Production

SEOUL, 9th July, 2023 (WAM) — The South Korean economy appears to have passed its nadir recently on the back of the recovery in the manufacturing sector, a state-run think tank said Sunday. The assessment came after Asia’s fourth-largest economy saw i…

PARIS, 9th July 2023, (WAM) Global trade in agricultural commodities is projected to expand by 1.3 percent annually – half the pace recorded in the past decade – due mostly to slower growth in demand by middle-income countries, according to a report r…

BEIJING, 9th July, 2023 (WAM) – Zhang Xiangchen, Deputy Director-General of the World Trade Organization (WTO), has underscored the importance of concerted efforts to sustain and bolster free trade amidst a downturn in globalization, during his address…

House prices in the UK fell at their fastest pace since 2011, amid a slump in the real estate market due to higher interest rates. Hellfax Mortgage Bank stated Friday that the average home cost decreased by 2.6 per cent compared to 2022 to reach $364,…

The Sterling pound rose Friday against the US dollar and the single European currency euro, according to British financial centres. The pound rose against the two currencies today to 1.275 dollars and 1.172 euros. Source: Jordan News Agency

Foreign direct investment inflows to Arab countries and the world declined by 3 percent and 12.3 percent respectively in 2022 to reach $54 billion and $1.3 trillion, according to the Arab Investment and Export Credit Guarantee “Dhaman,” a multinationa…

Hotel occupancy rates of all categories during the current weekend reached 51% in Amman, 50% in the Dead Sea, 24% in Petra, and 63% in Aqaba. In a statement to “Petra” on Thursday, Vice President and Spokesperson for Jordan Hotels Association (JHA), H…

The 8th OPEC International Energy Seminar is due to kick off later on Wednesday — themed “towards a sustainable and inclusive energy transition” — with participation of the Kuwaiti Minister of Oil Saad Al-Barrak.Its agenda focuses on energy security…