Economy
Business and economy news
1542 articles in this section
QatarEnergy Expands African Footprint with Significant Stake in Namibian Offshore Oil Block
QatarEnergy is expanding its global reach by acquiring a 25% stake in a Namibian offshore oil block from Chevron. This move is part of Qatar's strategy to diversify its energy footprint and capitalize on significant oil and gas discoveries in the region.
Egypt and India Forge Deeper Ties: Focus on Startup Ecosystem and Innovative Financing
Egypt and India are strengthening their strategic partnership by focusing on innovative financing and startup support. Discussions included leveraging India's expertise in digital infrastructure and FinTech, with plans for a large Indian investment delegation to visit Egypt.
Oil Prices Dip as Trump Signals De-escalation with Iran, Geopolitical Risk Premium Shrinks
Oil prices fell as President Trump indicated a de-escalation with Iran, reducing geopolitical risk premiums. However, ongoing attacks in the Strait of Hormuz continue to threaten supply routes.
Global Greenhouse Gas Emissions Continue to Rise: Key Emitters and Industries Revealed
Global greenhouse gas emissions continue to rise, with the power industry, manufacturing, and transport sectors being the largest contributors. China, the United States, and India are the top emitting countries, though historical data shows the US has produced the most CO2 since the 18th century.
GCC Railway Project Gains Momentum: A New Era for Gulf Connectivity and Security
A milestone agreement on a GCC railway project signed in Bahrain offers an opportunity to turn a regional ambition into reality. The project has gained renewed significance due to geopolitical tensions and the need for diversified transport networks, aiming to connect the Gulf by 2030.
Asian Markets Rally Following Tech Sell-off and US Midterm Election Uncertainty
Asian stock markets have rebounded strongly after a tech sell-off linked to US midterm election results and an investigation into Nvidia's CEO. Major indices in Japan, South Korea, Taiwan, and Hong Kong saw substantial gains.
Middle East at a Crossroads: Echoes of the Bronze Age and the Choice Between Collapse and Resilience
The Middle East faces a critical choice, drawing parallels to the Bronze Age collapse, between succumbing to fragmentation or building resilience. The region must learn from historical patterns of interconnectedness and collapse to navigate current global challenges.
Moldova Secures Energy Independence with New Power Line to Romania, Shifting Away from Russian Reliance
Moldova has launched a new power line to Romania, significantly reducing its reliance on Russian energy and enhancing its connection to the European grid. This move is part of a broader effort to achieve energy independence amidst regional geopolitical tensions.
Qatar Seals Historic GCC Railway Deal to Boost Regional Integration and Connectivity
Qatar has signed a landmark agreement with other GCC member states to establish an integrated railway network, aiming to strengthen regional connectivity, facilitate trade, and boost economic integration across the Gulf.
GCC Railway Agreement Signed: A New Era of Connectivity and Security for the Gulf
A milestone agreement on a GCC railway project has been signed in Bahrain, offering a tangible opportunity to connect six Gulf countries by 2030. The project aims to enhance regional connectivity, economic security, and resilience, particularly in light of geopolitical tensions.
UAE Trade Surges to Record Dh3 Trillion in Nine Months Amidst Global Challenges
The UAE's foreign trade has reached nearly Dh3 trillion in the first nine months of the year, marking a 10 percent annual increase driven by strong export growth despite global economic and geopolitical challenges. This surge highlights the UAE's resilience and its position as a major international trade hub.
AI Market Turmoil Serves as Stark Reminder: Diversification is Key for Investors
A significant market downturn driven by AI stock declines is reminding investors of the critical importance of diversification. Experts advise a balanced portfolio across various asset classes to mitigate risks associated with concentrated investments in technology.
Six Gulf Nations Greenlight 2,100km Railway Network, Paving Way for Enhanced Connectivity
Six Gulf nations have signed an agreement to develop a 2,100km railway network, aiming to enhance travel and trade across the region. The project, a decade in the making, is seen as a significant investment in the future connectivity and prosperity of the Gulf states.
LuLu Hypermarket and MOCI Unite to Spotlight Qatari Products During National Product Week 2026
LuLu Hypermarket Qatar, in collaboration with the Ministry of Commerce and Industry, has launched National Product Week 2026 to promote and support locally made Qatari products. The initiative aims to increase consumer choice of homegrown brands and boost the national economy.
DHL Global Forwarding Fortifies UAE Network Amid Regional Tensions and Investment Commitments
DHL Global Forwarding is increasing its operations in eastern UAE to ensure agility amid regional uncertainty, reaffirming its €500 million investment commitment for the Gulf. The company is also strengthening its partnership with Etihad Rail to enhance the UAE's freighter network.
Trump's Critical Minerals Strategy Faces Scrutiny Amid Industry Concerns
Despite facing congressional scrutiny over potential conflicts of interest, the Trump administration's strategy to reduce reliance on China for critical minerals is expected to continue, with significant investments made in various companies. Experts emphasize the strategic importance of these minerals for national security, urging continued support for the sector.
France Gripped by Nationwide Protests: Over 140,000 Demand Action on Cost of Living Crisis
Over 140,000 people rallied across France for the fourth consecutive weekend to protest the rising cost of living and fuel prices, leading to clashes with police in Paris and Lyon. The demonstrations, supported by various workers and led by students, occur ahead of the upcoming presidential election.
Ousted Paraguayan President Santiago Pena Charged in Major Banking Scandal
Former Paraguayan President Santiago Pena has been charged with breach of trust and administration for personal gain in connection with a banking scandal involving the digital bank Ueno. The collapse of Ueno has led to widespread protests and left millions unable to access their savings.
AI Stocks Rebound After Massive $2.5 Trillion Sell-Off, But Investor Doubts Linger
AI stocks experienced a rebound after a significant $2.5 trillion market value wipeout, though investor concerns persist regarding the impact of US midterm election results on AI investment and infrastructure spending.
Abu Dhabi Real Estate Soars: Transactions Hit Dh171bn in First Nine Months of 2026
Abu Dhabi's real estate sector has experienced a significant boom, with transaction values soaring by over 76% to Dh171.26 billion in the first nine months of 2026. This growth is attributed to sustained momentum, strong foreign investment, and supportive market frameworks, despite regional uncertainties.
Egypt's Foreign Currency Reserves Hit Record High of $57.50 Billion
Egypt's foreign currency reserves have reached an all-time high of US$ 57.50 billion by the end of October, according to Central Bank of Egypt Governor Hassan Abdallah. This growth coincides with declining inflation and the banking sector's net foreign assets reaching their highest level since 2011.
Soaring Fuel Prices Drive Surge in China's E-bike Popularity
China's electric bicycle market is experiencing a substantial surge in demand, driven by escalating fuel prices. Consumers are increasingly opting for e-bikes as a more affordable and eco-friendly mode of transportation.
President Peña Under Military Guard Amidst Paraguayan Bank Collapse Turmoil
President Santiago Peña of Paraguay has been placed under military protection amid the chaos following a significant bank collapse. The incident has created turmoil and heightened security concerns for the nation's leader.
The Coming Abundance: How New LNG Supply Will Reshape the Global Gas Market
New LNG supply from the US Gulf Coast and Qatar is set to shift the market from scarcity to abundance, forcing producers, buyers, and traders to adapt to increased competition and complexity.