Browsing: Business

– Indonesia has officially established a new partnership between its investment and sports authorities to foster growth within the national sports industry. Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir signed the accord on

– In a significant development, the UAE and Egypt have officially launched a five-year wheat supply deal valued at up to US$500 million. Al Dahra Agriculture Trading will provide imported wheat to Egypt’s General Authority for Supply Commodities under this

– Oil prices experienced a modest rebound on Tuesday after both key crude benchmarks had fallen more than 2% the day before. Brent crude increased by 27 cents to reach $92.44 a barrel by 0330 GMT. Meanwhile, U.S. West Texas

– Alibaba Group has announced its initial HK$80 billion share placement, aiming to boost expenditure on artificial intelligence and cloud technology. The Chinese tech giant plans to issue 710 million new ordinary shares at HK$112.70 each. Based on current exchange

– A South Korean container ship has embarked from Busan heading toward Europe, marking the country’s inaugural commercial container voyage through the Arctic. PanStar Acro left Busan New Port on August 22, with an expected duration of approximately 45 days

– Egypt’s central bank maintained its key interest rates on August 20, marking the fourth consecutive policy meeting with no adjustments to borrowing costs. The overnight deposit rate was held at 19%, and the overnight lending rate remained at 20%.

– Japan posted record monthly values for both imports and exports in July 2026, as higher energy costs and strong technology demand lifted total trade. Imports climbed 27.8% from a year earlier to about 12.15 trillion yen. Exports rose 23.2%

– On Wednesday, U.S. equities moved higher, buoyed by a notable decline in long-term Treasury yields and a boost from healthcare sector gains. The S&P 500 increased by 16.22 points, or 0.21%, closing at 7,707.98. The Dow Jones Industrial Average

– On Friday, global markets for precious metals faced downward momentum as spot gold prices decreased, signaling an overall weekly decline. Data from financial markets revealed that the spot gold price fell by 0.5 percent to trade at $4,326.75 per

– In July 2026, global electric vehicle sales experienced a 9% increase from the previous year, totaling 1.85 million units worldwide. The cumulative sales for the first seven months reached 11.5 million vehicles, reflecting a 4% rise compared to the