Browsing: Business
– On September 12, in New Delhi, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met with Indian Prime Minister Narendra Modi. The leaders discussed ways to deepen ties between the United Arab Emirates and India.
– The annual inflation rate in Oman reached 3.4% in August 2026, indicating a continued increase in consumer prices. The rate was 3.2% in July and 2.8% in June. For the period from January to August, the average inflation stood
In Berlin, President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks with top German business executives and corporate leaders during his official state visit to Germany. The high-level gathering involved an executive roundtable where the UAE President was
India and Russia are stepping up initiatives to broaden their non-energy commerce and mutual investments, aiming for an annual bilateral trade volume of $100 billion by 2030. During the INNOPROM India 2026 industrial trade fair, officials detailed plans to reduce
– During President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany, the United Arab Emirates revealed plans to channel €40 billion into the German economy, focusing on sectors such as industry, technology, energy, and digital infrastructure. The announcement
– During an official state visit to Berlin, the United Arab Emirates and Germany expanded their bilateral collaboration. UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz announced the signing of 12 government agreements and declarations.
– Gold prices hovered above $4,400 an ounce on Thursday after reversing an earlier decline from the previous session. Spot gold increased 0.3% to $4,414.28 an ounce by 0419 GMT. Meanwhile, U.S. gold futures for December delivery dipped 0.1% to
– The Panama Canal is contemplating further restrictions on daily vessel transits amid ongoing water shortages impacting its reservoir levels. According to Administrator Ilya Espino de Marotta, the number of ships could decrease to approximately 29 per day in February
German automaker Volkswagen AG agreed Monday to sell its Osnabrück manufacturing plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony, setting up the site’s conversion into a dedicated defense manufacturing facility. Under the preliminary
– By the end of August 2026, Egypt’s international reserves stood at an all-time high of $57.2145 billion, according to the Central Bank of Egypt. The official provisional figure was announced on September 7, showing an increase from $56.2939 billion