Browsing: Business

Oman’s annual inflation rate reached 3.4% in August 2026, extending a recent rise in consumer prices. Inflation had stood at 3.2% in July and 2.8% in June. Average inflation for January through August reached 2.9%. The National Centre for Statistics

President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with German business leaders and corporate executives in Berlin as part of his official state visit to the Federal Republic of Germany. During the high-level executive roundtable, the UAE President

India and Russia are accelerating efforts to expand non-energy trade and reciprocal investments as both nations target $100 billion in annual bilateral commerce by 2030. Speaking at the INNOPROM India 2026 industrial trade fair, officials outlined strategies to narrow India’s

The United Arab Emirates plans to invest €40 billion in Germany across industry, technology, energy and digital infrastructure. The package was announced during President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany. German Chancellor Friedrich Merz joined the

The United Arab Emirates and Germany expanded bilateral cooperation during a state visit to Berlin. UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz witnessed the announcement of 12 government agreements and declarations. The package covers

Gold prices held above $4,400 an ounce on Thursday after reversing an earlier decline in the previous session. Spot gold rose 0.3% to $4,414.28 an ounce by 0419 GMT. U.S. gold futures for December delivery slipped 0.1% to $4,457.20. The

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 traffic could fall to about 29 vessels a day in February or March 2027. Any

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 Saxony, setting up the site’s conversion into a dedicated defense manufacturing facility. Under the preliminary

Egypt’s net international reserves reached a record $57.2145 billion at the end of August 2026. The Central Bank of Egypt reported the provisional figure on September 7. Reserves had stood at $56.2939 billion at the end of July. The monthly

South Korea and African partner nations will launch a major economic cooperation framework focused on artificial intelligence and technology-driven development at the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. The upcoming ministerial gathering marks the 20th anniversary of the