Business

Amidst a backdrop of economic fragility and reliance on foreign aid, Pakistan's currency, the rupee (PKR), has once again fallen dramatically against the US dollar, marking a distressing record low, the country's central bank reported. From…

In a historic move, Belgium has successfully raised a staggering €21.9 billion ($23.65 billion) from retail investors through a bond sale, eclipsing previous records and signaling the public's growing dissatisfaction with stagnant bank…

Italian energy leader Eni has declared plans to invest an impressive $7.7 billion in Egypt's energy sector over the next four years, as announced by Ahmad Fahmi, the spokesperson for Egyptian President Abdul Fatah El Sisi. This financial…

Abu Dhabi Global Market's Registration Authority (RA) has levied a $30,000 fine against KPMG Lower Gulf Limited for substantial audit shortcomings. The penalty comes after a detailed review which found that KPMG had been consistently…

In an ambitious bid to boost its financial standing, the Egyptian government is poised to secure $5 billion through the initial public offerings (IPOs) of state-owned enterprises and power plants. The initiative, set to run from October…

In a strategic move aimed at enhancing global trade infrastructure, DP World has acquired a 58% equity stake in Turkey’s Evyap Port. The partnership will focus on bolstering container port facilities and streamlining efficiencies in the…

The 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park is closing in on completion, promising to provide clean energy for around 320,000 homes. This significant advancement involves an investment of AED 15.78 billion and aims to…

Egypt is aggressively expanding its natural gas exploration activities, earmarking a robust $1.9 billion for drilling 45 new exploratory wells in the Mediterranean and Nile Delta regions by mid-2025, the Cabinet confirmed in a statement on…

After a string of six quarters in the red, the European Union's trade balance has swung back into surplus, largely attributed to a dip in energy prices. This is as per the findings from Eurostat, the European Union's statistical office.…

Brazil's "growth acceleration" plan, known as PAC, has been reintroduced, with a projected 1.7 trillion reais ($347.5 billion) in investments. This new initiative is set to leverage an extensive public-private partnership framework.…