Browsing: Business

ADB lowered its 2026 growth forecast for Asia Pacific economies as energy disruption raises costs across the region.

China’s foreign exchange reserves fell 0.75% in June to $3.4163 trillion as dollar strength and asset price shifts weighed on valuations.

Africa FDI reached $70 billion in 2025, ranking third-highest since 1990 while staying above the continent’s long-term average investment level.

Developing Asia drew $644 billion in FDI in 2025, keeping its lead among developing regions as South-East Asia topped subregional inflows.

Brent crude closed at $74.16 while WTI settled at $70.44, with oil markets tracking Iranian oil rules and Strait of Hormuz shipping.

Arada launched Arada Capital in Abu Dhabi, targeting $5bn in assets under management through GCC real estate investment funds.

ADNEC Group reported AED9.2bn in 2025 UAE economic impact, with record venue, tourism, catering and event activity.

Iraq’s Basra Oil Company signs a five-year Halliburton deal to manage Bin Omar and Sindbad oil fields and raise crude and gas output.

World Bank approval of $265m will support Morocco’s 300 MW Ifahsa hydropower storage project and help integrate more renewable power.

South Korea’s exports reached a record US$102.25 billion in June, led by semiconductors and a US$36.15 billion trade surplus for Korea.