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
China left its benchmark lending rates unchanged in September, extending a period of stable borrowing costs. The one-year loan prime rate remained at 3.0%, while the over-five-year rate stayed at 3.5%. Banks commonly use the longer-term benchmark when pricing mortgages.
Business
News
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 will moderate to 5.0% in 2026 from 5.5% in 2025. The Asian Development Bank raised its 2026 forecast by 0.1 percentage point from its July estimate. Growth should edge up to 5.1%
Remittances from Egyptians working abroad totaled about $29.7 billion from January through July 2026. The Central Bank of Egypt said the figure rose 28.1% from about $23.2 billion a year earlier. The seven-month increase added roughly $6.5 billion compared with
China left its benchmark lending rates unchanged in September, extending a period of stable borrowing costs. The one-year loan prime rate remained at 3.0%, while the over-five-year rate stayed at 3.5%. Banks commonly use the longer-term benchmark when pricing mortgages.
Travel
Dubai-based flag carrier Emirates has entered the northern winter travel period with robust forward booking metrics across its international network, outpacing initial corporate projections. The performance follows a high-density summer operational cycle during which the airline transported more than 8.6
Etihad Airways will launch year-round flights from Abu Dhabi to Saudi Arabia’s Red Sea coast on Oct. 4, 2026. The service will connect Zayed International Airport with Red Sea International Airport in Tabuk Province. Etihad will start with one weekly
Indonesia reopened Jakarta’s main airport and several regional airports Tuesday after volcanic ash from Anak Krakatau disrupted air travel. More than 340,000 travelers faced delays, cancellations or diversions during the disruption. Nearly 3,000 flights across Indonesia felt the impact. Authorities
Health
A rare inherited genetic mutation increases a person’s overall risk of developing lung cancer by approximately 25 times and by roughly 60 times among non-smokers, according to a study published in the journal Science. Conducted jointly by investigators at the
