Kuwait reports KD 1.6 bln in actual deficit for FY 23-24

The Ministry of Finance announced on Wednesday that the budget’s actual deficit hit KD 1.6 billion (nearly USD 5.2 billion) in the fiscal year 2023/2024.

The figure reflects a decrease of 17.9 percent compared to last year, according to a ministry pr…

Kuwait reports KD 1.6 bln in actual deficit for FY 23-24

The Ministry of Finance announced on Wednesday that the budget’s actual deficit hit KD 1.6 billion (nearly USD 5.2 billion) in the fiscal year 2023/2024.

The figure reflects a decrease of 17.9 percent compared to last year, according to a ministry pr…

Recorded commodity exports and imports* decreased during May

Ramallah – Ma’an – The results of the Central Bureau of Statistics’ observed trade survey, which were published today, Wednesday, showed that the value of the deficit in the Palestinian trade balance, which represents the difference between exports an…

China cuts benchmark interest rates

China’s central bank cut its two key interest rates on Monday, lowering the one-year loan prime rate, a peg for corporate loans, from 3.45 percent to 3.35 percent, this marks the rate’s first cut since August 2023.

In a statement, the People’s Bank o…

World Nicotine Forum concludes its annual activities

Ramallah – Ma’an – The activities of the World Nicotine Forum, which was hosted by the Polish capital Warsaw last month, concluded with several recommendations on reducing the risks of tobacco and the harms of traditional smoking, in the presence of a…