Global economic growth to hit 2.6% in 2023, 2.9% in 2024: OECD

PARIS, On the back of improved business and consumer confidence, declining food and energy prices and the re-opening of the Chinese economy, the OECD’s latest Interim Economic Outlook projects global growth to reach 2.6% in 2023 and 2.9% in 2024.Headli…

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China’s FDI inflow up 6.1 pct in first two months

BEIJING, Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.1 percent year on year to 268.44 billion yuan in the first two months of 2023, the Ministry of Commerce said.In U.S. dollar terms, the FDI inflow went up 1 pe…

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Annual inflation down to 8.5% in euro area

BRUSSELS, The euro area annual inflation rate was 8.5% in February 2023, down from 8.6% in January, according to Eurostat, the statistical office of the European Union. year earlier, the rate was 5.9%. European Union annual inflation was 9.9% in Februa…

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Dubai Municipality celebrates Global Recycling Day

DUBAI, Dubai Municipality today celebrated Global Recycling Day by organising various activities and programmes in cooperation with the private sector. Annually, 18th March is designated as Global Recycling Day to raise understanding of the people abou…

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