Business
The global financial community continues to hold a highly optimistic view of the United Arab Emirates’s economic prospects. Recent macroeconomic evaluations by the World Bank Group suggest that the country will see strong growth in the upcoming years. Specifically, the
– Gulf Cooperation Council Secretary-General Jasem Mohamed Albudaiwi emphasized the need for increased partnership with Europe to safeguard international supply routes from maritime disturbances and escalating transportation expenses. Addressing the second ministerial session of the Rome Coalition for fertiliser access
– On Thursday, Egypt’s central bank decided to keep its key interest rates steady, continuing the policy stance since February. The Monetary Policy Committee maintained the overnight deposit rate at 19.00% and the overnight lending rate at 20.00%. The main
– The Central Bank of Egypt announced that remittances from Egyptians working abroad amounted to approximately $29.7 billion during the initial seven months of 2026. This figure represents a 28.1% increase compared to roughly $23.2 billion in the same period
– China held steady its benchmark lending rates in September, with the one-year loan prime rate remaining at 3.0%. The over-five-year LPR was also unchanged at 3.5%, based on the official rate set on September 20. This rate often serves
In a move aimed at mitigating the impact of ongoing global energy market fluctuations, South Korea has announced a two-month prolongation of its temporary fuel tax reduction scheme, now extending until the end of November 2026. This decision was made