Browsing: Business

DUBAI: Dubai International Chamber said Asia accounted for 46.9% of the multinational companies it attracted to the emirate in 2025, the biggest regional share among the new entrants it helped bring to Dubai. The chamber said it attracted 64 multinational

DUBAI: Dubai Aerospace Enterprise said on Feb. 26 it has agreed to acquire Macquarie AirFinance Limited, an aircraft leasing company backed by Macquarie, in an all-cash transaction valuing the business at about $7 billion on an enterprise value basis. DAE

SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of Korea’s Monetary

HARARE: Zimbabwe has suspended the export of all raw minerals and lithium concentrates with immediate effect, the Ministry of Mines and Mining Development said, ordering the restriction to be observed “until further notice.” The ministry said the suspension applies to

BEIRUT: The United Nations Economic and Social Commission for Western Asia said the Arab region’s economy is projected to expand 3.7% in 2026, accelerating from an estimated 2.9% in 2025, as parts of the region extend a gradual recovery while

ISLAMABAD: Pakistan’s rice export earnings fell 40.5% to $1.31 billion in the first seven months of the 2025-26 fiscal year, according to external trade data compiled by the Pakistan Bureau of Statistics, as the country faced a sharper price squeeze

CAIRO: Egypt’s Ministry of Petroleum and Mineral Resources said crude oil production has started from a new well, Belayim Marine 133, in the Belayim Marine field in the Gulf of Suez. The ministry reported an initial production rate of about

CAIRO: Remittances sent home by Egyptians working abroad rose 40.5% in 2025 to about $41.5 billion, the Central Bank of Egypt said, marking the highest annual level on record. The increase compares with roughly $29.6 billion recorded in 2024, reflecting

MUSCAT: The United Arab Emirates was Oman’s leading trading partner in 2025 for non-oil exports, re-exports and merchandise imports, according to the latest monthly statistical bulletin issued by Oman’s National Centre for Statistics and Information. Non-oil exports from Oman to

ISLAMABAD: Pakistan’s Planning and Development Minister Ahsan Iqbal said updated official estimates show poverty and economic inequality worsening over the past seven years, with the national poverty headcount rising to 28.9% in fiscal year 2024-25 from 21.9% in 2018-19. The