Browsing: Business

Amazon Inc has announced that its warehouse and transportation workers will receive an average starting wage of more than $19 per hour, a significant increase in pay from the previous hourly rate of $18. A wage hike would help the

Over the past eight years, Egypt’s natural gas export revenues have increased 13-fold, according to a report released by the Cabinet’s Information and Decision Support Centre (IDSC). According to the report, Egypt’s natural gas and liquefied natural gas (LNG) export

In the three months following the implementation of a bilateral Comprehensive Economic Partnership Agreement (CEPA), India’s non-oil exports to the UAE increased five-fold compared with India’s non-petroleum exports worldwide. Last night, the Indian Ministry of Commerce and Industry released the

MENA Newswire: True Global Ventures 4 Plus (TGV 4 Plus) Fund and TGV 4 Plus Follow On Fund (TGV 4 Plus FoF) today announce a US$17.2m convertible note investment into Animoca Brands out of a total raise of US$110m. Other

The share price of Volkswagen hovered around breakeven on Monday, reflecting a mixed response from investors to the automaker’s plans to list sports car brand Porsche AG in what could be Europe’s third biggest IPO. According to Reuters, Volkswagen wants

There was a notable rise in oil prices on Monday. This was due to a weaker dollar and supply concerns ahead of the European Union’s embargo on Russian oil in December. This offset fears of a global recession that could

Annual inflation in the euro area increased from 8.9% in July to 9.1% in August 2022. The rate was 3.0% a year earlier. In August 2022, the annual inflation rate in the European Union was 10.1%, up from 9.8% in

The government’s spokesperson said on Friday Tunisia hopes to reach an agreement with the International Monetary Fund by the end of October, following a wage agreement with unions. A 5% wage increase for the public sector was agreed upon on

At the 22nd SCO Summit today in Samarkand, Uzbekistan, Prime Minister Narendra Modi attended the event along with leaders from SCO countries. These included Russian President Vladimir Putin, Chinese President Xi Jinping, Pakistan Prime Minister Shehbaz Sarif, and Uzbekistan President

A fall in the workforce and other signs suggest that the country’s jobs boom is petering out added to the Bank of England’s inflation concerns. This is because the country’s unemployment rate hit its lowest since 1974. In the three