Browsing: Business

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

CUPERTINO: Apple said Tim Cook will become executive chairman of its board of directors and John Ternus will become chief executive officer on September 1, 2026, in a leadership transition the company said followed a long-term succession planning process approved unanimously by the board.

TOKYO: Japan’s defense spending and related costs for fiscal 2026 will total about 10.6 trillion yen, or roughly 1.9% of the country’s 2022 gross domestic product, Defense Minister Shinjiro Koizumi said on Friday, putting the latest budget cycle near a level that had

ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil activity, trade, banking and investment, reinforcing its position as one of the region’s fastest-growing economies. Releases published in the first

KUALA LUMPUR: Halal exports of Malaysia rose to RM68.52 billion in 2025, up 10.9% from a year earlier, as food and beverage products and halal ingredients continued to anchor overseas sales in one of the country’s key export segments. Halal Development Corporation

SEOUL: South Korea has approved its first paid self-driving freight transport service, authorizing autonomous driving startup RideFlux to begin commercial cargo operations on a long-distance route linking Seoul and Jincheon. The Ministry of Land, Infrastructure and Transport said the service is scheduled to

SEJONG: South Korea’s automobile exports rose in March as strong global demand for hybrid vehicles lifted overseas shipments despite weaker sales in parts of Asia and the Middle East. The Ministry of Trade, Industry and Resources said auto exports totaled $6.37 billion