Browsing: Business

SHARJAH: Air Arabia (PJSC) reported a record AED 1.8 billion net profit before tax for 2025 and said its board has proposed a cash dividend of 30 fils per share, subject to shareholder approval. The Sharjah-headquartered low-cost airline said the

NEW YORK: Silver prices fell sharply on Thursday, extending a volatile run for the metal as fresh U.S. labor data pushed the U.S. dollar higher and pressured precious metals. Spot silver was down 8.9% at $76.54 per ounce by early

HANOI: Vietnam has set a target for domestic steel output to meet about 80% to 85% of local demand by 2030 under a national strategy approved in Prime Ministerial Decision No. 261/QD-TTg. The decision, signed on Feb. 9 by Deputy

CryptoWire, ABU DHABI: The Central Bank of the UAE has approved the launch of a UAE dirham-backed stablecoin called DDSC, enabling it to go live on ADI Chain, the companies behind the project said on February 11, 2026. The approval

EuroWire, PETROPAVLOVSK-KAMCHATSKY: The 6th Sustainable Development Forum is scheduled to be held in Petropavlovsk-Kamchatsky from Feb. 17 to Feb. 21, bringing together government officials, business representatives and industry specialists for a multi day program focused on regional development in Kamchatka

CAIRO: Egypt’s core inflation rate slowed to 11.2% year on year in January 2026, down from 11.8% in December, according to data released by the Central Bank of Egypt. The reading is closely watched as a gauge of underlying price

NEW YORK: Gold traded back above the $5,000 an ounce level this week, with spot prices around $5,078 as a softer U.S. dollar coincided with renewed demand for the metal. The move followed sharp swings since late January, when gold

BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International Energy Agency said

BEIJING: China has outlined a renewed push to expand the global role of the renminbi, also known as the yuan, alongside new measures aimed at strengthening cross-border settlement channels and building financial infrastructure in Shanghai. In an essay published by

MENA Newswire, SEOUL: South Korea’s consumer inflation eased to 2.0% in January from 2.3% in December, as measured by the consumer price index, government data released Tuesday showed. The CPI, with 2020 set to 100, rose to 118.03 in January.