Browsing: Business
– By July 2026, remittances sent home by Egyptians working abroad totaled approximately $29.7 billion for the first seven months of the year. The Central Bank of Egypt announced that these inflows increased by 28.1%, compared to around $23.2 billion
– China kept its benchmark lending rates unchanged in September, holding the one-year loan prime rate at 3.0%. The over-five-year LPR stayed at 3.5%, according to the official September 20 fixing. Many lenders reference this longer-term rate when setting mortgage
In Sejong, the government of South Korea has declared a two-month prolongation of its temporary fuel tax cut plan through the end of November 2026. This move aims to shield domestic consumers and logistics businesses from ongoing global energy price
India cautioned Washington that proposed tariffs on nations importing Russian crude oil could adversely affect bilateral ties and cause disruptions in the global commodity market. This warning followed the approval of the Sanctioning Russia and Iran Act of 2026 by
As international trading desks absorbed the Federal Reserve’s quarter-point interest rate increase, gold prices experienced renewed downward pressure. The U.S. Federal Reserve raised rates, causing spot gold to fall by 1 percent to $4,249 per ounce, touching multi-session lows under
– On September 12, at Hyderabad House during the 18th BRICS Summit in New Delhi, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met with Indian Prime Minister Narendra Modi. Their discussion centered on ways to
– In August 2026, Oman saw its annual inflation rate increase to 3.4%, driven by higher prices in transportation, food, and various service sectors. This rate marked a slight uptick from 3.2% recorded in July and signaled a continued monthly
In Berlin, UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged in discussions with leading German corporate figures aimed at strengthening cross-border investments and trade ties. Highlighting the UAE’s role as a vital global logistics hub and its favorable regulatory
During the recent INNOPROM India 2026 industrial technology exhibition in New Delhi, officials from India and Russia committed to fast-tracking their economic partnership, setting an ambitious goal of reaching $100 billion in bilateral trade by 2030. The two countries agreed
– During President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany from Sept. 9 to 11, the United Arab Emirates revealed plans to commit €40 billion to various sectors within Germany. This substantial investment package encompasses areas such