Economy
Business and economy news
1542 articles in this section
Abu Dhabi's Eagle Hills Signs Major Agreement for Residential and Tourism Projects in Syria
Abu Dhabi-based Eagle Hills has signed a framework agreement with the Syrian government to develop major residential and tourism projects in Damascus and Latakia, expected to create over 40,000 jobs.
UK Faces £120 Billion Wealth Drain as Billionaires Relocate Amid Tax Changes
Britain has lost £120 billion as several billionaires and high-net-worth individuals relocate abroad to escape tightening tax policies under the Labour government.
Qatari LNG Shipments Continue Through Strait of Hormuz Amid Ongoing Regional Risks
Qatari LNG shipments continue to navigate the Strait of Hormuz despite regional security concerns linked to the ongoing conflict.
Qatar's Loan Market Prepares for Next Evolution Through Tailored Documentation and Islamic Finance Standards
A recent roundtable in Doha hosted by the Loan Market Association and Al Tamimi & Company explored ways to evolve Qatar's loan market through localized documentation, Arabic-language options, and consistent Islamic finance standards.
Is Iran Imposing a Toll for Oil Tanker Passage Through the Strait of Hormuz?
Middle East oil exports have surged past pre-war levels despite the conflict, with analysts speculating that Gulf nations might be paying Iran informal tolls for safe passage through the Strait of Hormuz.
Adnoc Secures Major LNG Supply Deal with Thailand's Gulf Development Amid Gulf Disruption
Adnoc has signed a multi-year agreement to supply liquefied natural gas to Thailand’s Gulf Development, helping the nation secure alternative fuel sources amid regional supply disruptions caused by the Iran war.
How PRYPCO Blocks is Redefining Dubai Real Estate Investment with its 'Habba Habba' Campaign
PRYPCO Blocks is launching its new 'Habba Habba' campaign to make fractional real estate investing in Dubai more accessible, allowing users to invest in properties starting from Dh500.
Nationwide Teachers' Strike Paralyzes Libyan Schools as Unions Demand Major Economic Reforms
Libyan teachers have launched a nationwide open-ended strike to demand higher salaries, better working conditions, and a unified pay system amid a severe cost-of-living crisis.
International Advertising Authority Establishes Qatar Chapter to Boost Regional Creativity and Communications
The International Advertising Association has launched its new Qatar Chapter during IAA UNITE in London to strengthen the nation's status as a regional hub for creativity and communications.
Prime Minister Mostafa Madbouly Reviews Fertilizer Supplies and Distribution for Farmers
Prime Minister Mostafa Madbouly held a high-level meeting with key ministers to review strategies for securing agricultural fertilizer supplies and tightening distribution oversight for farmers.
Egypt Outlines Strategy to Build Human Capital and Power Transport Sector Expansion
The Ministry of Transport has unveiled a strategic vision to develop specialized human resources and establish the Egyptian International University for Transport Engineering and Technology to support the country's expanding infrastructure.
Iranian Oil Minister Mohsen Paknejad Resigns Amid Fuel Shortages and Export Pressures
Iranian Oil Minister Mohsen Paknejad has resigned amid mounting fuel shortages and severe export pressures, with Hamid Bovard stepping in as acting minister. President Masoud Pezeshkian accepted the resignation following infrastructure and supply challenges.
UAE and Saudi Arabia Non-Oil Sectors Power Through Regional Conflict with Robust Growth
The non-oil private sectors in the UAE and Saudi Arabia continued their strong expansion in September, successfully overcoming the economic impacts of the regional conflict.
Why Locally Manufactured Mobile Phones Are Facing New Price Hikes in Egypt
Locally manufactured mobile phones in Egypt are seeing price increases driven by rising global costs for imported components like RAM and ROM.
Egypt's Ministry of Petroleum Debunks False Reports on Gasoline Price Adjustments
Egypt's Ministry of Petroleum and Mineral Resources has dismissed rumors of a hike in gasoline prices, confirming that current rates remain unchanged and no official decisions have been made.
Middle East Crude Exports Rebound Past Pre-War Levels Despite Ongoing Regional Tensions
Provisional data shows Middle East crude exports exceeded pre-war levels on multiple days in late September, even as regional tensions and shipping disruptions persist.
Saudi Aramco Cuts Asian Crude Prices to Six-Year Low Amid Rebounding Oil Flows
Saudi Aramco has reduced its Arab Light crude prices for Asian buyers to a six-year low, offering a $5-per-barrel discount for November to boost sales as Middle East oil shipments recover.
Singapore Launches State-Backed Dating App to Combat Record-Low Birthrates
Singapore has introduced a government-backed dating app called FirstDate for public servants, utilizing a Nobel-winning algorithm in a new bid to tackle the nation's record-low birthrate.
US Energy Secretary Chris Wright Refuses to Rule Out Further Military Action Against Iran Amid Rising Energy Pressures
Energy Secretary Chris Wright stated that the Trump administration is maintaining both diplomatic and military options regarding Iran, while declining to rule out further regional escalation and addressing global energy market strains.
Egypt Sticking to Diplomacy in Nile Dam Dispute, PM Mostafa Madbouly Says
Egyptian Prime Minister Mostafa Madbouly stated that Egypt remains committed to a diplomatic solution regarding the Nile dam dispute with Ethiopia, while also defending the nation's infrastructure investments and economic growth.
Dubai CommerCity Launches Dh1.8 Billion Expansion to Accelerate Digital Economy Growth
Dubai CommerCity is launching a Dh1.8 billion expansion programme to grow its digital commerce ecosystem and support the Dubai Economic Agenda, D33.
Opec+ Maintains Oil Production Targets for November Amid Ongoing Market Review
Opec+ has kept its oil production targets unchanged for November, extending a pause after months of gradual increases while core members review market conditions.
Egypt and Tanzania Explore Expanded Bilateral Investment and Infrastructure Cooperation at Alamein-Africa Business Forum
Prime Minister Mostafa Madbouly met with Tanzanian Vice President Dewa Mwakasege Ndejembi at the Alamein-Africa Business Forum to discuss expanding economic, infrastructure, and healthcare cooperation.
Egypt Faces Inevitable 10-15% Hike in Gasoline and Diesel Prices, Official Warns
A senior official at the Federation of Egyptian Chambers of Commerce predicts an inevitable 10 to 15 percent increase in Egypt's gasoline and diesel prices due to rising global oil costs.