Browsing: Economy

NEW YORK/LONDON – World stocks climbed and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, while signaling that further moves could take a while.

Nonfarm payrolls rose 272,000 in May, compared with the 185,000 expected, and average hourly earnings rose 4.1% from a year ago

Likewise, workers’ remittances edged up 4%, from TND 2.8 billion by the end of May 2023 to nearly TND 3 billion now

Ghana’s gold production rose 8.3% to 4 million ounces in 2023, data from the Ghana Chamber of Mines showed on Friday.

The new initiative unifies procedures for registering economic licences across the Emirate and its free zones

The emirate ranked first globally as the top destination for job creation and capital inflows in the cultural and creative industries (CCI) sector, out of 115 other destinations in the report

RIYADH: Saudi banks’ real estate loan portfolios reached SR800.5 billion ($213.5 billion) in the first quarter of 2024, a 13 percent increase from the same period last year, the latest official data showed. 

RIYADH: Energy investment in the Middle East is projected to reach approximately $175 billion in 2024, with clean resources accounting for around 15 percent of the total, a new report disclosed. 

RIYADH: Saudi Arabia is set to raise over $11.2 billion by selling shares in oil giant Aramco to fund its spending plans, after pricing its stock at SR27.25 ($7.27), the company announced.

The trend has largely been driven by non-resource sectors, the president has said The Russian economy is growing more quickly…