Goldman asks: What if Lebanon is forced to restructure debt?

New York: Goldman Sachs Group Inc. still sees an imminent debt restructuring in Lebanon as unlikely but is already turning its attention to how much investors could recover as one of the world’s most indebted countries teeters on the brink of financial crisis. Under Goldman’s base scenario, foreign investors would recover 35 cents on the […]

World Bank cuts global growth forecast amid US-China trade conflict

Washington: Growth of the world economy is expected to slow as the US-China trade conflict takes its toll and undermines confidence, the World Bank said Tuesday in its semi-annual forecast. The World Bank cut the global GDP forecast to 2.9 per cent this year and 2.8 per cent in 2020, slightly below the previous forecast, […]

India emerges as Dubai’s second-largest investor in FDI capital

Dubai: As part of major push to boost foreign direct investment to Dubai, the emirate’s leading business entities in trade and investment, real estate and start-up development comprising more than 80 companies visited India recently as part of a delegation led by Dubai Investment Development Agency (Dubai FDI). The delegation held seminars and meetings in […]