Browsing: Business
Indonesia is preparing a 100 gigawatt solar power program with an estimated investment requirement of about US$71.3 billion, as the government moves to identify land, storage needs and grid infrastructure for one of the country’s largest renewable energy projects. The
Singapore’s economy expanded 6.0% year on year in the first quarter of 2026, lifted by AI-related demand that boosted electronics manufacturing, precision engineering and semiconductor-linked trade, the Ministry of Trade and Industry said. The performance extended a 5.7% expansion in
Japan’s economy expanded for a second consecutive quarter in the January to March period, with inflation-adjusted gross domestic product rising an annualized 2.1 percent, according to preliminary government data released Tuesday. The result showed continued growth in the world’s fourth-largest
China’s economy slowed sharply in April as retail sales rose just 0.2 percent from a year earlier, the weakest increase in 40 months and a sign that consumer spending lost momentum at the start of the second quarter. The National
Gulf Mercantile Exchange recorded the highest weekly trading volume in its history during the week of May 11, 2026, with more than 69,052 contracts traded, equal to about 69 million barrels of Oman crude oil, according to information released by
China’s industrial output rose 5.6 percent year on year in the first four months of 2026, official data released Monday showed, as production continued to expand across large industrial enterprises. The National Bureau of Statistics said the figure covers industrial
Dubai Customs said its Green Corridor initiative with Oman Customs helped maintain trade flows after regional disruptions affected key sea lanes and traditional shipping routes, with customs declarations processed through the corridor rising sharply between March and April 2026. The
Operating profits at major South Korean companies exceeded 156 trillion won in the first quarter of 2026, as semiconductor earnings lifted aggregate results among the country’s largest corporations. Corporate data researcher CEO Score said 328 companies among South Korea’s top
Air Arabia reported a net profit of AED 278 million for the first quarter ended March 31, 2026, as regional airspace closures and temporary operational restrictions weighed on capacity during the period. The Sharjah based carrier said first quarter profit
South Korea’s information and communication technology exports rose 125.9% from a year earlier to $42.71 billion in April, extending a semiconductor-led surge and marking the second consecutive month the sector has remained above $40 billion. Data released on May 14