Browsing: Business

The United Arab Emirates continues its push to broaden its international economic influence as Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi engaged in bilateral talks with foreign officials during the United Nations General Assembly. The discussions focused

The global financial community continues to hold a strongly optimistic view of the United Arab Emirates’s economic prospects. Recent macroeconomic evaluations published by the World Bank Group project that the nation will experience substantial growth over the upcoming two years.

– Gulf Cooperation Council Secretary-General Jasem Mohamed Albudaiwi emphasized the need for increased cooperation with Europe to safeguard worldwide supply networks from maritime disruptions and escalating transportation expenses. During his remarks in New York on September 24, Albudaiwi pointed out

– In a move that aligns with recent economic trends, Egypt’s central bank decided to keep its key interest rates steady on Thursday, continuing the policies established since February. The Central Bank of Egypt maintained the overnight deposit rate at

– Amid ongoing regional developments, the economic expansion in developing Asia and the Pacific is expected to slow to 5.0% in 2026 from 5.5% in 2025. The Asian Development Bank has increased its 2026 growth forecast by 0.1 percentage point

– p style=”text-align: justify;”Remittances sent by Egyptians working overseas totaled approximately $29.7 billion during the initial seven months of 2026. According to the Central Bank of Egypt, these inflows represent a 28.1% increase from roughly $23.2 billion recorded in the

– China held steady its benchmark lending rates in September, with the one-year loan prime rate (LPR) remaining at 3.0%. Meanwhile, the over-five-year LPR stayed at 3.5%, based on the official September 20 fixing. Many financial institutions reference the longer-term

Amid ongoing global energy market fluctuations, South Korea has announced an extension of its temporary fuel tax reduction policy for an additional two months, now set to continue through the end of November 2026. This measure aims to shield domestic

India has cautioned Washington that the introduction of tariffs on nations importing Russian crude oil could strain bilateral relations and cause disruptions in the global commodity market. This warning followed the passage of the Sanctioning Russia and Iran Act of

Renewed downward pressure on bullion emerged during international trading as global commodity markets digested the U.S. Federal Reserve’s quarter-point rate increase. Spot gold fell 1 percent to $4,249 per ounce, reaching multi-session lows amid rising sovereign yields and tighter monetary