Browsing: Business

– 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

India cautioned Washington that the introduction of tariffs on nations importing Russian crude oil could negatively impact bilateral relations and create disruptions in the global commodities market. This warning was issued in response to the approval of the Sanctioning Russia

As global commodity markets absorbed a quarter-point increase in interest rates by the U.S. Federal Reserve, bullion encountered renewed downward pressure across international trading platforms. Spot gold fell by 1 percent to $4,249 per ounce, reaching multi-session lows under the

– On September 12, in New Delhi, Abu Dhabi’s Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan held discussions with Indian Prime Minister Narendra Modi at Hyderabad House during the 18th BRICS Summit, focusing on ways to enhance

– Oman’s annual inflation rate rose to 3.4% in August 2026, driven by higher prices in transportation, food, and multiple service categories. This figure represented an increase from 3.2% in July and marked another month of rising annual consumer prices.

During a high-level meeting in Berlin, UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged in discussions with leading German business executives to promote enhanced cross-border investment and strengthen trade links between the two nations. Emphasizing the UAE’s strategic role