Economy
Business and economy news
1542 articles in this section
US President Trump Set to Announce Massive $200bn Energy Investment Deal with South Korea
US President Donald Trump is set to announce $200bn in strategic energy investments from South Korea, including a major LNG project in Alaska and facility developments in Texas.
Unicef Warns That One in Five Lebanese Households Face Hunger Amid Deepening Crisis
Unicef reports that children in one in five Lebanese households are going to bed hungry as conflict worsens an already severe economic crisis, leaving thousands out of school and facing psychological distress.
Ajman Launches Pilot Initiative to Regulate Shared and Bachelor Accommodation
Ajman has initiated a pilot program in five key areas to regulate shared and bachelor housing, aiming to improve building efficiency and residential safety.
Ajman Launches Pilot Initiative to Regulate Bachelor and Shared Housing Across Five Key Areas
Ajman has launched a pilot initiative in five key areas to regulate bachelor and shared accommodation, aiming to improve residential safety and urban planning.
Your Complete Guide to Commuting Between Dubai and Abu Dhabi via Etihad Rail
Discover how to commute seamlessly between Dubai and Abu Dhabi using the new Etihad Rail service, including station access, parking, and last-mile travel options.
Strait of Hormuz Oil Flows Recover as Iran Faces Mounting Economic Pressure and US Blockade
Oil traffic through the Strait of Hormuz is steadily recovering, potentially reducing Iran's geopolitical leverage as Tehran faces severe economic sanctions and a US naval blockade.
From Abraham Accords to Aviation Boom: How Dubai Became a Top Destination for Israeli Travelers
Driven by the 2020 Abraham Accords, Dubai has become a premier international destination for Israeli travelers, with millions flying between Tel Aviv and Dubai annually.
Abu Marawat Gold Mines Set to Launch Production by Next Year Amid Sector Growth
Abu Marawat Gold Mines announced it is preparing to begin production by next year, with actual output scheduled for 2027, driven by streamlined processes in Egypt's mining sector.
Singapore's Temasek Expands Into the Middle East With New Offices in the UAE and Saudi Arabia
Singapore's Temasek Holdings plans to open strategic offices in Abu Dhabi and Riyadh by 2027 to tap into the resilient Middle Eastern investment market.
Emirates Global Aluminium and Gulftainer Partner to Expand UAE East Coast Exports
Emirates Global Aluminium has partnered with Gulftainer in a major agreement to increase aluminium exports through the UAE's East Coast, enhancing supply chain resilience and bypassing potential disruptions in the Strait of Hormuz.
Strait of Hormuz Oil Flows Resume Despite Conflict, but Experts Question Long-Term Viability
Despite US military escorts and innovative supply routes helping restore oil flows through the Strait of Hormuz, analysts warn that dwindling global inventories and rising attacks make the current status quo unsustainable.
Aldar and Arada Forge Dh15bn Partnership to Launch Major Developments in Abu Dhabi
Aldar and Arada have formed a Dh15 billion partnership to develop a major mixed-use community at Seih Sdeirah and residential plots on Yas Island in Abu Dhabi.
UAE Fuel Prices Surge by Up to 16% in October Amid Continued Global Oil Market Pressures
UAE petrol prices will rise for the third consecutive month in October, driven by elevated global oil markets and ongoing geopolitical tensions. Consumers will see increases of up to 16.6 per cent across various fuel grades.
Tens of Thousands of French Public Workers Strike Over Pay Cuts as Student Protests Turn Violent
Tens of thousands of civil servants marched across France to protest pay freezes and budget cuts, while separate student demonstrations over school conditions resulted in clashes and hundreds of detentions.
Why the Global Humanitarian System Must Look Beyond Emergency Aid
With traditional aid budgets declining amid protracted global conflicts, experts argue that emergency assistance must be complemented by strategic private investment and philanthropy.
US Consumer Confidence Drops to Lowest Level Since 2014 Amid Rising Prices Ahead of Midterm Elections
US consumer confidence has fallen to its lowest level since 2014 as rising prices for goods and services weigh on sentiment ahead of the congressional midterm elections.
US Implements $1bn Import Ban on Canadian Goods Amid Escalating Trade Tensions under President Donald Trump
The United States has enforced a ban on nearly $1bn of Canadian imports in retaliation for Canadian tariffs, further escalating trade tensions between Washington DC and Ottawa.
Madrid Residents Grapple with Spain's Escalating Housing Crisis
Locals in Madrid are feeling the heavy impacts of Spain's ongoing housing crisis, as captured in a recent video report.
US Releases Final Batch of Emergency Oil Reserve to Combat Surging Fuel Prices
The US announced the release of up to 40 million barrels of crude oil from its emergency stockpile to combat surging fuel prices resulting from the Iran war.
UAE and Egypt Renew Dh5 Billion Currency Swap Deal to Boost Bilateral Trade
The UAE and Egypt have renewed their Dh5 billion currency swap agreement for another five years to enhance trade relations, financial co-operation, and economic stability.
US Steel Megaplant Backed by Indian Conglomerate With Deep Russian Ties Highlights Sanctions Loophole
A $15bn US steel megaplant announced by President Donald Trump is being built by an Indian firm with deep historical ties to Russian energy investments, highlighting ongoing complexities in international economic sanctions.
Will China or the West Shape the Course of the 21st Century?
A deep-dive video discussion explores the global power struggle to determine whether China or the West will define the 21st century.
Abu Dhabi Accelerates Dh240 Billion Vision to Become a 15-Minute City
Abu Dhabi is investing Dh240 billion over the next decade into infrastructure and smart-city plans to transform the capital into a 15-minute city.
Iraqi Airways to Restart Iran Flights After Receiving US Waiver
Iraqi Airways plans to resume flights to Iran in October after securing a US sanctions waiver for routes between Najaf International Airport and Iranian airports, following a brief suspension caused by pressure from Washington.