by Anna Fleck, The OECD has raised its global growth forecast for 2025, now predicting GDP to expand by 3.2 percent, up by 0.3 percentage points from its June estimate. According to the OECD Economic Outlook interim report released on Tuesday, the economy “proved more resilient than anticipated” in the first half of 2025. Key drivers of this stronger-than-anticipated performance include front-loading of goods production …
Read More »Global Tourism Has Exceeded Pre-Pandemic Highs Since 2023 – Pakistan & Gulf Economist
by Anna Fleck, According to estimates by Statista Market Insights, the global travel and tourism industry surpassed pre-coronavirus levels in 2023 and will continue to grow until 2025. Hotels will remain the biggest segment and are forecast to see a revenue of approximately $455 billion worldwide this year. Where cruises slowed to a near standstill during the COVID-19 pandemic, with a low of $3.1 billion …
Read More »Where Robots Do the Housework – Pakistan & Gulf Economist
by Felix Richter, Over the past two decades, domestic robots like robot vacuums and lawn-mowing robots have evolved from gimmicks for tech lovers to actual mass-market products. Today, these automated little helpers are capable of performing household chores as good as, if not better than humans, freeing up valuable time for their owners to focus on more important things such as …
Read More »The World’s Most Innovative Countries – Pakistan & Gulf Economist
by Katharina Buchholz, The World Intellectual Property Organization (WIPO) has released its 2025 Global Innovation Index. It evaluated innovation levels across 132 economies focusing on a long list of criteria such as human capital, institutions, technology and creative output as well as market and business sophistication, among others. Switzerland topped the rankings once more this year with a score of 66 out of 100, the …
Read More »Chinese Students Are Pivoting to Asian Countries – Pakistan & Gulf Economist
by Anna Fleck, Data from UNESCO shows the number of Chinese students studying in the United States has dropped in recent years, with some students pivoting towards countries in Southeast Asia. At the same time, the number of Chinese students going to study in Russia has also grown. To an extent this data mirrors larger geopolitical shifts, such as cooling relations between Beijing …
Read More »Smriti Mandhana’s batting reminds Shubman Gill of an Australian great
India men’s ODI vice-captain Shubman Gill has heaped praise on women’s cricket star Smriti Mandhana, likening her graceful strokeplay to that of a legendary Australian batter. Shubman Gill praises Smriti Mandhana for her slow, lazy elegance Currently part of India’s Asia Cup squad, Gill spoke on the BCCI Women’s official channel, describing Mandhana’s batting as “lazy elegance” backed by strong …
Read More »The Cost of Energy – Pakistan & Gulf Economist
by Katharina Buchholz, Numbers calculated by financial advisory Lazard as of June 2025 estimate price ranges for the generation of one MWh of energy by different sources. While the data shows that it is always cheapest to produce electricity from fully depreciated facilities, renewable energy can nevertheless compete in today’s market when it comes to prices even when disregarding federal subsidies. Gas, nuclear and coal energy …
Read More »How Much Are Teachers Paid? – Pakistan & Gulf Economist
by Anna Fleck, Teachers’ salaries vary significantly around the world. New data published in the OECD Education at a Glance report shows that salaries in Germany, Luxembourg and the Netherlands are at the higher end of the spectrum, with primary school teachers in public institutions earning on average over $90,000 per year. Poland is among the countries found towards the other end of …
Read More »https://www.rt.com/news/625294-eu-bypass-hungary-veto/EU moves to bypass Hungary’s veto on Russia sanctions – Politico
Brussels wants to scrap unanimity and move to majority rule as it launches a 19th wave of measures The European Commission has proposed extending sanctions against Russia by qualified majority rather than unanimity in order to prevent Hungary from blocking them, Politico reported on Friday, citing an EC document. EU diplomats are due to discuss the proposal and a …
Read More »پاک بھارت فائنل سے قبل اہم خبر، ٹکٹوں کی فروخت پر زبردست آفر لگ گئی – Sports
ایشیا کپ میں پاکستان اور بھارت تیسری بار آمنے سامنے آنے کے لیے تیار ہیں۔ ٹورنامنٹ کا فائنل اتوار، 28 ستمبر کو دبئی انٹرنیشنل اسٹیڈیم میں کھیلا جائے گا۔ سیاسی کشیدگی کے باوجود دونوں ممالک کے کرکٹ شائقین بڑے مقابلے کے لیے بےتاب ہیں، اور بڑی تعداد میں ٹکٹ حاصل کرنے کی کوشش کر رہے ہیں۔ خلیج ٹائمز کے مطابق …
Read More »Kuldeep Yadav breaks the internet with girlfriend-turned fiancée Vanshika
India spinner Kuldeep Yadav has set social media ablaze just before India’s Asia Cup 2025 showdown against Sri Lanka, thanks to a heartfelt photograph with his fiancée Vanshika. The picture, surfacing across fan pages and cricket networks, reveal an intimate chapter in the left-arm wrist-spinner’s life and have captivated supporters with a mix of romance and admiration. Kuldeep Yadav with …
Read More »Gold: The Timeless Asset Shaping Global Economies – Pakistan & Gulf Economist
Gold has always been more than just a glittering metal. For centuries, it has represented wealth, power, and security across civilizations. From being used as currency in ancient trade routes to serving as the backbone of modern financial reserves, gold continues to shine as one of the most influential and valuable commodities in the world. Historical Significance of Gold The …
Read More »Reko Diq: Unlocking Pakistan’s Untapped Wealth – Pakistan & Gulf Economist
Reko Diq, located in the Chagai district of Balochistan, is one of the world’s largest undeveloped reserves of copper and gold. Often described as a “treasure beneath the desert,” this mineral-rich deposit has the potential to reshape Pakistan’s economic future and strengthen its position in the global mining industry. Strategic Importance of Reko Diq Reko Diq lies in Pakistan’s resource-rich …
Read More »Federal Minister Petroleum Ali Pervaiz Malik Hosts PARCO
Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, hosted a dinner in Islamabad in the honor of Board of Directors of Pak-Arab Refinery Limited (PARCO). The gathering reflected the government’s commitment to fostering collaboration with the energy sector and advancing Pakistan’s refining and petroleum industry. The event, held to welcome the foreign board members from Mubadla Energy, was attended by …
Read More »Google AI Plus plan launches in Pakistan – Pakistan & Gulf Economist
Google today announced the rollout of its Google AI Plus plan in Pakistan, its newest plan designed to empower people to do more with Google AI. This new plan opens up more access to powerful AI tools to help people level up their productivity and creativity – all at an accessible price. With the Google AI Plus plan, users in …
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