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UAE and India deepen trade, investment and strategic cooperation through high-level talks. Both leaders examined cooperation under the UAE-India Comprehensive Economic Partnership Agreement, known as CEPA. They also addressed the longstanding political, commercial, cultural, energy, and people-to-people connections linking their nations. The leaders explored ways to deepen collaboration in key areas that have become central to their bilateral relationship. The discussions also touched on mutual interests as the two governments maintained regular engagement in economic and strategic domains. Leading the UAE delegation at the BRICS Summit, Sheikh Khaled represented President Sheikh Mohamed bin Zayed Al Nahyan. Modi expressed appreciation for the UAE’s involvement during India’s 2026 BRICS chairmanship. Both leaders agreed to continue joint efforts within the group on shared priorities and cooperation. They also recalled Sheikh Mohamed’s visit to India in January 2026 and Modi’s trip to the UAE in May 2026. Focus on investment growth and strategic sectors The discussion highlighted new avenues for investment between the UAE and India. The leaders welcomed the announcement by International Holding Company regarding an $11.5 billion integrated greenfield aluminium project in Odisha, which India has described as the country’s largest such project in the sector. They also discussed the potential role of L’Imad, the UAE’s newest sovereign investment fund, in bolstering bilateral investments and supporting economic cooperation in areas identified by both nations. Opportunities in defence, space, nuclear energy, technology, and innovation were also reviewed. These sectors complement the

Oman inflation reached 3.4% in August 2026 as transport and food prices increased. Transport experienced the most significant annual increase among the key consumer groups, climbing 8.5% from August 2025. Food and non-alcoholic beverages also saw a substantial rise of 7%, while miscellaneous personal goods and services increased by 6.1%. Prices in restaurants and hotels grew by 3.6%, and furniture, household equipment, and routine household maintenance costs advanced by 3.1%. Education costs went up by 2.2%, health expenses increased 1.7%, and culture and recreation prices edged higher by 0.4% over the same period. Clothing and footwear prices experienced a minimal increase of 0.1%, whereas communications and tobacco prices remained unchanged. The only main category to witness a decline was housing, water, electricity, gas, and other fuels, which fell 0.6%. The August data revealed diverse price trends across the consumer basket, with transport and food recording the largest gains. Variations in inflation were also observed across Oman’s governorates, with annual rates spanning from 2.1% to 4.8%. Transport and Food Drive the Yearly Price Increases Al Dhahirah registered the highest governorate inflation rate at 4.8% in August. Muscat followed with 3.9%, while Al Dakhiliyah posted 3.8%. Al Wusta’s rate stood at 3.

UAE and Germany Forge 9.66 Billion Euro Economic Partnership Agreement BERLIN / RankWire.AI / – In Berlin, UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged with leading German corporate executives to promote deeper cross-border investment and trade integration. Emphasizing the UAE’s strategic role as a worldwide logistics hub and its supportive regulatory environment for investors, Sheikh Mohamed encouraged German industrial leaders to bolster their expansion into Middle Eastern and global markets. The discussions highlighted emerging commercial opportunities arising from recent bilateral agreements across manufacturing, renewable energy, and digital technology sectors.

India and Russia agreed to accelerate bilateral economic cooperation to achieve a target of $100 billion in two-way trade by 2030. Following high-level plenary sessions at the INNOPROM India 2026 industrial technology exhibition in New Delhi, officials from both governments established a shared framework to expand trade from its current baseline of approximately $60 billion. India Russia bilateral trade target set at $100 billion by 2030 as diplomatic delegations and industrial leaders move to rebalance commercial flows through non-energy sector expansion.

UAE and Germany expand economic ties with a €40 billion cross-sector investment plan. A significant component of the package involves substantial expenditure on developing Germany’s digital infrastructure. A joint declaration from the two governments laid out plans for establishing new data centres with a combined capacity of approximately 1 gigawatt. Germany committed to fostering supportive conditions for their deployment. This initiative is part of a broader set of economic agreements announced during the state visit. Both nations also detailed cooperation in technology, energy, trade, investment, and additional areas covered by their bilateral partnership. During the visit, 29 business agreements and memoranda were signed between UAE and German companies, with their combined value exceeding €9.356 billion, according to the joint declaration. The two nations also agreed to form a German-UAE Investment Council, which will serve as a platform for investment and engagement between government agencies and private enterprises. Additionally, the UAE and Germany initiated a Strategic Dialogue that will focus on economic, technological, security, energy, transport, environmental, cultural, and educational collaboration. UAE’s €40 Billion Investment Plan Emphasizes Industry and Digital Growth This €40 billion pledge builds on prior major investments by the UAE in Germany. According to the governments’ joint declaration, XRG has invested around €15 billion in Covestro. Further corporate investments and collaborations involving Covestro, RWE, ADNOC, and Masdar were also highlighted, which exist alongside the newly announced package rather than forming part of its total. The main areas

During a state visit to Berlin, the United Arab Emirates and Germany formalized their strategic partnership by launching a new Strategic Dialogue and agreeing to create a bilateral Investment Council. UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz attended the event where 12 government-level agreements, memoranda and declarations were announced. These accords encompass sectors such as investment, energy, technology, aviation, security, legal cooperation, environmental initiatives, data systems and culture. They serve to expand the UAE-Germany Comprehensive Strategic Partnership, which has been in place since 2004.

Gold prices moved higher on Thursday, supported by a softer U.S. dollar ahead of new U.S. inflation statistics. Spot gold increased 0.3% to reach $4,414.28 an ounce as of 0419 GMT. Meanwhile, U.S. gold futures for December delivery dipped 0.1% to $4,457.20. The early gains kept spot gold above the $4,400 mark following a sharp reversal during Wednesday’s trading session. Initially, gold declined but finished the day more than 1% higher.

PANAMA / RankWire.AI / – The Panama Canal might cut back its daily ship movements to approximately 29 vessels in February or March 2027 if drought conditions persist, according to its new head. Ilya Espino de Marotta, who assumed her role on Sept. 7, highlighted this possibility amid El Niño’s impact on reservoir levels. The canal depends on freshwater from lakes fed by rainfall to operate its locks, and the Panama Canal Authority has already begun phased capacity reductions following below-normal precipitation across the watershed area.

German automaker Volkswagen AG revealed on Monday its plans to sell the Osnabrück manufacturing plant to Israeli private equity firm Aurelius Capital alongside the German federal state of Lower Saxony. Under the preliminary agreement, the new owners will transform the vehicle assembly site into a dedicated security and defense manufacturing hub. Israel Aurelius and the German state will take over VW’s Osnabrück plant defense projects to supply air defense equipment for European security markets.

Egypt’s net international reserves reached a record $57.2 billion in August 2026. Compared to August 2025, the total reserves in August 2026 are $7.9638 billion higher than the $49.2507 billion recorded in the same month last year, representing an annual growth rate of roughly 16.2%. Egypt concluded December 2025 with net international reserves of $51.4516 billion. Consequently, reserves have grown by approximately $5.76 billion, or 11.2%, within the first eight months of 2026. Official monthly figures indicate that the reserve total has increased every month since January, with positive gains extending through August. The pace of reserve accumulation accelerated mid-year, with net international reserves reaching $53.1342 billion in May before climbing to $55.0723 billion in June. They then increased to $56.2939 billion in July and $57.2145 billion in August. The jump from May to June was about $1.94 billion, while July added roughly $1.22 billion, and August contributed around $920.6 million. Collectively, these three months’ growth added over $4 billion to Egypt’s international reserve stockpile.