Browsing: Business

– Indonesia has formalized new cooperation between its investment and sports authorities to expand business activity in the national sports sector. Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir signed the agreement on August

– A five-year wheat supply contract valued at up to US$500 million has been activated between the UAE and Egypt. Al Dahra Agriculture Trading is responsible for delivering imported wheat to Egypt’s General Authority for Supply Commodities under this deal.

– Oil prices moved higher on Tuesday after both major crude benchmarks posted losses of more than 2% a day earlier. Brent crude rose 27 cents to $92.44 a barrel by 0330 GMT. U.S. West Texas Intermediate gained 37 cents

– Alibaba Group has announced an HK$80 billion share placement to fund its expanding investments in artificial intelligence and cloud computing infrastructure. The company plans to issue 710 million new ordinary shares at HK$112.70 each, totaling approximately US$10.2 billion based

– A South Korean container vessel has set sail from Busan en route to Europe, marking the nation’s first commercial container trial through the Arctic region. Departing from Busan New Port on August 22, PanStar Acro is undertaking a 45-day

– Egypt’s central bank maintained its key interest rates at current levels on August 20, marking the fourth consecutive policy meeting without adjustments. The overnight deposit rate stayed at 19%, while the overnight lending rate also remained at 20%. Both

– In July 2026, Japan achieved historic highs in both its import and export values for a single month, fueled by increased energy prices and robust demand for technology products. Imports surged 27.8% from the previous year, reaching approximately 12.15

– Wall Street closed higher on Wednesday, supported by a significant decline in long-term Treasury yields. The S&P 500 increased by 16.22 points, or 0.21%, finishing at 7,707.98. The Dow Jones Industrial Average rose 119.65 points, or 0.22%, ending at

– On Friday, global markets for precious metals saw a decline, with spot gold prices decreasing and setting the stage for an overall weekly downturn. According to financial data, spot gold fell by 0.5 percent to trade at $4,326.75 per

– Global electric vehicle sales increased 9% in July 2026 from a year earlier, reaching 1.85 million units worldwide. Sales for the first seven months totaled 11.5 million vehicles, up 4% from the same period in 2025. The figures cover