Economy
Business and economy news
1542 articles in this section
Prime Minister Mostafa Madbouly and CBE Governor Hassan Abdalla Review Economic Reforms and FX Reserves
Prime Minister Mostafa Madbouly met with CBE Governor Hassan Abdalla on Sunday, September 20, 2026, to discuss economic reforms, foreign exchange reserves, and monetary stability mechanisms.
Inside Aliko Dangote's Mega Refinery: Transforming Nigeria's Energy Future and Empowering Africa
Nigerian billionaire Aliko Dangote discusses the monumental challenges of building his landmark refinery, which aims to reduce fuel imports, boost African self-sufficiency, and create wealth for citizens.
Strait of Hormuz Vessel Traffic Plummets as Middle East Tensions Escalate
Vessel traffic through the Strait of Hormuz and Bab Al Mandeb has dropped sharply amid escalating Middle East tensions and rising security threats to commercial shipping.
Cosmo Developments Launches Dh6 Billion 'The Wadi' Mixed-Use Project on Yas Island
Cosmo Developments has launched The Wadi, a Dh6 billion mixed-use residential project on Yas Island featuring 3,950 units and nature-led design.
Oil Prices Drop Amid Hopes UN Diplomacy Could Ease US-Iran Conflict
Oil prices fell to a one-week low on Monday as growing diplomatic optimism at the UN General Assembly raised hopes for a potential end to the US-Iran conflict.
Abu Dhabi Developer Eagle Hills Partners with Maldives for Massive $20 Billion Waterfront and Marina Mega-Project
Abu Dhabi developer Eagle Hills has agreed to build a $20 billion waterfront and marina project in the Maldives to boost foreign investment and tourism. The massive development in Ras Male will feature luxury residences, hotels, and a world-class marina.
Abu Dhabi’s IHC Confirms Fount Trust as Ultimate Parent Following Ownership Restructure
Abu Dhabi’s International Holding Company has confirmed Fount Trust as its ultimate parent following a corporate restructure designed to provide long-term ownership continuity.
Qatar Prime Minister Warns of Regional "Earthquake" and Shifts Investment to $38bn Infrastructure Plan
Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani warned of the severe geopolitical and economic fallout from the US-Israel war on Iran while announcing a new $38bn domestic infrastructure investment plan.
US and China Launch High-Level Economic Talks Ahead of Trump-Xi Summit
US and Chinese economic officials have launched high-level negotiations in New York City to address trade, artificial intelligence, and critical minerals ahead of an upcoming presidential summit.
Qatar Unveils $60 Billion Investment Strategy, AI Ambitions, and Energy Outlook at New York Forum
Qatar unveiled a $60 billion investment pipeline, new artificial intelligence ambitions, and energy updates during the Qatar Economic Forum in New York.
US Tariffs Stalls Canadian Dairy Exports and Threatens Farmers
US tariffs and stalled sales have severely impacted Canadian dairy farmers, prompting retaliatory measures from Ottawa amid growing economic uncertainty.
Inside Huawei's Landmark US Criminal Trial Amid Rising Tech Tensions
Chinese tech giant Huawei is facing a landmark criminal trial in New York as US prosecutors accuse the company of running a criminal enterprise involving trade secret theft and sanctions violations.
Qatar Unveils $60 Billion Investment Strategy and Launches Doha Investment Platform at New York Forum
Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced a $60 billion domestic investment pipeline and launched the Doha Investment platform during the Qatar Economic Forum in New York.
Sharjah-Oman Logistics Corridor Sees 66% Trade Surge Amid Strait of Hormuz Disruptions
The value of goods moving through the Sharjah-Oman logistics corridor jumped over 66% in three months as shippers bypass the Strait of Hormuz amid the Iran war.
UAE Delivers 781 Tonnes of Aid and Water Tankers to Gaza Amid Ongoing Crisis
The UAE has delivered another 781 tonnes of essential food and shelter supplies, along with nine water tankers, to support Palestinian communities in the Gaza Strip.
Postponing the Future: How War and Inflation are Reshaping Marriage in Iran
Soaring inflation, economic sanctions, and war have driven up the costs of housing and weddings, forcing young couples across Iran to delay their futures and put marriage plans on hold.
Etihad Rail and Abu Dhabi Ports Launch Direct Freight Service Between Fujairah and Abu Dhabi
Etihad Rail and Abu Dhabi Ports have launched a direct cargo rail service connecting Fujairah Terminals to the Industrial City of Abu Dhabi to improve supply chain efficiency and reduce road traffic.
How First Iraqi Bank is Transforming Iraq's Cash-Driven Economy Through Digital Banking
First Iraqi Bank is reshaping Iraq's cash-driven economy by introducing digital banking services, reaching over one million customers, and expanding financial inclusion.
Egypt's Electricity Minister Explores Advanced Desalination Partnership with HydroVolta
Egyptian Electricity Minister Mahmoud Esmat met with HydroVolta President George Brik to discuss seawater desalination cooperation, green energy integration, and advanced water treatment technologies.
Agriculture Minister Alaa Farouk Directs Urgent Food Aid and Infrastructure Support to Kalabsha Village in Aswan Governorate
Agriculture and Land Reclamation Minister Alaa Farouk ordered an emergency food aid convoy and technical support team to Kalabsha village in Aswan Governorate to assist 750 families.
President Sisi Praises EgyptAir as National Carrier Breaks into Global Top 50 with Skytrax Honor
Egyptian President Abdel Fattah al-Sisi congratulated EgyptAir after the national carrier climbed to 46th place globally and won the "World's Most Improved Airline" award for 2026 by Skytrax.
Abu Dhabi Announces Dh6 Billion 'The Wadi' Community on Yas Island Amid Major Expansion
Cosmo Developments has announced The Wadi, a Dh6 billion residential community on Yas Island featuring nearly 4,000 homes, waterfront spaces, and proximity to upcoming mega-attractions like Disney and Sphere Abu Dhabi.
Dubai Completes Major Oud Metha Road Project to Cut Travel Times and Ease Congestion
Dubai has completed the Oud Metha Road and Al Asayel Street expansion project to drastically cut travel times and boost traffic capacity. The initiative is part of ongoing efforts by the Roads and Transport Authority to upgrade infrastructure amid a growing population.
Venezuela Partners with TotalEnergies in Major Drive to Boost Foreign Energy Investment
Venezuela has signed an energy cooperation agreement with France’s TotalEnergies as part of a wider government campaign to draw foreign investment into its oil and gas sector.