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31 Jan 17
Saudi Arabia is to implement a VAT in the kingdom for the first time in an effort to cut Riyadh’s budget deficit.
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31 Jan 17
Uganda should avoid the “curse” of corruption and fraud that has plagued other African oil producers by ensuring transparency and accountability, the head of the International Monetary Fund has said...
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19 Jan 17
The International Monetary Fund has slashed Saudi Arabia’s 2017 growth forecast by 1.6 percentage points this week, as OPEC-agreed cuts to oil production weigh on the country’s already struggling...
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8 Dec 16
It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
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5 Dec 16
Venezuela is to introduce a new bank note worth 200 times its current, highest denomination in a bid to ease transactions in its rapidly inflating economy.
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1 Dec 16
Ratings agency Fitch has applauded oil cartel OPEC’s deal to cut production for the first time since the financial crisis as a big step towards stabilising depressed prices, but only if producers can...
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31 Aug 16
The Nigerian economy has officially gone in to recession after figures published today showed a 2.06% contraction in the second quarter of 2016.
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23 Aug 16
The global crash in commodity prices presents an opportune moment for local governments in Africa to make their areas more attractive to oil and gas investors, PricewaterhouseCoopers has said.
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19 Aug 16
Nigeria’s oil production is currently 640,000 barrels per day behind the amount needed to fund its record $30bn budget.
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18 Jul 16
A host of Nigerian experts have called for a review of the country’s tax system, which collects significantly less than it could.
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12 Jul 16
Venezuela’s government has announced it will seize a factory whose owner, the US personal care company Kimberly-Clark Corp, said it could no longer operate due to the nation’s economic crisis.
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23 Jun 16
Commencing commercial oil production in Uganda could drive the country’s socio-economic transformation if the proceeds are well managed, the World Bank has said.
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14 Jun 16
Canada’s government continues to have a strong fiscal position despite global fall in commodity prices, but more investment is needed to support long-term economic growth, a review from the...
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9 Jun 16
The Venezuelan government has said it will begin distributing food directly to families in the capital Caracas as the country’s economic crisis brings hungry protestors out in droves every day.
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8 Jun 16
The World Bank has cut its global growth forecasts for 2016 to 2.4%, from the already modest 2.9% it predicted in January.
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16 May 16
Moody's has downgraded Saudi Arabia’s credit rating as the oil price slump hits the kingdom’s public finances.
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26 Apr 16
Saudi Arabia has unveiled an ambitious plan to overhaul the country’s economy and end its “addiction to oil”.
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12 Aug 15
The lifting of economic sanctions on Iran in exchange for guarantees that the country will not develop nuclear weapons will, if managed well, lower oil prices and expand the economy, the World Bank...
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5 Aug 15
The United Arab Emirates’ “safe haven” status and its prudent economic policies have helped protect it against the fall in oil prices, the International Monetary Fund said.
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29 Jun 15
The huge decline in oil prices has been good for Western economies but will present oil-exporting nations in the Gulf with some significant fiscal challenges.
31 Jan 17Saudi Arabia is to implement a VAT in the kingdom for the first time in an effort to cut Riyadh’s budget deficit.
31 Jan 17Uganda should avoid the “curse” of corruption and fraud that has plagued other African oil producers by ensuring transparency and accountability, the head of the International Monetary Fund has said...
8 Dec 16It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
5 Dec 16Venezuela is to introduce a new bank note worth 200 times its current, highest denomination in a bid to ease transactions in its rapidly inflating economy.
1 Dec 16Ratings agency Fitch has applauded oil cartel OPEC’s deal to cut production for the first time since the financial crisis as a big step towards stabilising depressed prices, but only if producers can...
31 Aug 16The Nigerian economy has officially gone in to recession after figures published today showed a 2.06% contraction in the second quarter of 2016.
19 Aug 16Nigeria’s oil production is currently 640,000 barrels per day behind the amount needed to fund its record $30bn budget.
18 Jul 16A host of Nigerian experts have called for a review of the country’s tax system, which collects significantly less than it could.
12 Jul 16Venezuela’s government has announced it will seize a factory whose owner, the US personal care company Kimberly-Clark Corp, said it could no longer operate due to the nation’s economic crisis.
14 Jun 16Canada’s government continues to have a strong fiscal position despite global fall in commodity prices, but more investment is needed to support long-term economic growth, a review from the...
8 Jun 16The World Bank has cut its global growth forecasts for 2016 to 2.4%, from the already modest 2.9% it predicted in January.
26 Apr 16Saudi Arabia has unveiled an ambitious plan to overhaul the country’s economy and end its “addiction to oil”.
12 Aug 15The lifting of economic sanctions on Iran in exchange for guarantees that the country will not develop nuclear weapons will, if managed well, lower oil prices and expand the economy, the World Bank...
5 Aug 15The United Arab Emirates’ “safe haven” status and its prudent economic policies have helped protect it against the fall in oil prices, the International Monetary Fund said.
