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Category: Business

Arab economic body convenes in Cairo

The 114th session of the Economic and Social Council of the Arab League at the level of ministers kick-started at the bloc’s headquarters in Cairo on Thursday, with the State of Kuwait participating.

The agenda embraces a host of key Arab economic a…

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Oil Prices Rise 1% As OPEC+ Delays Output Increase

Oil prices rose nearly 1% on Thursday, amid a larger-than-expected drawdown in US inventories and OPEC+ delaying an output increase.

Brent crude futures rose 89 cents, or 1.2%, to $73.59 a barrel, while US West Texas Intermediate (WTI) crude futures …

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Korea’s Economy Contracts 0.2 Pct in Q2, 2024

South Korea’s economy retreated in the second quarter of the year amid weaker domestic demand, while exports remained solid.

The country’s real gross domestic product, a key measure of economic growth, contracted 0.2 percent on-quarter in the April-J…

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