Prince Mohammed bin Salman put 11 princes and nearly 200 high-ranking officials, under arrest for corruption.
They are expected to grow by an average 3.3% this year, 0.9% higher than May’s forecast and a big improvement over last year’s 1.9% growth.
Emerging markets could see funds flowing back to them as central banks unwind quantitative easing and liquidity flows back to emering market assets.
The Kingdom of Morocco now allows participative finance. On January 2 the central bank, Bank Al-Maghrib, issued authorizations for five banks to begin commercializing shariah-compliant products and services.
The president elect’s protectionist views on international trade suggest emerging markets will bear the brunt of radical changes in policy—assuming his rhetoric becomes reality.
Like other geographic regions once under communist rule, Croatia has traveled a chaotic road to statehood, but it is now solidifying its economic and political progress.
The cost of producing solar power has fallen sharply in the past five years—so much that in some cases it can be half the price, or even less, of conventional power. Experts predict solar's cost will continue to plummet.
Saudi Arabia made a splash with its $17.5 billion debut in the global bond market, which was the largest debt issuance by an emerging economy. The successful sale on October 19 was increased from an originally planned $10 billion, as ...
The safest three emerging markets banks are South Korean, following ratings upgrades by Moody’s and S&P. Korea Development Bank, Export-Import Bank of Korea and Industrial Bank of Korea now have at least one AA and one AA- rating each, which ...
Syria’s agony is imposing serious costs for neighbors in terms of refugees, lost trade and dampened investment.
Collection troubles and resource dependency hamper African governmental efforts to raise revenue.
While on a road show for US clients, Bryan Leith, chief operating officer of KPMG’s global Africa practice, sat down with Global Finance to discuss the continent’s economic prospects.
The prolonged downturn in oil and other commodity prices has pushed petrochemical and mining firms out of the Global Finance rankings of the best-performing companies in sub-Saharan Africa this year.
What has changed in Africa in the past year? The precipitous drop in commodity prices threatened the progress made during two decades of tremendous growth, driving diversification efforts.
UK-based Barclays has reduced its shareholding in Johannesburg-listed Barclays Africa from 62.3% to 50.1% this year and is believed to be seeking to reduce that stake further to around 20%.
The Bahamas offers investors stability, a sophisticated finance sector, educated workers and a climate that tempts tourists.
South Africa's growth is impeded by long-term constraints; still, the government deserves credit for tackling reforms.
Foreign-currency bonds offer needed resources but come with heavy risks.