Browsing: trade

The US is on track to surpass China as Germany’s leading trade partner as soon as next year, Reuters reported this week, citing the German Chamber of Industry and Commerce (DIHK). China has held the top spot for the past seven years.   

The attacks, targeting a route that accounts for about 15% of the world’s shipping traffic, have pushed several shipping companie

RIYADH — Saudi non-oil exports to the African continent surpassed SR128 billion over the last five years (2019-2023), marking a significant milestone in the Kingdom’s trade expansion, the Saudi Press Agency (SPA) reported.

With traders now resigned to fewer rate cuts this year, they are also focusing on readings showing that US growth remained on track and jobs were still being created, all as inflation came down

Prime Minister Mostafa Madbouly announced a government initiative to allow real estate companies to sell units abroad in dollars, which would support exports and provide hard currency for the Egyptian economy

Swedish multinational conglomerate IKEA has extended its trademark rights in Russia for ten years, Russian media reported on Wednesday, citing the country’s intellectual property authority.

Maritime exports or Russian crude oil saw a strong recovery in the week to February 4 after two weeks of disruptions, Bloomberg reported on Tuesday, adding that the flows from the country’s major ports were record-equaling.

Washington paused approvals for new gas export terminals for what it called climate-change reasons

Gasoline production in Russia saw a year-on-year decrease of nearly 2% last month due to an accident at one of Russia’s major processing plants and to Ukrainian drone attacks targeting several other refineries, Kommersant reported on Monday.

The share of national currencies in the EAEU’s trade currently amounts to 90%, according to Russian Prime Minister Mikhail Mishustin