Browsing: Business

Washington, October 1, 2025: U.S. President Donald Trump has signed a proclamation imposing new tariffs on imported wood products, including a 10 percent duty on softwood lumber and a 25 percent duty on kitchen cabinets, bathroom vanities and certain types of wooden furniture. The new

European polished diamonds, primarily processed in Antwerp, have been granted an exemption from the 15 percent import tariffs recently introduced by the United States on a range of industrial goods. The Antwerp World Diamond Centre (AWDC) confirmed the decision in

The European Union posted a trade surplus of €23 billion in high-technology goods in 2024, reversing four consecutive years of deficits, according to data released by Eurostat on Tuesday. The shift came as EU exports of high-tech products rose sharply

The European Union recorded €10.8 billion in sporting goods imports from non-EU countries in 2024, while extra-EU exports totaled €7.3 billion, according to data released by Eurostat, the statistical office of the European Union. Sporting goods accounted for 0.4 percent

Gold prices soared to historic levels on Monday, crossing US$3,750 per ounce for the first time, as investors weighed the outlook for U.S. interest rates and awaited a key speech from Federal Reserve Chair Jerome Powell. The surge extended a

The Organisation for Economic Co-operation and Development (OECD) has revised its global growth outlook upward for 2025, citing short-term resilience in advanced economies, while warning that rising trade barriers and tightening financial conditions are likely to drag on global momentum

Egyptian Prime Minister Mostafa Madbouly announced Saturday that industrial projects in the Qantara West Zone are expected to generate between $3 billion and $4 billion annually in export revenues once fully operational. The area forms part of the Suez Canal

South Korea’s overseas direct investment declined 13.4 percent year-on-year in the second quarter of 2025, reflecting reduced capital outflows across key sectors amid a challenging global economic environment. Data released by the Ministry of Economy and Finance on Friday showed

The United Arab Emirates (UAE) and India recorded a sharp increase in bilateral non-oil trade during the first half of 2025, underscoring the growing impact of the Comprehensive Economic Partnership Agreement signed in February 2022 and implemented in May that

Egypt and Spain signed a landmark Development Partnership Agreement for 2025 to 2030 on Thursday in Cairo, marking the first of its kind between the two countries. The signing took place during the state visit of King Felipe VI and