Browsing: Economy

Skyrocketing energy prices sent real wages plummeting in 2022 more than in any year since 1950, new research has shown.

Azerbaijan is a flourishing market and is not re-exporting vehicles to the sanctioned country, a British motoring group has claimed

The European Parliament has extended the suspension of all tariffs and quotas on Ukrainian agricultural food imports to the EU until June 2025, it announced on Wednesday.

AMMAN — Jordanian exports to Saudi Arabia rose in 2023 to JD984 million, by an increase of 7.1 per cent, compared to JD840 million in 2022, topping the list of Jordanian exports to countries of the Greater Arab Free Trade Area.

The Japanese yen tumbled on Tuesday after the central bank made the momentous, but widely anticipated, decision to end its negative interest rate policy, while the dollar rose ahead of the upcoming Federal Reserve decision on rates.

RIYADH: Egypt’s economy witnessed an uptick in ratings as S&P Global upgraded its outlook for the country to positive from stable.

RIYADH: Investors eyeing opportunities in Saudi Arabia’s mining sector stand to gain from a new incentive package totaling nearly SR685 million ($182 million) in financial facilitation.

RIYADH: Saudi Arabia’s Public Investment Fund has soared in an annual global ranking of sovereign wealth organizations, thanks to a 55 percent increase in assets under management.

RIYADH: Saudi Arabia offers significant growth potential for foreign banks operating in the Kingdom to meet the increasing demand from Chinese clients, according to a senior banker. 

NEW DELHI: Oil prices ticked up in Asian trade on Monday, extending gains from last week when prices rose nearly 4 percent on the view that supply was tightening, with the risks heightened by further attacks on Russian energy infrastructure, according to Reuters.