Browsing: Business

Business confidence among Japan’s major manufacturers improved slightly in December, according to the Bank of Japan’s latest Tankan survey released on Friday. The sentiment index rose to 14, up from 13 in September, signaling cautious optimism among companies such as carmakers and

The Asian Development Bank (ADB) has revised South Korea’s 2025 economic growth forecast downward to 2 percent, according to an announcement by Seoul’s finance ministry on Wednesday. The adjustment reflects a 0.3 percentage-point decrease from the bank’s previous projection made in

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 surplus reached $9.78 billion

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 Trading System (EU ETS), underscoring

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’ processing capacity by 20%,

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 was completed following

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 Globally? highlights that

MENA Newswire News Desk: Germany has reported a notable increase in corporate insolvencies, with October 2024 registering a 22.9% rise compared to the same month last year. According to data from the Federal Statistical Office (Destatis), corporate insolvencies reached 1,937 in October, up

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 Chinese manufacturing.

MENA Newswire News Desk: The Ports, Customs, and Free Zone Corporation (PCFC) has officially launched the “Dubai Code for Ports,” a global first in maritime infrastructure. This comprehensive technical guide establishes a detailed framework of specifications and standards for port, marina, and maritime activity