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The Saudi stock index (TASI) ended today’s trading lower, losing 60.30 points to close at 10905.48 points, with deals worth SAR 5.2 billion.The number of shares traded reached 207 million, with shares of 92 companies increasing in value while the share…

BRUSSELS, In 2022, the EU trade in goods balance registered a large deficit of, 432 billion, reaching its lowest level since the start of the time series in 2002. The deficit was due, in particular, to a steep rise in the value of energy imports, whic…

GENEVA, The WTO’s annual Public Forum 2023 will focus this year on how trade can contribute to a greener, more sustainable future. The Forum will examine in particular how the services sector, digitalisation and inclusive trade policies can support gl…

ROME, The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a $23.7 million contribution from the Government of Norway to scale up its response to the most severe humanitarian crises and emergencies. The contribution represents…

DUBAI, Alfardan Group announced its contribution of AED 5 million in support of “1 Billion Meals Endowment” campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, to estab…

JEDDAH, The 350th meeting of the Islamic Development Bank (IsDB) Board of Executive Directors was held on Saturday, 1ist April 2023, in the city of Jeddah, Kingdom of Saudi Arabia.Chaired by IsDB President and Group Chairman, Dr. Muhammad Al Jasser, th…

ABU DHABI, Canadian Ambassador to the UAE, Kris Panday, has welcomed the launch of the Canada-UAE Sovereign Wealth Fund Council (SWFC). “The mission of the SWFC is to harness the synergies between Canada and the UAE’s preeminent institutional investor…

CAIRO, The Central Bank of Egypt (CBE) has raised key interest rates by two percent (200 bps) for the first time in 2023 on Thursday as it struggles to control soaring inflation.”In its meeting today, the Monetary Policy Committee (MPC) decided to rai…