Browsing: Business
– Economic expansion in developing Asia and the Pacific is expected to slow to 5.0% in 2026, down from 5.5% in 2025. The Asian Development Bank increased its forecast for 2026 by 0.1 percentage points from its July projection. According
– Remittances from Egyptians working abroad totaled approximately $29.7 billion in the first seven months of 2026. The Central Bank of Egypt reported that inflows increased by 28.1% compared to about $23.2 billion during January through July 2025. These figures
– China kept its benchmark lending rates steady in September, holding the one-year loan prime rate at 3.0%. The over-five-year LPR also remained at 3.5%, according to the official September 20 fixing. Many lenders reference this longer-term rate when setting
The South Korea government announced an extension of its temporary fuel tax cut for an additional two months, now lasting until the end of November 2026, in an effort to shield local consumers and logistics operators from ongoing fluctuations in
India has cautioned Washington that proposed tariffs on nations importing Russian crude oil could negatively affect bilateral relations and disrupt the global commodity market. This warning came after the United States House of Representatives approved the Sanctioning Russia and Iran
Bullion experienced renewed downward pressure across global trading platforms as international commodity markets digested a quarter-point increase in interest rates by the U.S. Federal Reserve. Spot gold fell 1 percent to $4,249 per ounce, reaching multi-session lows amid rising sovereign
– On September 12, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Abu Dhabi Crown Prince, met with Indian Prime Minister Narendra Modi in New Delhi. During their encounter at Hyderabad House amid the 18th BRICS Summit, the leaders
– In August 2026, Oman saw its annual inflation rate climb to 3.4%, driven by higher prices in transport, food, and several service sectors. This rate increased from 3.2% in July, signifying another month of rising consumer prices. The average
UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged in discussions with leading German business executives in Berlin to promote increased cross-border investments and deepen trade ties between the two nations. Emphasizing the UAE’s strategic role as a global logistics
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