Tuesday, October 13, 2026Jumada I 2, 1448 AH

العربية
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Business

Germany confirms role in IEA energy reserves release

Middle East EyeBy Elis Gjevori

Germany confirms role in IEA energy reserves release Germany’s economy ministry says the country will take part in the release of emergency energy stocks agreed by the International Energy Agency in March. “The implementation of the release is currently being processed,” a ministry spokesperson told Reuters in an emailed statement on Wednesday. The announcement follows a separate G7 agreement last week, reached under US pressure, to draw 100 million barrels of crude oil and diesel from emerg…

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IMF says AI investment propping up global growth, but war and debt threaten outlook

By David LawderBANGKOK, Oct 13 (Reuters) - The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising debt loads, the International Monetary Fund said on Tuesday.Despite a more protracted conflict that has kept oil prices above $100 a barrel, the IMF is forecasting 2026 global growth at 3.1%, a slight uptick from the 3.0% it predicted in July.

Al-Monitor