Vietnam’s Year-End Export Growth Forecast To Slow Down

HANOI, Oct 24 (NNN-VNA) – Vietnam’s import and export activities will face many challenges in the last months of this year and into the next, according to the Import-Export Department, under the country’s Ministry of Industry and Trade. The difficulties are posed by factors, including the risk of recession in…

Saudi Arabia Launched Supply Chain Initiative To Attract Investment

RIYADH, Oct 24 (NNN-SPA) – Saudi Arabian Crown Prince, Mohammed bin Salman bin Abdulaziz Al Saud, launched yesterday, the Global Supply Chain Resilience Initiative. It aims to make Saudi Arabia a preferred location for leading global industrial companies, and to attract 40 billion Saudi riyals (10.64 billion U.S. dollars) of…

Iran To Export 40 Homegrown Gas Turbines To Russia

TEHRAN, Oct 24 (NNN-IRNA) – Iran signed a contract with Russia, to export 40 homegrown gas turbines to the country, Shana News Agency, affiliated to the Iranian oil ministry, reported. Iran is now capable of meeting 85 percent of its domestic needs for gas equipment and facilities, and its gas…

Colombian, Venezuelan Legislators Met On Normalising Ties

CARACAS, Oct 23 (NNN-ABN) – Legislative delegations from Venezuela’s National Assembly and Colombia’s Congress met on Friday, to set up working commissions for normalising bilateral ties, said Venezuelan lawmaker, Jorge Rodriguez. Speaking from the Simon Bolivar International Bridge that links the two countries across their shared border, the president of…

Laos To Resume That Luang Festival To Boost Economic Recovery

VIENTIANE, Oct 22 (NNN-KPL) – The Lao government is scheduled to resume the annual That Luang Festival, so as to boost economic recovery and preserve the country’s cultural traditions, after it was cancelled for the past two years due to the COVID-19 pandemic. The Lao authorities are inviting businesses from…

U.S. Dollar Skidded As Japanese Yen Rebounded Sharply

NEW YORK, Oct 22 (NNN-NHK) – The U.S. dollar weakened yesterday, while the Japanese currency staged a sharp rebound. The dollar index, which measures the greenback against six major peers, fell 0.79 percent to 111.9900 in late trading. The yen rallied noticeably against the U.S. dollar, after hitting a fresh…

German Bundestag Approved A 200-Billion-Euro Fund To Fight Energy Crisis

BERLIN, Oct 22 (NNN-XINHUA) – The German lower house of Parliament (Bundestag), yesterday approved a “defensive umbrella” against the energy crisis, in the form of a 200-billion-euro (196-billion-U.S. dollar) fund. “This is good news for anyone looking at their utility costs with concern, and for trades and businesses,” Chancellor Olaf…

EU Leaders Agreed On Roadmap To Tackle Rising Energy Prices

BRUSSELS, Oct 22 (NNN-XINHUA) – Leaders of European Union (EU) member states, yesterday agreed on a roadmap of measures, to protect European consumers from soaring energy prices. The agreement was reached after several hours of discussions, over proposals to lower energy bills, which have skyrocketed, due to the conflict between…

Brunei’s Private Property Price Dropped 0.9 Percent In Second Quarter

BANDAR SERI BEGAWAN, Oct 22 (NNN-ANN) – Brunei’s property price recorded a year-on-year drop of 0.9 percent, in the second quarter this year, the country’s central bank said, yesterday. According to the latest statistics from the Brunei Darussalam Central Bank, the Brunei Darussalam Residential Property Price Index (RPPI) was at…

ADB Approved 1.5 Billion USD To Promote Social Protection, Food Security In Pakistan

ISLAMABAD, Oct 22 (NNN-APP) – The Asian Development Bank (ADB), has approved 1.5 billion U.S. dollars in financing, to help Pakistan provide social protection, promote food security and support employment for its people, amid devastating floods, the ADB said, yesterday. The loan is part of ADB’s significant response package, to…
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