China’s economic recovery stalls as growth flags
The country's national bureau of statistics said that GDP grew 5.2 percent to hit 126 trillion yuan ($17.6 trillion) as...Economy
Saudi authorities reduce fee for recruiting domestic help
Riyadh, Saudi Arabia - Saudi Ministry of Human Resources and Social Development (MHRSD) announced on Monday that it has cut...Economy
World food prices fall slightly from record high over Ukraine war: FAO
World food prices fell slightly last month after hitting a record in March but remain high due to the Ukraine...International sanctions against Russia as well as export flow disruptions resulting from the February 24 invasion have sparked fears of a global hunger crisis.
Russia and Ukraine, whose vast grain-growing regions are among the world's main breadbaskets, account for a huge share of the globe's exports in several major commodities.
US economy adds 428,000 jobs in April: govt
The United States saw another strong month of hiring in April, with the economy adding a better-than-expected 428,000 jobs and...Major industries including leisure and hospitality, manufacturing and transportation added positions last month, the Labor Department reported
With the US economy facing its highest inflation level in decades, the data showed the pace of average hourly wage growth slowing last month
ECB rate could turn positive by year’s end: France
ECB interest rates could be back in positive territory by year's end, the head of the French central bank said...Any hike would be the ECB's first in over a decade and would lift rates from their current low levels
But pulling the trigger too soon risks hurting growth at a sensitive time for the European economy because of the war in Ukraine
Jordan’s central bank raises interest rate ‘to curb inflationary pressures’
The Central Bank of Jordan (CBJ) on Thursday decided to increase the interest rate on its various monetary policy instruments...The bank also decided to extend the bank’s refinancing program that targets 10 sectors of economy.
It decided to keep the refinancing programs’ interest rates unchanged to stand at 1 per cent for projects located in Amman and 0.5 per cent for projects in other governorates.
190k tourists visit Jordan during Eid al-Fitr, says official
Jordan witnessed active tourist movement during the vacation, Ministry of Tourism and Antiquities spokesperson Ahmad al-Rifae said.Jordan witnessed active tourist movement during the vacation, Ministry of Tourism and Antiquities spokesperson Ahmad al-Rifae said.
The country prepared shift programs in archaeological and public sites, and provided services to tourists and visitors during their stay
Adidas’s Q1 profit dips
German sportswear giant was hurt by China lockdowns.The group's net profit from its continuing operations fell to 310 million euros, from 502 million euros in the same quarter last year
The setback was accompanied by a three-percent drop in sales across the board, the group said in a statement
Turkey sees April inflation hit 69.97%, near 20-year high
Turkey is experiencing the highest inflation among major emerging markets and industrialized G20 economies.The inflation rate rose from 61.1 percent in March
On a monthly basis, prices rose by 7.25 percent
Fears mount for China’s economy as leaders dig in on zero-Covid
Mass testing of China's vast population could bring fresh misery to the economy, experts warned Friday, after Beijing vowed to...Authorities have refused to bend to mounting public outcry at food shortages and spartan quarantine conditions
China's government has brandished the strategy as proof that it values human life above material concerns
Lebanon expatriates cast votes in parliamentary election
Expatriates began voting at 7 am (0500 GMT) Beirut time on Friday in nine Arab countries and in Iran, while...This is the second time in the country's history that citizens residing abroad are able to vote for their 128 representatives
The elections are the first since protesters took to the streets in 2019 against the ruling elite, blamed for its economic collapse
Saudi-US cooperation to spur growth of digital content market in KSA
Saudi Arabia and United States Minister of IT, Eng. Abdullah bin Amer Al-Sawaha who is on a visit to the...Saudi Arabia and United States Minister of IT, Eng. Abdullah bin Amer Al-Sawaha who is on a visit to the US met the president and COO of Omnicom Media Group Daryl Simm
The meeting also included several specialized technological companies in the fields of FinTech, software, and administrating alternative investments
