عربي English Türkçe اردو فارسى
Logo
Latest News
Business

IMF Chief Says Global Inflation to Fall, Trade Integration is Needed

International Monetary Fund (IMF) managing director Kristalina Georgieva gestures as she speaks during the final day of the World Economic Forum (WEF) annual meeting in Davos on January 23, 2026. (Photo by Fabrice COFFRINI / AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva gestures as she speaks during the final day of the World Economic Forum (WEF) annual meeting in Davos on January 23, 2026. (Photo by Fabrice COFFRINI / AFP)
TT
TT

IMF Chief Says Global Inflation to Fall, Trade Integration is Needed

International Monetary Fund (IMF) managing director Kristalina Georgieva gestures as she speaks during the final day of the World Economic Forum (WEF) annual meeting in Davos on January 23, 2026. (Photo by Fabrice COFFRINI / AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva gestures as she speaks during the final day of the World Economic Forum (WEF) annual meeting in Davos on January 23, 2026. (Photo by Fabrice COFFRINI / AFP)

Global inflation is expected to fall to 3.8% this year and to 3.4% in 2027, helped by softer demand and lower energy prices, the IMF chief ‌said on ‌Monday.

Managing Director ‌Kristalina ⁠Georgieva said ‌in a speech in the Annual Arab Fiscal Forum in Dubai that global growth has held up 'remarkably well' amid profound shifts ⁠in geopolitics, trade policy, technology, ‌and demographics.

Georgieva also ‍called for ‍more trade integration as unilateral ‍trade agreements are seen on the increase, Reuters said.

"In the world of trade fragmentation, more trade integration is absolutely paramount."

"What we have ⁠seen this year is that trade did not go down the way we feared it would. In fact trade is growing slightly slower than global growth," she added.

Most Viewed

 
 
Business

Jeddah Chamber of Commerce to Organize Consmix 2026

A view of Jeddah, Saudi Arabia. (SPA)
A view of Jeddah, Saudi Arabia. (SPA)
TT
TT

Jeddah Chamber of Commerce to Organize Consmix 2026

A view of Jeddah, Saudi Arabia. (SPA)
A view of Jeddah, Saudi Arabia. (SPA)

The Jeddah Chamber of Commerce will host the National and Consumer Industries Exhibition (Consmix 2026) from February 5 to 12, giving visitors the opportunity to explore the latest advancements in the national consumer goods industry.

The exhibition aims to promote national industry, encourage local consumption, highlight Saudi industrial capabilities, and showcase the quality of local products.

It provides companies and factories with a platform to connect with customers and establish strategic partnerships between Saudi and international firms.

Consmix 2026 will showcase a wide range of consumer products, including food, household goods, metalware, cleaning supplies, gifts and accessories, clothing, furniture, textiles, perfumes, hygiene products, and plastics.

Business

Saudi-Turkish Investment Forum to Be Held in Riyadh on Tuesday

General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)
General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)
TT
TT

Saudi-Turkish Investment Forum to Be Held in Riyadh on Tuesday

General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)
General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)

The Saudi-Turkish Investment Forum will convene in Riyadh on Tuesday, bringing together dignitaries, officials, and leaders from the private sectors and companies of both countries.

The forum aims to strengthen economic and investment cooperation across various sectors, discuss areas of mutual interest, and explore investment opportunities within the Kingdom.

It will host bilateral meetings between private-sector representatives from both countries to discuss cooperation and partnership opportunities and explore investment prospects.

Business

Saudi Arabia Launches Third Round of Mining Exploration Enablement Program

The headquarters of Saudi Arabia’s Ministry of Industry and Mineral Resources (SPA). 
The headquarters of Saudi Arabia’s Ministry of Industry and Mineral Resources (SPA). 
TT
TT

Saudi Arabia Launches Third Round of Mining Exploration Enablement Program

The headquarters of Saudi Arabia’s Ministry of Industry and Mineral Resources (SPA). 
The headquarters of Saudi Arabia’s Ministry of Industry and Mineral Resources (SPA). 

Saudi Arabia’s Ministry of Industry and Mineral Resources, in cooperation with the Ministry of Investment, has announced the launch of the third round of the Mining Exploration Enablement Program, as part of efforts to accelerate mineral exploration in the Kingdom, reduce early-stage investment risks, and attract high-quality investments from local and international mining companies.

According to a ministry statement, the third round offers a comprehensive support package targeting exploration companies and holders of mining exploration licenses.

The package includes cash incentives covering up to 25% of eligible exploration expenditures — such as drilling activities, laboratory testing, and geological studies — along with wage support of up to 15% for technical staff and experts residing in Saudi Arabia.

The statement added that the program will also cover up to 70% of the salaries of Saudi technicians during the first two years, rising to 100% thereafter. This is intended to help develop national talent, build capabilities in mineral exploration, promote job localization, and facilitate the transfer of geological knowledge.

The ministry noted that applications will close on March 31, 2026. This will be followed by an evaluation phase and the signing of agreements from April 1 to May 31, with qualified projects to be announced between June 1 and July 31.

The Mining Exploration Enablement Program focuses on supporting strategic minerals of national priority and strengthening geological knowledge through up-to-date, internationally standardized data. This approach enables investors to make informed decisions while supporting the growth of national companies and local supply chains.