Category : Business

Business

World Bank forecasts UAE economy to grow 5 percent in 2026

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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...
Business

Developing Asia-Pacific economy set to grow 5% in 2026

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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...
Business

Egypt remittance inflows reach $29.7 billion by July 2026

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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%...
Business

China holds 3% one-year LPR and 3.5% mortgage benchmark

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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...
Business

Gold prices decline on Federal Reserve rate decision as spot drops

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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...
Business

UAE and India leaders advance trade and strategic ties

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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...
Business

Panama Canal could cut daily ship limit to 29

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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...
Business

Volkswagen sells Osnabrueck car plant to Aurelius and state

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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...