Browsing: Business

– China maintained its benchmark lending rates at their September levels, continuing a period of stable borrowing costs. The one-year loan prime rate stayed at 3.0%, and the over-five-year rate remained at 3.5%. These longer-term benchmarks are typically used by

South Korea will prolong its current fuel tax reductions until late November 2026, maintaining a 15 percent discount on gasoline and a 25 percent reduction on diesel and butane to help cushion the domestic economy from fluctuations in global oil

India has cautioned Washington that the proposed tariffs on nations importing Russian crude oil could negatively impact bilateral relations and cause disruptions in global commodity markets. This warning came in the wake of the US House of Representatives passing the

Global commodity markets saw a continued decline in gold prices, with spot bullion decreasing by 1 percent during international trading sessions to reach $4,249 per ounce. This drop followed the U.S. Federal Reserve’s decision to increase benchmark interest rates by

– During their recent discussions, the leaders of the United Arab Emirates and India emphasized the importance of expanding economic and strategic cooperation, with bilateral trade reaching a record high of $101.25 billion during India’s 2025-26 fiscal year. Abu Dhabi

– In August 2026, Oman experienced an annual inflation rate of 3.4%, marking an ongoing increase in consumer prices. The rate was 3.2% in July and 2.8% in June. For the period from January to August, the average inflation stood

During his visit to Germany, President His Highness Sheikh Mohamed bin Zayed Al Nahyan held discussions with top German business executives and corporate heads in Berlin. These engagements took place amid his official state visit, where, at a high-level roundtable,

India and Russia are ramping up efforts to expand their non-energy trade and mutual investments as both countries aim to reach a $100 billion annual bilateral trade volume by 2030. During the INNOPROM India 2026 industrial trade exhibition, officials laid

– The United Arab Emirates has committed to channel €40 billion into Germany, targeting sectors such as industry, technology, energy, and digital infrastructure. This significant funding was unveiled during President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany.

– Bilateral cooperation between the United Arab Emirates and Germany was significantly enhanced during a state visit to Berlin, where a total of 12 government agreements and declarations were announced. The visit was attended by UAE President Sheikh Mohamed bin