Brazil posts record trade surplus in 2023

SÃO PAULO: Brazil’s trade surplus set a new record in 2023, according to data released by the Ministry of Development, Industry, Commerce and Services.

According to the Brazil-Arab News Agency (ANBA), in 2023, the country exported US$339.7 billion an…

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China’s forex reserves expected to increase in 2024

BEIJING: Experts said on Monday that China’s foreign exchange reserves are expected to experience a moderate rise this year. This positive outlook is attributed to the improvement in export growth and the recovery of capital inflows, following a two-y…

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S. Korea logs current account surplus for 7th month in November

SEOUL: The Republic of Korea logged a current account surplus for the seventh straight month in November on the back of an increased trade surplus, Yonhap News Agency quoted the Bank of Korea (BOK) as saying.

The country’s current account surplus rea…

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DWTC announces over 70 MICE events slated for H1 2024

DUBAI: Dubai World Trade Centre (DWTC) has unveiled an exceptional calendar for H1 2023 featuring an impressive line-up of over 70 exhibitions, conventions and conferences to be held across the two venues, DWTC and Dubai Exhibitions Centre (DEC) locat…

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RERA signs MoU with Zand Digital Bank

DUBAI: The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), signed a Memorandum of Understanding (MoU) with ‘Zand Digital Bank’ identifying Zand as an approved bank authorised by DLD to oversee real estate devel…

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Air cargo demand up 8.3% in November: IATA

GENEVA: The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the strongest year-on-year growth in roughly two years.

This is partly due to weakness in November 2022, but also reflects …

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Sharjah Shopping Promotions achieves significant increase in sales

SHARJAH: The Sharjah Shopping Promotions, organised by the Sharjah Chamber of Commerce and Industry (SCCI) in collaboration with various government and private sector partners, is experiencing a significant increase in sales across participating store…

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Saudi Arabia tops MENA region in venture capital investment in 2023

RIYADH: Saudi Arabia achieved first rank across MENA for the first time in terms of the amount of Venture Capital (VC) funding in 2023, according to MAGNiTT, the MENA-based venture data platform.

According to the Saudi Press Agency (SPA), this achiev…

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