Trump tariffs ignite global recession fears

In one of the first major economic forecasts since the US president waged his tariff war, the IMF has downgraded growth forecasts, much to the chagrin of countries still reeling from past crises

Sharif Mohammad

Oil Rises On Prospect of OPEC+ Supply Cut

Oil rose more than 1% on Monday, extending last week's gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth. Saudi…

Gulf Stocks Fall On Tight Monetary Policy Outlook

Major Gulf stock markets ended lower on Sunday as investors in the region reacted to comments by Federal Reserve Chair Jerome Powell signaling the U.S. economy would need tight monetary policy "for…