Browsing: Economy

TOKYO: Asian factory activity expanded in May as manufacturers benefited from broadening global demand, private surveys showed on Monday, adding to hopes for sustained economic recovery in the region where China is showing early signs of rebound.

Russia’s finance ministry has raised its estimate of this year’s budget deficit to 2.12 trillion roubles ($23.76 billion) or 1.1% of gross domestic product, according to budget amendments submitted by the government to parliament.

Riyadh – Saudi Export-Import Bank (Saudi EXIM) has signed a non-binding agreement with Australia’s Macquarie Group for credit facilities worth $500 million.

Imposing sanctions on the Russian nuclear industry would only “hurt” the European Union, the head of the International Atomic Energy Agency (IAEA), Rafael Grossi, has warned.   

Türkiye’s exports to Israel came to a standstill in May, after the country’s government suspended all trade with the Jewish state in response to the IOF operations in Gaza, Bloomberg reported on Monday.

CAIRO: Saudi Arabia’s startup ecosystem has affirmed its leading position in the funding space, capturing over 53 percent of the region’s venture debt financing in 2023, according to MAGNiTT’s latest report.

RIYADH: The global liquefied natural gas supply is set to surge by 80 percent by 2030, driven by new projects in Qatar and North America, a new analysis showed. 

RIYADH: Energy giant Aramco has begun the sale of more than $10 billion worth of shares in what is the second public offering from the Saudi-based firm.

Two decades ago, countries began to ditch their national currencies to adopt the euro With Europeans heading to the polls…

This initiative of the digital platform aligns with the tenth Five-Year Plan and supports the national priority of governance Muscat…