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UAE and India deepen trade, investment and strategic cooperation through high-level talks. During their talks, the leaders examined the progress under the UAE-India Comprehensive Economic Partnership Agreement, known as CEPA. They also highlighted the deep-rooted political, commercial, cultural, energy, and people-to-people connections shared by both countries. Both sides explored potential avenues to strengthen cooperation in key areas that have become central to their bilateral relations. The discussion also touched on topics of mutual interest as the two governments maintained ongoing engagement across economic and strategic domains. Sheikh Khaled led the UAE delegation at the BRICS Summit representing UAE President Sheikh Mohamed bin Zayed Al Nahyan. Modi expressed appreciation for the UAE’s participation during India’s 2026 BRICS chairmanship. The leaders concurred that they would continue collaborating through the group on shared priorities and initiatives. They also recalled Sheikh Mohamed’s visit to India in January 2026 and Modi’s visit to the UAE in May 2026. Investment growth and strategic sectors feature prominently The discussions underlined new investment ventures between the UAE and India. The leaders welcomed International Holding Company’s announced plan for an $11.5 billion integrated greenfield aluminium project in Odisha, described by India as the country’s largest integrated aluminium investment. The role of L’Imad, the UAE’s newest sovereign wealth fund, in supporting bilateral investments and economic cooperation across sectors identified by both governments was also on the agenda. Opportunities in defence, space, nuclear energy, technology, and
Oman inflation reached 3.4% in August 2026 as transport and food prices increased. Transport experienced the largest annual increase among major consumer categories, rising 8.5% compared to August 2025. Food and non-alcoholic beverages grew by 7%, while miscellaneous personal goods and services saw a 6.1% increase. Restaurants and hotels prices went up 3.6%, and furniture, household equipment, along with routine household maintenance, increased by 3.1%. Education costs rose 2.2%, health expenses increased 1.7%, and prices for culture and recreation edged upward by 0.4% over the same period. Prices for clothing and footwear saw a minimal increase of 0.1% annually, whereas communications and tobacco prices remained stable. The only main category to decline was housing, water, electricity, gas, and other fuels, which fell 0.6%. The August data revealed varied price changes within the consumer basket, with transportation and food experiencing the most significant increases. Inflation rates also differed across Oman’s governorates, ranging from 2.1% to 4.8% annually. Transportation and Food Prices Drive Yearly Inflation In August, Al Dhahirah registered the highest governorate inflation rate at 4.8%. Muscat followed at 3.9%, with Al Dakhiliyah at 3.8%, and Al Wusta at 3.4%. Both Musandam and
UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged in talks with leading German corporate executives to bolster cross-border investments and strengthen trade ties between the two nations. Emphasizing the UAE’s role as a global logistics hub and its investor-friendly regulatory framework, Sheikh Mohamed called on German industrial leaders to broaden their footprint in Middle Eastern and international markets. The discussion highlighted new commercial prospects emerging from recent bilateral accords across manufacturing, renewable energy, and digital sectors.
UAE and Germany expand economic ties with a €40 billion cross-sector investment plan. This significant funding package emphasizes substantial investment in Germany’s digital infrastructure. A joint declaration from both governments outlined plans to develop new data centres with a combined capacity of approximately 1 gigawatt. Germany has committed to creating favorable conditions to facilitate these projects. The package forms part of a broader set of economic agreements unveiled during the state visit, with both nations also agreeing to collaborate more closely in technology, energy, trade, investment, and other fields covered by their bilateral relationship. During the visit, 29 business agreements and memoranda of understanding were signed between UAE and German companies. These agreements are collectively valued at over €9.356 billion, according to the joint declaration. Both governments also agreed to establish a German-UAE Investment Council, which will serve as a platform to promote investment and foster engagement between government agencies and private sector entities. Additionally, the UAE and Germany launched a Strategic Dialogue focusing on economic, technological, security, energy, transport, environmental, cultural, and educational cooperation. UAE investment plan emphasizes industry and digital infrastructure The €40 billion investment commitment builds on previous major UAE projects in Germany. According to the joint declaration, XRG has invested around €15 billion in Covestro. The two nations also identified additional corporate investment and partnership opportunities involving Covestro, RWE, ADNOC, and Masdar. These initiatives are separate from but complement the new investment package, which itself totals €40 billion.
UAE and Germany expand cooperation across investment, trade, energy and technology. The Strategic Dialogue aims to foster collaboration on regional security, defense, trade, investment, energy, climate change, digital transformation, transportation, education, and emerging technologies. Additionally, both governments signed a declaration of intent to create the German-UAE Investment Council, which will serve as a platform for public-private sector engagement on various investment initiatives. The resumption of the Joint Economic Committee adds a formal channel for bilateral economic and commercial discussions.
Gold prices moved slightly higher on Thursday as a softer US dollar bolstered the precious metal ahead of upcoming US inflation data. Spot gold increased by 0.3% to $4,414.28 per ounce by 0419 GMT. Meanwhile, US gold futures for December delivery dipped 0.1% to $4,457.20. The early gain maintained spot gold above the $4,400 mark after a sharp reversal during Wednesday’s trading session.
