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The global financial community remains highly optimistic about the economic outlook of the United Arab Emirates. Recent macroeconomic assessments published by the World Bank Group project that the country will see significant growth over the next two years. Specifically, the

– Gulf Cooperation Council Secretary-General Jasem Mohamed Albudaiwi emphasized the need for increased partnership with Europe to safeguard international supply networks from maritime disruptions and escalating transportation costs. During a speech in New York on September 24, Albudaiwi highlighted how

– On Thursday, Egypt’s central bank decided to keep its key interest rates steady, maintaining the policies established since February. The Monetary Policy Committee held the overnight deposit rate at 19.00% and the overnight lending rate at 20.00%. It also

– Economic expansion across developing Asia and the Pacific is expected to slow to 5.0% in 2026 from 5.5% in 2025. The Asian Development Bank increased its 2026 growth estimate by 0.1 percentage points compared to its July projection. The

– Remittances sent home by Egyptians working overseas reached approximately $29.7 billion during the first seven months of 2026. The Central Bank of Egypt reported a 28.1% rise from roughly $23.2 billion in the same period of 2025. These figures

– China held its benchmark lending rates steady in September, with the one-year loan prime rate (LPR) remaining at 3.0%. The over-five-year LPR stayed at 3.5%, based on the official September 20 fixing. Many lenders reference this longer-term rate when

– China kept its key lending rates steady in September, holding the one-year loan prime rate at 3.0%. The over-five-year LPR also remained unchanged at 3.5%, based on the official September 20 fixing. Many lenders reference this longer-term rate for

The government of South Korea announced a two-month prolongation of its temporary fuel tax reduction scheme through the end of November 2026 to shield local consumers and logistics operators from ongoing global energy price fluctuations. This decision was formalized during

India has cautioned Washington that the proposed tariffs on nations importing Russian crude oil may jeopardize bilateral relations and cause disruptions in worldwide commodity trade. This warning came after the United States House of Representatives approved the Sanctioning Russia and

International trading desks experienced renewed selling pressure on bullion following the U.S. Federal Reserve’s decision to implement a quarter-point interest rate increase. Spot gold fell 1 percent to $4,249 per ounce, reaching multi-session lows amid rising sovereign yields and tighter