Business

Kanpur: The leather traders are in a big worry owing to a feared fall in exports of leather items to foreign countries.

It is mainly due to the reported emergence of Covid's new variant in the USA and China.

It has been reiterated by the traders that they are in anguish fearing a 40% drop in exports of leather products from this city.

The leather traders are noticing challenges in their business, and exports to countries, like China, America, United Arab Emirates, Iran, and Iraq as the trends in exports are decreasing.

09 Jan 2023; MEMO: Qatar Central Bank's international reserves and foreign currencies liquidity increased by 9.6 per cent in December 2022 on a year on year basis, Anadolu news agency has reported. The figure for last month stood at 230.026 billion Qatari Riyals ($63.18bn), compared with QR209.932bn ($57.66bn) in December 2021.

08 Jan 2023; MEMO: Sweden is confident that Turkey will approve its application to join the NATO military alliance, but cannot fulfil all the conditions Ankara has set for its support, Sweden's prime minister said on Sunday, reports Reuters.

"Turkey both confirms that we have done what we said we would do, but they also say that they want things that we cannot or do not want to give them," Prime Minister Ulf Kristersson told a defence think-tank conference in Sweden.

08 Jan 2023; MEMO: Saudi Arabia is looking to bring Formula 1 racing teams to the region, with its sights set on McLaren and Aston Martin to relocate their headquarters to the kingdom.

Prince Khalid Bin Sultan Al-Faisal, president of the Saudi Automobile and Motor Federation reportedly wants to compete with Britain by becoming a major motor racing hub and hosting some of the top F1 teams. Currently, Britain is home to seven of the 10 F1 teams.

06 Jan 2023; MEMO: Iran has foiled a cyber-attack on its Central Bank, the country's telecommunications Infrastructure Company said on Friday, Reuters reports.

Anonymous and other global hacking groups threatened in October to launch cyber-attacks on Iranian institutions and officials in support of anti-government protests and to bypass internet censorship there.

06 Jan 2023; MEMO: The unemployment rate in Jordan reached 23.1 per cent during the third quarter of last year, recording a 0.5 per cent increase from the second quarter.

In its quarterly report, the Department of Statistics indicated that the unemployment rate for males reached 20.5 per cent compared to 33.1 per cent for females, explaining that the unemployment rate for males decreased 0.2 per cent and increased for females by 3.7 per cent.

05 Jan 2023; MEMO: Russia's Space Corporation, on Thursday, said it signed memorandums with two Iranian companies on launch services, Anadolu News Agency reports.

"As a result of international events, conferences and exhibitions organised with the participation of Roscosmos and enterprises of the rocket and space industry … Memorandums of cooperation in the field of launch services were signed with the Iranian companies SAHAB and SpaceOmid", a Roscosmos statement said.

05 Jan 2023; MEMO: Sales of Turkish exports hit a record high last year as the country also benefitted from closer economic ties to Russia, the Financial Times reports.

According to the report, Turkiye recorded a 13 per cent rise in exports by value, with sales hitting $254bn in 2022, said Recep Tayyip Erdogan, the country's President, in a televised speech on Monday.

Last December, Turkiye's inflation slowed sharply.

04 Jan 2023; MEMO: The Syrian regime, on Monday, devalued its currency for the second time in under four months, as the country's economic situation continues to drastically deteriorate.

In a statement on Monday, Syria's Central Bank lowered the official exchange rate to 4,522 Syrian pounds against the US dollar, down from the previous official rate of 3,015 pounds to the dollar.

04 Jan 2023; MEMO: Bulgaria has signed a deal for gas imports via Turkiye, opening a new gas corridor from Turkish territory to Balkan countries and European Union member states.