Browsing: Economy

HAMBURG – Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on Wednesday.

Three-month copper on the London Metal Exchange was down 1.3% at $9,698 a metric ton in official rings. It touched $9,988 a ton on Monday, testing the $10,000 mark

Spot gold was down 0.7% to $2,311.07 per ounce by 9:09 a.m. ET (1309 GMT) after earlier hitting its lowest since April 5

LONDON/SINGAPORE – World stocks rose on Wednesday led by tech names as investors’ focus shifts to earnings from U.S. megacap bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities.

Such borrowing risks undermining the economy by expanding the money supply, fuelling inflation and causing the exchange rate to weaken against foreign currencies, economists say

The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the Fund said on Wednesday.

The UAE suffered the heaviest rains this month in 75 years, causing widespread flooding which trapped residents in traffic, offices and homes

RIYADH: Since the launch of Vision 2030, Saudi Arabia has witnessed a fundamental shift in its economy and the business environment is transforming with the creation of new sectors, said the Kingdom’s economy minister.

RIYADH: Saudi Arabia’s non-oil exports, including re-exports, saw a surge of 4.4 percent in February compared to the same period of 2023, official data showed. 

Lawmakers in Washington are reportedly working on measures to cut off sanctioned lenders from the global financial system