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South Korea’s ICT exports surged for the 11th month, reaching $22.4 billion in September, driven by semiconductor sales and strong demand for AI technology. ICT trade surplus hit $9.88 billion.

WTO forecasts global merchandise trade growth of 2.7% in 2024 and 3.0% in 2025, citing easing inflation, declining interest rates, and risks from geopolitical tensions.

The IMF has reduced member borrowing costs by 36%, cutting annual surcharges by $1.2 billion. Five countries, including Argentina and Egypt, will benefit from the new policy starting November 1.

UAE and Malaysia have concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and investment by reducing tariffs and boosting private-sector cooperation.

Vietnam’s food and beverage sector is expected to reach $29.8 billion in revenue by 2024, with a 10.92% growth, driven by increasing consumer confidence and rising demand for sustainable products.

India and UAE held their 12th joint investment meeting in Mumbai, reviewing progress in $100 billion projects, trade, and bilateral investments in key sectors like energy and AI.

The Abu Dhabi Investment Authority (ADIA) has launched a subsidiary in India’s GIFT City after receiving regulatory approval, reinforcing its long-term commitment to India’s financial markets and economic growth.

MENA Newswire News Desk: The Global Commission on People-Centred Clean Energy Transitions, recently established by the International Energy Agency (IEA), convened for the first…

The EU imported €478 billion in high-tech products in 2023, with China and the US leading the list of suppliers. Exports grew by 3 percent, reaching €461 billion.

The Global Commission on Clean Energy, led by IEA, met at the G20 to discuss equitable, affordable transitions in energy, addressing key issues for fairer global policies.