Iran’s aluminum ingot output up 7% in Feb 2024
Tehran, Iran - Iran’s production of aluminum ingot in the country registered a 7% growth in the first 11th month...Economy
US consumer inflation in Feb up as Federal Reserve mulls rate cut
The annual consumer price index (CPI) came in at 3.2 percent last month, the Labor Department said, while the "core"...Economy
China’s new premier warns 5% growth rate for 2023 not ‘easy’ to achieve
Beijing, China--China's new premier warned Monday that the country's five-percent growth target for 2023 would not be "easy" to achieve, as...The Chinese government has set the economic growth target of around five percent as the country came out of strict zero-Covid rules that undermined growth
The new premier also took a dig at the US as relations between the two powers have worsened over a host of issues such as trade, technology and security
Egypt’s exports to China shoot up 21% to US$1.7bn in 2022
Cairo, Egypt--Egypt’s export to China increased by 20.8 percent to $1.7 billion in the first 11 months of 2022, compared...Trade between the two countries shot up by 2.6 percent during the first 11 months of 2022, reaching $14.9 billion from $14.5 billion, according to the official data
The North African country's imports from China totaled $13.2 billion from January to November 2022, up from $13.1 billion in the same period in 2021
After SVB fall, US regulators shut down crypto-focused Signature Bank
Signature Bank was reeling from a bet on crypto banking that foundered after the sector imploded and banking regulators cracked...Signature Bank's collapse is the third in under a week after Silvergate Bank's voluntary liquidation and Silicon Valley Bank's shutdown
The closure of the bank comes months after Signature said it would be reducing its exposure to the crypto sector
King Abdullah’s daughter marries a Greek-origin financier
Princess Iman, the eldest daughter of King Abdullah and Queen Rania, has wed a financier of Greek origin at a...The groom born in 1994 in Venezuela to a family of Greek origin works as a financier in New York
The princess born in 1996 graduated from Georgetown University in Washington
Uncertainty haunts macroeconomy, says US professor
Significant technology development is going on in the climate space in the UAE, distinguished Professor Laura D'Andrea Tyson tells TRENDS...Economists expect more interest rate increases and a fairly significant chance of a recession, says Laura D'Andrea Tyson of University of California
The UAE's significant technology development in the climate space will reduce carbon emissions and generate alternative energy, she adds
UAE, Ukraine keen on parliamentary, economic ties
MANAMA, BAHRAIN - Speaker of the UAE Federal National Council Saqr Ghobash discussed ways to enhance cooperation with First Deputy...UAE, Ukraine discuss parliamentary cooperation through exchanging visits and enhancing coordination.
The two sides deliberated on improving trade and economic ties between the two countries.
Real estate, e-commerce to push UAE growth
Global economic challenges have led the UAE to review priorities and investment trends, with a focus on five key sectors:...The UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown.
The IMF expects the UAE’s non-oil economy to grow by about 4 percent in 2023 and accelerate over the medium-term.
China retains Yi Gang as central bank chief to revitalize economy
The Chinese government has confirmed Yi Gang as governor of the People's Bank of China, against expectations that retirement-age Yi...At a meeting of China's rubber-stamp national legislature to appoint the country's new cabinet, Yi Gang was confirmed as governor of the People's Bank of China
Xi has stacked the top levels of government with loyalists as he cements his grip on power, with trusted ally Li Qiang confirmed as premier on Saturday
SVB failure unnerves USDC, other cryptocurrencies
The FDIC on Friday took over SVB, a major lender to the tech world, in the second-largest bank failure in...It is widely believed that the process of liquidating the bank's assets can drag on for a long time, with no certainty of just how much will be recovered
As per the California Department of Financial Protection and Innovation withdrawal orders from SVB reached a breathtaking $42 billion
Iraq impounds three million captagon pills on Syrian border
Iraq has scuttled a big smuggling operation of bringing into the country a large consignment of three million pills of...In recent months, Iraqi security forces have ramped up operations against such smuggling bids, with several high-profile drug seizures reported
Iraqi police, a few weeks ago, announced a big seizure of more than six million pills of the stimulant in a major drug bust
