Browsing: Business

The global financial community remains highly optimistic about the economic outlook for the United Arab Emirates. Recent macroeconomic evaluations published by the World Bank Group show that the country is expected to experience strong growth over the next two years.

– Gulf Cooperation Council Secretary-General Jasem Mohamed Albudaiwi emphasized the importance of enhancing coordination with Europe to safeguard supply chains for food, energy, and commodities. Speaking in New York on September 24 during the second ministerial session of the Rome

– On Thursday, Egypt’s central bank decided to keep its benchmark interest rates steady, maintaining the levels set in February. The Monetary Policy Committee left the overnight deposit rate at 19.00% and the overnight lending rate at 20.00%. Additionally, both

– The forecast for economic expansion in developing Asia and the Pacific indicates a slowdown to 5.0% in 2026. The region experienced a 5.5% growth rate in 2025, as reported in the Asian Development Bank’s latest outlook. The estimate for

– Remittances sent by Egyptians working abroad amounted to approximately $29.7 billion from January to July 2026. The Central Bank of Egypt announced that this figure represented a 28.1% increase from around $23.2 billion recorded in the same period last

– China maintained its benchmark lending rates at the same levels in September, continuing a period of stable borrowing costs. The one-year loan prime rate (LPR) stayed at 3.0%, while the over-five-year rate remained at 3.5%. This longer-term benchmark is

South Korea will continue its fuel tax reductions until late November 2026, prolonging a 15 percent discount on gasoline and a 25 percent reduction on diesel and butane in order to shield the national economy from shocks in the global

India issued a warning to Washington that the proposed tariffs on nations importing Russian crude could jeopardize bilateral relations and interfere with global commodity trading. This warning followed the enactment of the Sanctioning Russia and Iran Act of 2026 by

As a result of the U.S. Federal Reserve elevating benchmark interest rates by a quarter of a percentage point, gold prices continued their downward trajectory across international commodity exchanges. Spot bullion decreased by 1 percent during global trading hours to

– On September 12, in New Delhi, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met with Indian Prime Minister Narendra Modi. The leaders focused on enhancing the bilateral relationship between the United Arab Emirates and