Hong Kong, China - Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key...
Human Health and Social Work activities registered the highest growth rate, rising 26 percent compared to the same period last...
The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down...After 11 rate hikes in less than 18 months, the US benchmark lending rate now sits at a range between 5.25 and 5.5 percent - its highest level for 22 years.
The rapid cycle of interest rate increases has failed to definitively quash inflation, which remains stuck above the Fed's long-term target of two percent.
Beirut, Lebanon -- Acting Lebanese Central Bank Governor Wassim Mansouri has said the bank will not be providing government lending...Acting Lebanese Central Bank Governor Wassim Mansouri said it will apply to both Lebanese lira and US dollar.
Mansouri assured that public sector employees would receive their wages for the current month in US dollars, with an exchange rate set at 85,500 liras.
ABU DHABI, UAE - Borouge's Chief Operating Officer Dr. Hasan Karam has said the fifth polypropylene unit (PP5) played a...Demand for products made from polypropylene is set to rise in the coming decades thanks to its versatility and recyclability.
Polypropylene market in Asia, Africa and the Middle East is valued at $10 billion and is predicted to grow by 5.5 percent annually.
JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to...The two ministers discussed the available opportunities to enhance trade exchange between Algeria and South Africa.
The aim of trade exchange and joint investment is achieving sustainable development in the region.
Baghdad, Iraq - Iraq has signed a preliminary agreement with Turkmenistan to import gas. The agreement signed by the undersecretary...Turkmenistan is known for its status as a key gas producer regionally and globally
The country’s natural gas reserves are estimated at 50 trillion cubic meters
- Dubai, UAE - Savings deposits held by UAE banks, excluding interbank deposits, totaled approximately $73.01 billion (AED268.6 billion) by the...
The saving deposits experienced a monthly growth rate of 5.8%, equivalent to an increase of around $4.02 billion
The UAE Dirham accounted for the largest portion, constituting about 81.6% of the total, which is approximately $178.71 billion
RIYADH, SAUDI ARABIA - As the world grapples with the economic aftermath of the COVID-19 pandemic, Middle Eastern countries, particularly...Saudi Arabian Riyal and UAE Dirham maintain stability against US Dollar from 2020 to 2023.
Both the countries witness GDP growth of 45 percent and 43 percent respectively during the period.
DUBAI, UAE - Dubai Chambers has contributed to the emirate’s drive for sustainability by saving a total of 72,239 litres...The savings were achieved as part of the chambers’ participation in Dubai Can, a sustainability initiative launched by the Crown Prince of Dubai.
Dubai Can is aimed at educating and mobilising all segments of society to reduce waste and protect the environment.
Athens, Greece--Hundreds of firefighters in Greece struggled Thursday to gain the upper hand against major wildfires burning unchecked for a sixth...Threatening a national park, a huge blaze continued to burn on Mount Parnitha near Athens, in the largest forest adjoining the capital
According to a government minister, Greece was going through the worst summer of fires since fire-risk maps were introduced in 2009
Cairo, Egypt--Egypt's unemployment rate fell slightly by 0.1 percent to 7 percent in the second quarter of 2023, according to...According to data, some two million Egyptians were without work, including 1.2 million men and 941,000 women
The country's annual inflation rate jumped to 38.2% in July, up from 14.6% in the same month a year earlier
