Business
– Samsung Electronics is set to become the first South Korean company to hold more than 200 trillion won ($146.6 billion) in cash assets, lifted by an AI-driven chip supercycle. Its cash and short-term financial assets are estimated at 214.8
– Global food prices declined in October, though they remained 5.9% higher than a year earlier, the Food and Agriculture Organization of the United Nations (FAO) said on Friday. The FAO Food Price Index, which tracks monthly changes in the
– Egypt’s net international reserves rose to a record $57.5 billion at the end of October 2026, up $151.6 million from September, according to data released by the Central Bank of Egypt (CBE). Reserves stood at $57.4998 billion at the
– Botswana’s diamond-dependent economy is showing signs of recovery after a two-year slump, with fiscal authorities raising this year’s growth forecast to 3.8% from an initial 3.1%. The upgrade reflects stronger diamond production in the first half of the year.
Technology
Middle East and Africa Private Market Place (MEAPMP) today announced the commercial launch of its revamped independent supply-side platform (SSP) and curated media marketplace, connecting enterprise media buyers and agencies directly with premium regional inventory across 73 countries. Operating from
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– The UAE and Tanzania discussed ways to expand cooperation in economic, trade and development fields as Sheikh Abdullah bin Zayed Al Nahyan received Tanzanian Foreign Minister Mahmoud Thabit Kombo in Abu Dhabi. Sheikh Abdullah is the UAE’s Deputy Prime
– Samsung Electronics is set to become the first South Korean company to hold more than 200 trillion won ($146.6 billion) in cash assets, lifted by an AI-driven chip supercycle. Its cash and short-term financial assets are estimated at 214.8
– Global food prices declined in October, though they remained 5.9% higher than a year earlier, the Food and Agriculture Organization of the United Nations (FAO) said on Friday. The FAO Food Price Index, which tracks monthly changes in the
– Yellow fever has killed 18 people across nine African countries this year, the World Health Organization said, warning that outbreaks are continuing. A total of 67 confirmed cases were recorded between January 1 and October 12, 2026. The cases
– Egypt’s net international reserves rose to a record $57.5 billion at the end of October 2026, up $151.6 million from September, according to data released by the Central Bank of Egypt (CBE). Reserves stood at $57.4998 billion at the
– Botswana’s diamond-dependent economy is showing signs of recovery after a two-year slump, with fiscal authorities raising this year’s growth forecast to 3.8% from an initial 3.1%. The upgrade reflects stronger diamond production in the first half of the year.