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United States
Economy
World Bank secures $11 billion backing for new financial instruments to boost lending capacity
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
Markets
Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Economy
Steady labor market in the U.S. strengthens overall economy, unemployment claims remain low
Labor market changes could primarily stem from reduced hiring rather than sudden rise in terminations
Technology
Kuwait, Boeing launch technical entrepreneurship complex to empower Kuwaiti entrepreneurs
The complex enables Kuwaiti youth's access to digital systems, labs, programs
Markets
Oil prices soar $3 per barrel amid concerns of supply disruptionsÂ
Brent futures rose by $2.63, reaching $89.74 per barrel
Economy
U.S. economic activity expands slightly in April, inflation expectations remain firm: Survey
Inflation's reversed momentum sparks concern over interest rate cut timing
Markets
Oil prices stabilize after steep declines amid U.S. rate hike fears, Venezuela sanctions
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Banking & Finance
U.S. regional banks brace for commercial real estate challenges amid economic uncertainty
Non-performing CRE loans doubled to 0.81 percent by the end of 2023
Markets
Oil prices slip amid mixed signals from U.S. inventory data, geopolitical concerns
Brent oil futures fell 0.1 percent to $89.89 per barrel
Economy
IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Economy
U.S. retail sales rise 0.7 percent in March on increased gas sales
Unemployment rate falls to a low of 3.8 percent supporting spending surge
Markets
U.S. dollar surges to 5-month high as retail sales beat expectations
U.S. retail sales data released on Monday showed a 0.7 percent increase last month
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