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October 30, 2024

Korea’s New Car Sales Plummet to 11-Year Low.

Seoul: The Republic of Korea’s new automobile sales during the first nine months of the year fell over 8 percent from a year earlier amid high borrowing costs and a slowdown in global electric vehicle demand, industry data showed Wednesday.

According…

Kuwait and Saudi Arabia Explore Enhanced Economic Cooperation.

Kuwait City: The Kuwaiti Minister of Finance Nora Al-Fassam engaged in discussions with her Saudi counterpart Mohammad Al-Jadaan to enhance economic cooperation between the two nations. The meeting took place during the 8th edition of the Future Inves…

NMDC Energy Joins FADXI15 Index for Islamic Finance Compliance.

ABU DHABI: NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement, and construction services for offshore and onshore energy clients, has been listed on the FADXI15 index, a Shari’ah-compliant index for global Islamic investors. This …

Euro Zone GDP Growth Increases by 0.4 Pct in Q3, 2024.

Brussels: The European Statistics Office (Eurostat) announced on Wednesday that the Gross Domestic Product (GDP) in the Euro zone rose by 0.4 percent in the third quarter of 2024 and by 0.3 percent in the EU compared to the previous quarter.

Accordin…

GCAA Launches Workshops on Winter Weather Challenges in Aviation.

Dubai: The General Civil Aviation Authority (GCAA) held a workshop with its strategic partners in Dubai to discuss challenges associated with weather fluctuations, sharing field experiences and best practices that strengthen preparedness for handling …

Kuwait Oil Price Falls to $71.14 Per Barrel.

KUWAIT CITY: The Kuwaiti oil price experienced a decline, dropping by $1.14 to $71.14 per barrel on Tuesday. This decrease is in comparison to the $72.28 per barrel recorded on Monday, as reported by the state news agency, KUNA, which cited the Kuwait…