Browsing: Business

Apple said the Broadcom agreement will support hundreds of U.S. jobs and more than 15 billion chips made in America across U.S. supply chains.

ILO says generative AI could affect nearly 80 million ASEAN workers, with exposure broad but major job disruption not yet evident.

ADB lowered its 2026 growth forecast for Asia Pacific economies as energy disruption raises costs across the region.

China’s foreign exchange reserves fell 0.75% in June to $3.4163 trillion as dollar strength and asset price shifts weighed on valuations.

Africa FDI reached $70 billion in 2025, ranking third-highest since 1990 while staying above the continent’s long-term average investment level.

Developing Asia drew $644 billion in FDI in 2025, keeping its lead among developing regions as South-East Asia topped subregional inflows.

Brent crude closed at $74.16 while WTI settled at $70.44, with oil markets tracking Iranian oil rules and Strait of Hormuz shipping.

Arada launched Arada Capital in Abu Dhabi, targeting $5bn in assets under management through GCC real estate investment funds.

ADNEC Group reported AED9.2bn in 2025 UAE economic impact, with record venue, tourism, catering and event activity.

Iraq’s Basra Oil Company signs a five-year Halliburton deal to manage Bin Omar and Sindbad oil fields and raise crude and gas output.