Category : Business

Business

Egypt GDP rises 5.2% as foreign reserves climb

manamalive.com
Egypt’s economy grew 5.2% in the first nine months of fiscal year 2025/2026, covering July 2025 through March 2026. The Ministry of Planning, Economic Development and International Cooperation reported the rate in its latest update on Egypt...
Business

Korean cosmetics exports hit US$5.6 billion in five months

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South Korea’s cosmetics exports reached US$5.6 billion in the first five months of 2026, government data showed, rising from US$4.6 billion a year earlier. The increase put Korean cosmetics at the top of the country’s...
Business

Dollar heads for weekly gain as yen nears 160 level

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The dollar headed for a weekly gain on Friday as the yen hovered near the key 160 per dollar level, keeping currency markets focused on Japan. The Japanese currency traded around 159.9 per dollar in...
Business

Investor interest lifts UAE real estate in global index

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The UAE has been ranked the world’s leading real estate investment destination in a new global investor survey commissioned by Arada and conducted by Penta Group, reflecting continued international demand for property exposure in the...
Business

Tokyo market splits as Nikkei sets closing record

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Tokyo stocks ended mixed on Monday as the Nikkei Stock Average closed at a fresh record high, supported by gains in heavyweight technology shares, while the broader market weakened. The 225 issue Nikkei rose 604.83...
Business

AI chip demand lifts Singapore Q1 GDP growth to 6%

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Singapore’s economy expanded 6.0% year on year in the first quarter of 2026, lifted by AI-related demand that boosted electronics manufacturing, precision engineering and semiconductor-linked trade, the Ministry of Trade and Industry said. The performance...
Business

Dubai Green Corridor keeps cargo moving during disruptions

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Dubai Customs said its Green Corridor initiative with Oman Customs helped maintain trade flows after regional disruptions affected key sea lanes and traditional shipping routes, with customs declarations processed through the corridor rising sharply between...
Business

GME posts strongest trading week in two decades

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Gulf Mercantile Exchange recorded the highest weekly trading volume in its history during the week of May 11, 2026, with more than 69,052 contracts traded, equal to about 69 million barrels of Oman crude oil,...
Business

Air Arabia Q1 profit slips as regional disruption bites

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Air Arabia reported a net profit of AED 278 million for the first quarter ended March 31, 2026, as regional airspace closures and temporary operational restrictions weighed on capacity during the period. The Sharjah based...
Business

EMSTEEL Q1 net profit jumps as margins widen

manamalive.com
EMSTEEL reported revenue of AED 2.2 billion for the first quarter of 2026, broadly unchanged from a year earlier, as sharply higher margins lifted earnings across the business. EBITDA rose 82% year on year to...