Economy
Business and economy news
1542 articles in this section
Sailor Salaries Skyrocket as Danger Surges in the Strait of Hormuz Amid Conflict
Sailors navigating the perilous Strait of Hormuz are earning massive hazard bonuses of up to $50,000 per voyage as shipping companies battle surging conflict risks and soaring oil transportation costs.
UAE and Thailand Conclude Cepa Negotiations to Accelerate Bilateral Trade and Investment
The UAE and Thailand have concluded negotiations for a Comprehensive Economic Partnership Agreement designed to eliminate trade barriers and expand bilateral economic cooperation.
QatarEnergy Secures Seven Offshore Exploration Licenses in Brazil with Petrobras
QatarEnergy has secured seven new offshore exploration blocks in Brazil's Ceará Basin through a consortium with Petrobras, expanding its upstream portfolio in the region.
Wizz Air Cancels Entire Winter Schedule for Abu Dhabi and Dubai Flights
Wizz Air has cancelled all winter season flights to Abu Dhabi and Dubai due to extended regional airspace restrictions and increased operating costs.
Oil Prices Surge Past $100 Amid Reports of Potential US Strikes on Iran Prior to Midterms
Oil prices climbed past $100 a barrel following reports that the Pentagon is considering potential US strikes on Iran before the midterm elections amidst ongoing attacks in the Strait of Hormuz.
Strait of Hormuz Traffic Dips to Two-Month Low Amid Escalating Tanker Attacks
Vessel traffic through the Strait of Hormuz dropped to a two-month low as tanker attacks surged to wartime highs, though alternative export routes helped maintain overall crude supply levels.
Navigating the Long Goodbye: What Decreasing Global Oil Demand Means for the Gulf
New economic research explores how declining global oil demand will impact the Gulf region, analyzing competing theories like the disinvestment scenario and the green paradox.
Outrage in Spain: Housing Protests Erupt Following the Death of an 87-Year-Old
Furious housing protests have broken out in Spain following the death of an 87-year-old individual.
US Stocks Retreat from Record Highs as Middle East Tensions Send Oil and Treasury Yields Soaring
US stocks pulled back from record highs as surging Treasury yields and fluctuating oil prices rattled investors amid renewed fears of supply disruptions in the Middle East.
EU Trade Commissioner Maros Sefcovic Arrives in Beijing for High-Stakes Trade Negotiations Amid Escalating Tensions
European Trade Commissioner Maros Sefcovic is holding high-stakes talks in Beijing with Chinese Commerce Minister Wang Wentao to address the EU's massive trade deficit and escalating economic tensions.
US Mortgage Rates Surge to Three-Year High as Cost of Living Pressures Mount Before Midterms
US mortgage rates reached a nearly three-year high of 7.49 percent, causing applications to tumble as cost-of-living concerns impact voters ahead of the midterm elections.
UAE Drives Gulf Industrial Integration and Supply Chain Resilience at Bahrain Meetings
The UAE delegation, led by Dr Sultan Al Jaber, is participating in high-level meetings in Bahrain to drive Gulf industrial integration, enhance supply chain resilience, and promote advanced technology across the GCC.
IEA Members Back Accelerated Release of Emergency Oil Reserves to Combat Soaring Energy Prices
International Energy Agency members have agreed to accelerate the release of emergency oil and diesel reserves to help stabilize soaring global energy prices caused by ongoing conflicts.
US Claims Iran Has Lost Control of Strait of Hormuz as Oil Flows Recover
US Secretary of State Marco Rubio claims Iran has lost control of the Strait of Hormuz as regional oil flows return to near prewar levels, while tensions and negotiations over nuclear enrichment continue.
Jordan's Crown Prince and European Leaders Meet in Croatia to Address Middle East Energy Crisis
Crown Prince Hussein of Jordan met with European leaders in Croatia to address the escalating energy crisis and maritime disruptions in the Middle East.
Millions of Pakistanis Receive Government Fuel Subsidies, but Gaps Remain
Pakistan has rolled out a fuel relief scheme to help lower-income citizens cope with surging petrol prices, though critics note that public transport users and certain vehicle owners are excluded.
Abu Dhabi's Mubadala Commits to $39 Billion Annual Investments with Strong Focus on Asia
Abu Dhabi's Mubadala Investment Company announced plans to maintain an annual investment of $39 billion, focusing heavily on expanding its portfolio across Asian markets like China, South Korea, India, and Japan.
Vitol Reports Massive Oil Trading Opportunities Amid Iran Conflict Disruptions
According to Vitol Group, the conflict involving Iran is creating massive arbitrage and trading opportunities as global tanker fleets reach full capacity and oil transport routes stretch.
Dubai Approves 44 Zones for Shared Housing and Grants Owners One Year to Comply
Dubai Municipality has introduced new planning and building requirements for shared housing, designating 44 approved areas and giving property owners one year to comply.
Mubadala's Solutions+ Set to Double Dh1.5 Billion Economic Contribution to Abu Dhabi
Mubadala's business management services unit Solutions+ contributed Dh1.5 billion to Abu Dhabi's economy in 2025 and expects to double this contribution, driven by strategic acquisitions and technological advancements.
Egypt Prime Minister Emphasizes Non-Banking Financial Sector Growth and Investor Protection in Meeting with FRA Chairman
Prime Minister Mostafa Madbouly met with FRA Chairman Islam Azam to discuss the development and regulation of Egypt's non-banking financial sector, emphasizing investor protection and market efficiency.
Dubai Home Sales Drop Sharply in Third Quarter Amid Regional Uncertainty
Dubai's residential property transactions dropped significantly in the third quarter due to regional uncertainty surrounding the Iran war, leading to a more cautious market and lower sales values.
Prime Minister Mostafa Madbouly Oversees Preparations for Key Energy Session at Egypt Forum 2026
Prime Minister Mostafa Madbouly reviewed key preparations for the Egyptian Energy Journey session at Egypt Forum 2026, highlighting the nation's energy sector achievements since 2014.
Examining the Scale of a Massive Product Recall in the US
A detailed examination of how the US successfully recalled one billion products within a six-month timeframe, as explored in a short video report.