Browsing: Business

Dubai Aerospace Enterprise agreed to buy Macquarie AirFinance for about $7 billion in cash, creating a combined aircraft leasing fleet of 1,029 aircraft.

Bank of Korea held rates at 2.5% and launched dot plot guidance as it lifted 2026 growth forecast and flagged housing, debt and won risks.

Zimbabwe has suspended exports of raw minerals and lithium concentrates with immediate effect, including cargo already in transit, officials said.

UN ESCWA projects Arab region growth of 3.7% in 2026 from 2.9% in 2025, with inflation easing, exports rising and performance diverging by income group.

Pakistan rice export earnings fell 40.5% to $1.31bn in July to January, while India 2025 shipments rose to 21.55m tonnes, pressuring prices.

Egypt says crude output has started from Belayim Marine 133 in the Gulf of Suez at about 1,500 bpd, drilled by Petrobel under EGPC and Eni.

Egypt’s central bank says remittances from citizens abroad rose 40.5% in 2025 to a record $41.5bn, up from $29.6bn in 2024.

UAE was Oman’s leading partner in 2025 for non-oil exports, re-exports and imports, with exports topping OMR 1.311bn and re-exports at OMR 724m.

Pakistan’s latest FY2024-25 estimates put poverty at 28.9% and inequality higher, with about 70 million below a Rs 8,484 monthly poverty line.

Port of Salalah hit record 26.4m tonnes of general cargo in 2025 as container volumes rose to 4.3m TEUs and profit climbed, Salalah Port Services said.