By Ahmed Tolba, Nafisa Eltahir and Yasmine Ghania CAIRO/DUBAI, July 31 (Reuters) – Oil prices rose on Friday after Iran said it had stopped two vessels seeking to exit the Strait of Hormuz, underscoring concerns over global energy supplies following a drone attack on ships in a Mediterranean Egyptian port this week. Iran said four…
Hong Kong’s economy expanded by 4.3 per cent year on year in the second quarter of 2026, with the government expecting “solid growth” to continue for the remainder of the year. A government spokesman attributed the robust momentum to buoyant external trade and resilient domestic demand. “Looking ahead, the Hong Kong economy should continue to…
Hong Kong taxi and light bus drivers have called for a two-month liquefied petroleum gas (LPG) subsidy scheme to be extended amid uncertainty over wars in the Middle East, and warned monthly operating costs could rise by up to 33 per cent when the policy ends. A government task force rolled out the subsidy on…
The Exchange Fund, the war chest used to defend the local currency, reported a 37 per cent decline in first-half earnings as losses in Hong Kong equities and weaker bond returns weighed on performance, the Hong Kong Monetary Authority (HKMA) said on Tuesday. Earnings stood at HK$134.7 billion (US$17.17 billion), down from the record half-year…
By Nayera Abdallah and Elwely Elwelly DUBAI, July 27 (Reuters) – Iran said on Monday it was still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States, after President Donald Trump halted a two-week bombing campaign that his top brass told him had run its course. …
Hong Kong exports rose 53.4 per cent year on year in June, their sharpest increase in 42 years, to a record HK$641.1 billion on strong overseas demand for AI-related products. Provisional figures released by the Census and Statistics Department on Monday showed that the total value of exports climbed to HK$641.1 billion (US$81.7 billion) last…
By Parisa Hafezi and Raphael Satter DUBAI/WASHINGTON, July 26 (Reuters) – Iran will halt its own attacks as long as the United States maintains its latest pause on air strikes, a senior Iranian official told Reuters on Sunday, after President Donald Trump abruptly called off his two-week-old bombing campaign. After 13 nights of intensifying U.S….
ANKARA, July 24 (Reuters) – Turkish opposition leader Ozgur Ozel and 91 breakaway lawmakers applied on Friday to launch a new political party, seeking to regroup to challenge President Tayyip Erdogan after their former party faced an unprecedented legal crackdown. They applied to the interior ministry to launch the so-called New Party in protest over…
Hong Kong can take on a new role as a “super converter” for technical standards, legal norms and innovations exchanged between mainland China and the wider world, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po stressed that Hong Kong’s reputation for quality had established the city as a “brand name” that was…
Hong Kong’s trade promotion body will set up a new office in Egypt within the next nine months to expand its footprint in Africa, while recalibrating resources for Nordic countries through its European bases as traditional markets face slower growth. Hong Kong Trade Development Council chairman Frederick Ma Si-hang said on Friday that the organisation…