Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from oneAmerica's Treasury Secretary Scott Bessent revealed that Gulf and Asian nations seek currency swap lines from the US. These requests aim to...
23 Apr, 2026, 06.24 AM IST
UAE asks US for a wartime financial lifeline as Iran conflict drags: ReportThe United Arab Emirates is in discussions with the United States regarding a potential financial backstop. This measure is being considere...
20 Apr, 2026, 09.13 AM IST
Pakistan to repay USD 1.5 billion outstanding UAE debt by April 23Pakistan's central bank plans to settle a USD 1.5 billion loan with the United Arab Emirates by April 23. This move follows a USD 2 billion...
19 Apr, 2026, 09.18 PM IST
Iran war has revealed Trump's pressure point: the economyIran's actions in the Strait of Hormuz have revealed a key vulnerability for President Trump. The conflict has led to rising energy costs a...
18 Apr, 2026, 10.35 AM IST
For a few billion dollars, Pakistan has landed in dire straitsPakistan is facing big economic stress after the UAE has demanded repayment of a multibillion-dollar deposit. This has strained the country...
15 Apr, 2026, 12.03 AM IST
Pakistan says all options on table for funding, weighs strategic fuel reservePakistan is exploring various financing options, including Eurobonds and commercial debt, to replace a $3.5 billion UAE facility and bolste...
14 Apr, 2026, 08.43 AM IST
Iran war leaves crisis-scarred countries counting the costIran war: Sri Lanka, Egypt, and Pakistan are struggling with rising energy costs. The Iran war has worsened their economic situations. Thes...
13 Apr, 2026, 10.47 AM IST
Iran's economy was weak before the war, now it's worseIran’s economy, already under strain with nearly 50% inflation, has worsened sharply after more than five weeks of war. Prices of basic goo...
09 Apr, 2026, 07.01 AM IST
'Dubai may become part of Akhand Bharat': Pakistan Senator Mushahid Hussain after UAE demands $3.5 billion loan repaymentPakistan Senator Mushahid Hussain has cautioned the United Arab Emirates. He warned about the UAE's growing relationship with India. Hussai...
07 Apr, 2026, 04.59 PM IST
"Messenger at best": Former diplomat Sunjay Sudhir calls out Pakistan's 'mediator' bluffPakistan’s claims of mediating the Iran-US conflict face a reality check as Iran rejects engagement via Islamabad. Former envoy Sunjay Sudh...
05 Apr, 2026, 02.00 PM IST
UAE says has no plan for now to increase VATSaudi Arabia, the United Arab Emirates and Bahrain have already introduced the tax, with Riyadh tripling it this year. Oman said last month...
10 Nov, 2020, 04.21 PM IST
Mideast debt, unemployment to spike in virus recession: IMF"The COVID-19 pandemic and the plunge in oil prices are causing significant economic turmoil in the region ... the impact could be long las...
15 Apr, 2020, 05.01 PM IST
IMF chief warns of high Arab public debtLagarde said public debt among Arab oil importing nations had increased from 64 percent to 85 percent of Gross Domestic Product in the deca...
09 Feb, 2019, 02.53 PM IST
Equipped with $340 bn reserves to weather any Arab sanction: QatarIts central bank has $40 billion in reserves plus gold, while the Qatar Investment Authority sovereign wealth fund has $ 300 billion in res...
10 Jul, 2017, 11.33 PM IST
Oil will remain at bottom: IMF chiefCrude prices will probably stay low for longer than expected, International Monetary Fund Managing Director Christine Lagarde said.
23 Feb, 2016, 05.20 AM IST
- Central banks warn of new crisis if exit left too late
Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from ...
28 Jun, 2010, 06.34 PM IST
- Dubai World in deal to rejig $23.5-bn debt
Dubai World, the state-owned holding company, reached an agreement with creditors to restructure $23.5 billion of liabilities as it seeks t...
21 May, 2010, 01.24 AM IST