Economy
Business and economy news
1542 articles in this section
UAE's Badr Jafar Receives Prestigious Changemakers Award at UN General Assembly
Badr Jafar, the UAE's Special Envoy for Business and Philanthropy, received the Changemakers Award at the 81st Session of the UN General Assembly for his decades of work bridging the public and private sectors.
Asian Infrastructure Investment Bank Kicks Off Doha Annual Meeting With Ambitious 2030 Financing Goals
The Asian Infrastructure Investment Bank launched its 11th Annual Meeting in Doha, revealing plans to double its annual financing to $20 billion by 2030.
Airtel Money Eyeing Middle East Partnerships and Future UAE Dual Listing After London IPO
Airtel Money's chief executive Ian Ferrao discusses upcoming plans for a London Stock Exchange IPO, potential future UAE dual listings, and future Middle East technology partnerships.
Egypt Rolls Out Public Operations for the Second Phase of the Greater Cairo BRT Project
The Egyptian Transport Ministry has launched public operations for the second phase of the BRT project, extending Greater Cairo's modern electric transit network from Ain Sokhna Road to Sun Capital.
Qatar Prolongs LNG Force Majeure Amid Strait of Hormuz Disruptions Threatening Winter Supplies
Qatar has extended LNG shipment cancellations by another month as disruptions in the Strait of Hormuz threaten winter energy supplies in Europe and Asia.
JD.com's Jingdong Property to Build Major Logistics Hub in Abu Dhabi's Kezad Creating 1,000 Jobs
Jingdong Property is set to build a 150,000-square-metre logistics and warehousing complex in Abu Dhabi’s Kezad, creating around 1,000 direct jobs by 2028.
Keeta Celebrates Rapid Nationwide Growth and Community Impact on First Anniversary in the UAE
Keeta celebrates its first anniversary in the UAE, marking rapid nationwide expansion, strong merchant partnerships, enhanced rider wellbeing initiatives, and deep community engagement across all seven emirates.
Global Oil Prices Spike as President Donald Trump Rejects Iran's Proposal to Open Strait of Hormuz
Oil prices jumped past $107 a barrel after US President Donald Trump rejected an Iranian proposal to reopen the critical Strait of Hormuz. The ongoing conflict continues to disrupt global markets and commercial shipping in the region.
Egyptian Tourism Minister Sherif Fathy Drives Cooperation and Direct Flights During Tokyo Talks
Egyptian Minister of Tourism and Antiquities Sherif Fathy met with Japanese tour operators in Tokyo during Tourism Expo Japan 2026 to boost bilateral tourism, enhance direct flights, and develop new travel programs.
Prime Minister Mostafa Madbouly Directs Strict Monitoring of Bread and Subsidized Goods in Meeting with Minister Sherif Farouk
Prime Minister Mostafa Madbouly met with Supply and Internal Trade Minister Sherif Farouk to review essential commodity supplies, subsidized bread distribution, and ongoing price reduction initiatives.
Alexandria Port Welcomes Cruise Ship MEIN SCHIFF 5 with Over 3,500 Passengers
The Alexandria Port Authority welcomed the cruise ship MEIN SCHIFF 5 on September 27, 2026, carrying 3,502 passengers and crew members for a tour of historical landmarks in Egypt.
Prime Minister Mostafa Madbouly Reaffirms Commitment to Expanding Urban Green Spaces Across Egypt
Prime Minister Mostafa Madbouly inspected ongoing afforestation projects in Cairo to advance presidential directives aimed at expanding urban green spaces and improving the environment across Egypt.
Egypt Sees Sharp Decline in Birth Rates as Surging Cost of Living Reshapes Families, CAPMAS Reports
A recent CAPMAS report reveals an 18.2 percent decline in Egypt's average fertility rate, driven largely by mounting economic pressures and the rising cost of living.
Etihad Rail Launches Ticket Bookings for New Routes Connecting Dubai, Abu Dhabi, and Fujairah
Etihad Rail has opened ticket bookings for its new passenger train services connecting Dubai, Abu Dhabi, and Fujairah ahead of the official launch on Wednesday, September 30.
US and China Reveal Targeted Goods for Tariff Cuts Following Trump-Xi Summit
The United States and China have released lists of goods recommended for tariff reductions following the summit between Presidents Donald Trump and Xi Jinping. The agreement targets $60bn in bilateral trade to foster fairer economic cooperation.
Catastrophic Floods Devastate Nepal's Peak Tourism Season, Leaving Local Businesses Struggling
Catastrophic floods in Nepal have severely impacted the country's crucial tourism sector, leading to widespread cancellations and leaving local business owners struggling as the peak season begins.
Oil Prices Surge as US-Iran Peace Talks Stall and Strait of Hormuz Standoff Continues
Oil prices climbed as peace negotiations between the US and Iran reached a stalemate, with efforts to reopen the Strait of Hormuz remaining unresolved.
Beyond Prosecution: Why Asset Recovery and Victim Compensation Must Drive the Global Fight Against Financial Crime
Effective financial crime fighting requires more than just prosecutions; it demands aggressively recovering illicit assets and returning stolen funds to victims.
Dubai’s Sobha Realty Launches $600 Million US Housing Expansion in Texas
Dubai-based Sobha Realty is investing $600 million to build 700 homes in Texas as part of its expanding operations in the United States.
Navigating the Global Energy Crisis: Is Libya's Strategic Boom a Trap or an Opportunity?
As the global energy crisis boosts demand for alternative supplies, Libya faces a critical choice between capitalizing on its vast oil and gas reserves or falling deeper into domestic energy insecurity and the resource curse.
Strait of Hormuz Standoff Deepens as US Rejects Iranian Deal and Tensions Escalate
Tensions in the Strait of Hormuz remain high as explosions echo through the waterway following US President Donald Trump's rejection of Iran's diplomatic proposals. Both nations continue strategic maneuvers amid an ongoing naval blockade and disrupted shipping routes.
Iraq Begins Importing Petrol via Syria in US-Backed Push to Strengthen Regional Ties
Iraq has started importing petrol through Syria via an overland trade route, marking a US-backed effort to strengthen bilateral ties and bypass trade disruptions.
Empty Hands and Fraying Safety Nets: Displaced Palestinians Struggle to Survive After Camp Evictions
Displaced Palestinians from the Jenin, Tulkarem, and Nur Shams refugee camps struggle with severe poverty, looming evictions, and a lack of medical care nearly two years after being forced from their homes.
Dubai Implements Strict Peak-Hour Lorry Bans on Sheikh Zayed Road and Key Routes Starting October 1
Dubai is set to implement rush-hour lorry bans on Sheikh Zayed Road and other major routes starting October 1 to reduce traffic congestion and improve road safety.