Egypt food exports reach $5.5 billion in first 11 months of 2024
Egypt’s food exports reached $5.5 billion by November 2024, marking a 17% growth over 2023, with key markets including Arab nations, Europe, Africa, and the...
Tag : economic growth
Japan approves record $730 billion budget for fiscal year 2025
Japan approved a record $730 billion budget for fiscal 2025, prioritizing defense and social programs to address security concerns and rising costs from its aging...
China industrial profits fall 4.7 percent in first eleven months of 2024
China’s industrial profits fell 4.7 percent in the first eleven months of 2024, according to the National Bureau of Statistics, highlighting ongoing economic challenges....
DP World starts $1.2 billion port construction in Senegal’s Ndayane
DP World launches construction on Senegal’s $1.2 billion Port of Ndayane, designed to accommodate the largest container ships and transform the country into a major...
EU projects 0.9% GDP growth in 2024, signaling modest recovery
The EU forecasts modest GDP growth of 0.9% in 2024, with inflation falling sharply and economic stability gradually returning after prolonged stagnation and global economic...
UAE diamond trade set to hit $40 billion by year-end 2024
UAE’s diamond sector is projected to exceed $40 billion this year, boosting the nation’s rank as the third-largest global diamond market, per Ministry of Economy’s...
TECOM Group announces AED293 million profit for Q1 2024 with high growth
TECOM Group announced AED293 million net profit in Q1 2024, a 15% year-on-year increase, driven by record occupancy rates across its portfolio, as demand for...
BOJ keeps rate steady at 0.25% amid stable inflation projections
The Bank of Japan held its interest rate steady at 0.25% and updated its inflation forecast, predicting moderate stability in Japan’s economic growth through to...
Fed slashes rates by 50 basis points as inflation cools
The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and...
Saudi Arabia’s non-oil economy grows 4.9% in second quarter of 2024
Saudi Arabia’s non-oil economy grew 4.9% in Q2 2024, powered by financial and insurance gains, supporting the Kingdom’s Vision 2030 focus on reducing oil dependence....