi Akande, has urged the Federal Government to explore other sources of revenue, warning that the income from crude oil will further decrease, especially with the United States and other buyers converting to electric-powered vehicles. Akande, who gave the warning in an address on Friday in Osogbo at a conference on the ...

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