Business

    The international financial community maintains a highly positive outlook on the economic trajectory of the United Arab Emirates. Recent macroeconomic assessments published by the World Bank Group indicate that the sovereign state will experience robust expansion over the next two

    Economic growth across developing Asia and the Pacific is forecast to slow to 5.0% in 2026. The region expanded 5.5% in 2025, according to the Asian Development Bank’s latest outlook. The new 2026 estimate stands 0.1 percentage point above the

    Remittances from Egyptians working abroad reached about $29.7 billion in the first seven months of 2026. The Central Bank of Egypt said inflows rose 28.1% from about $23.2 billion during January through July 2025. The figures cover money sent home

    China kept its benchmark lending rates unchanged in September, maintaining the one-year loan prime rate at 3.0%. The over-five-year LPR remained at 3.5%, according to the official September 20 fixing. Many lenders use the longer-term rate as a reference for

    Apple has introduced the iPhone Duo, its first foldable iPhone, with availability scheduled for October 23. The handset opens to a 7.6-inch inner display and uses a 5.4-inch outer screen when closed. Both displays share the same aspect ratio and

    The United States is adding battery factories while trying to cut its dependence on China. Domestic cell production has grown, but major supply gaps remain further upstream. Chinese companies still lead global production of several materials needed for lithium-ion batteries.

    Japan is expanding its response to investment fraud by using artificial intelligence to detect warning signs in consumer complaints. The Consumer Affairs Agency announced the initiative on September 1 as part of a wider anti-fraud package. The system will analyze