Browsing: Business
HARARE: Zimbabwe has suspended the export of all raw minerals and lithium concentrates with immediate effect, the Ministry of Mines and Mining Development said, ordering the restriction to be observed “until further notice.” The ministry said the suspension applies to
BEIRUT: The United Nations Economic and Social Commission for Western Asia said the Arab region’s economy is projected to expand 3.7% in 2026, accelerating from an estimated 2.9% in 2025, as parts of the region extend a gradual recovery while
ISLAMABAD: Pakistan’s rice export earnings fell 40.5% to $1.31 billion in the first seven months of the 2025-26 fiscal year, according to external trade data compiled by the Pakistan Bureau of Statistics, as the country faced a sharper price squeeze
CAIRO: Egypt’s Ministry of Petroleum and Mineral Resources said crude oil production has started from a new well, Belayim Marine 133, in the Belayim Marine field in the Gulf of Suez. The ministry reported an initial production rate of about
CAIRO: Remittances sent home by Egyptians working abroad rose 40.5% in 2025 to about $41.5 billion, the Central Bank of Egypt said, marking the highest annual level on record. The increase compares with roughly $29.6 billion recorded in 2024, reflecting
MUSCAT: The United Arab Emirates was Oman’s leading trading partner in 2025 for non-oil exports, re-exports and merchandise imports, according to the latest monthly statistical bulletin issued by Oman’s National Centre for Statistics and Information. Non-oil exports from Oman to
ISLAMABAD: Pakistan’s Planning and Development Minister Ahsan Iqbal said updated official estimates show poverty and economic inequality worsening over the past seven years, with the national poverty headcount rising to 28.9% in fiscal year 2024-25 from 21.9% in 2018-19. The
OMAN: Salalah Port Services Company SAOG said the Port of Salalah handled a record 26.4 million metric tonnes of general cargo in 2025, marking a 17% increase from 22.6 million tonnes a year earlier. The port, in southern Oman, said
NEW DELHI: India joined the Pax Silica initiative on Feb. 20 by signing the Pax Silica Declaration and a bilateral addendum titled the Joint Statement on the India-U.S. AI Opportunity Partnership at an event held on the margins of the
TOKYO: Japan’s inflation rate fell below the Bank of Japan’s 2 percent price stability target for the first time since March 2022, as government data released on February 20 showed easing price pressures at the start of 2026. The nationwide