Browsing: Economy

The tech-heavy Nasdaq Composite Index, boosted by chips, enjoyed a more substantial advance, with the S&P 500 nominally higher

Those countries — ranging from China, the world’s second-largest economy, to default-prone Argentina — have become so embedded in the global economy, particularly via trade and commodity value chains, that they are “no longer simply on the receiving end of global shocks”

Europe’s broad STOXX 600 index rose 0.6% recovering after a drop the day before and heading back towards a record high, while MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7%

Finance ministry officials said in a briefing the government would aim to cut an extra 10 billion euros ($11 billion) in public spending in 2024

According to a recent report by the Oxford Business Group, Kuwait commenced 2024 from a position of economic strength, benefiting from improved financial balances

The announcement followed a record $35bln investment deal with UAE and coincided with a sharp devaluation of the currency and a 600-basis-point increase in the central bank’s overnight interest rates, breathing new life into Egypt’s flagging finances

RIYADH: Saudi Arabia’s Industrial Production Index edged up 1 percent in February, compared to the previous month, driven by a rise in manufacturing activities. 

RIYADH: Saudi Arabia’s Tadawul All Share Index posted an annual gain of 1,811.46 points, or 17.11 percent, to reach 12,401.56 at the end of the first quarter of 2024, official data showed. 

RIYADH: Ports in Saudi Arabia recorded a 12.48 percent increase in the number of received containers in March compared to the same period last year, official data showed. 

RIYADH: Bahrain’s economy registered an annual increase of 2.4 percent in 2023 to hit 13.66 billion dinars ($36.24 billion), driven by financial project expansions, official data showed.