Business

Saudi Aramco has hiked retail diesel prices for 2024 by 53% to 1.15 riyals ($0.30) a litre from SAR 0.75, as part of its annual price adjustment. While the world’s oil producing company has raised prices for domestic consumers three […]

Argentina’s new President, Javier Milei, has withdrawn the country from its planned entry into the expanding Brics club of nations. In a letter to the leaders of Brazil, Russia, India, China and South Africa, Mr Milei said decisions taken by […]

The BRICS group is on track to double its membership as Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt join the bloc on January 1, 2024, according to South Africa’s envoy to the bloc. In August, the BRICS […]

Egypt’s black market exchange rate for the US dollar reached a record high of 53 Egyptian pounds amid calls for the cash-strapped North African country to devalue its currency. The latest rise in the black market price of the US […]

A Rwandan investor has won a spirited legal battle in Kenya over the ownership of a Ksh400 million ($2.6 million) online company, which he had been defrauded by a Kenyan trader. In the historical judgment, which lawyers say will restore […]

Almost two-thirds of British exporters have said selling to the EU has become harder in the past year, according to the British Chambers of Commerce, which is calling on the government to do more to smooth trade frictions post-Brexit. Three […]

India’s exports face a shortfall of about $4 billion to $5 billion this year after it clamped curbs on trade in wheat, rice and sugar, a person familiar with the matter said on Thursday, adding that Red Sea attacks may […]