Browsing: Business

– Indonesia has strengthened collaboration between its investment and sports ministries to foster growth within the country’s sports sector. On August 28, Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir signed a memorandum of

– Al Dahra Agriculture Trading and Egypt’s General Authority for Supply Commodities have formalized a five-year arrangement valued at up to US$500 million for wheat deliveries. This agreement transitions Egypt’s 2023 financing framework into an operational import plan. Under this

– Oil prices experienced a slight bounce on Tuesday after both Brent crude and WTI declined over 2% in the previous trading session. By 0330 GMT, Brent futures increased by 27 cents, or 0.3%, reaching $92.44 per barrel. Meanwhile, U.S.

– Alibaba Group has announced an HK$80 billion share placement aimed at boosting its investments in artificial intelligence and enhancing its AI infrastructure. The Chinese tech giant will issue 710 million new ordinary shares at HK$112.70 each, translating to roughly

– South Korea has embarked on its inaugural container ship journey through the Arctic to reach Europe. The 2,758-TEU PanStar Acro departed from Busan New Port at approximately 9 p.m. on August 22. The Ministry of Oceans and Fisheries confirmed

– The Central Bank of Egypt maintained its key interest rates on August 20, marking the fourth consecutive pause in policy adjustments. The Monetary Policy Committee kept the overnight deposit rate at 19% and the overnight lending rate at 20%,

– In July 2026, Japan achieved record-high trade values for both imports and exports, driven by increased energy prices and strong semiconductor demand. Imports surged 27.8% year-on-year to approximately 12.15 trillion yen, while exports grew by 23.2% to around 11.51

– U.S. stocks experienced modest increases on Wednesday, primarily driven by a sharp decline in long-term Treasury yields. The S&P 500 climbed 16.22 points, or 0.21%, reaching 7,707.98 and ending a streak of three consecutive losing sessions. The Dow Jones

– On Friday, precious metals markets worldwide moved lower, with spot gold prices declining and heading toward a weekly downturn. According to market data, the price of spot gold fell 0.5 percent to trade at $4,326.75 per ounce, while United

– In July 2026, worldwide electric vehicle sales expanded by 9% compared to the previous year, totaling 1.85 million units. This growth contributed to a cumulative sales figure of 11.5 million vehicles for the first seven months of the year,