Browsing: Business

– Remittances from Egyptians working abroad totaled about $29.7 billion from January through July 2026. The Central Bank of Egypt said the figure rose 28.1% from about $23.2 billion a year earlier. The seven-month increase added roughly $6.5 billion compared

– China kept its benchmark lending rates steady in September, marking the first time in a prolonged period that borrowing costs have remained stable. The one-year loan prime rate (LPR) remained at 3.0%, and the over-five-year rate held at 3.5%.

South Korea will uphold its fuel tax reductions until late November 2026, prolonging the 15 percent discount on gasoline and the 25 percent cut on diesel and butane to help shield the economy from fluctuations in international oil markets. Finance

India issued a warning to Washington that proposed tariffs on nations importing Russian crude could jeopardize bilateral relations and disturb the global commodity trade. This warning came in the wake of the passage of the Sanctioning Russia and Iran Act

As global markets reacted, gold prices continued their decline amid widespread trading on commodity exchanges, following the U.S. Federal Reserve’s decision to increase benchmark interest rates by a quarter of a percentage point. During international trading, spot bullion dropped 1

– In New Delhi on September 12, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi convened to bolster the relationship between the United Arab Emirates and India. The discussions, held

– In August 2026, Oman’s yearly inflation rate reached 3.4%, marking a continuation of recent increases in consumer prices. The inflation figure was 3.2% in July and 2.8% in June. The average inflation from January to August was 2.9%. The

President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with German business leaders and corporate executives in Berlin as part of his official state visit to the Federal Republic of Germany. During the high-level executive roundtable, the UAE President

At the INNOPROM India 2026 industrial trade fair, India and Russia are stepping up efforts to grow their non-energy commerce and reciprocal investments, with the ambitious goal of achieving $100 billion in bilateral trade annually by 2030. Officials outlined plans

– The United Arab Emirates plans to invest €40 billion in Germany across industry, technology, energy and digital infrastructure. The package was announced during President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany. German Chancellor Friedrich Merz joined