Russian fast-food chain Vkusno i Tochka, which replaced McDonald’s after the US company left the country due to sanctions, more than doubled its revenues last year, according to an earnings report cited by Interfax.

Azerbaijan is a flourishing market and is not re-exporting vehicles to the sanctioned country, a British motoring group has claimed

AMMAN — Jordanian exports to Saudi Arabia rose in 2023 to JD984 million, by an increase of 7.1 per cent, compared to JD840 million in 2022, topping the list of Jordanian exports to countries of the Greater Arab Free Trade Area.

The Japanese yen tumbled on Tuesday after the central bank made the momentous, but widely anticipated, decision to end its negative interest rate policy, while the dollar rose ahead of the upcoming Federal Reserve decision on rates.

Gold prices drifted lower on Tuesday as the U.S. dollar firmed, while investors await remarks from U.S. Federal Reserve Chair Jerome Powell scheduled to speak after the central bank’s policy meeting wraps up on Wednesday.

Egypt will allocate more than 125 billion Egyptian pounds ($2.66 billion) for bread subsidies in its 2024/2025 state budget, a finance ministry statement said on Tuesday citing Finance Minister Mohamed Mait.