The Bank of England (BoE) announced its first interest rate cut of 2025 on Thursday, reducing the benchmark rate by 25 basis points to 4.5%. The decision, made amid concerns over sluggish economic growth, saw...
Tag : economic growth
The euro zone economy stagnated in the fourth quarter of 2024, registering zero growth, according to preliminary data released by Eurostat on Thursday. The figure fell short of economists' expectations of a 0.1% expansion and...
Egypt's food industry exports surged to approximately $5.5 billion in the first 11 months of 2024, reflecting a 17% increase from the $4.7 billion recorded during the same period in 2023. This $813 million rise...
Japan’s government has approved a record 115.54 trillion yen ($730 billion) draft budget for fiscal year 2025. The new budget, set to begin in April 2025, surpasses the previous record of 114.38 trillion yen established...
China’s National Bureau of Statistics reported a 4.7 percent decline in the combined profits of major industrial enterprises for the January-to-November period of 2024. The data, released on Friday, highlights ongoing pressures on the country’s...
DP World has commenced maritime construction on the $1.2 billion Port of Ndayane in Senegal, marking a pivotal step in establishing the country as a major hub for global trade. The arrival of the dredger...
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 after a period of economic stagnation. The EU’s GDP is...
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, Assistant Undersecretary for International Trade Affairs at the Ministry of...
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 to the same period last year. This performance reflects solid...
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 its ultra-loose monetary approach. The BOJ stated that this decision...