Browsing: Business

– Indonesia has formalized a new partnership between its investment and sports authorities to enhance commercial activities within the country’s sports industry. Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir signed the memorandum on

– A five-year wheat supply arrangement valued at up to US$500 million has been officially implemented between the UAE and Egypt. Al Dahra Agriculture Trading will deliver imported wheat to Egypt’s General Authority for Supply Commodities as part of this

– Oil prices rebounded on Tuesday after experiencing losses exceeding 2% in the previous session. Brent crude increased by 27 cents to reach $92.44 a barrel at 0330 GMT, while U.S. West Texas Intermediate climbed 37 cents to $85.38. This

– Alibaba Group has announced an HK$80 billion share placement aimed at boosting its investments in artificial intelligence and cloud technology. The firm will issue 710 million new ordinary shares at HK$112.70 each, translating to roughly US$10.2 billion based on

– A South Korean container vessel has embarked on its inaugural Arctic journey, marking the country’s first commercial container cargo trial through the northern route. Departing from Busan on August 22, the PanStar Acro is undertaking a planned 45-day round

– Egypt’s central bank kept its key interest rates steady on August 20, marking the fourth consecutive policy meeting without changes to borrowing costs. The overnight deposit rate held at 19%, and the overnight lending rate stayed at 20%. Both

– In July 2026, Japan achieved record-high values for both imports and exports within a single month, driven by increased energy expenses and robust demand for technology products. Imports escalated by 27.8% year-over-year to approximately 12.15 trillion yen. Exports also

– U.S. stocks finished higher on Wednesday, supported by a significant drop in long-term Treasury yields. The S&P 500 added 16.22 points, or 0.21%, closing at 7,707.98. The Dow Jones Industrial Average increased by 119.65 points, or 0.22%, to 53,463.05.

– On Friday, global markets for precious metals showed a downward trend as spot gold prices dipped, setting the stage for an overall weekly decrease. Market data indicated that spot gold fell by 0.5 percent to trade at $4,326.75 per

– In July 2026, global electric vehicle sales rose by 9% compared to the previous year, totaling 1.85 million units worldwide. The cumulative sales for the first seven months reached 11.5 million vehicles, representing a 4% increase from the same