Business
World Economic Outlook 2025: Growth Slows, Risks Mount
The IMF’s World Economic Outlook (WEO) released in October 2025 reveals a sobering message: while global growth is projected to decelerate moderately, risks remain deeply tilted to the downside. IMF
According to the report, global GDP growth is expected to drop from 3.3 % in 2024 to 3.2 % in 2025, and further to 3.1 % in 2026. IMF Advanced economies are forecast to grow by about 1.5 %, while emerging markets and developing economies hover just above 4 % growth. IMF
Inflation is projected to continue its downward trend globally, though with significant variation: in some economies (notably the U.S.), inflation may stay above target, while other regions see more subdued levels. IMF
The report highlights several key threats: rising protectionism, prolonged uncertainty, supply shocks, fiscal vulnerabilities, and the possibility of financial market corrections. IMF Policymakers are urged to shore up confidence via transparent and credible policies, preserve central bank independence, and focus on structural reforms. IMF
Why this matters globally:
- Slower growth complicates debt sustainability, especially in low-income and middle-income countries.
- The uneven inflation trajectory will challenge central banks: some may tighten prematurely, others may lag and risk stagflation.
- The structural reforms recommended (in labor, trade, governance) often require political will and social consensus — conditions that are fragile in many countries.
Business
Two major parks planned in Riyadh
Authorities in the Saudi capital have unveiled plans to develop two expansive public parks covering more than 310,000 square metres as part of a broader push to increase green spaces across the city.
The Riyadh Region Municipality confirmed on Wednesday that the new developments will be situated in the eastern and southern districts of the capital. The project is designed to transform the city’s urban landscape, shifting away from traditional park layouts toward integrated “urban destinations” that cater to both recreation and environmental sustainability.
Central to the design is a scenic valley that will serve as a functional and visual anchor for both sites. According to municipal officials, the parks are intended to bolster the city’s “urban fabric” by providing high-quality public areas that align with the quality-of-life goals set out in the Saudi Vision 2030 framework.
The facilities planned for the 317,200-square-metre footprint are extensive. Beyond standard greenery, the sites will feature a golf course, multi-purpose sports fields, and dedicated jogging tracks. Families will have access to children’s play areas and water features, while the inclusion of a theatre and designated event spaces suggests the parks will double as cultural hubs for the local community.
“These parks represent high-quality developments aimed at expanding public spaces across the capital,” the municipality said in a statement. The announcement noted that the projects would also include a range of commercial amenities, including restaurants and cafés, to ensure the parks remain active throughout the day.
This latest initiative follows a series of large-scale environmental projects in the Kingdom, where officials are increasingly prioritising “livability” as Riyadh undergoes population and infrastructure expansion. The municipality highlighted that the design focuses on “environmental sensitivity,” incorporating innovative greening techniques to manage the arid climate while maintaining sustainable water use.
“These parks represent high-quality developments aimed at expanding public spaces across the capital,” the municipality said in a statement. The announcement noted that the projects would also include a range of commercial amenities, including restaurants and cafés, to ensure the parks remain active throughout the day.
This latest initiative follows a series of large-scale environmental projects in the Kingdom, where officials are increasingly prioritising “livability” as Riyadh undergoes population and infrastructure expansion. The municipality highlighted that the design focuses on “environmental sensitivity,” incorporating innovative greening techniques to manage the arid climate while maintaining sustainable water use.
GN
Business
Prince William to Official Visit Saudi Arabia in February
Britain’s Prince William is set to visit Saudi Arabia for the first time in an official capacity, Kensington Palace announced on Wednesday. The trip is scheduled from February 9 to 11, 2026.
Strengthening Ties Between the UK and Saudi Arabia
According to Kensington Palace, the visit comes as the UK and Saudi Arabia mark growing trade, energy, and investment partnerships. It also coincides with celebrations of nearly a century of diplomatic relations between the two nations.
A First for the Duke
This will be Prince William’s first official trip to Saudi Arabia, highlighting the importance of the country in the UK’s international relations and economic strategy.
What to Expect
While details of the itinerary haven’t been fully released, the visit is expected to include meetings with Saudi officials and discussions on trade, investment, and energy collaboration.
The visit signals a continued focus on strengthening ties between London and Riyadh, while marking a historic moment in Prince William’s international engagements.
Business
Japan tourist arrivals hit record 42.7 million in 2025
Tourists to Japan hit a record 42.7 million in 2025, exceeding 40 million for the first time, Japan’s Tourism Minister, Yasushi Kaneko, told a press conference.
Total spending by inbound tourists reached 9.5 trillion yen ($60 billion) over the year, also a record high.
WAM
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