Browsing: Business

– 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.

– In August 2026, Oman’s yearly inflation rate reached 3.4%, continuing an upward trend in consumer prices. Prior to this, inflation was 3.2% in July and 2.8% in June. The average inflation rate from January to August stood at 2.9%.

President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with German business leaders and corporate executives in Berlin as part of his official state visit to the Federal Republic of Germany. During the high-level executive roundtable, the UAE President

India and Russia are stepping up initiatives to boost non-energy commerce and mutual investments as both countries aim for $100 billion in bilateral trade annually by 2030. During the INNOPROM India 2026 industrial trade exhibition, officials presented plans to reduce

– The United Arab Emirates has committed to investing €40 billion in Germany across sectors such as industry, technology, energy, and digital infrastructure. This significant pledge was announced during President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany.

– During an official visit to Berlin, the United Arab Emirates and Germany broadened their bilateral collaboration. UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz announced the signing of 12 government accords and statements. These

– Gold prices remained above $4,400 an ounce on Thursday following a reversal of an earlier decline seen in the previous session. Spot gold increased by 0.3% to reach $4,414.28 an ounce as of 0419 GMT. Meanwhile, U.S. gold futures

– The Panama Canal is weighing another reduction in daily vessel transits because of increasing pressure from drought affecting its water reserves. Ilya Espino de Marotta stated that traffic could decrease to approximately 29 ships daily during February or March

German automaker Volkswagen AG agreed Monday to sell its Osnabrück manufacturing plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony, setting up the site’s conversion into a dedicated defense manufacturing facility. Under the preliminary

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