Picture used for illustrative purpose only.
Oil futures rose on Friday on course for a fourth weekly gain boosted by supply constraints and a weaker dollar and despite sources saying China is set to release crude reserves around the Lunar New Year.
China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy planned a careful course out of a year disrupted by COVID-19.
China’s factory activity grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production.
China’s economic recovery quickened sharply in the first quarter to record growth of 18.3% from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
He also highlighted the significant rise in investment in renewable energy in recent years and India’s drive to add 500 GW of clean energy by 2030, adding that the UAE was keen to partner with India and the world on advancing clean energies.
The stock market can be a great way to do it, but it comes with its own set of risks and rewards. With the ever-changing economic situation across the globe, it becomes mandatory to invest wisely and safely for a better future.
Sheikh Mohammed explained, “During the Cabinet meeting, we reviewed the results of the UAE’s foreign trade in 2022. Our foreign trade achieved a historical record reaching more than Dhs2.2 trillion, a growth of 17%. ”