Business
– Brent crude prices reached $110 a barrel on Friday for the first time since May, driven by increasing Middle East tensions that heightened concerns over tighter supplies. Brent futures for December delivery closed $3.94, or 3.7%, higher at $109.86,
– In the first eight months of 2026, remittances sent home by Egyptians working abroad surged by 27.2%, reaching an all-time high of $33.9 billion. The Central Bank of Egypt announced these figures on Tuesday, October 13, with the same
– Oman’s overall electricity production experienced a 4.3% increase year on year through August 2026, reaching a total of 37,481.8 gigawatt-hours, compared to 35,935.3 GWh during the same period in 2025. According to preliminary data from the National Centre for
– Through early October 2026, Indonesia’s financial markets attracted foreign investments totaling Rp131.1 trillion, approximately $7.33 billion, as announced by Finance Minister Suahasil Nazara during the government’s monthly state budget briefing in Jakarta. The Finance Ministry indicated that the majority
– On October 7, the African Union officially inaugurated the Africa Credit Rating Agency, or AfCRA, in Mauritius, marking a significant step toward strengthening the continent’s financial infrastructure. The newly formed institution aims to evaluate the creditworthiness of African sovereigns,
– Pakistan’s federal state-owned enterprises had accumulated debt totaling approximately $36.5 billion at the end of December 2025. This represents a 14.3% rise from the previous year, translating to an increase of roughly $4.7 billion at current exchange rates. The
Technology
– Samsung Electronics introduced its next-generation approach to memory and storage solutions tailored for artificial intelligence infrastructure during the 2026 OCP Global Summit. The company showcased its plans at the event held in San Jose, California, from October 12 to
– Meta has rolled out Muse Wonder and Muse Wonder Full, its most advanced artificial intelligence models to date. These new systems are tailored for tasks involving coding, long-duration AI agents, and complex personal or professional workflows. According to Meta,
– The European Commission has introduced a new initiative called the EU Critical Communication System (EUCCS), designed to connect first responders across European borders by linking national networks used by police, firefighters, emergency medical services, and civil protection teams. This
– Artificial intelligence is increasingly penetrating traditional Chinese medicine education, research, and clinical applications across China. Beijing University of Chinese Medicine has created a dedicated large model centered on comprehensive TCM knowledge and educational resources. The Xinhuo TCM system encompasses
– 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