Chairman of the Presidential Leadership Council Dr. Rashad Muhammad al-Alimi sent Saturday congratulatory message to President Nicolás Maduro, President of the Bolivarian Republic of Venezuela on the anniversary of the independence of his friendly country.
The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.
U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.
Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.
South Korea records largest current account surplus in 32 months
[06/07/2024 06:43]
SEOUL-SAB
The Bank of Korea announced on Friday that South Korea has recorded the largest current account surplus in 32 months in May, driven by a sharp increase in the trade surplus and an increase in dividend payments.
The bank said in a statement released by the Korean news agency (Yonhap) that the country's current account surplus reached $8.92 billion in May, turning from a deficit of $290 million in April.
It attributed the May surplus to a sharp increase in the country's trade surplus and an increase in dividend payments from abroad.
The May figure was the largest since September 2021 when the surplus reached $9.51 billion.
The country's goods account posted a surplus of $8.75 billion in May, marking the 14th consecutive month of surplus.
The primary income account, which tracks wages of foreign workers and dividend payments from abroad and interest income, posted a surplus of $1.76 billion in May, after a deficit of $3.33 billion in April, according to the data.
The deficit in the services account narrowed to $1.29 billion in May, from a deficit of $1.66 billion in April.