Browsing: Business

– In the first 20 days of October, South Korea’s exports saw an increase of more than double compared to the same period last year, reaching $61.6 billion, mainly due to record-breaking semiconductor shipments. The Korea Customs Service published this

– Brent crude hit $110 a barrel on Friday, marking its first breach of this level since May as rising Middle East tensions sparked concerns over tighter supplies. Brent futures for December delivery closed up by $3.94, or 3.7%, at

– Remittances sent home by Egyptians working abroad experienced a 27.2% rise during the initial eight months of 2026, reaching a record $33.9 billion. The Central Bank of Egypt announced these figures on Tuesday, October 13. During the same period

– Oman’s overall electricity generation increased by 4.3% year on year through August 2026, reaching a total of 37,481.8 gigawatt-hours. During the same period in 2025, the figure was 35,935.3 GWh. Data from the National Centre for Statistics and Information

– Foreign capital flowing into Indonesia’s financial markets reached Rp131.1 trillion, approximately $7.33 billion, by early October 2026. Finance Minister Suahasil Nazara disclosed this cumulative total during the government’s monthly state budget briefing in Jakarta. According to the Finance Ministry,

– On October 7, the African Union officially introduced the Africa Credit Rating Agency, or AfCRA, in Mauritius. The organization aims to deliver impartial credit evaluations for African sovereigns, companies, and other issuers by leveraging African data, expertise, and economic

– Pakistan’s federal state-owned enterprises held liabilities totaling approximately $36.5 billion at the close of December 2025. This amount increased by 14.3% from the previous year, adding roughly $4.7 billion at current exchange rates. The Ministry of Finance disclosed these

– According to UN Trade and Development, the UAE’s outward foreign direct investment reached $63.353 billion in 2025. By the end of the year, the country’s total FDI stock abroad stood at $402.729 billion. This is a notable increase from

– Pakistan witnessed another increase in petrol prices on October 6 following the daily fuel adjustment, with petrol climbing by Rs0.88 per litre to Rs393.64, continuing the upward trend from three days prior. Meanwhile, high-speed diesel experienced a decline, falling

– During high-level discussions in New Delhi on Monday, India and Switzerland formalized five cooperation agreements. Prime Minister Narendra Modi and Swiss President Guy Parmelin led the negotiations. These agreements encompass areas such as migration, young professionals, transport infrastructure, scientific