Browsing: Economy

ABU DHABI: Abdullah bin Touq Al Marri, Minister of Economy, said that preliminary data for the UAE’s 2023 GDP showcases positive growth trends across various indicators, including key sectors crucial to the national economy, as outlined by the Federal Competitiveness and Statistics Centre.

RIYADH: Energy giant Saudi Aramco has completed the acquisition of a 40 percent equity stake in Gas & Oil Pakistan as the company continues its global retail expansion. 

The US Department of Labor on Thursday sued South Korean auto giant Hyundai Motor Co, an auto parts plant and a labor recruiter over illegal use of child labor in Alabama.

Gold investing has gained popularity in recent years due to the current economic climate, characterized by persistent inflation that has eroded the value of the US dollar and driven investors to seeking inflation-hedging assets such as commodities.

The US economy grew less than initially estimated in the first quarter of this year as consumer spending cooled, the government reported Thursday.

Russia’s Finance Ministry has submitted to the government a package of amendments to the country’s tax system, Rossiyskaya Gazeta reported on Tuesday. The changes aim to introduce a new progressive tax scale and amendments to the 2024-2026 budget legislation.

Western restrictions do not halt business but merely redirect it, the chairman of UAE’s main free-trade zone says

In a nation dominated by Wall Street, the strategy employed for combatting financial crises has seeped into other policymaking realms

Increasing duties on cereals, oilseeds and derived products is aimed at halting imports, according to the European Council 

The French leader has reportedly lobbied for a waiver for titanium, which is vital for aerospace giant Airbus