Browsing: Business

– On Thursday, Egypt’s central bank decided to keep its key interest rates steady, continuing the policies since February. The Monetary Policy Committee maintained the overnight deposit rate at 19.00% and the overnight lending rate at 20.00%. The main operation

– The Asian Development Bank has raised its forecast for economic expansion across developing Asia and the Pacific to 5.0% in 2026 from 5.5% in 2025. The forecast for 2026 was increased by 0.1 percentage point from the July estimate.

– In the initial seven months of 2026, remittances from Egyptians working overseas totaled approximately $29.7 billion. According to the Central Bank of Egypt, inflows increased by 28.1% compared to roughly $23.2 billion during January through July 2025. These figures

– China held its benchmark lending rates steady in September, with the one-year loan prime rate remaining at 3.0%. The over-five-year LPR stayed at 3.5%, based on the official fixing on September 20. Since many lenders reference this longer-term rate

The government of South Korea announced a two-month extension of its temporary fuel tax reduction scheme through the end of November 2026 to protect domestic consumers and industrial logistics operators from persistent global energy price volatility. The decision was formalized

India cautioned Washington that the proposed tariffs on nations importing Russian crude oil could strain bilateral relations and disrupt the global commodity market. This warning was issued in response to the passage of the Sanctioning Russia and Iran Act of

International bullion markets saw renewed selling pressure as global commodity traders absorbed a quarter-point interest rate increase by the U.S. Federal Reserve. Spot gold fell 1 percent to $4,249 per ounce, reaching multi-session lows amid rising sovereign yields and tighter

– On September 12, in New Delhi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Abu Dhabi Crown Prince, held a meeting with Indian Prime Minister Narendra Modi. The discussions focused on deepening bilateral ties between the UAE and

– In August 2026, Oman experienced an increase in its annual inflation rate to 3.4%, driven by rising costs across transport, food, and various service sectors. This marks a slight uptick from 3.2% in July and indicates a continued upward

During discussions in Berlin, UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged with leading German corporate executives to foster deeper cross-border investment and trade cooperation. Emphasizing the UAE’s role as a pivotal global logistics hub and its investor-friendly regulatory