Browsing: Business

The European Union recorded €10.8 billion in sporting goods imports from non-EU countries in 2024, while extra-EU exports totaled €7.3 billion, according to data released by Eurostat, the statistical office of the European Union. Sporting goods accounted for 0.4 percent

Gold prices soared to historic levels on Monday, crossing US$3,750 per ounce for the first time, as investors weighed the outlook for U.S. interest rates and awaited a key speech from Federal Reserve Chair Jerome Powell. The surge extended a

The Organisation for Economic Co-operation and Development (OECD) has revised its global growth outlook upward for 2025, citing short-term resilience in advanced economies, while warning that rising trade barriers and tightening financial conditions are likely to drag on global momentum

Egyptian Prime Minister Mostafa Madbouly announced Saturday that industrial projects in the Qantara West Zone are expected to generate between $3 billion and $4 billion annually in export revenues once fully operational. The area forms part of the Suez Canal

South Korea’s overseas direct investment declined 13.4 percent year-on-year in the second quarter of 2025, reflecting reduced capital outflows across key sectors amid a challenging global economic environment. Data released by the Ministry of Economy and Finance on Friday showed

The United Arab Emirates (UAE) and India recorded a sharp increase in bilateral non-oil trade during the first half of 2025, underscoring the growing impact of the Comprehensive Economic Partnership Agreement signed in February 2022 and implemented in May that

Egypt and Spain signed a landmark Development Partnership Agreement for 2025 to 2030 on Thursday in Cairo, marking the first of its kind between the two countries. The signing took place during the state visit of King Felipe VI and

The European Central Bank (ECB) and European Union member states are close to finalizing a political agreement that could unlock the stalled digital euro project, following a new proposal that transfers more authority to national governments over key aspects of

Japan’s trade deficit narrowed more than expected in August, supported by a smaller decline in exports and a sharper drop in imports, according to official data released Wednesday by the Ministry of Finance. The country posted a trade deficit of

The European Commission has unveiled plans to eliminate key energy transmission bottlenecks across the European Union in an effort to stabilise electricity prices and strengthen the bloc’s internal energy market. The initiative was announced by Commission President Ursula von der