Browsing: Business

WASHINGTON, December 13, 2025: Gold prices climbed globally on Friday after the United States Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75%, marking the central bank’s third rate reduction this year. The decision strengthened gold’s

AUSTIN, Texas, December 11, 2025: Oracle Corporation shares dropped sharply after the enterprise software company reported quarterly revenue that fell short of Wall Street expectations, signaling a slowdown in the company’s cloud growth momentum. The stock declined more than eight percent in after-hours trading following

WASHINGTON, December 4, 2025: The World Bank has projected that the United Arab Emirates’ economy will expand by 4.8 percent in 2025, driven by balanced growth across both oil and non-oil sectors. The forecast was released in the Gulf Economic Update (GEU) Fall

JOHANNESBURG, November 23, 2025: Prime Minister Narendra Modi met Japanese Prime Minister Sanae Takaichi on the sidelines of the G20 Leaders’ Summit in Johannesburg, marking their first in-person meeting since their telephone conversation on October 29. The meeting reaffirmed the strength

SANTA CLARA, California, November 21, 2025: Nvidia Corporation’s stock fell sharply on Thursday despite the company reporting another record quarter that exceeded Wall Street’s expectations. The decline came as analysts cautioned that the semiconductor leader’s exceptional growth may be approaching a natural slowdown, even as demand for

WASHINGTON, November 19, 2025: The United States has approved the sale of F-35 Lightning II fighter jets to Saudi Arabia, marking a significant shift in American defense exports and signaling closer strategic ties between Washington and Riyadh. President Donald Trump confirmed the decision this week

SEOUL, November 17, 2025: Samsung Group announced on Sunday that it will invest $310 billion over the next five years to expand its technology capacity, with a focus on artificial intelligence and advanced semiconductors. The South Korean  conglomerate said the investment aims to meet

ABU DHABI, November 14, 2025: Etihad Airways reported a record profit of AED 1.7 billion (US$463 million) for the first nine months of 2025, marking the strongest performance in the airline’s history. The result represents a 26 percent increase compared to the

CAIRO, November 12, 2025: Egypt’s net international reserves have exceeded US $50 billion for the first time, marking 38 consecutive months of growth, according to official data released by the Central Bank of Egypt (CBE). The CBE stated that Egypt’s foreign reserves

ABU DHABI, November 10, 2025: Thuraya, a subsidiary of Space42, has launched its next-generation mobile communications satellite, Thuraya-4, marking its first commercial rollout in South Africa. The expansion brings the company’s full suite of satellite communication services to the country and