Browsing: Business

– In the first 20 days of October, South Korea’s semiconductor exports soared by 222.5% year on year to reach $27.5 billion, contributing to a total export value of $61.6 billion. Overall outbound shipments more than doubled compared to the

– Oil prices surged notably on Friday, with Brent crude reaching $110 a barrel for the first time since May. Rising fears that escalating tensions in the Middle East could further tighten supply contributed to the rally. Brent for December

– During the initial eight months of 2026, Egypt saw a historic inflow of $33.9 billion in remittances from citizens working abroad. The Central Bank of Egypt announced on Tuesday, October 13, that these inflows increased by 27.2% compared to

– Oman’s electricity generation expanded by 4.3% during the first eight months of 2026, reaching a total of 37,481.8 gigawatt-hours compared to 35,935.3 GWh in the same period of 2025. This increase of approximately 1,546.5 GWh was reflected in preliminary

– By early October 2026, Indonesia had attracted Rp131.1 trillion, approximately $7.33 billion, in foreign capital inflows. Finance Minister Suahasil Nazara disclosed this figure during the government’s latest state budget briefing in Jakarta. The majority of foreign investments were directed

– The African Union has officially launched the Africa Credit Rating Agency, known as AfCRA, in Mauritius. During the second African Conference on Credit Ratings held in Port Louis, the agency was introduced to provide credit evaluations for African sovereign

– Pakistan’s federal government’s state-owned companies owed approximately $36.5 billion in debt as of December 2025. This figure reflects a 14.3% increase from the previous year, equating to roughly $4.7 billion at current exchange rates. The latest data from Pakistan’s

– In 2025, the UAE’s outward foreign direct investment (FDI) reached a total of $63.353 billion, as reported by UN Trade and Development. By year’s end, the country’s total outward FDI stock had climbed to $402.729 billion. This marks a

– Pakistan has again increased petrol prices on October 6, following a rise announced three days earlier. The latest revision saw petrol go up by Rs0.88 to Rs393.64 per litre, while high-speed diesel decreased by Rs1.88 to Rs397.76 per litre.

– On October 5, India and Switzerland formalized five partnership agreements following discussions in New Delhi. Prime Minister Narendra Modi and Swiss President Guy Parmelin led the negotiations during Parmelin’s three-day state visit. The accords encompass migration, young professionals, transport,