Wealth inequality ‘out of control,’ with billionaires’ fortunes rising by $2.5 billion a day: Oxfam

Davos: Wealth inequality around the world is “out of control” and doing particular harm to women, anti-poverty campaigner Oxfam warned on Monday ahead of the annual gathering of business and political leaders in the Swiss ski resort of Davos. Oxfam, which has for years been trying to bring attention to the issue ahead of the […]

Saudi economy to grow slower this year on lower oil prices, production, says IMF

Dubai: The International Monetary Fund on Monday lowered its 2019 economic growth forecast for Saudi Arabia and the region over low oil prices and crude output along with rising geopolitical tensions. In its World Economic Outlook update for January, the global lender lowered its projection for Saudi Arabia’s gross domestic product growth this year to […]