World

BEIJING, 26th MAY 2020 (WAM) Chinese President Xi Jinping has called for a long-term perspective to deal with the current difficulties, risks and challenges facing China’s economy and to boost confidence in the country’s development. The country’s huge economic potential is unchanged despite the challenges ahead, and the government has …

DUBAI, 13th May, 2020 (WAM) Emirates has announced its plan to operate scheduled flight services from 21st May to nine destinations: London Heathrow Frankfurt, Paris, Milan, Madrid, Chicago, Toronto, Sydney and Melbourne. In a statement by the airline on Wednesday, Emirates will also offer connections in Dubai for customers travelling …

DUBAI, 10th May, 2020 (WAM) DP World Dakar has kept trade flowing in the fight against the spread of COVID-19 in Senegal, working to make certain that vital goods such as food and medical supplies can get through, while ensuring strict health and safety measures are in place to protect …

Vienna, April 30, 2020 WM Chancellor Sebastian Kurtz, Prime Minister of Austria, announced a package of new measures to stimulate the economy and counter the expected recession resulting from the repercussions of the new epidemic of the Corona virus, stressing the government’s interest in providing relief to affected companies through …

Berlin, April 28, 2020, SPA The German economy is expected to contract by 6.6 per cent this year, according to a study in which experts warned that a return to normal was not expected before the end of 2021, dpa reported. “In total, economic output this year is to shrink …

VIENNA, 22nd April, 2020 (WAM) The price of OPEC basket of thirteen crudes stood at US$14.63 a barrel on Tuesday, 21st April 2020, compared with $14.19 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol …

Abu Dhabi April 22, 2020 WAM The contracts for US oil prices, WTI, witnessed a historical decline to reach / – $ 37.63 / barrel below zero, on the last day before the end of the US oil contracts for delivery next May. The historical collapse in oil prices showed …

ISLAMABAD, April 16 2020 (WAM) Prime Minister Imran Khan of Pakistan has appreciated the approval of the G20, the International Monetary Fund and the World Bank on reducing the debt burden of Pakistan and developing countries. This came in a press conference held by Pakistani Foreign Minister Shah Mehmood Qureshi …

Islamabad 10 April 2020 WAM Pakistan has decided to restart some of the factories that were closed as part of the economic shutdown measures in order to limit the spread of the new Corona virus “Covid 19” to support the country’s exports, which are expected to witness a 50 percent …

Riyadh, March 31, 2020 SPA The Trade and Investment Ministers of the G20 held a virtual meeting yesterday, after the hypothetical meeting of the Extraordinary Leaders Summit to confront the Corona Virus (Covid 19), under the presidency of the Kingdom of Saudi Arabia for the Group of Twenty, with the …