Economy
Business and economy news
1542 articles in this section
Global LNG Giant Warns Qatar Supply Disruptions Will Stretch Into Winter Amid Soaring Prices
The head of Japan's Jera warns that supply disruptions from Qatar will likely persist into the winter, driving up global LNG spot prices and intensifying competition between Europe and Asia.
Trump Administration Considers Asking European Nations to Release Diesel Reserves to Combat Surging Prices
President Donald Trump stated that the US may ask European nations to release diesel reserves to help lower soaring diesel prices resulting from the war on Iran. The proposal follows record-breaking fuel prices in both the US and Europe.
US Imposes Fresh Sanctions on Russian FinTech Firm A7 Over Alleged Iran Evasion Network
The US Treasury Department has imposed new sanctions on the Russian financial company A7, accusing the firm of helping Iran evade international penalties through a complex network of third-party companies.
Dubai Schools Granted Flexibility to Adjust Timings to Combat Traffic Congestion
Dubai schools are now permitted to adjust their daily schedules to reduce traffic congestion, subject to approval from the Knowledge and Human Development Authority and parental support.
Adnoc's XRG Backs Argentina's Ambition to Become a Global LNG Powerhouse
Adnoc's investment arm, XRG, has committed to supporting Argentina's liquefied natural gas industry, expressing strong confidence in the Vaca Muerta shale deposit and President Javier Milei's economic reforms.
IMF to Review Potential Amendments to Lebanon's Bank Resolution Law
The International Monetary Fund will review any potential changes to Lebanon's bank resolution law to ensure compliance with international standards after the legislation was referred to the Constitutional Council.
Dubai Financial Services Authority Fines Vault Wealth Dh401,000 Over Unauthorised Transactions
The Dubai Financial Services Authority has fined wealth management firm Vault Wealth Dh401,000 for conducting unauthorized financial transactions from a DIFC office.
DP World Commits to Major Nigeria Port Projects Under $3B Africa Strategy
DP World has signed preliminary agreements for two major port and economic zone projects in Nigeria as part of its $3 billion investment strategy for Africa.
UAE Capital Market Authority Transforms into a Market Engineer to Drive Economic Growth
The UAE’s Capital Market Authority has evolved from a traditional market watchdog into a strategic 'market engineer,' collaborating with regulators in Abu Dhabi and Dubai to drive national economic diversification and global competitiveness.
Abu Dhabi Announces 2027 Completion for First Phase of Dh2.8bn Mid-Island Parkway
The first phase of Abu Dhabi's Dh2.85 billion Mid-Island Parkway is set to be completed in 2027, drastically cutting travel times between major islands.
Egypt Successfully Blocks Israeli Plans for Suez Canal Alternative, Says Deputy Prime Minister
Egypt's Deputy Prime Minister Kamel al-Wazir stated that the country has successfully monitored and countered plans for alternative trade routes like the Ben Gurion Canal, confirming the Suez Canal remains unmatched in efficiency.
Egypt's Ambitious 30-Million Tourist Goal: Can Infrastructure Keep Up with Demand?
As Egypt approaches its target of 30 million annual tourists, the industry faces critical infrastructure challenges regarding hotel capacity, airline seats, ground transport, and workforce development.
Egypt Revamps Its Gold Mining Sector as Global and Local Giants Expand Operations
Egypt is reshaping its gold exploration map by welcoming numerous global and local mining giants through updated regulatory policies and the open-area system. The initiative aims to significantly boost the mining sector's contribution to the national GDP.
Stuck Between Washington and Beijing: Can Europe Close Its Competitiveness Gap?
Europe is struggling to keep pace with the United States and China amidst mounting trade tensions and strategic dependencies. Closing this gap will require substantial reform and investment.
Netherlands Abandons Controversial Wealth Tax Plans to Prevent Investor Exodus
The Dutch government has scrapped its controversial wealth tax plans following warnings of an investor exodus, opting instead for a capital gains tax starting in 2028.
Manus on Markets: Navigating the Global Bond Market Turmoil and Breaking Financial Headlines
Manus Cranny examines the ongoing turmoil in the global financial system, focusing on severe challenges in the bond market alongside other major world headlines.
The Evolution of Private Credit: Key Trends Driving Market Growth and Innovation
As private credit experiences rapid growth driven by institutional capital and financial innovation, experts examine the emerging trends, structural developments, and risks shaping the market's future.
South Korea Exports Reach Historic Milestone Driven by Global Artificial Intelligence Boom
South Korea's exports soared to a record $120.9bn in September, driven by unprecedented global demand for artificial intelligence chips.
UAE Implements Mandatory Maritime Security Regulations to Enhance Cargo Safety
A new UAE shipping regulation has taken effect to enhance maritime security through advance cargo information filings managed by the National Advance Information Centre.
US Judge Approves Landmark $110bn Settlement Enabling Paramount's Acquisition of Warner Bros
A US judge has approved a settlement allowing Paramount to proceed with its $110bn acquisition of Warner Bros. despite antitrust concerns. The agreement includes theatrical quotas and measures to protect the editorial independence of networks like CNN and CBS.
Major Gas Pipeline Explosion in Syria Shuts Down Three Key Power Plants
A gas pipeline explosion in Syria has knocked three major power plants offline, sparking a massive fire and worsening the nation's severe electricity shortages.
US Shale Executives Warn Iran Conflict Creates Severe Long-Term Planning Hurdles
A recent Dallas Fed survey reveals that US shale executives are struggling with long-term financial planning and budgeting due to extreme market volatility caused by the ongoing Iran war.
US Fed Watchdog Clears Jerome Powell of Criminal Wrongdoing in Massive Renovation Project
A Federal Reserve watchdog report found no criminal wrongdoing or administrative misconduct in a costly renovation project that had faced heavy scrutiny from President Donald Trump.
Inside the Trump Administration's $27 Billion Private Investment Portfolio
The Trump administration has signed 39 deals valued at $27.7 billion since January 2025, taking equity stakes in private companies across sectors like technology, minerals, and defense to strengthen US national security.