Browsing: Business

EMSTEEL reported AED 2.2 billion in Q1 2026 revenue as EBITDA rose 82% and net profit climbed 246% on wider margins for the Abu Dhabi group.

ADNOC Distribution reported record Q1 2026 profit and EBITDA growth as fuel volumes, retail sales and network expansion lifted results.

Asian Development Bank pledged $30 billion through 2030 to help ASEAN expand energy links, deepen markets and build resilience regionally.

Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide.

Nikkei 225 ended at a record high after a holiday break, with semiconductor-linked stocks leading gains across Tokyo equities on Thursday.

Pakistan cleared donkey meat and hide exports from Gwadar to China after a Chinese firm warned it would shut operations over delays there.

GCC countries scored 66.9 in the 2026 Economic Freedom Index, beating the global 59.9 average as the UAE, Qatar and Oman led the bloc overall.

CBUAE kept the UAE base rate at 3.65% after the Federal Reserve held rates steady, leaving the overnight liquidity framework unchanged.

South Korea major retailers posted a 5.6% March sales gain, with online channels taking a bigger share of consumer spending in the country.

Syria will receive US$225 million in World Bank grants to rebuild water and health services after years of conflict damage nationwide.