Business
The global financial community continues to hold an optimistic view regarding the economic prospects of the United Arab Emirates. Recent macroeconomic evaluations published by the World Bank Group suggest that this sovereign nation will undergo substantial growth over the upcoming
– Gulf Cooperation Council Secretary-General Jasem Mohamed Albudaiwi emphasized the necessity for increased cooperation with Europe to safeguard worldwide supply networks from maritime disruptions and escalating transportation expenses. During his address in New York on September 24, Albudaiwi pointed out
– On Thursday, Egypt’s central bank decided to keep its key interest rates steady, continuing the policies set since February. The Monetary Policy Committee maintained the overnight deposit rate at 19.00% and the overnight lending rate at 20.00%, while also
– The Asian Development Bank has increased its projection for economic expansion across developing Asia and the Pacific to 5.0% in 2026 from 5.5% in 2025, with the growth estimate for 2027 slightly rising to 5.1%, supported by robust investment,
– Remittances from Egyptians employed abroad amounted to approximately $29.7 billion during the first seven months of 2026, according to official reports. The Central Bank of Egypt indicated that these inflows experienced a 28.1% increase from around $23.2 billion during
The authorities of South Korea announced a two-month extension of their temporary fuel tax reduction program, now lasting through the end of November 2026, in an effort to shield domestic consumers and industrial logistics operators from ongoing volatility in global
Technology
– Apple has unveiled the iPhone Duo on September 9, marking the company’s debut into the foldable smartphone market. Starting at $1,999 in the U.S., this device features a 7.6-inch inner display that unfolds, while its closed form utilizes a
– Apple has announced the new iPhone 18 Pro and iPhone 18 Pro Max, bringing significant upgrades in camera technology, processing power, and battery life. These models showcase a 48-megapixel Fusion Main camera with a variable aperture, marking a first
– The United States is actively expanding its domestic battery production capabilities in an effort to lessen reliance on China. The challenge extends deeper into the supply chain, as China continues to hold a dominant position in the production of
– Japan is advancing its efforts to combat investment scams by introducing a new system that employs artificial intelligence to identify warning signals at an earlier stage. The Consumer Affairs Agency revealed this initiative on September 1, explaining that it
– During the initial six months of 2026, China’s digital sector generated a total income of 20.71 trillion yuan, reflecting an increase of 13.6% compared to the same period last year. Meanwhile, the total profit reached 1.79 trillion yuan, which