Browsing: Economy

Brussels needs and an “emergency mechanism” in case its plan to fund Kiev with Russia’s money backfires, an EU official has said

Russia’s economy has continued to overcome hardships while growing stronger, The Economist wrote in an editorial on Sunday.

RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,555.72 points on Monday, losing 62.90 points or 0.50 percent.  

RIYADH: Saudi Arabian Oil Co. has announced a net income of $121.3 billion in its full-year 2023 financial results, marking the second-highest in its history. 

Austria’s Raiffeisen Bank International, the biggest foreign lender in Russia, risks “being cut off from the US financial system” if it is found to have helped fund Russia’s military, according to the US Treasury  Department, as cited by Reuters.

According to data provided by energy company Enagas, Spain bought the equivalent of 5,337 GWh of LNG from Russia in February

Africa’s biggest producer is trying to halt a flight of investment capital from its onshore fields by oil majors fleeing assets prone to spills caused by attacks including sabotage and vandalism

Zambia is planning to start rationing electricity next week as a devastating drought that has been declared a national disaster affects hydropower generation, as well as food production

The diversified South African miner’s headline earnings declined to $158.5mln in the six months to December 2023

Doha: Qatar’s non-energy private sector recorded a stronger improvement in business conditions in February, according to the latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) compiled by S&P Global. Output and employment both increased at faster rates, and new business growth was maintained. Companies were also able to make progress on volumes of outstanding work during the month, and the 12-month outlook improved. The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies. The panel covers the manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data.