Economy
Business and economy news
1542 articles in this section
Manchester Set to Replace London as Host for Prestigious Global Investment Summit
Manchester is heavily favored to host the spring 2027 Global Investment Summit instead of London, aligning with Prime Minister Andy Burnham's push to decentralize economic power to northern England.
Global Oil Prices Drop Below $100 Amid Hopes of Strait of Hormuz Reopening and Saudi Pipeline Restart
Oil prices dropped below $100 a barrel as expectations grew for the reopening of the Strait of Hormuz and the restart of Saudi Arabia's East-West pipeline.
Egyptian Expatriate Remittances Surge to $29.7 Billion in First Seven Months
Remittances from Egyptians working abroad surged by 28.1 percent to reach approximately $29.7 billion during the first seven months of 2026, according to the Central Bank.
PhonePe Expands Into UAE to Streamline Financial Services for Indian Expats
Indian digital payments firm PhonePe has received in-principle approval from the UAE Central Bank to launch retail payment and money transfer services in the Emirates, enhancing financial access for millions of Indian expats.
Saudi Arabia Resumes East-West Pipeline Operations Following Drone Attacks
Saudi Arabia has restarted operations at its East-West Pipeline following a previous shutdown caused by drone attacks, while oil exports through the Strait of Hormuz continue to ramp up.
New Zealand Eases UAE Travel Restrictions, Providing a Welcome Boost to the Recovering Tourism Sector
New Zealand has lowered its travel advisory for the UAE, providing a much-needed boost to the region's recovering tourism sector as visitor numbers rebound.
UAE Cracks Down on Fake Emiratisation with 377 Violations Detected in Private Sector
The UAE Ministry of Human Resources and Emiratisation has detected 377 fake Emiratisation cases across 266 private companies during the first half of 2026, prompting strict legal action and fines.
Egypt Prioritizes Welfare of Workers in Lebanon and Enhances Labor Partnerships
Egyptian Minister of Labor Hassan Raddad met with Ambassador-designate to Lebanon Tamim Khalaf to discuss enhancing worker protection and strengthening bilateral labor cooperation.
Wartime Desperation Fuels Deadly Gold Mine Collapses Amid Sudan's Economic Crisis
A tragic gold mine collapse in northern Sudan has killed at least 10 people, highlighting the severe safety risks and desperation driving workers into unregulated mining amid the country's ongoing economic crisis.
Examining the Casualties of the US-Canada Trade War
A short video report explores the individuals and groups affected as the US-Canada trade war unfolds.
Etihad Rail Tickets Now Available for Landmark Dubai-Abu Dhabi Route Starting at Dh39
Tickets for the new Etihad Rail service between Dubai and Abu Dhabi are now on sale ahead of the September 30 launch, with fares starting at Dh39.
How Communal Ovens Are Helping Displaced Families Survive in Gaza
Displaced Palestinian mothers in Gaza are relying on free communal ovens supported by the ICRC to bake bread and earn a modest income amidst severe shortages of food and cooking fuel.
Inside Nigeria's Refining Boom: Why Domestic Production Has Failed to Lower Fuel Prices
Despite the historic launch of the Dangote Petroleum Refinery and a sharp drop in fuel imports, Nigeria continues to grapple with high fuel prices and a cost-of-living crisis driven by market concentration and subsidy removal.
Why Market Record Highs Shouldn't Disrupt Your Long-Term Investment Strategy
Reaching record market highs often tempts investors to hold back their cash, but historical trends show that waiting for a market decline can be an expensive mistake.
World Food Programme Warns Maritime Chokepoint Disruptions Threaten Millions with Hunger Amid Rising Global Prices
The acting head of the World Food Programme warns that disruptions at three key maritime chokepoints are driving up global food and energy prices, threatening millions with hunger.
UAE Urges Robust Protection of Global Supply Chains to Secure World Food Security
UAE Minister of State Khalifa Al Marar warned at the UN that global supply chain disruptions could push up to 45 million people into acute food insecurity, urging stronger international protections.
US Threatens Global Grounding of Iranian Airlines with Secondary Sanctions Starting Wednesday
United States Treasury Secretary Scott Bessent announced that all Iranian airlines face a global grounding by Wednesday due to impending US secondary sanctions on foreign service providers.
Iran Implements Sweeping Remote Work and Energy-Saving Measures Amid Severe Economic Crisis
Iran has introduced remote work mandates, free public transport, and fuel price hikes as part of desperate energy-saving measures amid a severe economic crisis and US naval blockade.
US Treasury Threatens Secondary Sanctions to Ground Iranian Aviation Globally
US Treasury Secretary Scott Bessent has warned of secondary sanctions against global air providers dealing with Iranian airlines, threatening to cut off non-compliant companies from the US dollar system.
Abu Dhabi Labour Court Successfully Recovers Dh7.8 Million for Hundreds of Workers
The Abu Dhabi Labour Court recovered Dh7.8 million in unpaid wages for 948 workers through collaborative efforts with the Ministry of Human Resources and Emiratisation, ensuring job retention and financial recovery.
Bitcoin Soars to Eight-Month High, Surpassing $85,000 Amid Strong Institutional Demand
Bitcoin prices climbed to an eight-month high above $85,000 on Monday, bolstered by strong ETF inflows, institutional demand, and improving market sentiment.
US-Israel War Halts Oil and Gas Sector, Crushing Iran's GDP by 10 Percent
Iran's GDP has contracted by 10.1 percent amid the US-Israel war, driven by a severe collapse in oil and gas exports as Washington tightens economic and naval pressure.
UK Opposition Pledges to Restore Tax-Free Shopping to Revive High Streets
The UK Conservative party plans to restore tax-free shopping for overseas visitors to boost high street spending and attract international tourists back to Britain.
Qatar Announces Fourth Real Estate Forum 2026 to Showcase Sector Transformation and Investment Opportunities
The Real Estate Regulatory Authority (Aqarat) has announced that the fourth Qatar Real Estate Forum 2026 will take place from October 27 to 29 at the Doha Exhibition and Convention Center to discuss sector transformation and investment opportunities.