Browsing: Business

– Oman’s yearly inflation rate increased to 3.4% in August 2026, driven by rising prices in transportation, food, and various service sectors. This figure compares to 3.2% in July and indicates a continued upward trend in annual consumer price inflation.

During a meeting in Berlin, top officials from the United Arab Emirates and Germany discussed plans to strengthen economic ties, with the UAE President Sheikh Mohamed bin Zayed Al Nahyan emphasizing the importance of boosting cross-border investments and trade integration.

India and Russia agreed to accelerate bilateral economic cooperation to achieve a target of $100 billion in two-way trade by 2030. Following high-level plenary sessions at the INNOPROM India 2026 industrial technology exhibition in New Delhi, officials from both governments

– The United Arab Emirates has revealed a €40 billion investment plan directed at Germany, targeting key sectors such as industry, advanced technology, artificial intelligence, digital infrastructure, and energy. This announcement was made during President Sheikh Mohamed bin Zayed Al

– During a state visit to Berlin, the United Arab Emirates and Germany formalized a Strategic Dialogue and reached an agreement to create a bilateral Investment Council. UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz

– On Thursday, gold prices moved slightly higher, with a softer U.S. dollar bolstering precious metals ahead of new U.S. inflation data releases. The spot gold price increased by 0.3% to $4,414.28 per ounce as of 0419 GMT. Meanwhile, U.S.

– The Panama Canal could see its daily vessel count reduced to approximately 29 ships in February or March 2027 if drought persists, according to its newly appointed administrator. Ilya Espino de Marotta assumed her role on Sept. 7 and

The German automobile giant Volkswagen AG has reached an accord on Monday to transfer ownership of its Osnabrück assembly plant to Israeli private equity firm Aurelius Capital and the German federal state of Lower Saxony. Under the preliminary agreement, the

– Egypt’s net international reserves increased to a historic $57.2145 billion at the conclusion of August 2026. The Central Bank of Egypt announced this provisional figure on September 7. At the end of July, reserves stood at $56.2939 billion. Consequently,

South Korea alongside African nations will initiate a significant framework for economic cooperation centered on artificial intelligence and technology-led growth during the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. This upcoming ministerial event celebrates two decades of bilateral collaboration,