Browsing: Business

India’s cabinet approved the ₹10,000 crore Startup India Fund of Funds 2.0, a $1.1B boost to mobilize venture capital for startups, deep tech, and manufacturing.

Air Arabia reported record 2025 pre-tax profit of AED 1.8bn, revenue of AED 7.78bn, and a proposed 30 fils dividend, pending approval. Passengers reached 21.8m.

Silver tumbled over 10% in New York as strong U.S. jobs data boosted the dollar, with higher COMEX margins and volatility weighing on futures trading at noon ET.

Vietnam approved a steel industry strategy to meet 80-85% of domestic demand by 2030, targeting 25-26m tonnes crude steel and 32-33m finished steel via QD 261.

Central Bank of the UAE clears DDSC dirham stablecoin on ADI Chain with IHC, Sirius and First Abu Dhabi Bank, focusing on payments, treasury and trade at launch.

Petropavlovsk-Kamchatsky hosts the 6th Sustainable Development Forum Feb 17-21, featuring 40+ sessions on investment, planning, tourism and hospitality in Russia.

Egypt core inflation eased to 11.2% year on year in January, while headline inflation slipped to 10.1% and monthly CPI rose 1.5%, official data showed in Cairo.

Spot gold climbed to near $5,078 holding above $5,000 an ounce, as a weaker U.S. dollar lifted demand and China’s central bank reported higher January holdings.

China sold over 11 million electric cars in 2024, helping cap gasoline demand, and weakening prices for discounted Venezuelan crude in Chinese refineries today.

China expands yuan settlement via CIPS and mBridge as Shanghai opens a digital yuan center while IMF and SWIFT data show the dollar leads reserves and payments.