Economy
Business and economy news
1542 articles in this section
Iran Vows Forceful Response as US Strikes Tankers and Maintains Naval Blockade
Iran has threatened harsher retaliation after the US military struck Iranian oil tankers and maintained a naval blockade in the Strait of Hormuz. The ongoing conflict continues to disrupt regional oil exports and heighten economic pressures.
US Federal Reserve Enters Quiet Period as Officials Weigh Potential Interest Rate Hike Amid Inflation Concerns
The US Federal Reserve has entered its quiet period as officials debate whether to raise interest rates amid persistent inflation and mounting pressure from the White House.
US Energy Secretary Defends Strait of Hormuz Oil Traffic Claims Amid Skepticism
US Energy Secretary Chris Wright defended administration claims regarding oil traffic through the Strait of Hormuz, maintaining that millions of barrels continue to pass despite conflicting shipping data.
Struggling to Survive: One Family's Daily Battle Against Hunger Amid Gaza's Food Crisis
Mervat Radwan struggles to feed her surviving family members and orphaned nephews in Gaza amid severe food shortages and soaring prices that limit them mostly to canned goods and aid.
Opec+ Maintains Oil Output Policy for October Amid Ongoing Iran Conflict and Market Volatility
Opec+ has left its oil output policy unchanged for October as continuing conflict between the US and Iran and the closure of the Strait of Hormuz keep global energy markets volatile.
Iraq Restores Oil Capacity to Three Million Barrels Per Day Despite Strait of Hormuz Disruptions
Iraq has raised its crude oil production capacity to three million barrels per day and boosted exports in September despite disruptions in the Strait of Hormuz. The country is negotiating tanker passage and developing alternative pipelines to bypass the ongoing conflict.
National Council for Women Initiates New Phase of Agricultural Waste Recycling in Giza Governorate
The National Council for Women has launched a new phase of its agricultural waste recycling project in Giza Governorate to empower rural women and produce organic fertilizer.
Egypt Prioritizes Infrastructure and Transport Upgrades to Fortify National Energy Security
Minister of Petroleum and Mineral Resources Karim Badawi highlighted strategic refinery and transport infrastructure upgrades aimed at reinforcing Egypt's national energy security and economic competitiveness.
UK Holds Billions in Active Contracts With Companies Linked to Illegal Israeli Settlements
The UK government holds billions in active contracts with firms connected to illegal Israeli settlements, a recent report reveals.
Deadly Underground Economy Thrives on South Africa’s Chrome Riches
A tragic soil collapse in Rustenburg highlights South Africa's dangerous underground chrome economy, where vulnerable migrants and criminal networks exploit abandoned mines.
UAE Indoor Entertainment Boom Drives Record Growth in Leisure and Tourism
The UAE's attractions industry experienced a major boom in indoor entertainment, reaching a record $5.4 billion in revenue in 2024 amid a surge of new theme parks and family entertainment centres.
Inside a Tenant's Neighbor-Free Dh155,000 Reem Island Apartment Rented Sight Unseen
Take a look inside Guillaume Nassif's neighbor-free, Dh155,000 top-floor apartment on Reem Island, which he rented sight unseen after relocating from Dubai.
Fitch Affirms Qatar's 'AA' Rating and Removes Negative Watch as LNG Facility Risks Diminish
Fitch has removed Qatar from Rating Watch Negative and maintained its 'AA' rating as threats to LNG infrastructure decrease, though a negative outlook remains.
US-Venezuela Oil Agreement Sparks Investment Hope, But Questions Linger Over When Citizens Will See Relief
A major new US-Venezuela oil production deal promises heavy investment and economic growth, but citizens and experts remain uncertain when everyday people will experience tangible benefits amid infrastructure and governance challenges.
Trump’s Promised 'Economic D-Day' Against Iran Unfolds in Gradual Steps Amid Global Skepticism
Despite President Donald Trump's promise of an 'economic D-Day' against Iran, recent US sanctions under Operation Economic Outcast have rolled out gradually, drawing skepticism from experts regarding their ultimate impact.
Investcorp Targets Up to Three Deals Annually to Expand India Portfolio
Alternative asset manager Investcorp plans to execute two to three deals annually in India, targeting investments between $50 million and $75 million per transaction across sectors like healthcare, technology, and manufacturing.
Egypt's New Unified Card: Everything You Need to Know About the Ration Card Alternative
Egypt is rolling out the new unified card as a free replacement for traditional ration cards, integrating food subsidies, health insurance, and digital payment services through the Egypt Post.
Fitch Removes Qatar From Negative Watch List as Risks to LNG Facilities Ease Amid Regional Conflict
Fitch Ratings has taken Qatar off its negative watch list and affirmed its AA sovereign rating, citing easing risks to LNG facilities at Ras Laffan Industrial City amid the US-Israel war on Iran.
Egypt Aims to Transform Strategic Partnership with Italy into Tangible Joint Projects and Investments
Egypt's GAFI CEO Mohamed Awad highlighted efforts to translate the country's strategic partnership with Italy into tangible joint projects and investments during the Egypt-Italy Business Forum.
Inside Trump's Sweeping Venezuela Oil Deal and Its Impact on Regional Politics
A historic bilateral oil agreement between the US and Venezuela grants American companies access to massive crude reserves, reshaping the nation's political transition and resource nationalism under interim President Delcy Rodriguez.
Egypt Intensifies Crackdown on Nile River Encroachments, Removing Over 1,000 Violations
Water Resources and Irrigation Minister Hani Sewilam announced the ongoing removal of Nile River encroachments, with over 1,000 violations cleared so far under state-backed campaigns.
Fitch Affirms Qatar's AA Credit Rating and Projects LNG Exports to Recover by Late Next Year
Fitch Ratings has affirmed Qatar's AA credit rating and expects its LNG exports to recover to pre-war levels by the second half of next year despite ongoing regional conflict.
US Imposes Sanctions on Turkish Bank Over Alleged Iran Ties, Sparking Vow of Legal Action
The US Treasury Department has placed sanctions on Golden Global Bank and its subsidiaries over alleged financial ties to Iran. In response, the Turkish bank announced it will pursue legal action.
Resourceful Gazans Transform Aid Pallets Into Essential Furniture Amid Severe Shortages
Facing severe shortages and soaring prices due to import restrictions, residents and carpenters in Gaza are repurposing aid delivery pallets to build affordable furniture and simple homes.