Browsing: Business
MENA Newswire News Desk: The European Union (EU) imported 2.7 million tonnes of coffee from non-EU countries in 2023, with a total value of €10.6 billion, according to data from Eurostat, the EU’s statistical office. While the total volume of imports
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although future interest rate cuts will likely come in smaller increments. Speaking during a Q&A session
MENA Newswire News Desk: The Republic of Korea and the United Kingdom have officially launched a new high-level dialogue platform aimed at enhancing economic and financial ties between the two nations, according to an announcement by the Republic of Korea’s Ministry of Economy
MENA Newswire News Desk: Global rice prices declined on Monday following India’s decision to resume non-basmati white rice exports, marking a significant shift in the global rice market. India, the world’s largest rice exporter, lifted the export ban it imposed last
MENA Newswire News Desk: Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, marking the end of 142 years of coal-powered electricity in the country that ignited the Industrial Revolution. The plant, located in central England, officially ceased operations at
MENA Newswire News Desk: The OPEC Fund for International Development (OPEC Fund) has extended a US$10 million loan to Evocabank CJSC to enhance financial access for micro, small, and medium-sized enterprises (MSMEs) in Armenia. The loan will primarily focus on
MENA Newswire News Desk: Saudi Arabia has set a new record for poultry meat production in the first half of 2024, underscoring its ongoing efforts to enhance national food security. The Ministry of Environment, Water, and Agriculture announced a total
MENA Newswire News Desk: Russia continues to be a dominant player in the global energy market despite ongoing challenges, Russian President Vladimir Putin declared during the plenary session of the Russian Energy Week (REW) forum in Moscow, according to the
MENA Newswire News Desk: The Swiss National Bank (SNB) announced a 25 basis point cut to its policy rate on Thursday, bringing it down to 1.00%, marking the central bank’s third reduction in 2024. The move aligns with global trends, as both the European Central
MENA Newswire News Desk: Dubai, 26th September 2024 – The Dubai Multi Commodities Centre (DMCC) is set to host the inaugural Dubai Diamond Week from November 11th to 15th, marking the first global gathering of the diamond industry in Dubai.