Browsing: Economy

Madbouly underscored the government’s dedication to the policy, citing the Cabinet’s recent endorsement of a bill to form a central authority to supervise state enterprises

China sold a record number of US bonds in the first quarter of this year, highlighting the country’s shift away from dollar assets, the latest data from the US Treasury Department reveals.

RIYADH: Saudi banks’ money supply rose 8 percent in March, as compared to the same month last year, to reach SR2.82 trillion ($753 billion), official data showed.

Malaysia’s economy expanded 4.2 percent in the first quarter of 2024 from a year earlier, beating market expectations on higher household spending and a turnaround in exports, government and central bank data showed on Friday.

The British, German and French economies are among those which would be hurt the most if they saw their trade ties cut with no chance of parallel imports, analysts claim

The economy expanded in the first quarter despite Western sanctions, according to the national statistics service

The transit line through Ukraine remains the only route for Russian gas supplies to western and central European countries

Russia saw a surge in foreign tourism in the first quarter of 2024, with almost 219,000 arrivals recorded, according to the Association of Tour Operators of Russia (ATOR). Chinese tourists accounted for almost half of this figure.

The decision to switch mostly to rubles and yuan was “timely” and has led to a strong boost in trade, the president says

The West’s import bans and restrictions on numerous Russian and Chinese products will drive up inflation in the US, Russian President Vladimir Putin has warned.