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Day: August 12, 2024

US Budget Deficit Rises to $244 billion in July

The US Treasury Department has announced that the government recorded a budget deficit on an annual basis of $244 billion last July, an increase of 10 percent compared to the same month last year.

The Department explained, in a statement Monday, that…

European Stocks Trade Higher

European stocks started trading higher on Monday as investors looked ahead to a week of important economic data from the US and Europe.

The STOXX Europe 600 index rose 0.4 percent.

The oil and gas sector rose about 1 percent as oil prices rose for a…

Algeria, Niger Discuss Joint Free Trade Zone Project

Algeria’s Minister of Trade Tayeb Zitouni met Monday with his Niger’s counterpart Saidou Osman, who is currently visiting Algeria.

During the meeting, they discussed means to enhance economic and trade cooperation between the two countries, in additi…

S. Korea, Turkiye Extend Currency Swap Deal

South Korea and Turkiye have agreed to extend their currency swap deal by three years.

The Bank of Korea (BOK) said Monday that the three-year agreement, signed by the BOK and the Central Bank of the Republic of Turkiye, allows for the exchange of lo…

Financial Times: Ukraine Facing $43 Billion Budget Deficit

Ukrainian Finance Minister Serhii Marchenko called on Western allies to speed up the allocation to Ukraine of a $50 billion loan, arguing that delays in arms deliveries have led to a rising budget deficit.

The slow supply of weapons, especially from …

Global Youth Unemployment Rate Falls to Lowest Level in 15 Years

The International Labor Organization said in a report published Monday, that the global youth unemployment rate fell to its lowest level in 15 years last year and is likely to continue falling until 2025.

The organization stated that the youth unempl…

Real Estate Trading Volume Exceeds QR 1.1 Billion in July 2024

Doha: The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in July 2024, amounted to QR 1,105,135,825.

The data of the real estate analytical bulletin issued by the Min…

Oil Continues to Rise, Holds On Last Week’s Gains

Oil prices rose for a fifth consecutive session on Monday, extending gains from last week’s more than 3% rise, as US recession fears eased while geopolitical tensions in the Middle East supported prices.

Brent crude futures climbed 22 cents, or 0.3%,…

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