Browsing: Business

SEOUL: Sales at South Korea’s major retailers rose 5.6% from a year earlier in March, extending gains in consumer spending as online platforms outpaced store-based outlets and department stores benefited from seasonal demand. The Ministry of Trade, Industry and Energy

WASHINGTON: The World Bank’s Board of Executive Directors approved US$225 million in grant financing from the International Development Association for Syria on April 23, allocating US$150 million for water services and US$75 million for health services. The financing will be

SYDNEY: Dnata said on April 22 it will invest about A$32 million to establish a dedicated cargo terminal at Western Sydney International Airport, becoming one of the early freight operators at Sydney’s new 24-hour gateway before full passenger services begin. The Dubai-based

ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Albanian Prime Minister Edi Rama on Monday during a working visit to the UAE, with the two leaders focusing on steps to deepen cooperation in the economy, trade, renewable

ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil activity, trade, banking and investment, reinforcing its position as one of the region’s fastest-growing economies. Releases published in the

TOKYO: Japan’s defense spending and related costs for fiscal 2026 will total about 10.6 trillion yen, or roughly 1.9% of the country’s 2022 gross domestic product, Defense Minister Shinjiro Koizumi said on Friday, putting the latest budget cycle near a

KUALA LUMPUR: Halal exports of Malaysia rose to RM68.52 billion in 2025, up 10.9% from a year earlier, as food and beverage products and halal ingredients continued to anchor overseas sales in one of the country’s key export segments. Halal

SEOUL: South Korea has approved its first paid self-driving freight transport service, authorizing autonomous driving startup RideFlux to begin commercial cargo operations on a long-distance route linking Seoul and Jincheon. The Ministry of Land, Infrastructure and Transport said the service

SEJONG: South Korea’s automobile exports rose in March as strong global demand for hybrid vehicles lifted overseas shipments despite weaker sales in parts of Asia and the Middle East. The Ministry of Trade, Industry and Resources said auto exports totaled

ABU DHABI: Global renewable power capacity expanded by a record 692 gigawatts in 2025, lifting the world’s installed renewable total to 5,149 GW and marking a 15.5% annual increase, according to new data from the International Renewable Energy Agency. Renewables