Browsing: Business

MENA Newswire News Desk: The World Trade Organization (WTO) Secretariat, under the leadership of Director-General Ngozi Okonjo-Iweala, has announced its agenda for participation at the upcoming COP29 Climate Change Conference in Baku, Azerbaijan. Scheduled for November, the WTO will collaborate

MENA Newswire News Desk: Russia’s gross domestic product (GDP) grew by 4.2 percent during the first eight months of 2024, Prime Minister Mikhail Mishustin announced at the Made in Russia Export Forum. The rise in GDP highlights the resilience of the

MENA Newswire News Desk: OPEC has revised its global oil demand growth forecast for 2024, reducing the previous estimate by 106,000 barrels per day (b/d). The organization’s latest report now projects a year-on-year increase of 1.9 million barrels per day (mb/d),

MENA Newswire News Desk: South Korea’s exports of information and communication technology (ICT) products surged for the 11th consecutive month in September, driven primarily by robust semiconductor sales. According to data from the Ministry of Science and ICT, outbound shipments

MENA Newswire News Desk: Global merchandise trade showed signs of recovery in the first half of 2024 with a year-on-year increase of 2.3%, according to the latest Global Trade Outlook report. The report anticipates moderate growth continuing through the end of

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