Business
– Brent crude touched $110 a barrel on Friday for the first time since May as escalating Middle East tensions raised fears of tighter supplies. Brent futures for December delivery settled $3.94, or 3.7%, higher at $109.86, the highest close
– Remittances from Egyptians working abroad rose 27.2% in the first eight months of 2026 to a record $33.9 billion. The Central Bank of Egypt reported the figures on Tuesday, October 13. Inflows stood at $26.6 billion during the same
– Oman’s total electricity production rose 4.3% year on year through August 2026, reaching 37,481.8 gigawatt-hours. Output stood at 35,935.3 GWh during the same period of 2025. Preliminary data from the National Centre for Statistics and Information showed growth across
– Foreign capital inflows into Indonesia’s financial markets reached Rp131.1 trillion, about $7.33 billion, through early October 2026. Finance Minister Suahasil Nazara announced the cumulative figure during the government’s monthly state budget briefing in Jakarta. The Finance Ministry said government
– The African Union officially launched the Africa Credit Rating Agency, or AfCRA, in Mauritius on October 7. The new institution will focus on African sovereigns, companies and other issuers. AfCRA plans to provide independent credit assessments using African data,
– Pakistan’s federal state-owned enterprises carried debt equal to about $36.5 billion at the end of December 2025. The total rose 14.3% from a year earlier, adding roughly $4.7 billion at current exchange rates. The Ministry of Finance published the
– The UAE recorded $63.353 billion in outward foreign direct investment in 2025, according to UN Trade and Development. The country’s total outward FDI stock reached $402.729 billion by year-end. That compares with $55.560 billion in 2010, showing a sharp
– Pakistan petrol prices moved higher again on October 6 after another daily fuel revision. Petrol increased by Rs0.88 per litre to Rs393.64, extending the rise recorded three days earlier. High-speed diesel moved in the opposite direction, falling by Rs1.88
– India and Switzerland signed five cooperation instruments on Monday during high-level talks in New Delhi. Prime Minister Narendra Modi and Swiss President Guy Parmelin led the discussions. The package covers migration, young professionals, transport infrastructure, scientific research, innovation and
– Oil prices steadied near $102 a barrel on Monday after Brent briefly climbed above $103 in early trading. At 0900 GMT, Brent crude futures were up 5 cents at $102.30 a barrel. U.S. West Texas Intermediate crude was down
News
– UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks with French President Emmanuel Macron in Abu Dhabi on October 19 on expanding the strategic partnership between their countries. The meeting came during Macron’s official visit to
– Prime Minister Narendra Modi held a video conference with commercial pilot Captain Smit Machchhar to express national gratitude and review his medical recovery following a life-saving aviation emergency. According to an official statement released Friday by the Press Information
– Defence Minister Rajnath Singh said India is expanding its maritime security role across the Indian Ocean Region. He spoke at the Indian Navy’s second Commanders’ Conference of 2026 in New Delhi on September 29. Singh said Indian warships now
– Suleiman Khan, son of jailed former prime minister Imran Khan, has accused Pakistan’s leadership of acting like “tyrants” as supporters prepare for an October 4 march on Islamabad. Pakistan Tehreek-e-Insaf moved the protest from September 27 after days of
Deputy Prime Minister and Minister of Interior His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan met with INTERPOL President Lucas Filip on the sidelines of the 15th United Nations Congress on Crime Prevention and Criminal Justice in Abu
More than 55,000 people left high-risk areas across Hainan after extreme rainfall caused flooding and landslide threats. Authorities expanded evacuations through September 14 as rivers rose and water entered vulnerable communities. The operation covered low-lying districts, areas near waterways and
Consumers in Lahore are paying sharply above government-notified prices for essential foods as Pakistan faces renewed inflation pressure. Official rate reductions have failed to produce matching prices across many retail markets. Chicken, vegetables and fruit all showed large gaps between
Sports
Apple is expanding its Apple Arcade subscription service with a slate of new titles and major updates launching throughout September. Headlining the lineup is NFL Retro Bowl ’26, which debuts exclusively on the platform on September 4. Developed by New Star
The 47th edition of the Moscow International Film Festival (MIFF) commenced on Thursday in the Russian capital, opening a week-long program that will spotlight 200 films representing 50 countries and regions. The festival, one of the oldest in the world, runs through
The investigation into Matthew Perry’s tragic overdose has resulted in charges against five individuals, including three medical professionals and one assistant, linked to the actor’s untimely death. The group of accused also encompasses Jasveen Sangha, known colloquially in the industry as the
In a striking display of box office dominance, Ranbir Kapoor’s latest film “Animal” is poised for an unprecedented opening. Directed by Sandeep Reddy Vanga, known for his intense storytelling, “Animal” has sparked a significant surge in advance bookings. This excitement not only
“The Equalizer 3” tops $100 million at the global box office in just its second weekend, boasting a formidable total of $107.6 million. This impressive figure includes $61.8 million from the US and a commendable $45.8 million internationally making the
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Jaguar unveiled the production Type 01 in New York on October 6, marking a major product launch for the British luxury brand. The four-door electric grand tourer is the first production Jaguar based on the dedicated Jaguar Electric Architecture. It
Japan’s new car sales rose 1.8% in the first half of 2026, marking a second straight first-half gain for the domestic auto market. Automakers sold 2,387,189 new vehicles from January through June, including minivehicles. The increase followed a stronger second
Porsche has presented a one-off 911 GT3 RS created through its Sonderwunsch programme, combining the track-focused sports car with a bespoke design treatment inspired by haute couture. The vehicle is finished in Macadamiametallic from the Paint to Sample range and
SEOUL: Mercedes-Benz on Monday unveiled the all-new electric C-Class at a world premiere in Seoul, introducing the first battery-electric version of one of its best-known sedan nameplates and placing one of the brand’s core products into the premium EV market. The launch
MENA Newswire, ATLANTA: Mercedes-Benz USA has unveiled the 2027 S-Class Sedan as a major update to its flagship luxury sedan, adding new lighting signatures, a revised cabin technology stack and expanded personalization choices. The automaker said the model introduces an illuminated front grille
MENA Newswire, DETROIT: Ford Motor Co. is recalling about 119,000 vehicles in the United States after federal safety regulators said a defect in certain engine block heaters can raise the risk of an under-hood fire when the heater is plugged in. The recall
Luxury
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time since the Great Recession. According to Bain & Company’s annual luxury report, global sales are
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow gold. Sporting a distinctive 60-minute
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct gold or 950 platinum with groundbreaking innovation. Since its launch in 1956, it has stood out as the first wristwatch to display both the date and
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on January 31st in Sharjah. This prestigious event, a collaboration between Expo Centre Sharjah and the Sharjah Chamber of Commerce and Industry, has become a beacon for luxury connoisseurs worldwide,
Porsche, the renowned sports car manufacturer, has teamed up with Frauscher Shipyard to unveil the 850 Fantom Air, their inaugural electric sports boat. Powering this maritime marvel is the drive technology slated for Porsche’s upcoming all-electric Macan. International media and enthusiasts recently
The Rolex GMT-Master II is making waves with its two latest versions – one in yellow Rolesor, a blend of Oystersteel and yellow gold, and another in 18 ct yellow gold. These timepieces debut a groundbreaking grey-black Cerachrom bezel insert, redefining the
In the world of luxury watchmaking, certain introductions set the bar higher. The Aquanaut Luce Annual Calendar Reference 5261R-001 is just that – a testament to Patek Philippe’s continued commitment to pushing the boundaries of innovation while maintaining an elegant touch. The
In the picturesque heart of Switzerland, the rhythm of innovation beats strong within Audemars Piguet’s walls. The legendary Swiss watchmaker brings forth yet another symphony of design: a novel rendition of their Royal Oak Offshore Music Edition, initially birthed to the world in
In the vast universe of luxury brands, Rolex occupies a unique celestial body, twinkling with prestige, precision, and timeless allure. It’s a name that, for over a century, has been synonymous with excellence in watchmaking. While many brands have come and gone,
Luxury fashion brand Gucci has appointed actor Alia Bhatt as its global ambassador, making her the first Indian to represent the esteemed Italian brand worldwide. Bhatt is set to make her inaugural appearance as Gucci’s newest global ambassador during the