Browsing: Business
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, according to information released by
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 March and April 2026. The
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 carrier said first quarter profit
India on May 12 launched the Bharat Maritime Insurance Pool, a $1.5 billion domestic marine insurance mechanism backed by a sovereign guarantee of $1.4 billion, or 12,980 crore rupees, as the government moved to secure maritime cover amid current Middle
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 AED 483 million, while net
South Korea’s information and communication technology exports rose 125.9% from a year earlier to $42.71 billion in April, extending a semiconductor-led surge and marking the second consecutive month the sector has remained above $40 billion. Data released on May 14
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
– India and Vietnam upgraded relations to an Enhanced Comprehensive Strategic Partnership and set a new bilateral trade target of $25 billion by 2030 after Prime Minister Narendra Modi held talks in New Delhi on May 6 with Vietnam’s Communist
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