Archive of Economy
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Barcelona’s city hall bans grocery delivery companies’ ‘dark stores’
Barcelona’s city hall on Friday approved a total ban on so-called “dark stores” - distribution hubs used by companies that provide grocery home ... Healthy Living -
UK’s Hunt pledges to boost growth but won’t budge on tax hikes
British finance minister Jeremy Hunt will promise on Friday to tackle the country’s weak productivity with post-Brexit finance reforms to boost growth ... Economy -
Adani Group says Hindenburg report is ‘bogus,’ Bill Ackman calls it ‘highly credible’
Companies linked to Indian billionaire Gautam Adani plan a detailed response Friday to a short seller’s report that they labeled as “bogus,” according ... Economy -
Pakistani rupee plunges to all-time low against US dollar
The Pakistani rupee dived to an historic low against the US dollar on Thursday after an exchange cap was lifted as Islamabad campaigns to unlock a ... Economy -
Venture debt funding in MENA crosses $260 mln across 18 deals in 2022
SHUAA Capital, the region’s leading asset management and investment banking platform, and MAGNiTT, the largest verified data platform tracking venture ... Economy -
Two of UAE’s biggest banks beat estimates as economy boosts earnings
The two biggest banks in the United Arab Emirates posted a jump in annual profit, topping estimates, after the country’s strong economic growth helped ... Economy -
India’s Adani Group says it’s exploring legal action against Hindenburg’s accusation
India’s Adani Group said it is exploring legal action against US investor Hindenburg Research after its report accused firms owned by billionaire ... Economy -
South Korean economy shrinks for first time since early 2020: Central bank
South Korea’s economy shrank in October-December for the first time since the second quarter of 2020, as exports tumbled while consumer spending ... Economy -
Boeing reports Q4 loss of $634 mln, reaffirms 2023 targets
Boeing reported a fourth-quarter loss of $634 million on Wednesday as elevated operating and supply chain costs offset a December uptick in commercial ... Economy -
Saudi Arabia expects financing needs to be around $12 billion in 2023
Saudi Arabia expects its financing needs to be around 45 billion riyals ($12 billion) this year, the National Debt Management Center said on Wednesday ... Economy