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The European Central Bank (ECB) raised its policy interest rates once again in June, reaffirming its most aggressive tightening cycle on record in its efforts to return inflation to the target of 2 percent over the medium term, said Qatar National Bank…

The pound sterling rose Friday for the seventh consecutive day against the US dollar. According to British economic reports, the pound rose today to 1.31 dollars, while it settled against the euro at 1.168. Source: Jordan News Agency

Oil prices recorded slight gains on Friday, with global benchmark Brent crude hovering above $81 a barrel, as sentiment on US demand rose supported by supply disruptions in Libya and Nigeria. Brent and West Texas Intermediate crude futures rose for th…

European Union ministers of economy and finance exchanged views on financial support to Ukraine during their formal meeting in Brussels on Friday.They discussed the European Commission’s proposal to set up the Ukraine Facility of 50 billion euro (USD 5…

ABU DHABI, 12th July, 2023 (WAM) — Abu Dhabi Islamic Bank (ADIB) announced today that it has successfully raised US$750 million in the world’s first dollar denominated additional tier-one (AT1) perpetual sukuk issued since March 2023. ADIB, which is r…

SHIJIAZHUANG, 12th July, 2023 (WAM) — China’s marine economy, which encompasses industries ranging from navigation and fishery to shipbuilding, achieved a gross domestic product of over 9 trillion yuan (US$1.25 trillion) in 2022, reported state news …

According to the Ministry of Commerce’s business sector bulletin for Q2 2023, the number of commercial registers for promising sectors in the Kingdom, such as the cinema, arts and entertainment sectors, has grown.The bulletin showed a growth in the fil…

The High Commission for Planning (HCP) in Morocco predicted that the country’s economic growth rate would rise to 3.3 percent during the current year, and 3.6 percent next year, expecting a medium grain crop and an increase in exports.According to a r…