Economy
Business and economy news
1542 articles in this section
Global Oil Prices Surge Past $105 Per Barrel as Houthi Forces Capture Critical Red Sea Port
Oil prices jumped above $105 per barrel after Houthi rebels seized the strategic Yemeni port of Mokha, worsening global supply fears amid ongoing conflicts.
Global Shipping Plunges Through Bab Al Mandeb and Strait of Hormuz Amid Escalating Conflict and Rising Oil Prices
Ship transits through the Bab Al Mandeb and Strait of Hormuz have plummeted as escalating conflict between the US, Iran, and Houthi forces drives oil prices above $100 per barrel.
IHC and Adani Group Partner with Odisha Government for $25 Billion Investment in 14 Major Projects
International Holding Company and Adani Group have signed an agreement with the Odisha government to invest $25 billion across 14 projects, potentially creating millions of jobs.
Ukraine Targets Arctic Gas Facilities in Record-Breaking Deep-Strike Drone Attack
Ukraine launched its deepest drone strike yet into Russian territory, hitting Arctic gas facilities in Siberia and demonstrating a significant expansion in its long-range military capabilities.
Gold Prices Climb as Weak US Dollar Sustains Momentum Ahead of Key Inflation Data
Gold prices rose on Thursday, supported by a weakening US dollar as markets await crucial inflation data from the United States.
Abu Dhabi's Adia Highlights Artificial Intelligence as Key Investment Driver Amid Economic Shifts
The Abu Dhabi Investment Authority highlighted artificial intelligence as a primary investment theme in its 2025 annual report while emphasizing portfolio diversification amid global economic uncertainties.
Global Central Banks Weigh Rate Hikes Amid Energy Inflation While Egypt Expected to Hold
Global central banks are leaning toward raising interest rates to combat energy-driven inflation, while experts predict the Central Bank of Egypt will hold rates steady during its upcoming meeting.
How Israeli Checkpoints and Mobility Restrictions Are Suffocating the West Bank Economy
A proliferation of military checkpoints and roadblocks across the occupied West Bank is severely restricting movement, inflating business costs, and choking the local Palestinian economy.
Suez Canal Economic Zone Reports Over 300% Growth in Unprecedented Operational Surge
The Suez Canal Economic Zone achieved massive operational growth during the 2025/2026 fiscal year, driven by soaring container traffic and infrastructure modernization across its terminals.
Egypt's Environment Minister Bans Tree Cutting Across Governorates to Protect Green Spaces
Minister of Local Development and Environment Manal Awad has ordered a strict ban on cutting down or uprooting trees across all governorates without official approval, reinforcing environmental protection laws and the 100 million trees initiative.
Egypt Spotlights Booming Fintech Investment Prospects and Startup Support
Egyptian officials met with fintech leaders to discuss expanding investment opportunities, improving the digital economy, and overcoming startup challenges.
Egypt and France's Accor Explore Major Hotel Expansion and Tourism Investments
Prime Minister Mostafa Madbouly met with Accor Chairman and CEO Sébastien Bazin to discuss plans for adding 25,000 new hotel rooms in Egypt over the next three years and boosting tourism cooperation.
Qatar and Oman Champion Middle East Financing to Drive Infrastructure Growth in the Global South
Officials from Qatar and Oman are advocating for Middle East-backed Islamic financing to help bridge infrastructure funding gaps across the Global South.
Survivors Recount Terror as Nepal Floods Devastate Migrant Workers
Migrant workers from India recount the terrifying flash floods in Syafrubesi, Nepal, that swept away their workplaces and left colleagues missing.
Hong Kong Unveils Ambitious Plan for Continuous Investment and Trade Expansion in the Middle East and North Africa
Hong Kong is advancing a continuous investment and trade strategy targeting the Middle East and North Africa through priority sectors tied to the Belt and Road Initiative.
Abu Dhabi's Mubadala Invests in China's Luckin Coffee in Major $1 Billion Deal
Abu Dhabi's Mubadala Investment Company is taking a significant minority stake in China's Luckin Coffee alongside Centurium Capital in a $1 billion deal.
Wizz Air Restores Eight European Routes to the UAE Starting in October
Wizz Air is bringing back 32 weekly services across eight European routes to Abu Dhabi and Dubai starting in October, following updated safety assessments and regional reviews.
Netflix Hit 'Selling Sunset' Stars The Oppenheim Group to Launch Dubai Real Estate Office
The Oppenheim Group, featured on the Netflix hit Selling Sunset, is opening its first UAE real estate office in Dubai this December led by Omar Abaza.
A New Chapter: Nearly Half of UAE Residents Now Plan for Long-Term Retirement in the Country
New research shows that nearly half of affluent UAE residents plan to retire in the country, driven by lifestyle, economic opportunity, and career stability rather than just financial incentives.
Sharjah's Innovative Retirement Plan Redefines Senior Employment and Social Inclusion
Sharjah has introduced a new part-time work initiative for senior citizens and retirees in the public sector, aiming to promote social inclusion and retain valuable institutional knowledge.
Unemployed Iraqi Graduates Stage Protests Demanding Government Jobs
Unemployed Iraqi graduates are staging protests to demand government jobs amid a mounting unemployment crisis.
Global Borrowing Costs Surge as the Era of Cheap Debt Nears Its End
Government bond yields are climbing to multi-year highs across major economies as investors price in increased risk, signaling the potential end of an era of cheap borrowing.
US Treasury Triples Bond Buy-Back Programme to $6 Billion to Calm Markets
The US Treasury Department has tripled its bond buy-back programme to $6 billion in an effort to contain rising borrowing costs amid mounting pressure in the bond and oil markets.
Yemen's Crisis Forces Millions of Children Out of School and Into Labor
Decade-long conflict and severe economic hardship in Yemen have forced millions of children out of classrooms and into daily labor to help their families survive.