The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...
The Saudi-led oil cartel said in a monthly report that it now expects demand to grow by 1.3 million barrels...
TOKYO, JAPAN - Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for...The move to curb export of chip equipment comes as Japan confirmed its top diplomat will visit China this weekend.
As the second- and third-largest economies of the world, China and Japan are key trading partners.
The Food and Agriculture Organization (FAO) said initial assessments in Turkey revealed "severe damage to agriculture, including crops, livestock, fisheries...FAO estimated the quake caused $1.3 billion in damage, through destruction of infrastructure, livestock and crops, and $5.1 billion in losses to Turkey's agricultural sector
The UN's food agency is appealing for $112 million to help quake-affected communities in Turkey, including $25 million under a wider UN appeal issued in February
Cairo, Egypt - The Central Bank of Egypt (CBE) raised key interest rates by 200 bps for the first time...The increase is in line with analysts' expectations, who suggested a hike ranging between two and three percent after seeing inflation hit record figures in Egypt
The CBE explained that annual urban headline inflation continued to accelerate to 25.8 percent and 31.9 percent in January and February 2023, respectively
London, United Kingdom--The British economy performed slightly better than previously estimated in the final quarter of last year as it expanded...Initially the UK's Office for National Statistics (ONS) said growth was flat in the October-December period
ONS director of economic statistics Darren Morgan said that the economy performed a little more strongly than previously estimated
The country has seen a surge in demand for travel, entertainment and other leisure services that were curbed for nearly...The official manufacturing purchasing managers' index (PMI) - a key gauge of Chinese factory output - beat expectations but fell to 51.9 in March, from 52.6 in February
The official non-manufacturing PMI, which measures growth in the services and construction sectors, rose to 58.2 in March - the highest since May 2011 - up from 56.3 in February
The jobless rate for Saudi women dropped to 15.4 percent in the fourth quarter, down 5.1 percent from the third...The labour force participation rate of Saudis remained unchanged at 52.5 percent, and the employment-to-population ratio of Saudis rose by 1 percent to 48.3 percent
The jobless rate for Saudi women dropped to 15.4 percent in the fourth quarter, down 5.1 percent from the third quarter and 7.1 percent from a year earlier
- Women earn on average nearly 13 percent less per hour than men for the same work in the 27-nation European...
Other rules stipulate that if a company has at least 100 employees, they must publish information regularly on the gender pay gap.
Companies must also negotiate with staff representatives if there is a discrepancy of five percent. Those who break any of the rules face sanctions, including fines.
- London, United Kingdom - Britain on Thursday warned against the threat of protectionism as it slammed the United States for leading...
UK Finance Minister Jeremy Snape said the threat of protectionism is making a comeback in the world in the form of subsidy.
US President Biden has launched $370bn initiative of subsidies for green energy and tax cuts for US manufactured e-cars, batteries.
Gulf countries have substantial financial and other resources to achieve zero- emission goals but they need to identity and address...The majority (59 percent) said Saudi Arabia will achieve the target first, followed by the UAE (24 percent) and Qatar (11 percent).
Saudi Arabia, Qatar and the UAE account for around 10 percent of the world's annual CO2 collection at 3.7 million tons per annum (mtpa).
- The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the...
The move also comes as the EU has sought to slash its dependence on Russian fossil fuels after Moscow cut gas supplies last year.
The figure is a compromise between the 45 percent share for renewables that was sought by EU lawmakers and the European Commission.
