Browsing: Business
– Remittances from Egyptians working abroad totaled approximately $29.7 billion between January and July 2026. According to the Central Bank of Egypt, this figure represents a 28.1% increase from roughly $23.2 billion recorded during the same period in the previous
– China left its benchmark lending rates unchanged in September, extending a period of stable borrowing costs. The one-year loan prime rate remained at 3.0%, while the over-five-year rate stayed at 3.5%. Banks commonly use the longer-term benchmark when pricing
South Korea will maintain its fuel tax cuts through late November 2026, extending 15 percent reductions on gasoline and 25 percent cuts on diesel and butane to shield the domestic economy from international oil market shocks. Finance Minister Koo Yun-cheol
India cautioned Washington that the introduction of tariffs on nations importing Russian crude oil could negatively impact their bilateral relationship and cause disruptions in the worldwide commodity trading system. This warning came in the wake of the U.S. House of
As the U.S. Federal Reserve announced a quarter-point increase in benchmark interest rates, gold prices continued their downward trajectory on global commodity exchanges. Spot bullion declined by 1 percent during international trading hours to reach $4,249 per ounce, reflecting increased
– On September 12, in New Delhi, the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, engaged in discussions with Indian Prime Minister Narendra Modi. Their meeting focused on bolstering the relationship between the United
– Oman’s annual inflation rate climbed to 3.4% in August 2026, indicating a continuing upward trend in consumer prices. The rate was 3.2% in July and had previously been 2.8% in June. The average inflation rate from January to August
During his official state visit to the Federal Republic of Germany, President His Highness Sheikh Mohamed bin Zayed Al Nahyan held discussions with German corporate executives and business figures in Berlin. These high-level meetings included a roundtable where the UAE
India and Russia are accelerating efforts to expand non-energy trade and reciprocal investments as both nations target $100 billion in annual bilateral commerce by 2030. Speaking at the INNOPROM India 2026 industrial trade fair, officials outlined strategies to narrow India’s
– The United Arab Emirates is set to inject €40 billion into Germany, targeting sectors such as industry, technology, energy, and digital infrastructure. This substantial commitment was unveiled during President Sheikh Mohamed bin Zayed Al Nahyan’s official visit to Germany.