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Economy
Huawei Founder replaced thousands of US-banned parts in its products
Huawei's founder, Ren Zhengfei, stated in a speech posted on Shanghai Jiao Tong University's transcript that the company has replaced over 13,000 components in their products affected by US trade sanctions with Chinese…
Georgia and the UAE have Reached A free-trade Agreement
The UAE and Georgia have signed a Comprehensive Economic Partnership Agreement to strengthen economic ties by eliminating barriers and reducing tariffs. The agreement was signed by the foreign trade minister of UAE, Thani bin…
Saudi Arabia crude Production rises as Global trends
According to the most recent data from the Joint Organizations Data Initiative, Saudi Arabia's crude oil production increased by 18,000 barrels per day to reach 10.45 million in January. Meanwhile, global crude production…
The Finance Minister of Saudi Arabia expressed a willingness to invest in Iran promptly
Following the restoration of diplomatic relations between Saudi Arabia and Iran, the Kingdom's Finance Minister, Mohammed Al-Jadaan, has expressed the country's willingness to invest quickly in Iran. The two nations agreed…
In weeks… Tunisia expects to reach an agreement on a loan with the International Monetary…
The governor of the Central Bank of Tunisia, Marwan Abbasi, said on Sunday that his country expects to reach an agreement in the coming weeks with the International Monetary Fund for a loan ranging from $2 billion to $4…
Aramco: Saudi state-owned oil giant sees record profit of $161bn
Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes.
It represents a 46.5% rise for the state-owned company, compared with last year.…
Silicon Valley Bank: Money in failed bank is safe, US government says
US authorities took emergency measures on Sunday to shore up the banking system after Silicon Valley Bank (SVB) and Signature Bank collapsed.
People and businesses who have money deposited with SVB would be able to access all…
Food inflation climbs to a record high in British shops
Food inflation in UK stores jumped to a record high last month with retailers warning of another year of elevated prices.
The British Retail Consortium said on Wednesday that food inflation “accelerated strongly” to 13.3 percent in…
Australia braces itself for supply chain hit from China Covid-19 surge
Australia expects a “substantial impact” on global supply chains from surging Covid-19 cases in China and is monitoring the situation “very closely”, Treasurer Jim Chalmers said.
“We do expect there to be big pressure on the Chinese…
Farmers use solar energy to irrigate their lands amid high fuel price
The high prices of petroleum products, especially diesel, in Yemen forced many farmers to use solar energy to operate pumps to extract groundwater to irrigate their crops.
Farmers expressed their satisfaction with the use of the solar…