EU projects 0.9% GDP growth in 2024, signaling modest recovery
MENA Newswire News Desk: The European Commission’s Autumn Forecast has projected modest GDP growth for the European Union (EU) in 2024, marking a gradual recovery...
Tag : economic growth
UAE diamond trade set to hit $40 billion by year-end 2024
MENA Newswire News Desk: The United Arab Emirates (UAE) is set to exceed $40 billion in diamond trade this year, according to Juma Al Kait,...
TECOM Group announces AED293 million profit for Q1 2024 with high growth
MENA Newswire News Desk: TECOM Group has reported a net profit of AED293 million for the first quarter of 2024, marking a 15% increase compared...
BOJ keeps rate steady at 0.25% amid stable inflation projections
MENA Newswire News Desk: The Bank of Japan (BOJ) announced Thursday that it will maintain its policy interest rate at 0.25%, marking a continuation of...
Fed slashes rates by 50 basis points as inflation cools
MENA Newswire News Desk: The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage point, marking the first reduction since the...
Saudi Arabia’s non-oil economy grows 4.9% in second quarter of 2024
MENA Newswire News Desk: Saudi Arabia’s non-oil activities surged by 4.9% year-on-year in the second quarter of 2024, propelled by robust growth in the financial and...
PM Modi lays foundation stone for India’s largest deep-water port
India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone,...
PM Modi lays foundation stone for India’s largest deep-water port
India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone,...
Saudi Arabia’s FDI stock surges to $215 billion in 2023
Saudi Arabia's Foreign Direct Investment (FDI) has experienced significant growth, reaching nearly $215 billion in 2023. Khalid Al Falih, the Saudi Minister of Investment, attributes...
UAE economy shows robust growth in non-oil sectors
The United Arab Emirates is experiencing continued growth in key economic sectors, according to the latest report from the Organisation of the Petroleum Exporting Countries...