Economy

  • CAIRO, 23rd June, 2024 (WAM) – Egyptian equities exhibited a significant upward trend across all major indices at today's closing bell. The total market capitalisation of listed companies increased by approximately EGP44 billion, reaching EGP1.837 trillion. This upswing coincided with robust trading activity, with total market volume reaching roughly EGP8.5 billion.The benchmark EGX 30 index […]
  • RIYADH, 23rd June, 2024 (WAM) — The Saudi Exchange (Tadāwul) closed today up 231.04 points to settle at 11,729.97, with trading worth SAR5 billion.A total of 205 million shares were traded, with 79 companies' stocks rising in value and 151 shares closing down.The Saudi Parallel Market Index (Nomu) closed up 71.63 points to settle at […]
  • MANAMA, 23rd June, 2024 (WAM) — The Bahrain Bourse index closed today at 2,039.95 points, down 1.76 points from its trading close. The decline was attributed to a drop in the luxury consumer goods and financial sectors.According to Bahrain News Agency (BNA), the Bahrain Islamic Index also closed down at 826.02 points, a decrease of […]
  • AMMAN, 23rd June, 2024 (WAM) — Amman Stock Exchange in Jordan concluded its trading on Sunday with a 0.16 percent decline, closing at 2,416 points, Jordan News Agency (PETRA) reported.The trading volume reached 3.4 million shares, amounting to a total value of 3.5 million Jordanian Dinar, resulting from 1,799 transactions.A comparison of closing prices revealed […]
  • ABU DHABI, 23rd June, 2024 (WAM) — The Federal Tax Authority (FTA) is reminding Resident Juridical Persons that are subject to Corporate Tax with Licences issued in March and April, irrespective of the year of issuance, to promptly submit their Tax Registration application for Corporate Tax no later than 30th June 2024, in order to […]
  • BEIJING, 23rd June, 2024 (WAM) — The China Development Bank has strengthened financial support for the green and low-carbon industries.Xinhua News Agency reported that the bank issued over 200 billion yuan (about US $28 billion) of green loans during the first five months of the year, and its growth rate exceeded that of all other […]
  • MOSCOW, 23rd June, 2024 (WAM) — Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, led the UAE delegation at the BRICS Tourism Ministers' Meeting in Moscow.The meeting was chaired by the Russian Federation, which holds the BRICS 2024 Chairmanship under the theme “Strengthening Multilateralism for Just Global Development […]
  • HANOI, 22nd June, 2024 (WAM) — The tourism industry of Vietnam is gradually painting an image of a colourful Vietnam with four vibrant festival seasons, as various culture weeks and months and festivals organised year-round across the country have drawn a large number of both domestic and foreign tourists, the Vietnam News Agency (VNA) reported.On […]
  • BUCHAREST, 22nd June, 2024 (WAM) — The turnover of wholesale trade in Romania advanced 1.2 percent year-on-year (YoY), unadjusted, in the first four months of 2024, according to data published on Friday by the National Institute of Statistics (INS).According to Romania's national news agency, AGERPRES, positive results were recorded between 1st January and 30th April, […]
  • WASHINGTON DC, 22nd June, 2024 (WAM) — The World Bank Group (WBG) and International Monetary Fund (IMF) have announced that the Enhanced Cooperation Framework for Climate Action is now operational, with Madagascar to be the first country benefitting from the Framework in the context of the Resilience and Sustainability Facility (RSF) arrangement approved today by […]
  • LIMA, 22nd June, 2024 (WAM) — The Central Reserve Bank of Peru on Friday slightly raised its economic growth forecast for the Andean nation this year to 3.1 percent, compared to 3.0 percent previously, Reuters reported.The monetary authority's chief, Julio Velarde, said in a presentation that growth would come from the primary sector, particularly in […]
  • ABU DHABI, 21st June, 2024 (WAM) — Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE continues to reap the rewards of its visionary leadership's forward-looking approach through increased global trade and investment openness. “This is reflected in the record growth in foreign direct investment (FDI) inflows, which […]
  • ABU DHABI, 21st June, 2024 (WAM) – Mubadala Capital, the wholly owned asset management subsidiary of Mubadala Investment Company, and SailGP, the global racing championship, today announced a strategic investment to acquire a newly formed SailGP Team to represent Brazil. This will be the first South American squad to join the SailGP league and the […]
  • WASHINGTON, D.C., 21st June, 2024 (WAM) — The U.S. Department of Energy (DOE) and the U.S. Environmental Protection Agency (EPA) today announced that applications are open for $850 million in federal funding for projects that will help monitor, measure, quantify, and reduce methane emissions from the oil and gas sectors as part of President Biden’s […]
  • BRUSSELS, 21st June, 2024 (WAM) — The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help business to expand.€2.6 billion of new energy investment was approved by the Board. […]

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