Browsing: Economy

Thailand’s government unveiled a billion-dollar handout scheme on Wednesday that it hopes will boost the flagging economy but warned recipients would not be allowed to spend the money on marijuana, jeweler or lottery tickets.

Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States.

SINGAPORE: Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amidst expectations of plentiful supplies and weak demand, while brushing off the US presidential campaign upheaval, according to Reuters.

RIYADH: ​​Saudi Arabia and Turkiye are working to enhance cooperation in the industrial and mining sectors following recent high-level meetings.

RIYADH: The UAE’s debt capital market outstanding surged by 11.8 percent annually to $281 billion in the first half of this year, with 71.5 percent of US-denominated dollars, a new report has revealed.

RIYADH: Global sukuk issuances reached $91.9 billion in the first half of 2024, marking a marginal year-on-year increase of 0.87 percent, driven by issuers from Saudi Arabia and the UAE. 

RIYADH: Saudi Arabia’s annual inflation rate reached 1.5 percent in June compared to the same month last year, driven primarily by rising housing costs, according to the latest data. 

Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with the country’s ambitions.

Newly insured members under the new law receive 2.67 percent of the pension rate for each year of their contribution period for up to 30 years

European stocks edged downwards after a divergent performance in Asia, with the focus mainly on developments in the United States after Trump was wounded Saturday