Browsing: Business
– On Friday, oil prices surged significantly, with Brent crude reaching $110 a barrel for the first time since May. Concerns over escalating Middle East conflicts fueling fears of tighter supplies drove the price jump. Brent for December delivery increased
– During the first eight months of 2026, Egypt received a historic $33.9 billion in remittances from citizens working abroad. The Central Bank of Egypt announced on Tuesday, October 13, that these inflows increased by 27.2% compared to $26.6 billion
– Oman’s electricity output rose by 4.3% year-on-year during the initial eight months of 2026. The total reached 37,481.8 gigawatt-hours, compared to 35,935.3 GWh in the same period of 2025. This growth accounts for about 1,546.5 GWh. Data from the
– Indonesia accumulated Rp131.1 trillion, approximately $7.33 billion, in foreign capital inflows through early October 2026. Finance Minister Suahasil Nazara announced this figure during the government’s latest state budget briefing in Jakarta. The majority of foreign investments went into government
– The African Union has officially introduced the Africa Credit Rating Agency, known as AfCRA, in Mauritius. The agency’s role is to provide credit evaluations for African sovereign nations, corporations, financial institutions, and other issuers. Its debut took place in
– Pakistan’s federal state-owned enterprises carried a debt load of approximately $36.5 billion at the close of December 2025. This total marked a 14.3% increase from the previous year, adding about $4.7 billion at current exchange rates. The figures were
– In 2025, the UAE’s outbound foreign direct investment reached $63.353 billion, according to UN Trade and Development. By year’s end, the country’s total FDI stock abroad stood at $402.729 billion. This compares to $55.560 billion in 2010. The rise
– Pakistan increased petrol prices once again on October 6, following an earlier hike announced three days prior. The new petrol rate is Rs393.64 per litre, up Rs0.88 from the previous level. Meanwhile, high-speed diesel decreased by Rs1.88 to Rs397.76
– On October 5, in New Delhi, India and Switzerland formalized five cooperation agreements following discussions led by Prime Minister Narendra Modi and Swiss President Guy Parmelin. The talks took place during Parmelin’s three-day state visit. The agreements encompass migration,
– Oil prices hovered around $102 a barrel on Monday after an initial surge pushed Brent above $103. Brent crude futures stood at $102.30 a barrel at 0900 GMT, up by 5 cents. U.S. West Texas Intermediate crude traded at