Browsing: Business

MENA Newswire News Desk: The International Monetary Fund (IMF) has announced a significant reduction in borrowing costs for its member countries, cutting these costs by 36%, or approximately $1.2 billion annually. The change comes as part of broader reforms aimed

MENA Newswire News Desk: Vietnam’s food and beverage (F&B) industry is expected to reach a value of VND720 trillion (US$29.8 billion) by the end of 2024, representing a 10.92% increase, according to a forecast by the Ministry of Industry and

MENA Newswire News Desk: Abu Dhabi-based investment and holding company ADQ has appointed Modon Holding PSC as the master developer for the Ras El Hekma megaproject in Egypt. The announcement was made in the presence of President Sheikh Mohamed bin Zayed Al Nahyan and Egypt’s President Abdel Fattah El-Sisi,

MENA Newswire News Desk: The European Union imported €478 billion worth of high-tech products in 2023, representing a slight drop of 1 percent compared to the previous year, according to figures released by Eurostat. At the same time, the EU’s

MENA Newswire News Desk: The Global Commission on People-Centred Clean Energy Transitions, recently established by the International Energy Agency (IEA), convened for the first time in Foz do Iguaçu, Brazil, alongside the G20 energy ministers meeting. The discussions focused on

MENA Newswire News Desk: – The U.S. economy added 254,000 jobs in September, significantly surpassing economists’ projections, according to data released by the Bureau of Labor Statistics (BLS). This unexpected surge in employment brought the unemployment rate down to 4.1%,

MENA Newswire News Desk: The United Arab Emirates, represented by the Ministry of Energy and Infrastructure, participated in the BRICS Ministers of Energy meeting held in Moscow, Russia, reaffirming the country’s commitment to international energy collaboration and sustainable development. Eng. Sharif Al Olama, Undersecretary of Energy

MENA Newswire News Desk: The International Finance Corporation (IFC), a member of the World Bank Group, achieved record-breaking financing of $56 billion during the fiscal year ending June 30, 2024. Of this total, 40% was allocated to climate-related projects from

MENA Newswire News Desk: Kuwait crude oil prices saw a sharp increase of $4.5, reaching $75.40 per barrel on Wednesday, compared to $70.90 the previous day, according to the Kuwait Petroleum Corporation (KPC). This significant rise follows a surge in

MENA Newswire News Desk: The Abu Dhabi Securities Exchange (ADX) executed 15 large direct transactions today, involving shares from ADNOC Gas Plc and Modon Holding PSC. The total value of these deals reached AED2.66 billion, according to data released by the ADX. The most significant portion of