Browsing: Business

India and Russia agreed to accelerate bilateral economic cooperation to achieve a target of $100 billion in two-way trade by 2030. Following high-level plenary sessions at the INNOPROM India 2026 industrial technology exhibition in New Delhi, officials from both governments

– The United Arab Emirates has revealed plans to allocate €40 billion toward investment in Germany across key sectors deemed priorities, encompassing industry, cutting-edge technology, artificial intelligence, digital infrastructure, and energy. This significant announcement was made during President Sheikh Mohamed

– During a state visit to Berlin, the United Arab Emirates and Germany initiated a Strategic Dialogue and reached an agreement to create a bilateral Investment Council. UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz

– Gold prices gained marginally on Thursday, buoyed by a softer U.S. dollar ahead of upcoming U.S. inflation reports. The spot price for gold increased by 0.3% to reach $4,414.28 per ounce by 0419 GMT, while U.S. gold futures for

– The Panama Canal might cut down its daily vessel count to approximately 29 ships in February or March 2027 if the drought persists, according to its newly appointed administrator. Ilya Espino de Marotta assumed her role on Sept. 7

German automaker Volkswagen AG announced on Monday its plan to sell the Osnabrück assembly plant to Israeli private equity firm Aurelius Capital along with the German state of Lower Saxony. Under the preliminary agreement, the new ownership will transform the

– Egypt’s net international reserves increased to an all-time high of $57.2145 billion at the close of August 2026. The Central Bank of Egypt announced this preliminary figure on September 7. At the end of July, reserves were recorded at

South Korea and African partner nations will launch a major economic cooperation framework focused on artificial intelligence and technology-driven development at the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. The upcoming ministerial gathering marks the 20th anniversary of the

– In August, South Korea’s foreign exchange reserves experienced their largest monthly growth ever, reaching a total of $442.28 billion by month’s end, according to the Bank of Korea. This marked a $14.33 billion increase from the $427.95 billion recorded

– South Korea’s consumer prices increased by 3.1% compared to the same month last year, according to official statistics. This upward movement marked a faster pace than July’s 2.8%, pushing the headline inflation rate above 3%. The consumer price index