Browsing: Business
A survey released on Saturday showed that the manufacturing sector in China fell to a six-month slump in April due to lockdowns that were carried out in Shanghai and other manufacturing hubs in the wake of COVID-19 outbreaks that were
The US stock market plummeted on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic. The tech-heavy Nasdaq fell 4.2%, dragged
Tesla’s stock dropped 11 percent after the announcement of Elon Musk’s Twitter deal. Investor concerns with Musk’s $44 billion purchase of Twitter may explain some of the decline, as the decline came just one day after the board approved Musk’s
Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and Reliance Industries Limited (RIL), have signed the formal Shareholder Agreement for the TA’ZIZ EDC & PVC project. Reliance is India’s largest diversified conglomerate and a strategic partner with Abu Dhabi National
The annual inflation rate in Lebanon is the highest in the world according to recently announced Bloomberg data. As the financial meltdown in the Middle East nation worsens, Lebanon’s inflation rate has risen to the highest of all the countries
Arab Monetary Fund (AMF) and African Export-Import Bank (Afreximbank) signed a Memorandum of Understanding (MoU) to set the groundwork for cooperation and interoperability between Buna, the cross-border and multi-currency payment system owned by the AMF, and the Pan-African Payment and
Kuwait is eager to strengthen its cooperation with the International Labor Organization (ILO), according to a Kuwaiti diplomat. The Permanent Representative of Kuwait at the headquarters of the United Nations and international organizations in Geneva, Jamal Al-Ghunaim, said he and
According to a World Bank report, Iraq ranks higher than all Arab countries in terms of GDP growth in 2022 with 8.9 percent, exceeding the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent,
The International Monetary Fund (IMF) and the World Bank, which are meeting in Washington and are grappling with the impact of the Russian conflict with Ukraine, are focusing on the growing crisis of food insecurity and the skyrocketing prices of
Lebanon’s top diplomat, Foreign Minister Abdallah Bou Habib said said the country is eager to work with Cyprus on exploring potential natural gas deposits in waters between the two east Mediterranean countries, even though an offshore agreement hasn’t been finalized