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Euro area industrial producer prices rise by 4 percent
In July 2022, industrial producer prices rose by 4.0 percent in the Euro area, by 3.7% in the EU, in comparison with the same month last year. This is according to the latest estimates from Eurostat, the European Union's statistical office,…
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Abdullah bin Zayed chairs the UAE-India Joint Committee
The UAE-India Joint Committee convened at the Ministry of Foreign Affairs and International Cooperation (MoFAIC) headquarters in Abu Dhabi on Thursday, with Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International…
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GDP of India increased by 13.5 percent in the first quarter of FY 2022
The Gross Domestic Product (GDP) of India under the wise guidance of Prime Minister Narendra Modi for the April-June quarter of the current financial year grew at 13.5 percent. Agricultural, Forestry & Fishing sector growth in the first…
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In August, the German inflation rate increased again to 7.9 percent
The inflation rate in Germany rose again in August after falling for two consecutive months in a row, according to a report by the German press agency (dpa). In its first estimate, the German Federal Statistical Office (Destatis) has come…
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Zohr gas field production reaches 2.7 billion cubic meters a day in Egypt
During Fiscal Year 2021-2022, the Ministry of Petroleum and Mineral Resources announced that the Zohr gas field recorded its highest production rate since the start of production began in 2017. As of Monday, the ministry reported that…
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Modi: Non-fossil fuels to produce 50 percent of Indian energy by 2030
Indian Prime Minister Narendra Modi said he plans for half of India's energy production to come from non-fossil fuels by 2030, and to be Net Zero by 2070. According to Modi, a silent revolution is taking place in India, as the number of…
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Singapore considers tightening cryptocurrency trading by retail investors
As stated by Singapore's central bank chief, the city-state is considering new measures that will make it more difficult for retail investors to trade cryptocurrencies at a time when retail investors seem to be "irrationally oblivious" to…
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Indian economic growth is expected to be 7.4 percent this year and next
Indian Finance Minister Nirmala Sitharaman said the Indian economy will grow at 7.4 percent this fiscal year and next. International Monetary Fund (IMF) and World Bank projections for India's growth for the next two fiscal years are in line…
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COVID curbs and heatwaves hit July industrial profits in China
China's industrial firms reported a drop in profits in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages caused by heatwaves threatened production during the…
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$30 billion aid for Africa will be pledged by Japan at the Tunisia conference
During a conference in Tunisia this weekend, Japan will pledge $30 billion in aid for African development, the Sankei Shimbun reported on Friday. During the Tokyo International Conference on African Development (TICAD), Prime Minister Fumio…
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