Browsing: Business

– The Central Bank of Egypt announced on Tuesday, October 13, that Egypt’s remittances from citizens working abroad reached a historic $33.9 billion during the initial eight months of 2026. This amount reflects a 27.2% increase from $26.6 billion a

– Oman’s electricity generation saw a 4.3% increase year-on-year during the first eight months of 2026. The total volume reached 37,481.8 gigawatt-hours, up from 35,935.3 GWh in the same period of 2025. This rise amounted to roughly 1,546.5 GWh. Early

– Indonesia’s foreign capital inflows totaled Rp131.1 trillion, approximately $7.33 billion, through early October 2026. Finance Minister Suahasil Nazara announced this figure during the government’s latest state budget briefing held in Jakarta. The majority of foreign investments were directed into

– The African Union has officially inaugurated the Africa Credit Rating Agency, known as AfCRA, in Mauritius. This new agency will deliver credit evaluations for African sovereign nations, corporations, financial institutions, and various issuers. The launch event took place in

– Pakistan’s federal state-owned enterprises carried a debt load of approximately $36.5 billion as of December 2025. The figure marks a 14.3% increase from the previous year, adding roughly $4.7 billion based on current exchange rates. The Ministry of Finance’s

– According to UN Trade and Development, the UAE’s outward foreign direct investment reached $63.353 billion in 2025. By the end of that year, the nation’s total outward FDI stock had climbed to $402.729 billion. This marks a significant increase

– Pakistan increased petrol prices once more on October 6, following an earlier hike announced three days prior. The price of petrol rose by Rs0.88, reaching Rs393.64 per litre in the latest revision. Meanwhile, high-speed diesel experienced a decrease of

– On October 5, in New Delhi, India and Switzerland formalized their strengthened partnership by signing five cooperation agreements and arrangements. Prime Minister Narendra Modi and Swiss President Guy Parmelin led the discussions during Parmelin’s three-day state visit. These agreements

– Oil prices hovered around $102 a barrel on Monday following an initial rise that lifted Brent crude futures above $103. At 0900 GMT, Brent crude futures stood at $102.30 a barrel, reflecting an increase of 5 cents. Meanwhile, U.S.

– Renault Group has announced plans to allocate more than €10 billion in France over the upcoming five years. Chief Executive François Provost revealed this commitment on October 3. The funds aim to enhance electric vehicle manufacturing and develop more