Browsing: Business

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: 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: 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 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 UAE’s insurance sector saw significant growth in 2023, with total profits reaching AED 2.5 billion, according to a report released by the Central Bank of the UAE (CBUAE). This marks a notable increase from

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: 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 United Arab Emirates and New Zealand have successfully concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in strengthening economic ties between the two nations. The agreement, once finalized, aims to

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,