Browsing: Business

ADNOC Gas reported first quarter net income of $1.1 billion, underscoring resilient earnings despite disruption to maritime movements through the Strait of Hormuz. The company said it generated $572 million in free cash flow and ended March with $4.2 billion

CEBU: The Asian Development Bank said Friday it will mobilize $30 billion by 2030 to help the Association of Southeast Asian Nations advance long-term development priorities and strengthen resilience to external shocks, giving the 10-member bloc a multiyear financing pipeline centered on

CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures tied to a greener economy, marking the latest multilateral backing for the country as it

TOKYO: Japan’s Nikkei 225 closed at a record 62,833.84 on Thursday, rising 5.58% after climbing above 62,000 for the first time and briefly crossing 63,000 intraday, as investors returned from a three-day holiday break to strong demand for technology stocks. The benchmark reached

ISLAMABAD: Pakistan has cleared the export of donkey meat and hides from Gwadar to China, days after a Chinese company operating in the port city warned it would shut down because key permissions had not been issued. The Economic Coordination Committee approved the

MUSCAT: Gulf Cooperation Council countries outperformed the global average in the 2026 Economic Freedom Index, with the bloc posting an average score of 66.9 against a world average of 59.9, according to data released by the GCC Statistical Centre. The figures pointed to

ABU DHABI: The Central Bank of the UAE kept the Base Rate applicable to the Overnight Deposit Facility unchanged at 3.65% on April 29, leaving the country’s main policy benchmark at the same level after the latest U.S. rate decision. The move preserves

SEOUL: Sales at South Korea’s major retailers rose 5.6% from a year earlier in March, extending gains in consumer spending as online platforms outpaced store-based outlets and department stores benefited from seasonal demand. The Ministry of Trade, Industry and Energy

WASHINGTON: The World Bank’s Board of Executive Directors approved US$225 million in grant financing from the International Development Association for Syria on April 23, allocating US$150 million for water services and US$75 million for health services. The financing will be delivered through two

SYDNEY: Dnata said on April 22 it will invest about A$32 million to establish a dedicated cargo terminal at Western Sydney International Airport, becoming one of the early freight operators at Sydney’s new 24-hour gateway before full passenger services begin. The