Browsing: Business

Indian Finance Minister Nirmala Sitharaman said the Indian economy will grow at 7.4 percent this fiscal year and next. International Monetary Fund (IMF) and World Bank projections for India’s growth for the next two fiscal years are in line with Reserve

China’s industrial firms reported a drop in profits in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages caused by heatwaves threatened production during the summer. On Saturday, the National Bureau

In an official visit to Saudi Arabia, Bahrain’s Minister of Transportation and Telecommunications, Mohammed bin Thamer Al Ka’abi, met with the Kingdom’s Minister of Transportation and Logistic Services, Eng. Saleh bin Nasser Al Jasser. As a result of the care

During a conference in Tunisia this weekend, Japan will pledge $30 billion in aid for African development, the Sankei Shimbun reported on Friday. During the Tokyo International Conference on African Development (TICAD), Prime Minister Fumio Kishida will announce the aid,

According to a report by Middle East News Agency, the Central Bank of Egypt (CBE) has decided to remove the maximum limits on cash deposits for individuals and businesses at bank branches as well as through ATMs as part of

The South Korean government announced that a subsidiary of theirs had won an order worth $2.2 billion from the Egyptian government. This is for the construction of the country’s first nuclear power plant. El-Dabaa Nuclear Power Plant will be delivered

An initial meeting of the Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) was held under the chairmanship of Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Chairman of the Securities and Commodities

In a global wave of monetary tightening, the Bank of Japan needs to maintain massive stimulus to support an economy facing a resurgence of COVID-19 infections and slowing global demand, one of its board members said. On Thursday, BOJ board

In response to mounting supply tightness concerns over disruptions in Russian exports, the possibility of major producers cutting output, as well as the partial shutdown of a U.S. refinery, oil prices rose on Thursday. By 0400 GMT, Brent crude was

As part of its continued expansion plans, ADNOC Drilling Company (ADNOC Drilling) has signed an agreement with a major oil and gas company to acquire an additional jack-up drill (rig) for the price of $70 million. The cost of the