Paul Wallace
Team Leader at Bloomberg News
Leads Bloomberg's economy and government news team in the #MiddleEast. Ex energy & commodities team leader for Mideast. 🇦🇪 via 🇲🇼🇬🇧🇳🇬
Articles
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2 days ago |
bloomberg.com | Jordan Fabian |Carla Canivete |John Bowker |Paul Wallace
Trump’s arrival in Riyadh came with a special escort, according to a pool reporter on board Air Force One. Three Saudi F-15 fighter jets appeared along each side of the presidential aircraft, cruising in close proximity for about the last half hour of the flight until Trump landed at King Khalid International Airport. Saudi F-15 fighter jets accompany Air Force One ahead of landing in Riyadh. Photographer: Win McNamee/Getty Images
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2 weeks ago |
bloomberg.com | Mirette Magdy |Paul Wallace
Shoppers in the Attaba district in Cairo, Egypt. (Bloomberg) -- The International Monetary Fund said Egypt should tread carefully as it lowers interest rates, due to global uncertainty wrought by US President Donald Trump’s tariff raises. The North African country made its first interest-rate cut in almost five years last month, after annual consumer-price growth fell to 13.6%, less than half its September 2023 record.
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2 weeks ago |
news.bloombergtax.com | Mbongeni Mguni |Paul Wallace
Botswana is intent on cutting spending to offset the effects of a prolonged downturn in the diamond market that’s led it to raise its budget deficit forecast to post-Covid peaks, its finance minister said. “Something drastic” has to be done, Ndaba Gaolathe, who is also the southern African nation’s vice president, said in an interview in Washington. “The first thing we need to do obviously, is to live within our means. That means cutting spending.
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2 weeks ago |
news.bloomberglaw.com | Mbongeni Mguni |Paul Wallace
Botswana is intent on cutting spending to offset the effects of a prolonged downturn in the diamond market that’s led it to raise its budget deficit forecast to post-Covid peaks, its finance minister said. “Something drastic” has to be done, Ndaba Gaolathe, who is also the southern African nation’s vice president, said in an interview in Washington. “The first thing we need to do obviously, is to live within our means. That means cutting spending.
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2 weeks ago |
bloomberg.com | Mbongeni Mguni |Paul Wallace
Botswana relies on diamonds for most of its exports and about a third of its fiscal revenue. (Bloomberg) -- Botswana is intent on cutting spending to offset the effects of a prolonged downturn in the diamond market that’s led it to raise its budget deficit forecast to post-Covid peaks, its finance minister said. “Something drastic” has to be done, Ndaba Gaolathe, who is also the southern African nation’s vice president, said in an interview in Washington.
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The White House confirms Trump's visit to the Gulf next month. May 13-16. #SaudiArabia, #UAE and #Qatar. The trip will give him the chance to highlight promised foreign investments, which he cited as a motivation for his tariffs. @justinsink https://t.co/cf1fYP3g1g
RT @DanWilliams: Benjamin Netanyahu asked Israel's intelligence agency for surveillance on anti-government protesters, Shin Bet chief Ronen…
#SaudiArabia's defence minister visited #Iran's supreme leader yesterday. First time #Khamenei's met a Saudi minister since 2006. A sign of how seriously Riyadh's trying to ensure a security crisis between the US and Tehran is avoided. https://t.co/DhHy9nBvfA @golnarM