Economy
Business and economy news
1542 articles in this section
US and China Reach Landmark Agreement on Tariff Cuts and AI Dialogue Following Xi-Trump Summit
The US and China have agreed to reduce tariffs on $30 billion in goods and launch a new dialogue on artificial intelligence following a summit between President Xi Jinping and US President Donald Trump.
Egypt's Textile Sector Holds Strong Potential for Global Supply Chain Integration
Minister of Industry Khaled Hashem emphasized Egypt's textile sector potential for global integration and export growth during a tour of factories in 6th of October City.
Madrid Protest Draws Thousands Demanding Action Amid Spain’s Housing Crisis
Thousands of demonstrators protest in Madrid to voice their anger over Spain’s ongoing housing crisis.
Unlocking Al Dhaid: How Etihad Rail's New Station Will Transform Sharjah's Historic Oasis
The historic Sharjah oasis town of Al Dhaid is set to become an accessible cultural hotspot with the opening of a new Etihad Rail passenger station.
EU Pledges Over €710 Million in Global Humanitarian Aid to Address Crises in Africa and Beyond
The European Union has pledged over 710 million euros to support populations affected by conflicts, natural disasters, and crises worldwide, with a major focus on Africa, Ukraine, and the Middle East.
Trump Overturns Biden-Era Fuel Economy Standards to Lower Car Prices and Boost US Manufacturing
United States President Donald Trump has announced the rollback of Biden-era fuel economy standards, aiming to reduce vehicle prices and boost domestic manufacturing.
Zawiya Refinery Shutdown Triggers $95 Million in Losses for Libya's National Oil Company
Libya's National Oil Company reports $95 million in losses after shutting down a refining unit at the Zawiya site due to pipeline closures by armed groups.
Adnoc's XRG Advances Strategic Absheron Gas Field Development in Azerbaijan
Adnoc's investment unit XRG, alongside Socar and TotalEnergies, has reached a final investment decision for the next phase of the Absheron offshore gas and condensate field development in Azerbaijan.
S&P Doubles Oman's 2026 Growth Forecast to 3.5% Driven by Resilient Trade Logistics and Energy Sector
S&P Global Ratings has raised Oman's 2026 economic growth forecast to 3.5 per cent, supported by resilient trade logistics and an energy sector independent of the Strait of Hormuz.
Egypt's Fuel Pricing Committee Set to Review Petroleum Rates in October Amid Global Market Shifts
Egypt's Fuel Automatic Pricing Committee will meet in October to review petroleum product prices based on global oil trends and market stability, according to officials.
Egypt's MSMEDA Explores Strategic Partnership for Upcoming Arab-African Investment Summit
MSMEDA CEO Mostafa Hassan met with Arab Women Investors Union President Hoda Galal Yassa to discuss support for small businesses and upcoming participation in the Luxor investment summit.
Iraq's Economy Strained as Regional War Cuts Oil Revenues and Drives Up Prices
The ongoing US-Israeli war on Iran has severely disrupted Iraq's oil exports and supply chains, causing a multi-billion dollar revenue loss and placing immense pressure on the Iraqi dinar and local economy.
Iraq Engages US in Direct Talks for Humanitarian Exemptions on Iranian Flights Amid New Sanctions
Iraq is holding direct talks with the US to secure humanitarian exemptions for Iranian flights to airports like Najaf and Baghdad, following strict new treasury sanctions.
UAE's Four-And-A-Half-Day Workweek Boosts Happiness Despite Hectic Schedules, Study Reveals
A study shows UAE employees on four-and-a-half-day workweeks feel more motivated and enjoy better work-life balance, though many face increased stress to meet demands in less time.
Navigating Dubai Property Service Charges: Are You Paying Too Much?
Property experts examine how Dubai apartment and villa owners can determine if their service charges are fair and compliant with Rera regulations.
Syria Faces Decades of Reconstruction as Aid Chief Warns Current Support Falls Woefully Short
Syria faces a multi-decade recovery from civil war destruction, but international aid remains woefully insufficient amid global budget cuts and unprecedented crises, warns Prosper Global chief executive Tjada McKenna.
US Appeals Court Rules States Hold Authority to Regulate Prediction Markets in Blow to Kalshi
A US appeals court ruled that states have the power to regulate prediction markets like Kalshi, deepening a legal divide over gambling laws and oversight. Meanwhile, New York filed a lawsuit against Polymarket over unlicensed operations.
Examining the Global and Domestic Impact of a Proposed US Diesel Export Ban
Soaring diesel prices have prompted US leaders to consider a controversial export ban to lower domestic costs ahead of midterm elections, though experts warn it could backfire and drive up global fuel prices.
Iraqi Airports Ground All Flights to and From Iran Following New US Aviation Sanctions
Four major Iraqi airports have suspended all flights to and from Iran in compliance with new US aviation sanctions targeting companies doing business with Iranian carriers.
From Fetching Water for Tips to Earning Dh400,000: A Dubai Creator's Journey
Aaliya Lala shares her inspiring journey from earning tips by fetching water for roommates in Dubai to building a successful career as a travel content creator and entrepreneur earning up to Dh400,000 annually.
UN Expands West Bank Settlement Business List by One Third Amid Rising Tensions
The UN Office for Human Rights has expanded its list of companies operating in West Bank settlements by one third, adding 61 new firms including major travel and manufacturing brands.
Renowned Economist Mohamed El-Erian Praises UAE's Resilience Against Future Economic Shocks
Allianz chief economic adviser Mohamed El-Erian stated at the UN General Assembly that the UAE possesses the resilience, optionality, and agility needed to withstand future economic shocks and regional turbulence.
Iraqi Prime Minister Ali Al Zaidi Appeals to UN for Global Investment and Economic Reform
Prime Minister Ali Al Zaidi addressed the UN General Assembly to pitch his economic plans, anti-corruption campaign, and vision for regional cooperation, calling on the global community to invest in Iraq.
UK Regulators Shut Down Mysterious Firms Tied to US-Sanctioned Iranian Billionaire Babak Zanjani
UK regulators have dissolved two mysterious companies connected to US-sanctioned Iranian billionaire Babak Zanjani and his network of businesses.