China vowed on Tuesday to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald...
- US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating...
The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and...The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and Trade Minister Ryad Mezzour tells TRENDS.
Moroccan automotive industry produced 700,00 cars in 2022 and we expect the production to hit 1 million in the next three years, adds Mezzour during the interview
Most of the MEPs who signed are from Green or left-wing parties. They were joined by non-governmental organizations, including Oxfam,...A previous landmark deal for a global minimum 15 percent tax on multinational businesses is set to start to go into force this year
French MEP Aurore Lalucq and economist Gabriel Zucman propose a 1.5 percent tax for ultra-rich with wealth of $54 million or more
- Riyadh, Saudi Arabia--Saudi Arabia’s banking sector grew in 2022 on the back of potent revenue growth and is set for...
According to Boston Consulting Group, the kingdom’s banking profits after taxes have grown an average of 7.9 percent per year since 2016
The report argues that in spite of the economic instability worldwide inflation has not been an issue in the Middle East
New York, United States - Oil prices fell over 2 percent in volatile trading on Monday as the collapse of...US West Texas Intermediate crude futures (WTI) dropped $1.88, or 2.5 percent, to $74.80 a barrel. WTI earlier declined to $72.30 a barrel, its lowest price since December
In the past twelve months, the oil market has absorbed the impact of Russia's invasion of Ukraine and the sanctions imposed in response by the United States and the EU
Abu Dhabi, UAE--Commending the UAE for being in the forefront of the drive to improve gender balance in the country,...Iva Hamel of the World Bank said that the UAE has introduced legal provisions to ensure women receive equal pay and to prohibit gender-based discrimination in the workplace
She lauded the UAE for becoming the first country in the Middle East and North Africa to implement parental leave for fathers
Washington, United States--President Joe Biden sought to reassure Americans over the country's financial system Monday as more US banks and leading...Biden told Americans in a brief White House address that they can have confidence that the banking system is safe
The president while reassuring SVB depositors that they will get their money back, said "no losses will be borne by the taxpayers"
Banking experts have been among those alarmed at the rapid collapse of SVB, the country's 16th biggest bank by assets...The Federal Reserve announced Monday plans for a "thorough, transparent and swift" review of the supervision of SVB that will be publicly released on May 1
President Joe Biden promised a "full accounting of what happened," adding that he would ask regulators and banking regulators to tighten rules on the sector
- Istanbul, Turkey - Turkey's current account deficit increased to $9.85 billion in January, the highest monthly deficit since 1984, the...
Turkey's trade deficit widened 38 percent in January to $14.24 billion, largely due to the sharp rise in gold imports and the rising cost of energy imports
Excluding gold and energy, the current account showed a surplus of $2.6 billion in January, as opposed to a surplus of $1.7 billion in the same month last year
- Just days ahead of the 20th anniversary of the US-led invasion that resulted in war, chaos, and political instability, Iraq's...
Iraq is plagued by corruption as well as power cuts that reflect its crumbling infrastructure
The United Nations estimates that nearly one-third of Iraq's 42 million population live in poverty
A Lebanese judge has asked central bank chief Riad Salameh to appear before visiting European investigators, a judicial official said...Lebanon central bank chief Riad Salameh denies all accusations against him and has rarely appeared before the judiciary.
If he shows up, it would be the first time Salameh, 72, appears before European investigators probing suspected financial misconduct.
