Washington, United States - The International Monetary Fund has approved an additional $1.3 billion assistance program for Egypt under its...
- AI won't replace jobs, but reskilling will unlock its true potential—lifelong learning is the key, Jayney Howson, SVP of Learning...
Spending will rise by 11.7 percent to more than $86 billion, with 80 percent going on civil service wages and...The budget deficit will swell to five billion dinars (more than $16 billion) for the year starting in April.
Revenues -- 88 percent of which come from oil -- are projected at around $63.8 billion, a 16.9 percent drop.
Results reflect higher production of oil, natural gas.The huge profits by oil companies have sparked pushback from governments.
In 2022, ExxonMobil put $29.8 billion into shareholder distributions, evenly split between dividends and share repurchases.
"2022 was a truly dramatic year in the world. It affected financial markets and hence it also affects our global...The fund has shares in more than 9,000 companies in nearly 70 countries, including Apple, Microsoft and Alphabet, the parent company of Google.
At the end of 2022, the value of the fund, which is financed by taxes paid by the nation's oil and gas industry, still amounted to a whopping 12.43 trillion kroner.
- Bank said it would pay out US$5.6 billion to shareholders.
The news sent the bank's share prices zooming more than eight percent higher in morning trading.
The European Central Bank has been lifting interest rates since last year to tackle inflation and tame consumer price growth.
Abu Dhabi, UAE-- The first auction of the UAE treasury bond program in 2023 has been oversubscribed by 6.2 times,...In 2022, the Ministry of Finance, the issuer, had issued bonds totaling AED 9 billion across tenors of two years, three years and five years.
The auction has been oversubscribed by 6.2 times, receiving bids worth $1.76 billion.
Net profits at the banking giant rose 23% in Q4 of 2022.For the full year 2022, UBS meanwhile saw its net profit inch up to $7.6 billion from $7.5 billion a year earlier.
As revenues generated by global markets dwindled, UBS's investment bank saw revenues shrink 24 percent in the fourth quarter.
While China's easing of coronavirus restrictions paves the way for a faster-than-expected recovery, the rise in central bank rates to...The global financial body expects the world economy to expand 2.9 percent this year, slowing from 2022 to a rate that remains weak by historical standards
The fund now sees Germany and Italy avoiding recessions, as European growth proved "more resilient than expected" despite war in Ukraine
- General public budget revenue grew 9.1 percent from 2021, excluding the impact of value-added tax credit refunds, according to the...
General public budget revenue grew 9.1 percent from 2021, excluding the impact of value-added tax credit refunds, according to the Ministry of Finance
Monday's data also shows that the country's general public budget spending expanded 6.1 percent year-on-year to 26.06 trillion yuan in 2022
- Production of the fuel reached 3.1 trillion cubic feet for the month of October, according to the most recently available...
The industry has been in growth mode since the summer of 2021 when Russia began trimming shipments to Europe, according to Steven Miles
In recent years, some 14 new liquefaction terminals have been approved in US, with the first set to begin operating in 2024
Linking of banking system with Russia is seen as an attempt by both the countries to get around the US...Linking of banking system with Russia is seen as an attempt by both the countries to get around the US economic sanctions
Iran's top authority, Supreme Leader Ali Khamenei, said on Monday that the country faced "a tangible welfare and livelihood problem."
