Economy
Business and economy news
1542 articles in this section
Inside a Family's Dh200,000 Four-Bedroom Villa in Layan's Swanky Suburbs
Take a look inside events company owner Catherine McEvoy's four-bedroom rented villa in Layan, where she lives with her family and pets for Dh200,000 a year.
Cuba Struggles to Restore Power Following Another Devastating Nationwide Blackout
Cuba is gradually restoring power following a massive nationwide blackout, the latest in a series of severe energy failures driven by aging infrastructure and an ongoing blockade.
Skyrocketing Car Prices Expose the Harsh Reality of Iran's Economic Crisis
An economic crisis and soaring car prices in Iran have left citizens struggling to afford vehicles, highlighting a broader cost-of-living emergency.
Sharqiya Governorate Enforces Strict Total Ban on Tree Cutting to Preserve Green Spaces
Governor Hazem al-Ashmouny has issued a total ban on tree cutting across Sharqiya to protect the environment, expand green spaces, and combat pollution.
How Africa’s Green Revolution and Monoculture Promotion Threaten Traditional Crops and Food Security
New research shows that AGRA's Green Revolution and promotion of maize monocultures are threatening resilient traditional African crops like millet, cassava, and sorghum, undermining food security and agricultural diversity.
Egypt to Host Alamein Africa Forum to Boost Continental Business Partnerships
Egyptian Foreign Minister Badr Abdelatty and Afreximbank President George Elombi met to discuss preparations for the upcoming Alamein Africa Forum, which aims to drive cross-border partnerships and economic integration across the continent.
Egypt Petroleum Sector Achieves 63 New Discoveries and Refines 28 Million Tons of Crude in Fiscal Year 2025/26
The Ministry of Petroleum and Mineral Resources announced 63 new oil and gas discoveries and the refining of 28 million tons of crude for the 2025/26 fiscal year, fully meeting domestic demand.
US Diesel Prices Hit Record $6.31 a Gallon as Global Supply Pressures Mount
US diesel prices have reached a record high of $6.31 per gallon, driven by global supply disruptions and geopolitical conflicts, threatening broader economic and consumer price pressures.
Turkiye Revokes Operating Licence of Iran’s Bank Mellat Branch in Istanbul Amid Financial Security Concerns
Turkiye's banking watchdog has revoked the operating licence of Iran's Bank Mellat branch in Istanbul, citing potential risks to the financial system.
Iraq Opens Western Military Airspace to Civil Aviation After Decade of Restrictions
Iraq has returned its western military airspace to civilian authorities, ending restrictions put in place in 2016 and supporting upcoming coalition withdrawal plans.
Trump’s Claims of Falling Prices Clash With Economic Reality and Federal Reserve Policies
President Donald Trump's assertion that consumer prices are dropping clashes with the Federal Reserve's decision to raise interest rates to combat persistent inflation. As voters express dissatisfaction with the cost of living, economic pressures threaten political support for the administration.
Turkey Revokes Licence of Iran's Mellat Bank Amid Rising US Economic Pressure on Tehran
Turkey has revoked the operating licence for Iran's Mellat Bank branch in Istanbul amid ongoing US efforts to increase economic pressure on Tehran.
UAE Becomes Strategic Partner of Pacific Islands Forum to Strengthen Regional Ties
The UAE has been formally recognized as a strategic partner of the Pacific Islands Forum in Koror, Palau, opening new avenues for trade, investment, and sustainable development cooperation.
Japan Reaches Historic Milestone With Over 100,000 Centenarians Amid Deepening Demographic Crisis
Japan has recorded more than 100,000 citizens aged 100 or older, highlighting a growing longevity milestone that coincides with a severe national demographic and economic crisis.
Dnata Forecasts Strong Profits as Global Diversity Shields Business From Regional Conflicts
Dnata's chief executive expresses confidence in the company's healthy profit outlook, aided by a diversified global footprint that helps mitigate regional conflict disruptions.
Germany Receives Its First F-35 Fighter Jet from the United States Amid Major Military Buildup
Germany has received its first F-35A fighter jet from Lockheed Martin during a ceremony in Fort Worth, Texas, as the nation boosts its military spending and modernises its armed forces.
UAE Property Guide: What Happens to Your Tenancy When Your Landlord Sells?
Find out what happens to your lease when your landlord decides to sell your rented property in Dubai, along with expert advice on real estate investment strategies.
Global Energy Pressures Mount as Saudi Oil Constraints and Middle East Tensions Keep Prices Above $100
Oil prices remain above $100 for a second straight week amid simmering Middle East tensions, while various global updates highlight international developments involving figures like Massad Boulos and operations spanning the UAE, Sweden, Sudan, Cuba, Japan, and Niger.
Trump's New Tariff Threat Imperils Asia's Russian Oil Lifeline Amid Faltering Gulf Supplies
Proposed US tariffs on major buyers of Russian oil threaten critical energy supplies for India and China as global markets face mounting pressures from Gulf supply disruptions.
Trump's New Tariff Threat Threatens Asia's Russian Oil Lifeline Amid Dwindling Gulf Supplies
Proposed US tariffs on buyers of Russian oil threaten to disrupt vital energy supplies for India and China as global oil markets tighten. The legislation, backed by the White House, aims to penalize nations continuing to purchase Russian crude.
Collateral Damage: How the Conflict Involving Iran is Crushing South Asia's Working Class
The war involving Iran has sent shockwaves through South Asia, driving up inflation, energy costs, and living expenses for millions of vulnerable families in India, Pakistan, Bangladesh, and Nepal.
Syrian Government Lowers Diesel Prices Following Nationwide Protests Over Energy Costs
Syria's government has introduced lower-cost diesel options following widespread nationwide protests triggered by a recent surge in fuel prices.
Manus on Markets: Yen Plummets as Japan Boosts Interest Rates to 31-Year Peak
Manus Cranny examines the latest global financial shifts, focusing on the yen's drop following Japan's 31-year high interest rate hike alongside other international headlines.
Escalating War at Home and Across the Region Drives Up Fuel and Food Prices in Yemen
A recent 10 percent hike in fuel prices in Houthi-controlled areas of Yemen, driven by domestic conflict and regional tensions, has triggered severe economic hardship and exacerbated food insecurity.