Browsing: Business

Egypt’s central bank cut its benchmark interest rates by 200 basis points on Thursday, bringing the overnight deposit rate to 22 percent and the lending rate to 23 percent, as policymakers moved to ease monetary conditions amid falling inflation and

The Abu Dhabi National Oil Company (ADNOC) has signed a 15-year Sales and Purchase Agreement with Indian Oil Corporation Ltd (IndianOil) for the supply of one million tonnes per annum of liquefied natural gas. The LNG will be primarily sourced

The United Arab Emirates (UAE) and the Republic of Angola have concluded a Comprehensive Economic Partnership Agreement (CEPA) that is projected to elevate non-oil bilateral trade to more than USD 10 billion annually by 2033, according to Dr Thani bin

U.S. President Donald Trump announced that the United States is conducting a formal investigation into furniture imports, signaling plans to impose new tariffs on the sector before the end of the year. The announcement was made via Trump’s social media

Prime Minister Narendra Modi on Friday announced that India aims to ramp up its space launch capacity to 50 rockets per year, marking a significant shift in the country’s ambitions for space exploration and commercial aerospace development. The target, outlined

India and China have agreed to resume direct passenger flights between the two countries, marking the first such move since air links were suspended in early 2020. The agreement comes as both sides work to rebuild diplomatic and economic ties following years of tension along

Gold futures in the United States surged to a record high on Friday after confirmation that country-specific import tariffs may apply to the most widely traded bullion size, the one-kilogram bar. The ruling, posted by the US Customs and Border Protection

Pfizer has raised its full-year adjusted earnings forecast for 2025, driven by cost-cutting measures and robust second-quarter performance that exceeded Wall Street expectations. The pharmaceutical giant now anticipates adjusted earnings per share between $2.90 and $3.10, up from its prior projection of $2.80

Harley-Davidson Inc. has appointed Artie Starrs as its next President and Chief Executive Officer, effective October 1, 2025. The announcement follows the upcoming retirement of Jochen Zeitz, who will remain as Chairman until stepping down on the same date, after

More than 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) District 837 have voted to reject Boeing’s latest contract offer, setting the stage for a strike that will begin at midnight on Monday. The decision affects workers at