Business
– Oman’s electricity production increased 4.3% year on year during the first eight months of 2026. Total output reached 37,481.8 gigawatt-hours, compared with 35,935.3 GWh in the same period of 2025. The increase amounted to about 1,546.5 GWh. Preliminary figures
– Indonesia recorded Rp131.1 trillion, about $7.33 billion, in foreign capital inflows through early October 2026. Finance Minister Suahasil Nazara presented the figure during the government’s latest state budget briefing in Jakarta. Most foreign investment moved into government bonds and
– The African Union has formally launched the Africa Credit Rating Agency, known as AfCRA, in Mauritius. The agency will provide credit assessments for African sovereigns, companies, financial institutions and other issuers. Its launch took place in Port Louis during
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
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
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
Iraq’s state-run Basra Oil Company signed a five-year integrated management contract with Halliburton for the Bin Omar and Sindbad oil fields in Basra province, Iraq’s Ministry of Oil said. The agreement covers field management work aimed at raising crude oil
The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean energy facility planned for the country’s north. The financing backs a major storage project designed to help Morocco add more renewable power
South Korea’s exports topped US$100 billion in a single month for the first time in June, setting a national record as semiconductor shipments nearly tripled. The Ministry of Trade, Industry and Resources said exports rose 70.9% from a year earlier