Business
– Brent oil prices reached $110 a barrel on Friday, marking the first time since May, as escalating tensions in the Middle East fueled fears of tighter supplies. Brent futures for December settlement increased by $3.94, or 3.7%, to close
– Remittances sent home by Egyptians working abroad surged by 27.2% in the first eight months of 2026, reaching a record $33.9 billion. The Central Bank of Egypt announced these figures on Tuesday, October 13. During the same period in
– Oman’s total electricity generation increased by 4.3% compared to the same period in 2025, reaching 37,481.8 gigawatt-hours through August 2026. During the first eight months of 2025, output was 35,935.3 GWh. According to initial figures from the National Centre
– On October 7, Mauritius hosted the official unveiling of the African Union initiative, the Africa Credit Rating Agency, or AfCRA. This new body aims to deliver independent credit evaluations for African sovereigns, corporations, and other entities, utilizing local data,
– Pakistan’s federal state-owned companies had a total debt of approximately $36.5 billion at the end of December 2025. This amount represents a 14.3% increase from the previous year, adding around $4.7 billion based on current exchange rates. The Ministry
– In 2025, the UAE’s outward foreign direct investment reached a total of $63.353 billion, as reported by UN Trade and Development. By the end of the year, the nation’s total FDI stock abroad had grown to $402.729 billion, compared