Economy
Business and economy news
1542 articles in this section
Kenya’s Aviation Strike Ends with a Return-to-Work Agreement, but Underlying Disputes Remain Unresolved
A two-day aviation strike in Kenya has ended following a return-to-work agreement between union leaders and government officials, though core disputes over collective bargaining and wages remain under negotiation.
Understanding Dubai's New Shared Housing Regulations: Impact on Tenants, Landlords, and Operators
Dubai's new shared housing law strictly prohibits unpermitted subletting and introduces rigorous permit requirements, safety standards, and tenant protections to curb overcrowding.
Guns Versus Groceries: Iran's Severe Economic Crisis Puts Squeeze on Daily Life
Iran faces severe economic turmoil, with skyrocketing inflation, fuel shortages, and a collapsing currency forcing citizens to choose between basic goods and military spending.
Menzies Aviation Eyes Expansion in the Gulf, Syria, and US Amid Industry Uncertainty
Airport ground handler Menzies Aviation plans to expand its operations in the Gulf, the US, and potentially Syria, aiming for continued growth despite regional conflicts and economic challenges.
Egypt and China's Tianneng Partner to Explore Advanced Battery Manufacturing
Minister of Investment and Foreign Trade Mohamed Farid witnessed the signing of an MoU between Mansour Group and China’s Tianneng Battery Group Co Ltd to explore battery manufacturing and energy storage opportunities in Egypt.
⚠️DeletedInside the Trump Organisation's Multi-Billion-Dollar Real Estate Expansion Across the Arabian Gulf
The Trump Organisation is rapidly expanding its luxury real estate and hospitality footprint across Saudi Arabia, the UAE, Qatar, and Oman with multiple multi-million-dollar developments.
Ryan Reynolds and YouTube Co-Founder Steve Chen Lead Star-Studded Lineup for LiveX Abu Dhabi 2026
Ryan Reynolds, Steve Chen, and prominent global figures have been named as the initial speakers for the inaugural LiveX exhibition in Abu Dhabi, focusing on urban liveability and investment.
Why China's Support for Iran Has Clear Limits Amid US Pressure
Despite diplomatic and economic ties, analysts explain why China's support for Iran has strict limits as Washington ramps up pressure on Tehran.
EU Remains Divided Over Proposed Trade Sanctions on Illegal Israeli Settlements
European Union foreign ministers remain split on imposing trade sanctions against illegal Israeli settlements as violence intensifies in the occupied West Bank.
UAE Non-Oil Sector Surges to Fastest Growth Since December 2024 Amid Post-Conflict Recovery
The UAE's non-oil private sector recorded its fastest growth since December 2024 in August, driven by a surge in new business and a recovery from the impact of the Iran war.
Severe Global Refining Shortage Threatens to Keep Fuel Prices High Until 2027
A severe global shortage of refining capacity is expected to keep petrol, diesel, and jet fuel prices high well into 2027, despite potential surges in crude supply.
Global Hunger Crisis Deepens as Funding Shortfalls Threaten Vital Food Aid Worldwide
Global hunger is reaching critical levels as funding shortfalls force the World Food Programme to cut vital food aid across Palestine and several other nations facing conflict and climate shocks.
Investigating the Impact on America's Food Safety System Amid Intensive Search Efforts
A short video questions whether DOGE negatively impacted America's food safety system during a duration of nearly three minutes.
US Mint Releases Controversial $1 Coin Featuring President Donald Trump's Likeness for 250th Anniversary
The US Mint has begun circulating a new $1 coin featuring President Donald Trump for the nation's 250th anniversary, marking the first time in nearly a century that a living person is featured on US currency.
US Set to Control 20 Percent of Venezuelan Oil Reserves Following Signing Ceremony
A signing ceremony marks the transition as the US prepares to take control of a fifth of Venezuela's oil reserves, while EU ministers in Ireland discuss key international issues.
US Energy Giant Chevron Commits Billions to Double Venezuela Oil Production
Chevron plans to invest over $7bn to double its oil production in Venezuela over the next five years, building on its century-long presence in the country.
Escalating Drone Strikes Prompt Warnings Over Safety of Russian Airspace for International Airlines
Ukrainian President Volodymyr Zelenskyy has warned that Russian airspace is unsafe for civil aviation due to a massive influx of Ukrainian drones, raising significant concerns for international airlines and global travel routes.
Analyst Warnings: Why New Pipelines Won't Make the Strait of Hormuz Obsolete
Analysts warn that despite multi-billion-dollar pipeline projects by Gulf nations, the Strait of Hormuz will remain a critical global trade route for energy and shipping.
Uber Eliminates 3,300 Jobs in Major Management Restructuring
Uber Technologies is laying off about 3,300 employees, or 10 per cent of its global staff, in a sweeping restructuring effort to simplify management and redirect funds toward growth and autonomous vehicle initiatives.
Despite Massive New US-Venezuela Oil Deal, Fuel Prices Remain Unaffected
A new US-Venezuela oil deal aims to expand production, but analysts warn that infrastructure bottlenecks and refining limits will prevent near-term relief for fuel prices.
Egyptian Exports to China Surge by Nearly 200 Percent in Early 2026
CAPMAS reported a 199.8 percent jump in Egyptian exports to China during the first half of 2026, pushing total bilateral trade to $11.3 billion.
Search Operations Press On in Nepal One Week After Deadly Himalayan Floods
Search and rescue operations continue in Nepal one week after devastating glacial floods killed over 1,100 people, prompting calls for climate compensation.
US Federal Trade Commission Prepares Lawsuit Against Amazon Over Ad Pricing Manipulations
The US Federal Trade Commission is preparing a lawsuit against Amazon for allegedly manipulating advertising prices on its platform over seven years.
Sharjah to Launch First Phase of Al Taawun Tunnel Project to Ease Dubai Commuter Gridlock
Sharjah's Roads and Transport Authority announced that the first phase of the Al Taawun tunnel project will partially open in two months to ease heavy commuter traffic to Dubai.