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Oman Launches Golden Residency Program for Investors, Offering 10-Year Renewable Visas

Oman Launches Golden Residency Program for Investors, Offering 10-Year Renewable Visas

Oman Launches Golden Residency Program for Investors, Offering 10-Year Renewable Visas
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Treasury Secretary Scott Bessent Faces Scrutiny as October Deficit Reaches $409 Billion

Treasury Secretary Scott Bessent Faces Scrutiny as October Deficit Reaches $409 Billion

Treasury Secretary Scott Bessent Faces Scrutiny as October Deficit Reaches $409 Billion
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U.S. Economy Poised for Steady Growth in 2027 Despite Inflation and Interest Rate Challenges

U.S. Economy Poised for Steady Growth in 2027 Despite Inflation and Interest Rate Challenges

U.S. Economy Poised for Steady Growth in 2027 Despite Inflation and Interest Rate Challenges
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China's Trade Surplus Exceeds $1 Trillion for Second Consecutive Year Amid Calls for Economic Rebalancing

China's Trade Surplus Exceeds $1 Trillion for Second Consecutive Year Amid Calls for Economic Rebalancing

China's Trade Surplus Exceeds $1 Trillion for Second Consecutive Year Amid Calls for Economic Rebalancing
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UNESCO Participates in Oman's Sub-Regional Forum on Intangible Cultural Heritage and Art

UNESCO Participates in Oman's Sub-Regional Forum on Intangible Cultural Heritage and Art

The UNESCO Regional Office for the Gulf States and Yemen recently participated in the Sub-Regional Forum on 'Intangible Cultural Heritage and Art: Reality and Challenges' held in Muscat, Oman. This two-day event coincided with the annual International Day of Intangible Cultural Heritage, observed on October 17. The forum gathered over 70 academics, researchers, experts, and cultural practitioners from across the Gulf region to discuss the role of art in preserving living heritage and addressing contemporary challenges. Dr. Mahmoud Al Abri, Secretary-General of the Omani National Commission for Education, Culture and Science, emphasized the importance of art in documenting cultural traditions and the role of education in strengthening cultural identity. An exhibition showcasing student artworks and photographs from regional competitions was also inaugurated by H.E. Said bin Sultan Al Busaidi, Undersecretary for Culture at the Ministry of Culture, Sports and Youth. Jawida Mansour, Programme Associate for Cul...
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International Monetary Fund Maintains Macau GDP Growth Forecast Amid Economic Transition

International Monetary Fund Maintains Macau GDP Growth Forecast Amid Economic Transition

International Monetary Fund Maintains Macau GDP Growth Forecast Amid Economic Transition
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U.S. Economic Strength Contrasts with French Unrest Amidst Debt Concerns

U.S. Economic Strength Contrasts with French Unrest Amidst Debt Concerns

The U.S. economy is demonstrating resilience with a growth rate of just over 2%, contrasting sharply with France's 0.5% growth. This economic disparity is highlighted by Heather Long, chief economist at Navy Federal Credit Union, who noted that the U.S. maintains a debt-to-GDP ratio of approximately 100%, while France's stands at 116%. Recent unrest in France, initially sparked by public school system failings, escalated into broader dissatisfaction over the cost of living and job prospects. France's macroeconomic health is further challenged by 8.3% unemployment in Q2 and 1.7% wage growth. The U.S. bond market, despite its own debt concerns, has seen 10- and 30-year Treasury yields decline, suggesting a more stable financial environment compared to France, where 30-year bonds topped 5.4%.
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Economist Warns U.S. Debt Driving Bond Yields, Not AI Boom

Economist Warns U.S. Debt Driving Bond Yields, Not AI Boom

Economist Warns U.S. Debt Driving Bond Yields, Not AI Boom
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Brazil's central bank signals high bar for rate hikes despite inflation risks

Brazil's central bank signals high bar for rate hikes despite inflation risks

By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank signaled on Tuesday that slowing economic growth could help limit the inflationary impact of a series of supply shocks, reinforcing expectations that policymakers will keep interest rates on hold despite a worsening price outlook.
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IMF Studies Show Mixed Evidence on Geoeconomic Fragmentation in Trade and FDI

IMF Studies Show Mixed Evidence on Geoeconomic Fragmentation in Trade and FDI

IMF Studies Show Mixed Evidence on Geoeconomic Fragmentation in Trade and FDI
ReutersReuters
Analysis-Trader angst pivots from inflation to growth as tech rout deepens

Analysis-Trader angst pivots from inflation to growth as tech rout deepens

By Dhara Ranasinghe and Karin Strohecker LONDON, Nov 6 (Reuters) - The rout in tech stocks further clouds the outlook for a global economy bolstered by the AI boom, leaving traders questioning whether central banks will have scope for further interest rate hikes to contain an Iran war-induced energy
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China's Tax Compliance Drive Insufficient to Cover Fiscal Gaps, Impacts Private Sector Confidence

China's Tax Compliance Drive Insufficient to Cover Fiscal Gaps, Impacts Private Sector Confidence

China's Tax Compliance Drive Insufficient to Cover Fiscal Gaps, Impacts Private Sector Confidence