Browsing: Business
In a statement, the head of Sri Lanka’s central bank said that he hopes that the government can reach a preliminary agreement with the International Monetary Fund (IMF) that might lead to a bailout package during this month’s visit by
As a result of rising oil prices, the increase in production in Arab oil-exporting countries, and continuing reforms that promote growth, the Arab countries are expected to grow at 5.4 percent in 2022, according to the Seventeenth Edition of the
A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange Commission filing,
In order to achieve the current financial year’s agro export target of over $23 billion, the Indian Commerce and Industry Ministry has developed an outreach strategy for agro exports. Three hundred events will be organized under the plan to boost
Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development (SFD), received a delegation from the Republic of Chad today led by Issa Dobran, the Chadian President’s Advisor. Zakaria Fadel Kater, Ambassador to the Kingdom of Saudi Arabia, also
In response to Nigerian President Muhammadu Buhari’s approval of the $1.28 billion sale of shares in Exxon Mobil’s Nigerian unit to Seplat, Nigeria’s petroleum regulator said it stood by its refusal to approve the deal. Under a newly enacted petroleum
An international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman and buyer-seller meetings in the UAE on agricultural and food products with registered geographical indications (GIs) tags, as well as a mango festival in Bahrain, resulted in
In the wake of the developments in Ukraine, food prices fell for the fourth consecutive month in July, according to the Food and Agricultural Organization (FAO). As expected, the UN agency has published its latest Food Price Index, a barometer
A joint development agreement between Masdar and Tanzania Electric Supply Company Ltd. (TANESCO) has been signed regarding the development of renewable energy projects up to 2 gigawatts (GW). The signing was attended by Hon. January Makamba, Minister for Energy for
The UAE has witnessed significant growth in Foreign Direct Investment (FDI) in the recent years, despite the COVID-19 pandemic. The Ministry of Economy reported that during the past decade, FDIs increased by 116 percent, amounting to US$20.667 billion in 2021