The Latest Breaking News from Economy

Demand for Gold Increases in Saudi Arabia

The Saudi gold market is witnessing a stable supply amid increased demand, high market availability, and gold prices moving in unstable ranges due to the Russian-Ukrainian war. Gold prices in Saudi Arabia returned to their levels three years ago, positively affecting the demand for purchase, especially on pure gold coins…

Asharq Al-Awsat · Oct 10, 2022

MODON Establishes 50 Ready-Made Factories to Help Small Enterprises

The Saudi Authority for Industrial Cities and Technology Zones (MODON) constructed 52 new ready-made factories in the Second Industrial City in Dammam and the Industrial City in al-Kharj. MODON aims to enhance its strategy towards empowerment and contribute to increasing local content and localizing important sectors of the national economy…

Asharq Al-Awsat · Oct 10, 2022

Pitted against profits, Spain’s biodiversity haven collapses

Overexploited aquifer, coupled with too many dry years, sends Doñana National Park’s biodiversity into freefall.

Al Jazeera · Oct 10, 2022

Thai bond issuance to reach record $34bn this year - association

Thai bond issuance is set to reach a record high this year of 1.3 trillion baht ($34.46 billion) as borrowers race to lock in costs as the economy recovers, an industry body said on Monday.

Bangkok Post · Oct 10, 2022

Analysis-How China's Xi accumulated power, and why it matters in a third term

One of Xi Jinping's first moves after winning China's top job as general secretary of the Communist Party in 2012 was to reinstate regular "democratic life sessions" with fellow leaders in the 25-member Politburo, a staple of the Mao Zedong era.

Reuters · Oct 10, 2022

CSIRO developing roadmaps for regions to thrive in low-emission economy

The Towards Net Zero Mission will use science to support Australias regions and hard-to-abate industries, with the aim of supporting a profitable and sustainable transition to a low-emissions economy.

The Canberra Times · Oct 10, 2022

Ulster Bank PMI: Northern Ireland economy contracts further in September across the board

Inflationary pressures cited as main drag on business activity, even before market gyrations following Chancellor's mini budget

Birmingham Post · Oct 10, 2022

Cutting oil output risks global economy, warns US Treasury secretary

Janet Yellen’s comments come as figures show business activity declining across most UK regions

The Guardian - UK · Oct 9, 2022

Huawei sets its sights on regional digital transformation

Global tech powerhouse Huawei Technologies is concentrating on digital infrastructure, sustainable development and a strong ecosystem as part of its strategies to deepen cooperation with Asia-Pacific nations, including Thailand, in boosting its digital power.

Bangkok Post · Oct 9, 2022

Bumpy road to recovery

Even as Thailand continues on its path to economic recovery in the fourth quarter, buoyed by tourism and domestic consumption, businesses are still unnerved by pressing challenges, including high inflation, a weaker baht, surging energy prices and flooding, which could hamper the rebound.

Bangkok Post · Oct 9, 2022