Economy
Business and economy news
1542 articles in this section
Navigating the Blockade: How Middle Eastern Nations Rely on Risky Ship-to-Ship Oil Transfers
Saudi Arabia and other Gulf nations are increasingly relying on risky, secretive ship-to-ship oil transfers off the coast of Oman to bypass the closed Strait of Hormuz amid regional conflict.
Federal Reserve Rate Hike Signals Shifting Economic Landscape and Rising Global Bond Yields
The US Federal Reserve's recent interest rate hike and surging long-term Treasury yields signal a shifting global economic environment marked by structural inflation, rising borrowing costs, and increased competition for capital.
US Cheese Producer Tillamook Faces Intense Backlash Over Halal Certification
US cheese giant Tillamook is facing intense criticism from critics over the introduction of a halal label on its products.
Bank of Japan Raises Interest Rates to 31-Year High of 1.25% Amid Mounting Inflation Pressures
The Bank of Japan has raised interest rates to a 31-year high of 1.25 percent amidst rising inflation, labor shifts, and external economic pressures.
Italy Unveils Unilateral Naval Deployment to Secure Vital Bab al-Mandeb Shipping Route
Italy's Defence Minister Guido Crosetto announced the unilateral deployment of warships to protect commercial vessels traversing the critical Bab al-Mandeb strait amid rising security threats.
How Middle East Hotels Adapted to Regional Conflict with Staycations, Incentives, and Cost Controls
Major international hotel groups operating in the Middle East have navigated the impact of the regional conflict by cutting costs, launching staycations, and offering value-driven incentives while avoiding layoffs.
Egyptair Prepares for Historic Return to Australia with Planned Sydney Flights
EgyptAir plans to resume flights to Sydney via Singapore in 2027, marking a return to Australia after nearly 25 years. Meanwhile, Egypt is expanding tourism and diplomatic ties with Vietnam through new visa policies and proposed direct flights.
Dubai's New 12-Lane Motorway Set to Ease Traffic and Enhance Regional Connectivity
Transport experts highlight that Dubai's new 80km, 12-lane motorway connecting Abu Dhabi and Sharjah will significantly reduce traffic congestion, enhance regional connectivity, and support future urban growth.
US Approves $414M Uranium Investment in Niger Despite Past Troop Withdrawal
The US has approved up to $414m in financing for a high-grade uranium project in Niger, two years after American troops withdrew from the African nation.
Trump Organisation Announces 62-Storey 'Ultra-Luxury' Skyscraper in Tbilisi, Georgia
The Trump Organisation has unveiled plans for a 62-storey ultra-luxury tower in Tbilisi, marking its entry into the Caucasus as part of a $2 billion development.
Qatar Economic Forum to Convene in New York Amid Rising Global Trade and Energy Risks
The Qatar Economic Forum is holding a special edition in New York alongside UNGA 81 to address shifting global trade, energy dynamics, and geopolitical risks with international leaders.
Abu Dhabi Expands Holiday Home Market to Tenants Under Updated DCT Regulations
Abu Dhabi has updated its holiday home regulations, allowing tenants and a broader range of operators to list properties under new guidelines set by the Department of Culture and Tourism Abu Dhabi.
A Comprehensive Guide to the Sweeping International Sanctions Targeting Iran
Iran faces a complex network of overlapping sanctions from the United States, the European Union, the United Kingdom, and the United Nations, targeting its economy, nuclear programme, and military. These extensive restrictions impact everything from oil exports and banking to human rights and arms trade.
China Faces Growing Energy Crisis as Middle East Conflict Disrupts Crucial Oil Supplies
China is facing a major energy supply challenge as Middle East conflicts and pipeline closures disrupt vital crude routes, forcing Beijing to scramble for alternative sources and ramp up diplomatic efforts ahead of talks between President Xi Jinping and US President Donald Trump.
Decoding Iran's Financial Strategy: How Tehran's Math Equation Targets US Interest Rates
Iran's Parliament Speaker Mohammad Bagher Ghalibaf used a mathematical formula on social media to mock US financial policy as the Federal Reserve raised interest rates amidst ongoing geopolitical tensions.
Wynn Resort Marks a Major Turning Point for Ras Al Khaimah's Tourism Growth
The $5 billion Wynn Al Marjan Island development serves as a major turning point for Ras Al Khaimah, as tourism leaders work to expand the emirate's global appeal while maintaining its boutique charm and focus on relaxation.
UAE Interest Rates Rise: Did Lower Rates Actually Make Borrowing Easier?
Despite recent cuts and adjustments in interest rates, obtaining loans and financing in the UAE remains complicated and heavily scrutinized for SMEs, self-employed individuals, and everyday borrowers.
Unprecedented Climate Change Triggered Devastating Nepal Floods, Scientists Warn
Scientists conclude that long-term climate change and warming temperatures were core factors in the devastating glacial collapse and floods in Nepal and Tibet that killed over 1,400 people.
Global Inflation Surges Again as Oil Prices Breach $100 Amid Middle East Supply Disruptions
Global inflation is resurfacing as oil prices surpass $100 a barrel due to ongoing disruptions in the Strait of Hormuz and threats to Saudi oil supplies, forcing central banks to rethink traditional policies.
Navigating the Crisis: Tracking Saudi Arabia's Alternative Oil Routes from Yanbu to Sohar
Drone attacks on Saudi Arabia's East-West pipeline have severely restricted oil exports, forcing the kingdom to rely on alternative maritime routes through the Gulf and Red Sea while global markets feel the pinch.
Chinese Investments in Egypt Surge to Over 3,300 Companies Across Key Sectors
GAFI reports that Chinese investments in Egypt have expanded to 3,366 companies across multiple sectors, with a strong focus on sustainable growth and green industries.
Egypt and Senegal Discuss New Direct Maritime Route Linking Alexandria and Dakar to Boost Trade
Egypt and Senegal are planning to launch a direct shipping route between Alexandria and Dakar to strengthen bilateral trade and maritime cooperation.
Flydubai Faces Growth Hurdles Amid Rising Fuel Prices, Delivery Delays, and Travel Restrictions
Flydubai chief executive Ghaith Al Ghaith discusses how rising jet fuel costs, aircraft delivery delays, and travel advisories are impacting the airline's growth and operations.
India Warns That US Tariffs on Russian Oil Purchases Could Strain Bilateral Relations
India has cautioned the United States that newly approved legislation allowing tariffs on Russian oil buyers could strain bilateral relations. New Delhi emphasized its commitment to protecting its energy security and economic interests.