Browsing: Business

– Brent crude reached $110 a barrel on Friday, marking its first breach of this level since May, driven by rising Middle East tensions that heightened fears of tighter supply. Brent futures for December delivery closed up $3.94, or 3.7%,

– Remittances sent by Egyptians working abroad increased by 27.2% during the first eight months of 2026, reaching an all-time high of $33.9 billion. The Central Bank of Egypt announced these figures on Tuesday, October 13. This compares to inflows

– Oman’s overall electricity generation increased by 4.3% year-on-year through August 2026, reaching 37,481.8 gigawatt-hours. During the same period in 2025, output was 35,935.3 GWh. Data from the National Centre for Statistics and Information indicated growth in multiple governorates, contributing

– By early October 2026, Indonesia’s financial markets received foreign capital inflows totaling Rp131.1 trillion, approximately $7.33 billion. Finance Minister Suahasil Nazara disclosed this cumulative figure during the government’s monthly state budget briefing held in Jakarta. The majority of these

– On October 7, the African Union inaugurated the Africa Credit Rating Agency, or AfCRA, in Mauritius. This new entity aims to evaluate African sovereigns, corporations, and other issuers, offering independent credit assessments grounded in African data, expertise, and economic

– Pakistan’s federal state-owned enterprises had accumulated debt totaling approximately $36.5 billion by the end of December 2025. This amount represents a 14.3% increase from the previous year, equating to roughly $4.7 billion at current exchange rates. The Ministry of

– According to UN Trade and Development, the UAE’s outward foreign direct investment (FDI) in 2025 totaled $63.353 billion. By the end of the year, the country’s total overseas FDI stock had grown to $402.729 billion, up from $55.560 billion

– Pakistan saw another increase in petrol prices on October 6 following a daily fuel adjustment. The price of petrol went up by Rs0.88 per litre to Rs393.64, continuing the upward trend from three days prior. Meanwhile, high-speed diesel decreased

– During high-level discussions in New Delhi on Monday, India and Switzerland formalized five new cooperation agreements. Prime Minister Narendra Modi and Swiss President Guy Parmelin presided over the negotiations. The agreements encompass migration, young professionals, transport infrastructure, scientific research,

– Oil prices remained close to $102 a barrel on Monday, after Brent briefly surpassed $103 in early trading. At 0900 GMT, Brent crude futures were up 5 cents at $102.30 a barrel. Meanwhile, U.S. West Texas Intermediate crude declined