Economy
Business and economy news
1542 articles in this section
How Dubai and the UAE Maintained Economic Resilience Amid Regional Uncertainty
Despite regional challenges, the UAE and Dubai successfully maintained international confidence and tourism growth by refusing to let disruption halt business as usual.
East-West Pipeline Blast Forces Saudi Arabia to Halt Oil Supplies to Europe
Saudi Arabia has halted oil supplies to Europe following a blast on the East-West pipeline. The incident has disrupted energy transport as detailed in the accompanying video coverage.
Argentina Escalates Legal Pressure Against Oil Companies Operating Near the Falkland Islands
Argentina is pursuing new legal complaints and legislation to penalize companies exploring for oil near the Falkland Islands, drawing a strong counter-response from Britain.
US Senate Rejects Major Cryptocurrency Bill in Major Setback for Digital-Asset Industry
The US Senate failed to pass the Digital Asset Market Clarity Act backed by President Donald Trump, dealing a major blow to the cryptocurrency industry and leaving regulatory uncertainty in place.
Surging US Treasury Yields Eclipse AI as Top Market Risk for Investors
Surging US Treasury yields have surpassed artificial intelligence as the primary risk for investors, pushing borrowing costs to their highest levels in nearly two decades and triggering broader market anxiety.
Violent Clashes Erupt in Bucharest as Romanian Shepherds and Farmers Protest EU Livestock Export Ban
Romanian shepherds and farmers protesting an EU livestock export ban clashed violently with riot police in Bucharest, resulting in injuries, tear gas deployment, and dozens of detentions.
US Expenses in Iran Conflict Reach $38 Billion, Congressional Budget Office Report Reveals
A new Congressional Budget Office report reveals the Iran war has cost the US at least $38 billion, with monthly expenses projected at $3 billion if fighting continues.
US Treasury Secretary Scott Bessent to Discuss Iran Financial Ties with China Ahead of Trump-Xi Summit
US Treasury Secretary Scott Bessent is scheduled to discuss Beijing's financial ties to Iran with Chinese Vice Premier He Lifeng ahead of the upcoming Trump-Xi summit.
US Officials and Business Leaders Travel to Syria to Strengthen Economic Partnerships
A high-level delegation of US officials and business leaders visited Damascus to strengthen economic ties and explore investment opportunities as Syria works to rejoin the global economy.
Why China is Expanding Economic Ties in the Gulf Without Replacing US Security
China is expanding its trade and technology footprint in the Gulf through economic leverage rather than military replacement, aligning with regional diversification strategies.
Saudi Arabia Confronts Critical Security Choices as Houthi Escalation Threatens Global Oil Supplies
Saudi Arabia faces mounting security and economic threats as Houthi rebels capture key Red Sea positions and vital oil routes, testing regional alliances and relations with Washington.
Struggles Ahead: Can the Houthis Maintain Control Over Yemen's Vital Western Coast?
Despite making rapid territorial gains along Yemen's strategic Red Sea coast, the Houthi movement faces severe military, logistical, and societal challenges in maintaining control over the area.
Emirates Set to Restore Prewar Seat Capacity by Year-End Amid Rebounding Travel Demand
Emirates airline expects to restore its full prewar seat capacity by the end of the year as travel demand rebounds. Despite rising fuel costs and operational disruptions from the Iran war, the carrier anticipates remaining profitable.
South Korea Hosts Historic Central Asia Summit to Strengthen Economic and Strategic Ties
South Korea is hosting its first presidential summit with the leaders of five Central Asian nations to deepen economic, technological, and strategic ties.
How the Iran Conflict Permanently Altered the Global Economy and Oil Markets
The conflict involving Iran has permanently reshaped the global economy by altering control over the Strait of Hormuz, shifting oil market dynamics in China, and boosting production in non-Middle Eastern nations.
Emirates Now Accepts UAE's Jaywan Cards for Flight Bookings with Special Launch Discounts
Emirates passengers can now book flights using the UAE's national domestic card, Jaywan, accompanied by a limited-time launch discount on eligible bookings.
US 10-Year Treasury Yield Reaches 19-Year High Amid Oil Price Surge and Inflation Fears
The benchmark US 10-year Treasury yield surged to 5.02 percent, its highest level in 19 years, as rising oil prices driven by escalating conflict fuel expectations of further interest rate hikes.
Thailand Halves Visa-Free Stay to 30 Days for Travelers from the Gulf and Over 60 Countries
Thailand has reduced visa-free stays to 30 days for tourists from over 60 countries, including the UAE and other Gulf nations, aiming to curb visa abuse and related crimes.
Flydubai Fleet Set to Surpass 100 Aircraft Following Major Expansion and Cabin Retrofit Launch
Flydubai is expanding its fleet past 100 aircraft with 11 new deliveries this year and has launched a major cabin retrofit programme to enhance its premium offerings.
Global Economy Faces 10% Output Loss by 2050 Without Urgent WTO Reforms, Report Warns
The World Trade Organisation warns that the global economy could lose up to 10 per cent of its output by 2050 if countries fail to reform its multilateral trading system amidst rising geopolitical tensions.
New Digital Platforms Bridge the Gap Between UAE School Leavers and Early Career Placements
New online platforms in the UAE are directly connecting school leavers with structured internships and job-shadowing opportunities, helping young talent enter the workforce early.
Egypt and Morocco Explore New Avenues for Labor Cooperation
Labor Minister Hassan Raddad met with Moroccan delegation head Nour al-Ammarti in Cairo to discuss strengthening bilateral cooperation in labor affairs, social protection, and vocational training.
Egypt Launches 2nd Arab-African Exhibition and Conference to Boost Water and Energy Investments in Cairo
Egypt inaugurated the second Arab-African Exhibition and Conference for Investment in Water and Energy in Cairo, highlighting national infrastructure achievements and calling for expanded regional partnerships.
President Ahmed Al Shara Proclaims Syria a New Strategic Economic Opportunity at Dubai Summit
President Ahmed Al Shara announced in Dubai that Syria is transforming from a regional conflict zone into a vital trade and energy corridor offering new economic opportunities.