Thailand Q1 GDP Grows Faster Than Expected But Ukraine War Dims Outlook

Thailand’s economy grew faster than expected during the first quarter of the year, with the help of a pickup in exports and easing of COVID-19 restrictions, although inflation poses risks for the rest of the year. Gross domestic product grew …

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Azerbaijan Emerges As Hub For Transporting Goods To EU: Official

Fourth EstateRail cargo cars and containers in Azerhaijan

Azerbaijan said Tuesday that it has emerged as a hub for transporting goods to the European Union countries, and assured to work more to improve this supply chain. “We are not transporting goods to the EU countries only but also …

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Saudi Arabia Injects $320m To Increase Domestic Coffee Production

Fourth EstateCoffee tree - DXLINH

Saudi Arabia announced an additional investment of $319.9 million to increase domestic coffee production from 300 to 2,500 tons annually. The Saudi Arabia’s Public Investment Fund (PIF) said it has launched the Saudi Coffee Company to promote the Kingdom’s coffee …

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Russia And Oman Seek To Enhance Trade Cooperation

Fourth EstateLavrov in Oman with Sayyid Badr bin Hamad Al Busaidi - Oman News Agency

The top Russian envoy said on Wednesday that Moscow is looking forward to enhancing trade cooperation with Oman in different areas aimed at beefing up the economic situations of the two countries. In a joint press conference with his Omani …

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UAE, And Greece To Launch Billion-Dollar Scheme

The leaders of the United Arab Emirates (UAE) and Greece have agreed to further improve their bilateral ties in economy, regional security, defense, and foreign strategies. During the meeting, Abu Dhabi Crown Prince Mohamed bin Zayed Al Nahyan and Greek …

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Oman Says Non-Oil Exports to India Increased By 172%

Fourth EstateContainers stacked at the Port of Salalah, Oman

Oman non-oil exports to India have surged 172% between 2020 and 2021, and both the countries are now aiming to further strengthen its bilateral economic cooperation and investment. Oman’s Minister of Commerce, Industry and Investment Promoting, Qais Al Yousef said …

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Credit Suisse Expects Venezuela to Grow 20%

Fourth EstateRegional map of South America centered on th counry of Venezuela - Fourth Estate

Credit Suisse Group AG said on Wednesday that Venezuela’s gross domestic product would grow 20% this year due to an increase in oil production. Previously, the bank forecasted Venezuela’s economic output to 4.5% but revised its 2022 forecast while predicting …

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BOJ Warns Excessive Yen Volatility Could Hurt Growth

A senior Bank of Japan (BOJ) official warned that the yen’s excessive volatility could hurt economic growth, following a slide to the currency’s weakest against the dollar in six years. “Short-term, excess volatility in currency moves could heighten uncertainty over …

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