Theme

Economy

Stories related to finance and economics.

Filter archive

Editor's choice
News
Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fund

Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fund

Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4 percent of the Saudi oil giant Aramco’s, shares to the Public Investment Fund, the Saudi sovereign wealth fund. The transferred share are valued up to $80 billion. The move is another step by the Kingdom to diversify the economy and move it away from dependency on oil. 
Editor's choice
News
Brussels provides Ukraine with 1.2 billion euros financial assistance package

Brussels provides Ukraine with 1.2 billion euros financial assistance package

The European Commission proposes to support Ukraine with 1.2 billion euros of new financial assistance package made of both emergency loans and grants. The country is experiencing a financial shortage and borrowing is becoming more complex and expensive now that Russia uses threatening language and has deployed military troops and heavy weapons close to Ukraine's border.
Editor's choice
News
Turkish exports leap to unprecedented heights despite other economic woes

Turkish exports leap to unprecedented heights despite other economic woes

Exports to the European Union, were almost half of Turkey's exports, and surged 33% year-over-year to $93.1 billion, enabling Turkey to post a surplus of around $7.7 billion in trade with the bloc. Germany remained the top market, having received $19.3 billion worth of Turkish products throughout the year, followed by the United States with $14.7 billion and the United Kingdom with $13.7 billion. Sales to all the three markets marked the highest annual figures ever.