Business

Oil prices fall despite the dollar’s decline

Oil prices fell during the end of trading, on Thursday, despite the weakness of the dollar after the disclosure of key US inflation data.

The dollar suffered sharp losses this week, with the focus largely shifting towards the upcoming inflation data …

UK trade deficit narrows down to nearly USD 21 bln – data

Britain posted a sharp drop in its overall trade deficit in May by some USD 2.96 billion, lowering the figure down to nearly USD 21 billion, government data showed on Thursday.

Britain’s exports had risen in April to some USD 38.1 billion, while impo…

Japan, Arab ministers vow further economic cooperation

Japan and Arab ministers agreed, Thursday, to enhance their cooperation in various areas to benefit the development of all parties involved, said the the fifth Japan-Arab Economic Forum.

The fields of interest included industrial development, energy …

GCC seeks to finalize FTA talks with UK this year — Al-Budaiwi

Secretary-General of the Gulf Cooperation Council Jasem Al-Budaiwi highlighted the need of finalizing the negotiations with the United Kingdom on a free trade agreement before the end of 2024.

During his meeting with the British Secretary of State fo…

Arab League Chief urges Japan to expand business in region

Secretary General of the Arab League Ahmad Abul Gheit urged the Japanese government to continue encouraging Japanese companies, especially small and medium-sized enterprises, to expand their operations in the Arab region while also calling on Arab com…