Browsing: Business

MENA Newswire News Desk: The International Air Transport Association (IATA) reported a significant 9.4% growth in global air cargo demand for September 2024 compared to the same month last year, marking a sustained trend of strong annual increases in the

MENA Newswire News Desk: The International Monetary Fund (IMF) has released an updated economic outlook for Austria, projecting a moderate recovery in 2025 with an expected real GDP growth rate of 1.1 percent. This forecast represents a shift from the

MENA Newswire News Desk – The Eurozone’s latest inflation data, reflecting a re-acceleration to a 2% annual rate in October, has influenced investor sentiment towards a more hawkish stance on the euro (EUR). This uptick challenges earlier expectations of a

MENA Newswire News Desk: The United Nations Conference on Trade and Development (UNCTAD) has reported that global economic growth is expected to stagnate at 2.7 percent for both 2024 and 2025. This marks a notable decline from the 3 percent

MENA Newswire News Desk: The United Arab Emirates (UAE) is projected to see its Gross Domestic Product (GDP) grow by 3.3 percent in 2024 and rise to 4.1 percent in 2025, according to the latest semi-annual Middle East and North

MENA Newswire News Desk: Russia’s gross domestic product (GDP) grew by 4.2 percent during the first eight months of 2024, Prime Minister Mikhail Mishustin announced at the Made in Russia Export Forum. The rise in GDP highlights the resilience of the

MENA Newswire News Desk: OPEC has revised its global oil demand growth forecast for 2024, reducing the previous estimate by 106,000 barrels per day (b/d). The organization’s latest report now projects a year-on-year increase of 1.9 million barrels per day (mb/d),

MENA Newswire News Desk: Global merchandise trade showed signs of recovery in the first half of 2024 with a year-on-year increase of 2.3%, according to the latest Global Trade Outlook report. The report anticipates moderate growth continuing through the end of

MENA Newswire News Desk: The International Monetary Fund (IMF) has announced a significant reduction in borrowing costs for its member countries, cutting these costs by 36%, or approximately $1.2 billion annually. The change comes as part of broader reforms aimed

MENA Newswire News Desk: The European Union imported €478 billion worth of high-tech products in 2023, representing a slight drop of 1 percent compared to the previous year, according to figures released by Eurostat. At the same time, the EU’s