Browsing: Business

– African Union has officially launched the Africa Credit Rating Agency, known as AfCRA, in Mauritius. The new agency aims to deliver credit evaluations for African sovereigns, corporations, financial institutions, and other issuers. Its debut occurred in Port Louis during

– Pakistan’s federal state-owned enterprises carried a debt load of approximately $36.5 billion as of December 2025. This figure marked a 14.3% increase from the previous year, equating to an additional roughly $4.7 billion at current exchange rates. The latest

– In 2025, the UAE’s outward foreign direct investment (FDI) totaled $63.353 billion, as reported by UN Trade and Development. The nation’s cumulative outward FDI stock reached $402.729 billion at year’s end, up from $55.560 billion in 2010. This surge

– Pakistan increased petrol prices once again on October 6, following a hike announced three days earlier. The latest revision saw petrol prices rise by Rs0.88 to Rs393.64 per litre, while high-speed diesel decreased by Rs1.88 to Rs397.76 per litre.

– On October 5, in New Delhi, India and Switzerland formalized their strengthened partnership through signing five cooperation agreements and arrangements. Prime Minister Narendra Modi and Swiss President Guy Parmelin led the discussions during Parmelin’s three-day state visit. The agreements

– Oil prices traded near $102 a barrel on Monday after an early jump pushed Brent above $103. Brent crude futures stood at $102.30 a barrel at 0900 GMT, up 5 cents. U.S. West Texas Intermediate crude traded at $90.62,

– Renault Group plans to invest more than €10 billion in France over the next five years. Chief Executive François Provost announced the commitment on October 3. The spending will support electric vehicles and lower-cost models. Renault made about 500,000

Driven by persistent increases in fresh agricultural produce and energy commodities, South Korea’s inflation rate for September reached an annual growth of 2.9 percent. Data published by Statistics Korea confirm that severe weather events during the summer disrupted crop harvests

– India’s Commerce and Industry Minister Piyush Goyal is in the United States for discussions on trade and participation in the G20 ministerial conference. The G20 Trade Ministers’ Meeting is scheduled in Milwaukee on September 30 and October 1. Goyal’s

– UAE President Sheikh Mohamed bin Zayed Al Nahyan held discussions with Zambian President Hakainde Hichilema in Abu Dhabi on September 29. The agenda centered on enhancing trade, boosting investment, renewable energy initiatives, and infrastructure development. The leaders also examined