Economy

CBUAE issues monetary and banking developments

The Central Bank announced that the Money Supply aggregate M1 decreased by 0.2%, from AED 799.3 billion at the end of October...

Germany unveils huge electricity price relief for industry

Germany announced on Thursday a huge relief package including tax cuts on electricity for the manufacturing sector, in a bid to shore...

South Korea recorded a current account surplus for the fifth consecutive month in September

Source: Yonhap South Korea recorded a current account surplus for the fifth straight month in September on the back of a widening trade...

IMF board approves move to boost lending resources

The International Monetary Fund said its executive board has endorsed a 50 percent increase in the quotas that member countries contribute to...

German industrial output drops more than expected

German industrial output showed a bigger slump than expected in September, official data showed Tuesday, in signs that Europe's biggest economy is...

by auto strike.. US hiring slows to 150,000, dragged down

Job growth in the United States cooled in October, according to government data released Friday, in part dragged down by an auto...

Somalia: The Prime Minister praises the private sector and its role in developing the economy

Somali Prime Minister, Hamza Abdi Barre, said that the private sector is of great importance in the growth of the country’s economy. Speaking...

The Istanbul Stock Exchange index fell by 0.23% at the opening of the week

Source: Turkish media The BIST 100 index on the Istanbul Stock Exchange witnessed a decline of 0.23% at the opening of the week,...

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