Browsing: Business

MENA Newswire News Desk: The Republic of Korea recorded its sixth consecutive monthly current account surplus in October, bolstered by strong exports of semiconductors and automobiles, according to data released by the Bank of Korea on Friday. The current account

MENA Newswire News Desk: The European Commission (EC) has unveiled a €4.6 billion investment initiative to support decarbonization technologies and clean hydrogen projects. Announced on December 3, 2024, the funding will be sourced from revenues generated by the EU Emissions

MENA Newswire News Desk: ADNOC Gas plc has awarded the Front-End Engineering and Design (FEED) contract for new gas processing facilities at the Bab Gas Cap (BGC) to Worley Engineering Pty Ltd. The project is set to increase ADNOC Gas’

MENA Newswire News Desk: Abu Dhabi Future Energy Company PJSC (Masdar) has finalized the acquisition of a 70% stake in TERNA ENERGY SA, a leading renewable energy firm, marking a milestone for the EU’s renewable energy sector. The deal, which

MENA Newswire News Desk: Wage inequality has declined in approximately two-thirds of countries since the turn of the century, according to a newly released report by the International Labour Organisation (ILO). The Global Wage Report 2024-25: Is Wage Inequality Decreasing

MENA Newswire News Desk: U.S. Treasury yields declined on Wednesday as investors awaited the release of the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) index, along with other key economic data. The markets also absorbed insights from

MENA Newswire News Desk: The UAE’s non-oil economy is projected to grow by 4.7% in 2024, according to Michael Bolliger, Chief Investment Officer for Global Emerging Markets at UBS Global Wealth Management. Bolliger attributed the robust growth forecast to the

MENA Newswire News Desk: The United Kingdom’s Consumer Prices Index (CPI) rose to 2.3% in October 2024, up from 1.7% in September, surpassing the Bank of England’s 2% target. This marks the highest inflation rate in six months, largely driven

MENA Newswire News Desk: U.S. businesses are stockpiling goods from China in anticipation of a 60% tariff on Chinese imports proposed by President-elect Donald Trump. The planned policy, central to Trump’s second-term agenda, has raised concerns among companies reliant on

MENA Newswire News Desk: Boeing has issued layoff notices to 438 employees as part of a broader workforce reduction plan aimed at addressing the company’s ongoing financial and operational challenges. The impacted workers, notified last week, are expected to remain