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On September 12, in New Delhi, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan held discussions with Indian Prime Minister Narendra Modi. Their dialogue focused on enhancing bilateral relations between the United Arab Emirates and India, taking place at Hyderabad House during the 18th BRICS Summit. Topics included economic collaboration, investment opportunities, trade expansion, and the broader scope of the Comprehensive Strategic Partnership binding the two nations.

In August 2026, Oman’s annual inflation rate climbed to 3.4%, continuing a recent upward trend in consumer prices. The rate was 3.2% in July and 2.8% in June. The average inflation rate from January to August reached 2.9%. The National Centre for Statistics and Information provided these latest figures in its consumer price index report for August. Notably, transportation and food sectors saw the most significant increases among the primary expense categories.

During his official visit to Germany, President His Highness Sheikh Mohamed bin Zayed Al Nahyan held discussions with German business executives and corporate leaders in Berlin. The high-level roundtable provided the UAE President with detailed updates on corporate operations, industrial initiatives, and technological advancements across major European manufacturing sectors. The meeting aimed to foster expanded cross-border commercial collaborations, joint investment initiatives, and strengthened bilateral trade relations across vital growth markets.

India and Russia are accelerating efforts to expand non-energy trade and reciprocal investments as both nations target $100 billion in annual bilateral commerce by 2030. Speaking at the INNOPROM India 2026 industrial trade fair, officials outlined strategies to narrow India’s pronounced trade deficit by boosting exports of pharmaceuticals, auto components, textiles, and agricultural products to Russian markets. The trade framework, backed by 40 live priority investment projects and reinforced local-currency payment settlement mechanisms, aims to drive industrial integration and cross-border supply chain resilience across Eurasia.

UAE investment in Germany targets industry, AI, digital infrastructure and energy. Digital infrastructure is a core element of the UAE’s investment initiative. The two governments shared their intentions to develop advanced data centres with a total capacity of about 1 gigawatt in Germany. Their joint statement also addressed artificial intelligence, industrial growth, and energy initiatives. Germany committed to supporting the conditions necessary for executing the planned data-centre investments. These steps strengthen the expanding economic partnership between the UAE and Germany across sectors such as technology, manufacturing, and energy.

Berlin state visit brings new UAE-Germany agreements and a major investment package. The authorities from both countries also agreed to establish a German-UAE Investment Council to foster closer collaboration between public and private sectors. They revived the Joint Economic Committee as another platform for trade and investment discussions. The Strategic Dialogue will encompass topics including security, defence, commerce, energy, climate policy, transport, education, and digital development. It will also promote cooperation in emerging technologies and other shared policy areas. Germany and the UAE formalized their partnership with separate agreements covering legal assistance, crime prevention, data systems, and government information services. Aviation was another key aspect of the agreements announced during the visit. New measures facilitate greater access for UAE national airlines operating at Berlin Airport. The agreements also include passenger procedures and cooperation between relevant authorities. The package further emphasizes collaboration in defence, security, and environmental initiatives. The two nations signed a memorandum dedicated to cultural cooperation and committed to advancing work in energy, including liquefied natural gas, renewable energy, and hydrogen. Economic Partnership Expanded Through Investment Initiatives The visit featured a UAE investment package valued at 40 billion euros aimed at Germany. The investment plans focus on developing advanced digital infrastructure and establishing new data centres with approximately 1 gigawatt of capacity. Companies from both nations signed 29 commercial agreements and memoranda worth over 9.356 billion euros. These private-sector arrangements accompany the government agreements announced in Berlin. The investment package significantly reinforces the economic dimension of the state visit and

Gold prices held above $4,400 an ounce on Thursday after reversing an earlier decline in the previous session. Spot gold rose 0.3% to $4,414.28 an ounce by 0419 GMT. U.S. gold futures for December delivery slipped 0.1% to $4,457.20. The dollar remained subdued during Asian trading, giving support to bullion priced in the U.S. currency. Gold entered Thursday near the stronger levels reached late Wednesday after recovering from losses recorded earlier that day.

The Panama Canal is contemplating further restrictions on daily ship transits due to drought conditions impacting its water sources. According to administrator Ilya Espino de Marotta, the number of vessels could decline to approximately 29 per day in February or March 2027. Any additional reduction would depend on ongoing dry weather and reservoir levels. The waterway is already approaching a limit of 32 transits daily starting September 15.

Under the preliminary agreement, Aurelius will acquire a controlling stake alongside Lower Saxony to convert the vehicle assembly plant into a security and defense production facility once car manufacturing concludes in 2027. This strategic move represents the first significant conversion of a German automotive plant into a military hardware production site amid broader industry restructuring across Europe’s auto sector. The site will host an initial key project with Israeli defense contractor Rafael Advanced Defense Systems to supply air defense components for European security markets.

At the end of August 2026, Egypt’s international reserves hit a historic high of $57.2145 billion. The Central Bank of Egypt announced this provisional figure on September 7. Reserves were at $56.2939 billion at the close of July, marking a monthly increase of approximately $920.6 million, or 1.6%. This milestone is the first instance where Egypt’s official reserve holdings have surpassed $57 billion.