Browsing: Business

MENA Newswire News Desk: The value of Russia’s gold holdings exceeded $200 billion for the first time in October, marking a historic milestone as bullion’s share in the country’s international reserves climbed to 32.9%, according to The Bank of Russia. The central bank

MENA Newswire News Desk:  The European Union (EU) has reaffirmed its commitment to advancing global climate initiatives, pledging robust support for finance and investment targets aimed at tackling climate change during the 29th Conference of the Parties (COP29) under the United Nations Framework Convention

MENA Newswire News Desk: Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported robust financial growth for the third quarter of 2024, as per results prepared under International Financial Reporting Standards (IFRS). The Group’s revenue reached AED 1.3 billion, supported

MENA Newswire News Desk: The United Arab Emirates (UAE) is projected to see its Gross Domestic Product (GDP) grow by 3.3 percent in 2024 and rise to 4.1 percent in 2025, according to the latest semi-annual Middle East and North

MENA Newswire News Desk: Sustainable bond issuances in the Middle East amounted to $16.7 billion during the first nine months of 2024, according to a new report from S&P Global Ratings. The report highlights a decline of 18% compared to

MENA Newswire News Desk: Russia’s gross domestic product (GDP) grew by 4.2 percent during the first eight months of 2024, Prime Minister Mikhail Mishustin announced at the Made in Russia Export Forum. The rise in GDP highlights the resilience of the

MENA Newswire News Desk: OPEC has revised its global oil demand growth forecast for 2024, reducing the previous estimate by 106,000 barrels per day (b/d). The organization’s latest report now projects a year-on-year increase of 1.9 million barrels per day (mb/d),

MENA Newswire News Desk: Global merchandise trade showed signs of recovery in the first half of 2024 with a year-on-year increase of 2.3%, according to the latest Global Trade Outlook report. The report anticipates moderate growth continuing through the end of

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