Global growth is expected to slow down due to the rise of inflation, disruptions caused by the Russia invasion of Ukraine, and reduced investment (World bank report). Unfavorable economic conditions are expected to cause the global economy ...
The rapid emergence and growth of hydrogen has highlighted the unique opportunity that the world must make hydrogen an integral part of the energy future. In the 21st century, hydrogen is expected to become a vital component of the industri...
G7 countries finally set the highly anticipated price restriction on Russian oil at $60 per barrel on December 3, 2022. This price ceiling applies to crude oil, petroleum oils, and oils derived from bituminous materials produced in or expor...
Oil, which accounts for approximately 3% of global GDP, is regarded as one of the most important commodities in the world, as it powers everything from everyday items such as crayons, credit cards, paints, and pens to high-end items such as...
The People's Republic of China's economic ties with Africa up to the late 1970s were motivated by ideological imperatives but the political elite in China now sees the continent's economic ties as a way to advance the nation's development o...
Even at times of high global uncertainty, Bangladesh has a good track record of growth and development. Over the last two decades, rapid economic growth has been supported by a robust demographic dividend, strong ready-made garment (RMG) ex...
On August 18, 2022, Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal left for Iran on a four-day visit. He evaluated the first phase of the Chabahar port's development, connected with the top officials from Central Asian ...
Recently, Saudi Arabia and its OPEC Plus allies, including Russia, agreed to an unexpected drop in the oil supplies, which will result in the soaring up of oil prices worldwide. The move is seen as a rebuke to the statement made by United S...
The depletion of the country's foreign exchange reserves will increase external sector vulnerabilities. The euphoria that was generated by the large increase in these reserves over the past few years has started to fade. The factors that co...
Liz Truss, the UK's foreign minister, was elected as the new leader of the country's Conservative Party. She will now be responsible for navigating the country's economic crisis. She will also be responsible for addressing the country's for...
In the past decade, China has lost growth in double-digits. In comparison to previous months, the GDP went down from April to June although it barely topped in the same quarter too. In this regard, economists are of the view that factories ...
During a speech at the US-Arab summit in Jeddah, Crown Prince Mohammed bin Salman stated that Saudi Arabia will not have any more ability to boost its oil output beyond 13 million barrels per day. Saudi Arabia now has an oil production capa...
