Browsing: Business

– Trade between Russia and Oman soared to $1.5 billion during the first seven months of 2026, marking a decade-high milestone, according to Sergei Shoigu. The Secretary of Russia’s Security Council stated that bilateral trade had increased 22-fold over this

– Japan’s trade balance showed a deficit of 536.6 billion yen in September, even as exports marked their 13th consecutive monthly increase. The Ministry of Finance preliminary data indicated that exports rose 16.7% year on year to 10.9723 trillion yen,

– In the first 20 days of October, South Korea’s semiconductor exports experienced a remarkable increase of 222.5% year on year, reaching $27.5 billion. This surge contributed to total exports amounting to $61.6 billion. Overall outbound shipments more than doubled

– Oil prices surged significantly on Friday, with Brent crude reaching $110 a barrel for the first time since May. The rally was fueled by fears that escalating Middle East conflicts could lead to tighter supplies. Brent for December delivery

– Egypt has received an all-time high of $33.9 billion in remittances from its citizens working abroad during the initial eight months of 2026. The Central Bank of Egypt announced on Tuesday, October 13, that inflows increased by 27.2% from

– Oman’s electricity generation saw a 4.3% increase year-on-year during the first eight months of 2026. The total output reached 37,481.8 gigawatt-hours, compared to 35,935.3 GWh during the same period in 2025. This growth of approximately 1,546.5 GWh was supported

– By early October 2026, Indonesia had attracted Rp131.1 trillion, approximately $7.33 billion, in foreign capital inflows. Finance Minister Suahasil Nazara announced this figure during the government’s latest state budget briefing in Jakarta. The majority of foreign investment was directed

– The African Union has officially introduced the Africa Credit Rating Agency, known as AfCRA, in Mauritius. This new agency is set to deliver credit evaluations for African sovereigns, corporations, financial institutions, and other issuers. The launch event took place

– Pakistan’s federal state-owned enterprises had accumulated approximately $36.5 billion in debt by the end of December 2025. This figure reflects a 14.3% rise from the previous year, equating to an increase of about $4.7 billion when calculated at current

– By the end of 2025, the UAE’s overseas foreign direct investment (FDI) stock reached $402.729 billion, following outward investments of $63.353 billion during the year, according to UN Trade and Development. This marks a significant rise from $55.560 billion