Browsing: Economy

Oil prices fell in choppy trade on Thursday, and looked set to snap a two-session streak during which they gained about 3 percent due to growing supply risks amid simmering tensions in the Middle East

RIYADH: Saudi Arabia and Djibouti are forging a significant new maritime initiative aimed at strengthening trade connections and boosting economic ties between the two countries. 

Wall Street’s main indexes advanced on Wednesday, aided by a dovish turn by Japan’s top policymaker after a surprise interest rate hike last week which partly sparked heavy volatility in global markets.

Japan’s Nikkei 225 plunged more than 12% on Monday in what was the biggest single-day drop since ‘Black Monday’ in 1987.

Egypt is developing a national employment strategy aimed at creating new jobs and equipping its workforce with the skills needed for the future

East African Community (EAC) member States are moving towards the tail end of reviewing fees, levies and charges imposed by members on essential goods and services in the transport and agriculture sector, which have frequently sparked trade wars and choked intra-regional trade in the eight-member economic bloc.

Several countries want to change their status in the Shanghai Cooperation Organization and work more closely with the association, Putin calls to expand the use of the digital ruble, and Venezuela’s Maduro believes he’s a shoo-in to be re-elected as president. These stories topped Thursday’s newspaper headlines across Russia.

European stock markets opened Monday at a nearly six-month low, the media reported, amid a global sell-off fueled by concerns about a slowdown in US economic growth

The Bank of Russia carries out purchase and sale operations on the domestic market in the currency section of the Moscow Exchange in the yuan-ruble instrument

Amid endless sanctions and Russia’s disconnection from SWIFT, the Bank of Russia has developed its own payment system, which many countries have already joined, Valentina Matviyenko noted