Economy
Business and economy news
1542 articles in this section
Gold and Bitcoin Rally Together as US Dollar Fights Back Amid Mounting Debt Fears
Gold and Bitcoin recently surged in tandem as concerns over US debt and inflation grew, though a resurgent US dollar has since pushed both assets into retreat.
Navigating Utility Deposits and Police Clearances After Leaving the UAE
Learn how to handle utility deposit refunds from Taqa after closing a UAE bank account and how to apply for a Dubai Police Clearance Certificate from abroad.
US Targets Turkish Bank Over Alleged Financial Ties to Iran’s IRGC
The US Treasury Department has sanctioned Golden Global Yatirim Bankasi Anonim Sirketi for allegedly facilitating millions of dollars in transactions for Iran's IRGC.
US Economy Adds 162,000 Jobs in August as Labor Market Beats Expectations
The US economy added 162,000 jobs in August, surpassing analyst expectations while the unemployment rate remained unchanged. The report sparked discussions on interest rates as markets experienced a downward trend.
US Diesel Prices Surge to Historic $5.85 Per Gallon Amid Ongoing Conflict with Iran
US diesel prices have reached a record high of $5.85 per gallon amid the ongoing war with Iran, raising concerns over transportation costs and the cost of living ahead of the midterm elections.
Crude Oil Set for Weekly Surge Amid Ongoing US-Iran Conflict and Global Inflation Fears
Crude oil is heading for a strong weekly gain as ongoing US-Iran conflict disrupts global supplies, driving up inflation and prompting warnings of a hard economic landing.
Abu Dhabi Crown Prince Sheikh Khaled Directs Adnoc to Reinforce Energy Security Amid Regional Maritime Disruptions
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed has directed Adnoc to enhance its reliability as an energy provider amid regional maritime disruptions in the Strait of Hormuz.
Dubai Tourism Scheme Closes After 90,000 Residents Invite Loved Ones in 'Exceptional Response'
A Dubai tourism initiative offering discounts to residents who invited friends and family to visit has closed registrations after drawing over 90,000 applications. The successful campaign aimed to boost the local tourism sector amid regional challenges.
Egypt Announces New $15 Administrative Surcharge for Consular Services and Entry Visas Effective 2027
Egypt has introduced a standardized $15 administrative fee for entry visas, transit visas, and consular services effective January 1, 2027, under a new decree aimed at unifying global consular procedures.
Inside the Philippine Peso's Historic Plunge to Record Lows Against the US Dollar
The Philippine peso has dropped to a record low against the US dollar due to surging oil prices, geopolitical turmoil, and domestic economic deficits. While remittances provide some cushion, the depreciation is driving up import costs and fueling inflation.
ROX Launches Local Vehicle Production in Abu Dhabi with the First ADAMAS Models
ROX has inaugurated its Advanced AI Manufacturing Centre in Abu Dhabi, rolling out its first Made in the Emirates ADAMAS vehicles as part of a major regional expansion.
UAE Imposes Strict 24-Hour Deadline for Suppliers to Clear Counterfeit Goods Under New Anti-Fraud Regulations
New UAE regulations require suppliers to remove counterfeit or spoiled goods within 24 hours of notification, part of a broader push by the Ministry of Economy and Tourism to combat commercial fraud and protect consumers.
Global Solidarity and Climate Accountability: Supporting Nepal Through Tragedy and Crisis
Readers and contributors express solidarity with Nepal following deadly floods, praising international humanitarian aid while calling for greater global climate accountability at the UN.
Financial Squeeze: Can Hezbollah Endure Without Iranian Funding Amid Regional Upheaval?
As the US imposes strict new sanctions on Iran, experts examine whether Hezbollah can survive the loss of its $700 million annual funding and what it means for Lebanon.
US Imposes Fresh Sanctions on Cuba Amid Escalating Economic Pressure and Regime Change Campaign
The United States has imposed a new round of economic sanctions against Cuba, targeting several companies and a member of the Castro family as part of an escalating pressure campaign.
Ghana Mandates Local Gold Refining to Boost Domestic Value and Retention
Ghana has implemented a new policy requiring certain gold exporters to refine dore locally before shipping, aiming to retain more economic value within the country.
Examining the Debate Over the Venezuela Oil Deal and US Colonialism
Observers debate whether the Venezuela oil deal represents a modern form of US colonialism in a recent video discussion.
Unprecedented Super El Nino Supercharged by Climate Change Threatens Global Weather and Food Systems
A powerful super El Nino event supercharged by climate change is threatening global weather patterns, ecosystems, and food systems, with scientists warning it could make 2027 the hottest year on record.
Nepal Demands Climate Compensation From Major Polluters Following Flash Flood Disaster
Nepal's foreign minister argues that major polluters like China, the United States, and India must compensate the nation for recent flash flood disasters caused by a climate crisis it did not create.
Strait of Hormuz Disconnect: Why US Claims on Oil Shipping Differ From Real-World Data
A stark discrepancy exists between US claims of record-high shipping traffic through the Strait of Hormuz and marine tracking data showing significantly fewer vessels transiting the waterway.
Panama Canal Imposes Traffic Restrictions Due to Low Water Levels Amid Global Shipping Pressures
The Panama Canal is reducing daily vessel limits due to low water levels caused by the El Nino weather phenomenon, compounding global shipping pressures driven by the Hormuz crisis.
How Kais Saied’s Populist Economic Experiment Brought Tunisia to the Brink of Collapse
An in-depth look at how Tunisian President Kais Saied's populist economic policies and centralization of power have led to severe shortages, soaring debt, and an unprecedented economic crisis in Tunisia by 2026.
Sharjah Ruler Sheikh Dr Sultan bin Muhammad Al Qasimi Sets Dh20,000 Minimum Wage for Government Employees
Sharjah Ruler Sheikh Dr Sultan bin Muhammad Al Qasimi has approved a minimum wage of Dh20,000 for government employees and introduced living allowances for retirees and families.
Netherlands Transfers Billions in Gold Reserves Out of North America Amid Global Tensions
The Netherlands has transferred billions of dollars in gold reserves from the US and Canada to the UK in a strategic move to enhance crisis preparedness amid rising geopolitical and trade tensions.