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The South Korean government announced that a subsidiary of theirs had won an order worth $2.2 billion from the Egyptian government. This is for the construction of the country’s first nuclear power plant. El-Dabaa Nuclear Power Plant will be delivered
In a global wave of monetary tightening, the Bank of Japan needs to maintain massive stimulus to support an economy facing a resurgence of COVID-19 infections and slowing global demand, one of its board members said. On Thursday, BOJ board
In response to mounting supply tightness concerns over disruptions in Russian exports, the possibility of major producers cutting output, as well as the partial shutdown of a U.S. refinery, oil prices rose on Thursday. By 0400 GMT, Brent crude was
A record two-decade low in the euro was recorded on Tuesday as renewed concerns over an energy shock pushed inflation higher and made Europe more likely to become recession-prone. The Chinese yuan slid down to a two-year low on Monday,
Updated official figures published on Monday showed that Britain recorded its biggest drop in output in more than 300 years as it faced the brunt of the COVID-19 pandemic in 2020, Reuters reported. According to the Office for National Statistics,
According to the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS), Emirati investments increased by 169.1 percent during the first half of the fiscal year 2021-2022 to US$1.9 billion (AED6.98 billion), compared with US$712.6 million (AED2.617 billion) during the
In a statement, the head of Sri Lanka’s central bank said that he hopes that the government can reach a preliminary agreement with the International Monetary Fund (IMF) that might lead to a bailout package during this month’s visit by
As a result of rising oil prices, the increase in production in Arab oil-exporting countries, and continuing reforms that promote growth, the Arab countries are expected to grow at 5.4 percent in 2022, according to the Seventeenth Edition of the
A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange Commission filing,
In order to achieve the current financial year’s agro export target of over $23 billion, the Indian Commerce and Industry Ministry has developed an outreach strategy for agro exports. Three hundred events will be organized under the plan to boost