Economy
Business and economy news
1542 articles in this section
US Investors Rush to Enter Syria as Transitional Government Drives Pro-Business Reforms
US investors are moving quickly to enter Syria as the transitional government enacts pro-business reforms and re-establishes ties with the international financial system following the lifting of US sanctions.
Escalating Conflict: Houthis Target Saudi Energy Facility as Yemen Fighting Intensifies
Yemen's Houthi rebels claim a missile and drone attack on a Saudi Aramco facility in Riyadh as fighting between the group and the Saudi-led coalition intensifies following the collapse of a 2022 truce.
Fleeing Xenophobia in South Africa, Displaced Zimbabweans Face Hardships Upon Returning Home
Thousands of Zimbabweans fleeing anti-immigrant hostility and deadlines in South Africa are struggling to rebuild their lives and livelihoods back home amid economic hardship and scarce support.
Housing Crisis Sparks Mass Protests Across Spain Following Parliamentary Rejection of Emergency Relief
Tens of thousands of demonstrators took to the streets across Spain to demand affordable housing reforms after parliament rejected an emergency relief package proposed by Prime Minister Pedro Sanchez's government.
G7 Agrees to Release 100 Million Barrels of Emergency Oil and Diesel Reserves to Combat Surging Prices
The G7 has agreed to release 100 million barrels of emergency oil and diesel reserves to combat soaring global energy prices driven by ongoing conflicts. Leaders hope the coordinated release will stabilize the market, though experts debate its long-term impact on fundamental supply shortages.
Experts Call for Gulf Ecological Union Following Severe Environmental Damage Caused by Iran War
A new study reveals unprecedented ecological damage across the Gulf region due to the Iran war, prompting experts to urge the formation of an environmental union for restoration efforts.
Dubai Property Dilemmas: EV Chargers in Rented Villas and Lost Off-Plan Views
Dubai property experts address common tenant and buyer dilemmas, exploring who pays for villa EV charger installations and whether off-plan buyers are protected when promised views change.
Prime Minister Mark Carney's Economic Overhaul Sparks Fierce Resistance from Canada's Labour Unions
Prime Minister Mark Carney's new economic legislation, Bill C-39, has ignited a fierce backlash from Canadian labour unions over proposed limits on the right to strike amid ongoing trade tensions with the United States.
Iraq Approves 40 Daily Flights from Iran to Najaf Following US Sanctions Exemption
Iraq has permitted Iranian airlines to operate up to 40 daily flights to Najaf International Airport after securing a sanctions exemption from the United States.
California Spearheads 26-State Lawsuit Challenging Trump Administration Fuel Efficiency Rollback
Twenty-six states led by California filed a lawsuit against the Trump administration's decision to lower fuel economy standards for petrol-powered vehicles. Environmental groups launched a separate legal challenge, while automakers welcomed the policy shift.
Trump Announces European Agreement to Release Massive Diesel Reserves
Trump announces that Europe has agreed to release a massive amount of diesel reserves, according to a recent video report.
Iraq Approves 40 Daily Flights for Iranian Airlines to and from Najaf
Iraq has authorized 40 daily flights for Iranian airlines, excluding Mahan Air, to and from Najaf International Airport following a US sanctions exemption.
UAE and Syria Forge Strategic Financial Partnership to Boost Economic Growth
The Central Bank of the UAE and the Central Bank of Syria have signed a preliminary agreement to deepen financial co-operation, supporting Syria's economic recovery and development.
G7 Nations Agree to Release 100 Million Barrels of Strategic Reserves to Stabilise Fuel Markets
G7 nations have agreed to immediately release 100 million barrels of diesel and other strategic reserves through the International Energy Agency to help stabilize soaring global energy markets.
US Job Growth Cools Significantly as Unemployment Rises Ahead of Midterm Elections
US job growth slowed significantly in September as the unemployment rate rose to 4.2 percent, falling short of expectations in the final employment report before the midterm elections.
G7 Pledges Strategic Oil Reserve Release as Trump Welcomes European Diesel Agreement
The G7 has announced a strategic oil and diesel reserve release following soaring energy prices amid the US-Israel conflict with Iran, as US President Donald Trump hailed a new European diesel agreement.
US Pressures Europe to Tap Emergency Diesel Reserves Amid Soaring Fuel Prices and Straining Relations
European Union officials held emergency discussions after the Trump administration pressured European nations to release their strategic diesel stocks to combat soaring fuel prices ahead of the US midterm elections. The mounting pressure has further strained US-EU relations amidst ongoing conflicts in the Middle East and Ukraine.
Etihad Rail Expands Abu Dhabi and Dubai Train Services Following High Demand
Etihad Rail has added extra train services and over 2,000 tickets between Abu Dhabi and Dubai following exceptional early demand for the new passenger route.
Chinese-Owned Jaecoo 7 Surges Past Tesla to Become UK's Most Popular New Vehicle
The Chinese-manufactured Jaecoo 7 has surged past the Tesla Model 3 to become the top-selling new vehicle in the UK amid a broader boom in electrified car registrations.
Egypt Reaches Six-Year High in Foreign Reserves Driven by Surge in Remittances
Egypt's foreign reserves reached a six-year high of $31.2 billion in August 2026, driven by a significant surge in remittances from citizens living abroad.
US Expands Sanctions to Target Iran's Automotive Giants and Railway Operators
The US Treasury has imposed sanctions on Iran's leading car manufacturers and railway operators, shifting its economic pressure campaign from maritime shipping to land-based transport networks.
Alarming Melt: Switzerland Loses Nearly 20 Percent of Its Glacial Ice in Five Years
A new report reveals that Switzerland has lost nearly 20 percent of its glacial ice in just five years, driven by record-high temperatures and low snowfall.
Severe European Drought and Heatwave Cost Agriculture $3.6 Billion
A severe summer heatwave and drought across Europe have caused an estimated $3.6 billion in agricultural losses, heavily impacting grain production and driving up farming costs.
Dubai Launches UAE's First Escrow-Backed Marketplace for Multi-Million Dirham Number Plates
Dubai is introducing the UAE's first escrow-backed online marketplace called Mazal to secure and streamline the multi-million dirham trading of premium vehicle number plates.