The last-gasp scramble to strike bilateral accords came as an appeals court in Washington considered the legality behind Trump's strategy...
- Tunis, Tunisia - A towel draped over his head, Hamza Jabbari sets bags of plastic bottles onto a scale. He...
The IMF said the global inflation picture has improved somewhat, with consumer prices now forecast to increase by 6.8 percent...The global growth forecast for this year was raised by 0.2 percentage points from the IMF's last forecast in April.
However, IMF said global growth is expected to slow to three percent this year and then stay there.
After a pause in June, the Fed is widely expected to push ahead with what would be its 11th interest...Futures traders assign a probability of close to 99 percent that the Fed will lift its base rate by 25 basis points on Wednesday, according to CME Group.
The quarter percentage-point hike predicted by analysts and traders would raise the Fed's benchmark lending rate to a range between 5.25-5.50%, its highest level in 22 years.
The share of oil exports in total exports decreased from 80.8 percent in May 2022 to 74.1 percent in May 2023, according to...Non-oil exports (including re-exports) decreased by 8.7 percent, compared to May 2022, decreasing to SAR 25.1 billion from SAR 27.5 billion in May 2022.
The value of imports amounted to SAR 67.7 billion in May 2023 compared to SAR 56.0 billion in May 2022.
- Baghdad, Iraq-- Jordan and Iraq have renewed pledge to strengthen economic cooperation in a meeting between the kingdom's Prime Minister...
The two prime ministers resolved to boost volume of trade exchange, expanding cooperation in the economic, trade and investment fields
They also lay stress on ramping up cooperation in the field of energy, completion of the electrical interconnection project between the two countries
Kuwait City, Kuwait--The Kuwait National Petroleum Company (KNPC) has exported the first shipment of 95 octane motor fuel and low-sulfur...The deputy CEO of the company said that the first shipment was loaded on board the oil tanker Pacific Sarah from Mina Al-Ahmadi
He said the shipment was dispatched in close cooperation and coordination with Kuwait Petroleum Corporation's international marketing sector
Tehran, Iran – The clothing industry in Iran which employs around two million people grew by 17 percent last year...Currently 100,000 production units have been registered in the garment industry
These statistics do not include the stores operating on the virtual space and also unauthorized people
- Dubai, UAE-- Calling on governments around the world to demonstrate leadership by signing the "Leaders Declaration on Food Systems, Agriculture...
The presidency exhorted stakeholders in the food and agriculture sectors to speed up existing initiatives across food systems, agriculture, and climate action
It also pleaded for action to ramp up innovation in the sectors in order to drive both development and climate action, leveraging mechanisms
- It will enable Saudia Cargo to widen network in Europe.
As per the terms of the deal, Saudia Cargo will use Jan de Rijk's extensive trucking network to shore up its operations in Europe
Set up in 1971, Jan de Rijk Co, is a leading provider of European transportation, distribution services, and supply chain management solutions
The painful PMI data comes as the European Central Bank is eyeing a further rate hike this week in its..."The eurozone economy will likely move further into contraction territory in the months ahead, as the services sector keeps losing steam."
The eurozone's struggles were fueled by steep downturns signaled by surveys from economic powerhouses France and Germany.
It seeks to enhance emirate's coastal and marine locations.The agreement between the two underscores the ongoing effort to strengthen Abu Dhabi's maritime sector
Director-General of Operational Affairs at the DMT said that "together, we will unlock the untapped potential of our shores"
