The meeting also reviewed the promotional status of the authority during the first half of the current fiscal year 23-24, which included 48 projects receiving final approval with total investments of $991mln

In 2022, the volume of trade exchange between the State of Qatar and Hungary reached about $77mln

An estimated $61bln export opportunity for India to the key MENAT markets, with top destinations including the UAE, Saudi Arabia and Turkey

The US is on track to surpass China as Germany’s leading trade partner as soon as next year, Reuters reported this week, citing the German Chamber of Industry and Commerce (DIHK). China has held the top spot for the past seven years.   

The global oil market will face a supply shortage by the end of 2025 as crude reserves are not being replaced fast enough, Vicki Hollub, the CEO of US energy firm Occidental, warned in an interview with CNBC published this week. 

The German economy is in for a difficult year after contracting in the final quarter of 2023, as inflation and high interest rates continue to weigh on the industry, Bloomberg reported this week, citing analysts.