Financial Markets
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Economy
Bloomberg: Saudi Aramco Nears $10B International Loan
DID Press: Saudi oil giant Saudi Aramco is close to reaching a $10 billion credit agreement with international banks to strengthen its liquidity and address risks and losses stemming from the war in Yemen, Bloomberg has reported. Although the new…
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Economy
UK Chancellor Warns Iran War Is Putting Pressure on Global Economy
DID Press: UK Chancellor John Healey has warned that the continuing war between the United States and Iran is placing significant pressure on Britain and the global economy, with rising energy prices threatening to fuel inflation and weaken economic growth.…
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Economy
74% of Central Banks Expect Decline in Dollar Share of Global Reserves
DID Press: A new international survey of reserve managers indicates that around 74% of central banks expect the US dollar’s share in global foreign exchange reserves to decline over the next five years, reflecting a broader shift in global financial…
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Economy & Development
ADB Approves $700M Loan to Reform Pakistan’s Insurance Sector
DID Press: Asian Development Bank has approved a $700 million financing package aimed at supporting major reforms in Pakistan’s insurance industry, with a focus on expanding coverage, strengthening financial resilience, and modernizing regulatory frameworks. According to the ADB, the program…
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Economy
WEF Survey Warns of Global Recession and Inflation Risks
DID Press: A new survey by the World Economic Forum shows that leading global economists are increasingly pessimistic about the outlook for the world economy, warning of weaker growth and persistent inflation amid rising geopolitical tensions. According to the report,…
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