WASHINGTON/ WAM The World Bank has raised its forecast for the UAE’s real GDP growth to 3.9% in 2024, compared to its previous forecast in January of 3.7%. In an economic update published today on the latest economic developments in the Middle East and North Africa region, the World Bank said it had raised its forecast for the UAE’s economic …

BEIJING/WAM China-Europe freight train services registered solid expansion in terms of network coverage and freight growth in the first quarter of 2024, data from China’s railway operator showed Sunday. China State Railway Group Co., Ltd. (China Railway) stated that during the initial three months, there were a cumulative total of 4,541 journeys undertaken by China-Europe freight trains, facilitating the transportation …

MANILA/WAM Developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its resilient growth amid robust domestic demand, improving semiconductor exports, and recovering tourism. Growth will continue at the same rate next year, according to the Asian Development Outlook (ADO) April 2024, released today by the Asian Development Bank …