Browsing: Business

The international financial community maintains a highly positive outlook on the economic trajectory of the United Arab Emirates. Recent macroeconomic assessments published by the World Bank Group indicate that the sovereign state will experience robust expansion over the next two

Economic growth across developing Asia and the Pacific is forecast to slow to 5.0% in 2026. The region expanded 5.5% in 2025, according to the Asian Development Bank’s latest outlook. The new 2026 estimate stands 0.1 percentage point above the

Remittances from Egyptians working abroad reached about $29.7 billion in the first seven months of 2026. The Central Bank of Egypt said inflows rose 28.1% from about $23.2 billion during January through July 2025. The figures cover money sent home

China kept its benchmark lending rates unchanged in September, maintaining the one-year loan prime rate at 3.0%. The over-five-year LPR remained at 3.5%, according to the official September 20 fixing. Many lenders use the longer-term rate as a reference for

Gold prices continued their downward trend across global commodity exchanges as investors digested the decision by the U.S. Federal Reserve to raise benchmark interest rates by a quarter of a percentage point. Spot bullion fell 1 percent during international trading

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met Indian Prime Minister Narendra Modi in New Delhi on September 12. The leaders discussed stronger bilateral relations between the United Arab Emirates and India. Their talks took

Gold prices held above $4,400 an ounce on Thursday after reversing an earlier decline in the previous session. Spot gold rose 0.3% to $4,414.28 an ounce by 0419 GMT. U.S. gold futures for December delivery slipped 0.1% to $4,457.20. The

The Panama Canal is considering another reduction in daily ship transits as drought pressure weighs on its water supply. Administrator Ilya Espino de Marotta said traffic could fall to about 29 vessels a day in February or March 2027. Any

German automaker Volkswagen AG agreed Monday to sell its Osnabrück manufacturing plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony, setting up the site’s conversion into a dedicated defense manufacturing facility. Under the preliminary

Egypt’s net international reserves reached a record $57.2145 billion at the end of August 2026. The Central Bank of Egypt reported the provisional figure on September 7. Reserves had stood at $56.2939 billion at the end of July. The monthly