Browsing: Business

China imposed a temporary ban on helium exports on July 10, with the restriction taking effect immediately. The Ministry of Commerce and the General Administration of Customs issued the joint order as Announcement No. 29 of 2026. It covers helium

Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips. It

Generative artificial intelligence could affect nearly 80 million workers across Southeast Asia, according to a new International Labour Organization report. The study says 22.9 percent of employment in the Association of Southeast Asian Nations has more than minimal exposure to

The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued

China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said reserves stood at $3.4163 trillion

Africa drew $70 billion in foreign direct investment in 2025, its third-highest level since 1990, according to UN Trade and Development. The total fell from the exceptional $94 billion recorded in 2024. It still stood about one third above the

Developing Asia attracted $644 billion in foreign direct investment in 2025, up from $623 billion a year earlier, United Nations Trade and Development said in its World Investment Report 2026. The gain kept the region as the largest FDI recipient

Oil prices settled higher Tuesday, with Brent crude futures rising 3.01% to $74.16 a barrel. U.S. West Texas Intermediate crude gained 2.76% to $70.44 a barrel. Brent added $2.17 for the session. WTI rose $1.89. Trading later extended gains after

Arada announced the launch of Arada Capital, a new funds management platform targeting real estate investment opportunities across the Middle East and selected global markets. The platform aims to reach US$5 billion in assets under management within four years after

ADNEC Group reported a record AED9.2 billion economic impact for the UAE economy in 2025, marking its highest annual contribution. The total rose 8 percent from AED8.5 billion in 2024. The group said its business and leisure tourism activities generated