Browsing: Business
– According to data released on Wednesday by the Korea Customs Service, South Korea’s semiconductor exports experienced a year-on-year increase of 222.5%, reaching $27.5 billion in the first 20 days of October. This growth contributed to total exports amounting to
– On Friday, oil prices surged sharply, with Brent crude reaching $110 a barrel for the first time since May. The increase was driven by concerns that escalating conflicts in the Middle East could lead to tighter supply. Brent for
– During the initial eight months of 2026, Egypt saw a historic inflow of $33.9 billion in remittances from nationals working abroad. The Central Bank of Egypt announced on Tuesday, October 13, that these inflows increased by 27.2% compared to
– Oman’s electricity generation saw an increase of 4.3% year on year during the initial eight months of 2026. The total electricity produced reached 37,481.8 gigawatt-hours, compared to 35,935.3 GWh in the same period of 2025. This growth of approximately
– By the beginning of 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 latest state budget briefing held in Jakarta. The majority of foreign investments
– The African Union has officially introduced the Africa Credit Rating Agency, known as AfCRA, in Mauritius. This new agency will deliver credit evaluations for African sovereign nations, corporations, financial entities, and other issuers. The launch event occurred in Port
– Pakistan’s government revealed that its federal state-owned enterprises were burdened with approximately $36.5 billion in debt as of December 2025. This figure reflects a 14.3% increase from the previous year, equating to an additional roughly $4.7 billion at current
– According to UN Trade and Development, the UAE’s outward foreign direct investment (FDI) amounted to $63.353 billion in 2025. By the end of the year, the country’s total outward FDI stock reached $402.729 billion, a significant increase from $55.560
– Pakistan has once again raised petrol prices on October 6, building upon the increase announced three days prior. The latest revision saw petrol prices climb by Rs0.88 to Rs393.64 per litre. Meanwhile, high-speed diesel experienced a decrease of Rs1.88,
– Following discussions in New Delhi on October 5, India and Switzerland formalized five agreements and arrangements to enhance their cooperation. Prime Minister Narendra Modi and Swiss President Guy Parmelin led the negotiations during Parmelin’s three-day state visit. The accords