Browsing: Economy

The central bank said it had raised the repo rate, which it uses to inject money into the banking system, by 50 basis points to 8.50%

Members of the bloc can opt out of Brussels’ plan to use the frozen assets to buy weapons for Kiev, the outlet reports

A St. Petersburg-based plant formerly belonging to Japanese automaker Toyota has been handed over to Russian high-end carmaker Aurus, Russia’s acting Minister of Industry and Trade, Denis Manturov, said on Tuesday. The brand is best known for producing limos for the Russian president.

Saudi Arabia, a country historically synonymous with oil production, is making strides toward sustainability. Once reliant solely on its vast oil reserves, it is now embracing a green energy revolution that promises to reshape its economic landscape while safeguarding its environmental future.

The leader has held talks with French President Emmanuel Macron and EU Commission chief Ursula von der Leyen amid growing tensions

Mubadala Capital, the wholly owned subsidiary of Abu Dhabi sovereign investor Mubadala Investment Company, is planning to invest $13.5 billion in the biofuels sector in Brazil over the next decade.

Part of the hype is derived from what experts see as an impending tipping point, where theoretical science will soon become a reality

Africa is expected to become a major contributor to global growth over the coming century. But first, the continent must overcome several daunting challenges

The Minister of Local Development explained that investment was encouraged and private sector activities in the field of agricultural industrialization were promoted, through developing about 341 fixed technological centers

The main commodities imported by Egypt from Kuwait in the same year were: fuels, mineral oils, and distillation products ($2.7bln), organic chemicals ($12.2mln), plastics and related articles ($10.2mln), and iron and steel ($2.8mln)