Economy
Business and economy news
1542 articles in this section
Iraq Devalues Dinar to 1,500 Per Dollar Amid War and Hormuz Disruption Cash Crunch
Iraq has devalued its currency to 1,500 Iraqi dinars per US dollar, driven by a severe cash crunch caused by the Iran-Israel war and disruptions at the Strait of Hormuz.
How Guyana's Massive Oil Boom is Transforming the Global Energy Market and Its Economy
Guyana is rapidly emerging as a major global oil supplier and one of the world's fastest-growing economies amid international energy market disruptions. Driven by massive offshore discoveries and billions in investments, the country is boosting global energy security.
France's Student Protests Expose Deep Debt Crisis Threatening the Wider European Economy
France is facing a massive debt crisis and nationwide student protests over crumbling infrastructure and teacher shortages, raising fears of economic contagion across Europe.
Manus on Markets: Massive Capital Mobilization for AI Infrastructure Development
Manus Cranny explores global financial shifts and major headlines, including massive funding for AI infrastructure, regional developments, and market news.
How Russian Fuel Shortages and Ukrainian Strikes Are Opening Doors for Iranian Oil in Central Asia
Central Asian nations like Tajikistan and Kyrgyzstan are turning to Iranian oil as Ukrainian attacks on Russian energy infrastructure create severe fuel shortages in Moscow. While offering a temporary stopgap, analysts question the long-term logistical and economic sustainability of the trade.
IMF Chief Warns US-Iran War Energy Shock is Contained Yet Persistently Pressuring Global Markets
IMF managing director Kristalina Georgieva stated that the energy price shock from the US-Iran war remains contained but warns that ongoing supply disruptions and rising demand could sustain high costs globally.
US Stock Market Reaches Record High Driven by Artificial Intelligence Boom
The US stock market reached an all-time high as strong investor enthusiasm for artificial intelligence propelled the S&P 500 and Nasdaq Composite to record levels.
Global Investment Giant Capital Group Secures ADGM Licence to Fuel Middle East Expansion
Capital Group has secured a licence from Abu Dhabi's ADGM to operate as a regulated investment manager, joining a growing wave of global financial firms expanding into the region.
Explosion Forces Closure of Venezuela's Second-Largest Oil Refinery
An explosion has caused the shutdown of Venezuela's second-largest oil refinery, according to recent video footage.
Al Ain Farms Takes Camel Milk Global in Bid to Establish UAE Product as the Next Superfood
Al Ain Farms Group is expanding its Camelait brand internationally by partnering with companies in China and Europe to turn camel milk into a global superfood. The strategic move follows the introduction of the world's first international standard for pasteurised camel milk.
Desperate Times in Venezuela as Chronic Power Cuts Spark Public Fury and Strain Healthcare
Severe daily power cuts across Venezuela are disrupting essential medical treatments, fueling street protests, and straining citizens' daily lives amidst a struggling electrical grid and rising oil production.
CNN and CBS News Unite Under Skydance Following Massive $110bn Merger
Paramount Skydance has completed its $110bn merger with Warner Bros Discovery, bringing CNN and CBS News under one roof and raising questions about future editorial independence and cost-cutting measures.
UAE Pledges Global Action for Innovation and Resilience at Abu Dhabi Food Security Summit
Sheikh Mansour bin Zayed has reaffirmed the UAE's commitment to advancing global food security through innovation and resilience as the Global Food Security Summit opens in Abu Dhabi.
Global Energy Leaders Gather in London to Overcome Supply Disruptions Amid US-Iran Conflict
Energy executives meeting at the Energy Intelligence Forum in London discussed strategies to secure oil supplies and build industry resilience amid disruptions caused by the US-Iran war.
DP World Secures 10-Year Concession Extension and $90M Upgrade for Angola's Port of Luanda
Global ports operator DP World has received a 10-year concession extension and announced a $90 million upgrade to dramatically increase capacity at Angola's Port of Luanda.
On the Frontlines of a Slow-Moving Catastrophe: How Kabul Is Racing Toward 'Day Zero' for Water
Kabul is rapidly approaching a catastrophic 'day zero' where its water supply runs completely dry, leaving millions of residents facing severe shortages, soaring costs, and the harsh impacts of climate change.
UAE and Jordan Leaders Discuss $2.5 Billion Cross-Border Railway Project
President Sheikh Mohamed and King Abdullah of Jordan held a phone call to review bilateral ties and discuss the landmark $2.5 billion Aqaba-Al-Shidiya-Maan Railway Project.
Egyptian Exports to South Korea Surge 11.2% in the First Half of 2026
Data from CAPMAS shows that Egyptian exports to South Korea rose by 11.2% in the first half of 2026, while South Korean investments in Egypt surged dramatically.
Exploring the Shift as Young People Pay to Secure Employment
An examination of the emerging trend where young job seekers pay to get hired, highlighted in a short video segment.
World Bank Cuts 2026 Middle East Economic Forecast by 2.1% Due to Ongoing Iran War
The World Bank has downgraded its 2026 economic forecast for the Middle East, projecting a 2.1 per cent GDP contraction driven by energy supply constraints from the ongoing Iran war.
Unlocking the Gulf's Full Industrial Potential Through Cross-Border Integration
As ministers and investors gather for the inaugural Made in GCC Forum in Bahrain, experts argue that regional economic integration and cross-border collaboration will unlock the Gulf's true industrial potential.
Trump Shifts Blame for Soaring US Fuel Prices to Democrats and Ukraine Ahead of Midterms
President Donald Trump is deflecting blame for rising US fuel prices onto Democrats and Ukrainian attacks on Russian refineries as midterm elections approach. Meanwhile, polls indicate that a majority of Americans hold Trump's policies responsible for the higher costs.
Qatar Central Bank and Euroclear Partner to Boost Global Access to Government Bonds
Qatar Central Bank and Euroclear have established a new settlement link to make Qatari government bonds and sukuk accessible to global investors through Euroclear's infrastructure.
Sheikh Khaled and King Abdullah Break Ground on $2.3 Billion Jordan Rail Project
Sheikh Khaled bin Mohamed and King Abdullah II have launched the $2.3 billion Aqaba-Al-Shidiya-Maan Railway Project to connect Jordan's mining hubs with the Port of Aqaba.