Browsing: Business

MENA Newswire, SEOUL: South Korea’s agricultural and food exports rose to a record US$10.2 billion in 2025, as overseas demand for Korean farm produce and processed food items remained strong, according to data released by the Korea Agro-Fisheries and Food

WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show the measures raised costs inside the United States while leaving the core U.S. goods trade deficit with

MENA Newswire, NEW YORK: The six largest U.S. banks trimmed their combined workforce by about 10,600 positions in 2025, the biggest annual net reduction on Wall Street since 2016, according to year-end headcount totals reported by the firms. The decline

MENA Newswire, NEW YORK: U.S. stocks rebounded Thursday as a renewed rally in semiconductor shares helped lift major indexes, while smaller companies continued to outperform in a broadening advance. Traders pointed to a surge in chip-related names after Taiwan Semiconductor

MENA Newswire, CAIRO: Egypt’s economy is forecast to grow by 4.8 percent in the 2026/2027 fiscal year, according to the World Bank’s latest Global Economic Prospects report, signalling a steady acceleration in growth following a period of economic strain. The

MENA Newswire, BUENOS AIRES: Argentina has repaid the United States $2.5 billion that it drew under a short term currency swap credit line from the U.S. Treasury, completing the repayment by the end of December 2025, according to statements from

WASHINGTON: U.S. President Donald Trump said the United States would impose a 25 percent tariff on goods imported from any country that continues commercial dealings with Iran, a sweeping declaration delivered without a signed executive order, published legal framework, or

MENA Newswire, ABU DHABI: The World Bank has forecast that the United Arab Emirates economy will grow by 5 percent in 2026 and 5.1 percent in 2027, positioning the country among the fastest growing economies in the Middle East and

MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among a small group of companies to reach that valuation threshold. The

MENA Newswire, NEW YORK: U.S. stock indexes ended Monday at record closing highs, with the Dow Jones Industrial Average and the S&P 500 posting modest gains, as investors balanced strength in select corporate shares against heightened political pressure on the