Browsing: Business

MENA Newswire News Desk: A new report by the International Energy Agency (IEA) reveals a surge in low-emissions hydrogen projects, driven by increasing investment and development. However, the report underscores the need for stronger policies to boost demand in critical sectors such as heavy

MENA Newswire News Desk: The European Union (EU) imported 2.7 million tonnes of coffee from non-EU countries in 2023, with a total value of €10.6 billion, according to data from Eurostat, the EU’s statistical office. While the total volume of imports

MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although future interest rate cuts will likely come in smaller increments. Speaking during a Q&A session

MENA Newswire News Desk: Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, marking the end of 142 years of coal-powered electricity in the country that ignited the Industrial Revolution. The plant, located in central England, officially ceased operations at

MENA Newswire News Desk: The Republic of Korea and the United Kingdom have officially launched a new high-level dialogue platform aimed at enhancing economic and financial ties between the two nations, according to an announcement by the Republic of Korea’s

MENA Newswire News Desk: The OPEC Fund for International Development (OPEC Fund) has extended a US$10 million loan to Evocabank CJSC to enhance financial access for micro, small, and medium-sized enterprises (MSMEs) in Armenia. The loan will primarily focus on

MENA Newswire News Desk: Russia continues to be a dominant player in the global energy market despite ongoing challenges, Russian President Vladimir Putin declared during the plenary session of the Russian Energy Week (REW) forum in Moscow, according to the

MENA Newswire News Desk: The Swiss National Bank (SNB) announced a 25 basis point cut to its policy rate on Thursday, bringing it down to 1.00%, marking the central bank’s third reduction in 2024. The move aligns with global trends,

MENA Newswire News Desk: Precious metals are shining brighter as gold hit an all-time high of USD 2,607 per ounce earlier this month, reflecting a surge of over 25% year-to-date. Experts point to the influence of macroeconomic uncertainties, geopolitical tensions,

MENA Newswire News Desk: Amazon’s decision to require employees to return to the office full-time has sparked debate amid a growing trend of flexible work arrangements in the UK. As the global tech giant emphasizes in-person collaboration, the UK government