Economy
Business and economy news
1542 articles in this section
Bombardier Plans to Hire 500 US Workers Amid Trade Pressures and Trump Threats
Canadian aircraft manufacturer Bombardier is moving forward with plans to hire 500 new workers in the United States despite recent trade threats from US President Donald Trump.
Dubai Prepares for a Massive Year-End Event Season Following Conflict Disruptions
Dubai is gearing up to host over 100 exhibitions in the final four months of the year, reviving its bustling events calendar following earlier disruptions.
ROX Launches UAE Production as Abu Dhabi Manufacturing Hub Aims for 300,000 Vehicles by 2030
ROX has begun manufacturing vehicles at its advanced AI facility in Khalifa Economic Zones Abu Dhabi, targeting an annual production capacity of 300,000 units by 2030.
Dubai Holding Awards Record Dh5 Billion Construction Deal to Chinese Firm for New Headquarters and Residences
Dubai Holding has awarded a record Dh5 billion construction contract to China State Construction Engineering Corporation Middle East to build its new headquarters and Jumeirah Residences Emirates Towers.
Global Markets Stumble as Brent Crude Crosses $100 Amid Escalating US-Iran Conflict
Brent crude surpassed $100 a barrel as escalating conflicts between the US and Iran rattle global stock and bond markets, fueling fears of rising inflation and tighter monetary policies.
⚠️DeletedTrump Escalates Trade War With New Bans and Tariffs After Canada Retaliates
President Donald Trump has announced new bans and expanded tariffs on Canadian goods following Canada's retaliatory tariffs, escalating the ongoing trade war between the two nations.
Dubai Real Estate Shifts Focus Toward Mid-Range Properties Amid Growing Investor Demand
Dubai's real estate market is shifting its focus from ultra-luxury properties toward mid-range homes priced between Dh1 million and Dh2 million, driven by cautious and selective investors.
Dubai's Azizi Developments Expands into Sharjah with Massive Dh30 Billion Mixed-Use Project
Dubai-based Azizi Developments is expanding into Sharjah with the launch of Azizi Florence, a Dh30 billion mixed-use project featuring thousands of homes and a massive central park.
Wizz Air Announces Major Return to Abu Dhabi and Dubai with 12 New Routes
Low-cost carrier Wizz Air has announced its return to Abu Dhabi and Dubai with 12 new routes and 49 weekly flights, following the closure of its UAE-based wing last year.
Egypt and Kekkilä-BVB Discuss New Alternative Soil Plant in SCZone to Boost Precision Farming
Egypt is collaborating with Kekkilä-BVB and Agriventure to build an alternative soil factory in the Suez Canal Economic Zone, aiming to lower agricultural costs and support precision farming.
Egypt Explores Local Alternative Soil Production to Boost Modern Agriculture and Cut Import Costs
Egypt is planning a new alternative soil factory in the Suez Canal Economic Zone in partnership with Kekkilä-BVB and Agriventure to cut agricultural costs and boost exports.
President Sisi and Greek PM Mitsotakis Advance Energy Link and Regional Stability Talks in Egypt
President Abdel Fattah al-Sisi and Greek Prime Minister Kyriakos Mitsotakis met in Egypt to discuss the strategic electricity interconnection project, bilateral cooperation, and pressing regional stability issues.
Severe UK Drought Triggers Water Security Fears and Financial Crisis for Farmers
A severe UK drought has devastated crops and pushed farmers to a financial crisis, raising urgent concerns over long-term water security.
Middle East Economic Might Crucial to Belt and Road Initiative, Says Hong Kong Leader John Lee
Hong Kong chief executive John Lee highlighted the vital role of Middle Eastern economic power in the Belt and Road Initiative during the annual summit, as leaders push for expanded regional co-operation and diversification.
A Historic Presidential Visit Marks the Dawn of a New Era in UAE-Germany Relations
President Sheikh Mohamed's historic first presidential visit to Germany highlights the deepening strategic, economic, and technological partnership between the UAE and Germany.
From Hugo Chavez to Donald Trump: The Tumultuous History of Venezuela's Oil
Venezuela's vast oil reserves have driven decades of political turmoil, culminating in the deposition of Nicolas Maduro and a sweeping new energy agreement with the US.
Brent Crude Reaches $100 as US Strikes on Iranian Tankers and Houthi Attacks Raise Global Supply Concerns
Brent crude surged to $100 a barrel as US strikes on Iranian tankers and Houthi attacks on Saudi energy infrastructure heightened global supply fears. The escalation has disrupted trade routes and driven up oil price forecasts amid a worsening Middle East conflict.
Nepal Demands Climate Justice and $20M in Compensation Following Devastating Floods
Nepal is demanding climate justice and $20 million in compensation from the UN's Loss and Damage Fund following devastating flash floods and glacial collapses that left thousands dead or missing.
President Sheikh Mohamed's State Visit Highlights Strong and Enduring UAE-German Relations
President Sheikh Mohamed's state visit to Germany highlights the strong, enduring strategic partnership and growing economic ties between the UAE and Germany.
UAE Accelerates 'Zero Hormuz' Strategy to Diversify Trade Routes Following Iran Conflict
The UAE is fast-tracking its 'Zero Hormuz' strategy to diversify trade routes and reduce reliance on the Strait of Hormuz following the Iran war, while emphasizing the waterway's continued strategic importance.
US Department of Transportation Warns Ford Over Partnerships with Chinese Firms Amid Rising Trade Tensions
The US Department of Transportation issued a warning to Ford over its partnerships with Chinese firms like CATL, Geely, and BYD, citing national security and supply chain concerns.
US Forces Strike Iranian Tankers Following Missile Attacks on Navy Warship
US forces have struck Iranian tankers linked to the Islamic Revolutionary Guard Corps following renewed missile attacks on a US Navy warship. The escalation has pushed oil prices closer to $100 a barrel amid a breakdown in the previous ceasefire.
Examining the Legal Push for UK Reparations and Transatlantic Slave Trade Redress
Jamaica and other nations are intensifying calls for transatlantic slave trade reparations, bolstered by recent UN resolutions and international summits in Ghana.
US Imposes Major Sanctions on 27 Iranian Airlines to Increase Economic Pressure
The US has placed sanctions on 27 Iranian commercial airlines and 36 total targets as part of an escalating economic pressure campaign led by President Donald Trump's administration and Treasury Secretary Scott Bessent.