The Consumer Price Index (CPI), a measure of inflation, inched up 3.98 percent in the January-March period of 2023, reaching 108.26 points against 104.11 in the same period of 2022.According to a monthly report issued by the Department of Statistics (…
Category: Sales
GASOLINE PRICE RISES, DIESEL AND LPG’S DECREASES
The gasoline price rose by LBP 37,000 this morning, while that of diesel dropped by LBP 2,000 and that of LPG by LBP 18,000.Consequently, prices are as follows:95-octane gasoline: LBP 1,821,00098-octane gasoline: LBP 1,863,000Diesel: LBP 1,573,000LPG:…
Shanghai reveals $15.7bn investment in 28 culture, tourism projects
SHANGHAI, Shanghai authorities today announced 28 culture and tourism projects with a total investment of 108 billion yuan (about US$15.7 billion).ccording to the Chinese news agency, Xinhua, Shanghai aims to become a leading tourism investment destin…
Thuraya, Astrocast strengthen collaboration through strategic investment in LEO IoT
ABU DHABI, Thuraya Telecommunications Company, the mobile satellite services provider under Yahsat, today announced that it has concluded Heads of Terms for an investment agreement with Astrocast, a leading Low Earth Orbit (LEO) and Internet of Things …
ADGM’s Registration Authority imposes financial penalties of $38,000 against Half Moon
ABU DHABI, Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has imposed financial penalties against Half Moon Investments Limited (Half Moon) and its current directors, for failure to file annual accounts and reports by the specified time…
Egypt increases key interest rates by 2% amid soaring inflation
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…
Global growth projected to fall under 3% in 2023: IMF Chief
BEIJING, IMF Managing Director Kristalina Georgieva has expected the global growth to fall under 3% in 2023 as a direct result of the war in Ukraine and global monetary tightening.”The global economy has been in choppy waters for quite some time, expe…
Improved investor sentiments continue to drive UAE financial markets
ABU DHABI, Improved investor appetite continued Thursday to drive UAE financial markets.In the UAE capital, Index FADGI closed 0.241 % higher at 9,478.640 pts, with TAQA rising 3.350% to AED3.390 and Presight AI continuing its impressive performance, …
EAD announces Sustainable Exploitation Index increased from 8.9% in 2018 to 69.1% in 2022
For the fourth year in a row, the Environment Agency Abu Dhabi (EAD) has recorded a significant improvement in the “Sustainable Exploitation Index” following the implementation of fishing-related measures and procedures. The index increased from 8.9 …
Chinese banking sector’s net external assets at $166.5bn in 2022
The value of net external assets of China’s banking sector stood at US$166.5 billion by the end of 2022, after data new data released on Thursday showed that its external financial assets and external liabilities settled at US$1.519 trillion and US$1.3…
Vietnamese banks remain attractive to foreign investors
Foreign investors’ continuous investment in Vietnam has shown their optimistic about the country’s economic outlook, the Vietnam News Agency (VNA) reported. Recently, Vietnam’s VPBank announced that it has entered into an agreement with Japan’s Sumitom…
Kuwait oil price up to US$79.22 pb
The price of Kuwaiti oil went up by nine cents to US$79.22 per barrel during Wednesday’s trading as opposed to US$79.13 pb the previous day, said the Kuwait Petroleum Corporation (KPC) on Thursday. ccording to the Kuwait News Agency (KUNA), Globally, t…