The Manufacturing Industry Is Growing Rapidly Despite the Future's Uncertainty

With total demand and production capacity at recent highs after the pandemic's end, the manufacturing sector had tremendous growth in 2022. However, there are signs that the near-term picture may not be as bright due to variable inflation and economic uncertainty. With this change and unpredi...

UAE Accelerates Efforts to Reach 5 Million Bpd Production Capacity

Along with its goals of being self-sufficient in gas and becoming the pre-eminent oil storage and supply centre in the Middle East, the UAE's top priority is to increase crude oil output to at least 5 million barrels per day (BPD) as soon as practicable. In this backdrop, Abu Dhabi National O...

CHINESE ECONOMY TAKES A HIT WITH 6.8% CONTRACTION IN ITS Q1 REPORT

Highlights:

• The Chinese economy took a beating at 6.8% contraction for its first quarter
• GDP  might slow down to 2.5%

One of the largest economies of the world, China have taken an economic beating in the wake of the covid-19 pandemic too. As Ch...