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Business

France’s mounting debt: Is Europe next?

France's soaring borrowing costs and political divisions raise fears of a wider Eurozone debt crisis.

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Business

IMF identifies 6 buffers helping Gulf economies withstand oil shocks

According to the IMF, Gulf economies have demonstrated resilience during a significant oil crisis, thanks to six economic buffers including diversified export routes, economic diversification, and substantial financial reserves. However, prolonged challenges may deplete these buffers, necessitating swift government actions and regional cooperation to maintain stability. Projections indicate varying impacts on individual economies, with Saudi Arabia expected to grow while others like Bahrain and Iraq face severe contractions.

Arab News