Economy
Business and economy news
1542 articles in this section
US President Donald Trump Secures Major Russian Diesel Deal to Combat High Fuel Prices
United States President Donald Trump announced a major diesel supply deal with Russia following talks with President Vladimir Putin amid high fuel costs.
Qatari Fintech Startup Dibsy Makes Historic Debut on Forbes Middle East's 2026 Fintech 50 List
Qatari payment infrastructure firm Dibsy has been named to Forbes Middle East's 2026 Fintech 50 list as the sole representative from Qatar, following rapid transaction growth throughout 2025 and 2026.
From The X Factor to Real Estate Success: How JJ Thompson Built a Dh130,000 Monthly Income in Dubai
Former X Factor contestant and radio presenter JJ Thompson shares his journey of transitioning into Dubai real estate, where he now earns Dh130,000 a month after overcoming financial struggles.
Violent Clashes Erupt in Brussels as Thousands Protest Against Federal Austerity Plans
Thousands of protesters gathered in Brussels for an anti-austerity demonstration organized by trade unions, resulting in clashes, tear gas deployment, and property damage.
Trump Establishes Committee to Investigate Federal Reserve Governor Lisa Cook Over Mortgage Allegations
US President Donald Trump has formed a committee to investigate Federal Reserve Governor Lisa Cook regarding allegations tied to a 2021 mortgage application. The upcoming November 5 hearing will examine whether sufficient cause exists for her removal.
Dubai Cashless Strategy Boosts Economy with Dh8 Billion Contribution Ahead of Schedule
The Dubai Cashless Strategy has contributed Dh8 billion to the economy, surpassing its 2026 targets ahead of schedule as digital transactions and community happiness indices both hit 90.1 per cent.
UAE President Sheikh Mohamed and Canadian PM Mark Carney Forge Closer Economic and Technological Ties
President Sheikh Mohamed and Canadian Prime Minister Mark Carney held discussions on strengthening economic, investment, and technological ties, building on their recent Comprehensive Economic Partnership Agreement.
Iraq Prepares to Launch Crude Oil Transport by Lorry to Syria by Mid-October Amid Strait of Hormuz Disruptions
Iraq plans to begin transporting crude oil to Syria by lorry from mid-October to boost energy exports affected by disruptions in the Strait of Hormuz.
Natixis CIB Targets Double-Digit Expansion in Middle East and Asia Amid Regional Uncertainty
French lender Natixis CIB projects double-digit growth in its Middle East and Asia operations this year and next, continuing its expansion despite regional economic challenges and the Iran war.
Binance Bridges Traditional Finance and Crypto with bStocks Launch in the UAE
Binance has launched bStocks in the UAE, allowing eligible users to trade tokenised US equities alongside digital assets on a single financial platform.
Abu Dhabi Launches Massive Qitaf City to Boost UAE Food Security and AgriTech
Abu Dhabi is developing Qitaf City, a massive four-million-square-metre agricultural community designed to enhance the UAE's food security and promote AgriTech innovation.
The Gulf Region Leads Global Megaprojects with Multi-Billion Dollar Developments
A Statista ranking reveals that the Gulf region is home to four of the world's nine megaprojects costing at least $100 billion, showcasing massive ambitions in urban and transport development.
UAE Economy Demonstrates Resilience with 0.4% Growth in H1 2026 Amid Regional Conflict
The UAE economy grew 0.4 per cent to Dh961.9 billion in the first half of 2026, driven by non-oil sectors despite the impact of the Iran war.
Oil Prices Head for Weekly Gains Driven by Middle East Tensions and Hurricane Isaias
Oil prices are on track for a weekly gain due to escalating Middle East tensions and disruptions from Hurricane Isaias, despite a slight dip following comments from US President Donald Trump.
Inside Afghanistan's Panjshir Valley: How Emerald Mining Draws Global Buyers Amid Basic Tools and Hardship
Miners in Afghanistan's Panjshir valley toil with basic tools to extract high-quality emeralds, driving a surge in valuable gemstone auctions and providing a crucial economic lifeline despite a lack of advanced equipment.
Abu Dhabi's ADGM Regulator Fines PKF Accountants and Business Advisers $100,000 Over Audit Deficiencies
Abu Dhabi's ADGM regulator has penalized PKF Accountants and Business Advisers and auditor Saranga Lalwani $100,000 following an inspection that revealed significant audit deficiencies.
Soaring Living Costs and Economic Crisis Grips Yemen Across Divided Regions
Years of conflict and a divided banking system have plunged Yemenis in Aden, Marib, and Sanaa into a severe economic crisis, leaving millions struggling with soaring living costs and unpaid salaries.
How UAE Food Retailers and Producers Built Resilient Supply Chains Amid the Iran Conflict
Faced with the challenges of the Iran war and supply chain disruptions, UAE food retailers and producers like Lulu Group International, United Foods, and Al Ain Farms Group have adapted by forging new trade routes, chartering private vessels, and prioritizing local sourcing.
Iran War Fuels South-East Asia's Renewable Shift, Yet Energy Storage Investments Lag Behind
The Iran war has accelerated South-East Asia's push toward renewable energy, but a new report by Ember shows the region is falling severely short of its 2030 energy storage and investment targets.
UAE and Saudi Arabia Forge Strategic Rail and Energy Pact to Enhance Regional Connectivity
The UAE and Saudi Arabia have signed a preliminary agreement in Riyadh to advance cross-border rail links and strengthen energy co-operation.
Israel Establishes First-Ever National Pavilion at Morocco Defense Exhibition
Israel's Ministry of Defence is participating for the first time in a defense exhibition in Morocco with a national pavilion at the Marrakech Air Show 2026, marking a significant step in growing bilateral ties.
US Suspends Microsoft and Adobe From Visa Programme Over Fraud Claims and Job Displacements
The US government has suspended Microsoft, Adobe, and other firms from a skilled worker visa programme amid a major crackdown on alleged visa fraud and domestic layoffs.
DP World Secures 15-Year Deal to Operate New Terminal at Chittagong Port
DP World has signed a 15-year concession agreement to operate the New Mooring Container Terminal at Bangladesh's Chittagong port, aiming to boost trade and supply chain efficiency.
Fitch Ratings Affirms Egypt at 'B' with Stable Outlook Amid Economic Resilience
Fitch Ratings has affirmed Egypt’s credit rating at 'B' with a stable outlook, citing economic resilience, international support, and steady growth projections.