Browsing: Economy

RIYADH: Saudi Arabia has signed a deal to establish a logistics zone in the port of Djibouti, leveraging Africa’s gateway to propel the Kingdom’s products and exports, fostering economic interplay. 

PARIS: Bruno Le Maire, the French minister of economy, finance, and industrial and digital sovereignty, highlighted “the closeness of our…

RIYADH: Saudi Arabia’s Public Investment Fund has initiated plans to issue sterling-denominated bonds, according to Arab News sources. The…

Purchase and sales transactions of foreign currency are carried out by the Bank of Russia on the domestic market in the currency section of Moscow Exchange in the ‘Chinese yuan-ruble’ instrument from May 8 to June 6, 2024

Mikhail Mishustin noted that since the creation of the EAEU, the volume of mutual trade has almost doubled, agricultural production has increased by more than a quarter, and industrial production by more than 20%

Participants in the oil and gas project on development of Kalamkas-sea and Khazar fields in the Kazakh sector of the Caspian Sea are going to raise over $6 bln of investments, the press service of the Energy Ministry of Kazakhstan said.

“In May 2024, the Russian automobile market continued its rapid growth by +72.5% compared to May last year,” Chairman of…

TASS-FACTBOX. The 27th St. Petersburg International Economic Forum (SPIEF) will take place on June 5-8, 2024. This year, SPIEF’s theme is “The Foundations of a Multipolar World – The Formation of New Areas of Growth.”

Severstal plans an increase in EBITDA in the amount of 150 bln rubles ($1.6 bln) by 2028, Chief Executive Officer Alexander Shevelev told TASS before the St. Petersburg International Economic Forum.

According to Yury Ushakov, the separate talks are to be held on the sidelines of the St. Petersburg International Economic…