Browsing: Business

MENA Newswire News Desk: In a move that underscores ongoing governmental instability, Belgium has postponed the submission of its budget plans to the European Commission, citing the need for more time as the country struggles to form a new federal government.

MENA Newswire News Desk: Russia’s trade surplus has surged by 20.2 percent year-on-year, reaching $87.9 billion for January through July 2024, according to the latest data from the Federal Customs Service (FCS). This marks a significant rise from the previous

MENA Newswire News Desk: The British pound gained modestly against the dollar and euro today, reflecting optimism after recent UK labor market data indicated economic stability. The employment data revealed a notable rise in job numbers and a decrease in

MENA Newswire News Desk: Europe must rapidly boost investment by nearly $900 billion annually or face a significant decline in competitiveness, according to a report delivered by former European Central Bank President Mario Draghi. The report, requested by the European Commission, outlines an urgent

MENA Newswire News Desk: Russia’s gold reserves surged to $188.8 billion by the end of August, marking a significant 5.1% increase from the start of the month, according to the Central Bank of Russia. The rise represents an addition of

MENA Newswire News Desk: Mortgage lending in the eurozone surged in July as interest rates began to fall, marking a recovery in the housing market, according to data from the European Central Bank (ECB). The region’s banks issued €71 billion

MENA Newswire News Desk: The World Trade Organization (WTO) has reaffirmed the critical role of international trade in reducing income disparities between economies, according to the World Trade Report 2024, published today. The report emphasizes the need for a broader

MENA Newswire News Desk: Trade between Moscow and BRICS countries rose by 14.7% in the first half of 2024, marking a significant boost in international commerce. The increase was confirmed by the Mayor of Moscow’s office and reflects efforts to

MENA Newswire News Desk: Russia has escalated its daily gold purchases by 700%, the country’s Finance Ministry revealed on Wednesday. From September 6 to October 4, Russia will allocate 8.2 billion rubles ($92 million) each day to buy gold and

MENA Newswire News Desk: UK house prices have experienced their fastest growth rate since November 2022, despite concerns about potential changes in the upcoming Autumn Budget. According to the Halifax House Price Index, the average property price in the UK