Business

    The international financial community maintains a highly positive outlook on the economic trajectory of the United Arab Emirates. Recent macroeconomic assessments published by the World Bank Group indicate that the sovereign state will experience robust expansion over the next two

    Economic growth across developing Asia and the Pacific will moderate to 5.0% in 2026 from 5.5% in 2025. The Asian Development Bank raised its 2026 forecast by 0.1 percentage point from its July estimate. Growth should edge up to 5.1%

    Remittances from Egyptians working abroad totaled about $29.7 billion from January through July 2026. The Central Bank of Egypt said the figure rose 28.1% from about $23.2 billion a year earlier. The seven-month increase added roughly $6.5 billion compared with

    China left its benchmark lending rates unchanged in September, extending a period of stable borrowing costs. The one-year loan prime rate remained at 3.0%, while the over-five-year rate stayed at 3.5%. Banks commonly use the longer-term benchmark when pricing mortgages.

    Bullion faced renewed selling pressure across international trading desks as global commodity markets digested a quarter-point interest rate hike by the U.S. Federal Reserve. Spot gold declined 1 percent to $4,249 per ounce, hitting multi-session lows under the weight of

    Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met Indian Prime Minister Narendra Modi in New Delhi on September 12. The leaders discussed ways to deepen UAE-India relations and expand cooperation across key sectors. Their meeting

    Sports

    Mexico advanced to the FIFA World Cup Round of 16 on Tuesday. The co-host beat Ecuador 2-0 at Mexico City Stadium. Julián Quiñones scored in the 22nd minute. Raúl Jiménez added the second goal nine minutes later.

    Erling Haaland scored twice as Norway beat Senegal 3-2 on Monday. The win at New York/New Jersey Stadium moved Norway into the FIFA World Cup 2026 Round of 32 after two group matches. Marcus Holmgren Pedersen also scored for Norway

    Portugal turned a clear ranking gap into a straightforward 5-0 win over Uzbekistan in FIFA World Cup 2026 Group K at Houston Stadium. Portugal entered the match ranked fifth by FIFA, while Uzbekistan stood 50th and was playing its first

    Lionel Messi turned another World Cup night into a record-setting stage as Argentina beat Austria 2-0 in Group J on Monday, with the 38-year-old captain scoring both goals at Dallas Stadium. Messi struck in the 38th minute and again in

    Egypt recorded their first FIFA World Cup win with a 3-1 comeback victory over New Zealand in Group G at BC Place in Vancouver. The result ended Egypt’s long wait for a tournament victory. It also came against the lowest-ranked

    The United States beat Australia 2-0 on Friday in a FIFA World Cup Group D match at Seattle Stadium, reaching the Round of 32 with one group game left. The co-hosts moved to six points from two matches. Australia stayed