Browsing: Business

MENA Newswire, OTTAWA: Canada and South Korea signed a new memorandum of understanding on industrial collaboration that places the automotive sector, electric vehicles and batteries at the center of a broadened bilateral agenda, with both governments saying the deal is

MENA Newswire, NEW DELHI: European companies in India are accelerating expansion plans following the conclusion of the India European Union Free Trade Agreement, with a new business survey showing broad expectations of higher investment, larger local footprints and increased hiring

MENA Newswire, ABUJA: Nigeria’s external reserves rose above $46 billion on January 22, 2026, reaching their highest level in about eight years and adding to signs of improving foreign currency buffers after a period of tighter liquidity and exchange rate

MENA Newswire, NEW YORK: The U.S. dollar weakened broadly in late January trading as the Japanese yen climbed sharply, with investors focused on signs that officials in Tokyo and Washington were monitoring rapid currency moves. The yen’s surge helped pull

KARACHI: Doing business in Pakistan costs about 34% more than in comparable regional economies, the Pakistan Business Forum said, warning that elevated operating expenses are eroding industrial competitiveness and leaving exporters struggling to match rival producers in nearby markets.

MENA Newswire, TOKYO: The Bank of Japan on Friday left its benchmark short-term interest rate unchanged, keeping the target for the uncollateralized overnight call rate at around 0.75% as policymakers assessed the impact of a rate increase made in December.

MENA Newswire, ABU DHABI: The UAE-India Business Council has launched a 2026 programme aimed at strengthening institutional and commercial cooperation between the United Arab Emirates and India, building on expanding ties under the Comprehensive Economic Partnership Agreement. The council said

ISLAMABAD: Pakistan’s latest IMF-backed stabilization drive has coincided with a widening strain on its real economy, as manufacturers cite high power costs, heavy taxation and policy uncertainty while several multinational companies scale back or restructure local operations. The International Monetary

Davos: JPMorgan Chase Chief Executive Jamie Dimon warned that a proposed cap on U.S. credit card interest rates would trigger an “economic disaster,” sharply criticizing President Donald Trump’s call for Congress to impose a 10% ceiling for one year as

MENA Newswire, SINGAPORE: Gold climbed above US$4,800 per ounce for the first time on Wednesday, extending a record-setting rally as investors shifted toward bullion amid heightened geopolitical frictions and a broad pullback in U.S. financial assets.