Tue, 21 Sep 2021

LISBON -- Portuguese exports in the second quarter of 2021 increased 49.1 percent compared to the same period last year, the Portuguese National Institute of Statistics (INE) reported on Tuesday.

This is the second consecutive quarter of recovery in foreign sales of Portuguese goods, reaching a value higher than before the economic crisis caused by the COVID-19 pandemic. (Portugal-Economy-Export)

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MADRID -- The International Monetary Fund (IMF) on Tuesday lowered its growth projection for Spain's economy for 2021 but increased it for 2022.

In its World Economic Outlook Update for July, the IMF said it expected Spain's gross domestic product (GDP) to increase 6.2 percent in 2021, 0.2 points below the 6.4 percent growth projected by the organization in April. (Spain-Economy)

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BEIRUT -- The Kuwait Fund for Arab Economic Development (KFAED) and the UN Development Programme (UNDP) signed on Tuesday an agreement to expand support for the solid waste management in Lebanon, the National News Agency reported.

According to the agreement, the KFAED will provide 2.5 million U.S. dollars to support the UNDP in Lebanon in addressing this country's mounting waste management challenges. (Kuwait-UNDP-Lebanon's Solid Waste Management)

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KUALA LUMPUR -- Malaysia's gross operating surplus (GOS), which consists of corporate profits earned by firms, fell 6.9 percent last year on lower capacity of production, official data showed Tuesday.

The Department of Statistics Malaysia (DOSM) said in a statement that the economic downturn scenario in 2020 was a consequence of economic closure for containment measures such as full or partial lockdowns, physical distancing rules, bans on public gatherings and border closures, which led to a sudden stop in the mobility of individuals and non-essential business operations. (Malaysia-Corporate profit)

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CHICAGO -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Tuesday as U.S. dollar went weaker.

The most active gold contract for August delivery rose 0.6 U.S. dollars, or 0.03 percent, to close at 1,799.8 dollars per ounce. (U.S.-Gold futures)

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