Browsing: Business
Vietnam’s food and beverage sector is expected to reach $29.8 billion in revenue by 2024, with a 10.92% growth, driven by increasing consumer confidence and rising demand for sustainable products.
The EU imported €478 billion in high-tech products in 2023, with China and the US leading the list of suppliers. Exports grew by 3 percent, reaching €461 billion.
The US economy added 254,000 jobs in September, beating projections of 140,000. The unemployment rate dipped to 4.1%, showing continued strength in the labor market.
The UAE’s insurance sector recorded AED 2.5 billion in profits for 2023, driven by higher investment income, and witnessed a sharp rise in written policies, according to the Central Bank of the UAE.
The EU imported 2.7 million tonnes of coffee from non-EU countries in 2023, valued at €10.6 billion, with Brazil and Vietnam supplying 58% of total imports, according to Eurostat.
Russia remains a major energy player despite global challenges, with over 90% of its energy exports going to friendly countries, Putin declared at the Russian Energy Week forum.
The UAE and New Zealand concluded negotiations on a comprehensive trade partnership aimed at boosting economic ties and investment opportunities between the two countries.
The Swiss National Bank reduced its interest rate by 25 basis points to 1.00%, marking the third such move in 2024, in response to global market trends and economic pressures.
Sheikh Mohammed greenlights AED10B plan for Dubai Exhibition Centre expansion, aiming to enhance Dubai’s global leadership in the MICE sector and attract major international events.
UAE’s economy will expand by 4.8% by 2025, according to Oxford Economics, driven by growth in the non-oil sector, including tourism, real estate, and foreign investment.