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The global financial community remains highly optimistic about the economic outlook of the United Arab Emirates. Recent macroeconomic evaluations issued by the World Bank Group suggest that the country will see significant growth in the coming years. Specifically, the World

– Gulf Cooperation Council Secretary-General Jasem Mohamed Albudaiwi emphasized the need for closer cooperation with Europe to safeguard supply chains for food, energy, and commodities. His remarks came in New York on September 24, during the second ministerial session of

– Egypt’s central bank announced on Thursday that it would keep its benchmark interest rates at their current levels, following a decision made in February. The Monetary Policy Committee maintained the overnight deposit rate at 19.00% and the overnight lending

– Economic expansion across developing Asia and the Pacific is projected to slow to 5.0% in 2026. The region experienced a 5.5% growth rate in 2025, according to the Asian Development Bank’s latest outlook. The updated forecast for 2026 is

– Remittances sent home by Egyptians working abroad amounted to approximately $29.7 billion from January through July 2026. The Central Bank of Egypt reported that this sum increased by 28.1% compared to around $23.2 billion a year earlier. This seven-month

– China kept its benchmark lending rates steady in September, continuing a period of consistent borrowing costs. The one-year loan prime rate stayed at 3.0%, and the over-five-year rate remained at 3.5%. Financial institutions typically use the longer-term benchmark when

South Korea has decided to prolong its fuel tax reductions until late November 2026. The 15 percent discount on gasoline and the 25 percent cut on diesel and butane will remain in effect to help shield the economy from shocks

India issued a warning to Washington that the proposed tariffs on nations importing Russian crude oil could negatively affect bilateral ties and disturb worldwide commodity trading. This warning came in response to the United States House of Representatives passing the

The decline in gold prices persisted across international commodity exchanges as investors responded to the U.S. Federal Reserve decision to increase benchmark interest rates by a quarter of a percentage point. Spot bullion decreased by 1 percent during global trading

– On September 12, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met with Indian Prime Minister Narendra Modi in New Delhi. The discussions focused on enhancing bilateral relations between the United Arab Emirates and India.