Browsing: Business

– South Korea’s exports more than doubled from a year earlier in the first 20 days of October, reaching $61.6 billion on record semiconductor shipments. The Korea Customs Service released the data on Wednesday. Average daily exports, measured by working

– Brent crude touched $110 a barrel on Friday for the first time since May as escalating Middle East tensions raised fears of tighter supplies. Brent futures for December delivery settled $3.94, or 3.7%, higher at $109.86, the highest close

– Remittances from Egyptians working abroad rose 27.2% in the first eight months of 2026 to a record $33.9 billion. The Central Bank of Egypt reported the figures on Tuesday, October 13. Inflows stood at $26.6 billion during the same

– Oman’s total electricity production rose 4.3% year on year through August 2026, reaching 37,481.8 gigawatt-hours. Output stood at 35,935.3 GWh during the same period of 2025. Preliminary data from the National Centre for Statistics and Information showed growth across

– Foreign capital inflows into Indonesia’s financial markets reached Rp131.1 trillion, about $7.33 billion, through early October 2026. Finance Minister Suahasil Nazara announced the cumulative figure during the government’s monthly state budget briefing in Jakarta. The Finance Ministry said government

– The African Union officially launched the Africa Credit Rating Agency, or AfCRA, in Mauritius on October 7. The new institution will focus on African sovereigns, companies and other issuers. AfCRA plans to provide independent credit assessments using African data,

– Pakistan’s federal state-owned enterprises carried debt equal to about $36.5 billion at the end of December 2025. The total rose 14.3% from a year earlier, adding roughly $4.7 billion at current exchange rates. The Ministry of Finance published the

– The UAE recorded $63.353 billion in outward foreign direct investment in 2025, according to UN Trade and Development. The country’s total outward FDI stock reached $402.729 billion by year-end. That compares with $55.560 billion in 2010, showing a sharp

– Pakistan petrol prices moved higher again on October 6 after another daily fuel revision. Petrol increased by Rs0.88 per litre to Rs393.64, extending the rise recorded three days earlier. High-speed diesel moved in the opposite direction, falling by Rs1.88

– India and Switzerland signed five cooperation instruments on Monday during high-level talks in New Delhi. Prime Minister Narendra Modi and Swiss President Guy Parmelin led the discussions. The package covers migration, young professionals, transport infrastructure, scientific research, innovation and