Economy
Business and economy news
1542 articles in this section
Prime Minister Mostafa Madbouly and Spanish Firm Explore Major Renewable Energy and Automotive Investments in Egypt
Prime Minister Mostafa Madbouly met with Gonvarri Industries Chairman and CEO Jon Riberas to discuss expanding Spanish investments in Egypt's renewable energy, automotive, and logistics sectors.
Tariff Elimination Boosts Egyptian Exports to China Amid Reaching Record Trade Levels
Egyptian exports to China surged significantly following the elimination of tariffs and the strengthening of bilateral trade agreements between the two nations.
G20 Asheville Meeting Ends Without Consensus as US and China Clash, Signaling Risks for the Gulf
The G20 finance ministers' meeting in Asheville concluded without a joint communique due to opposition from China, carrying significant strategic and financial implications for the Gulf region.
Swiss Derivatives Firm Adapt IM Expands Global Footprint with New Abu Dhabi ADGM Office
Swiss investment manager Adapt IM has expanded its global footprint by opening a new office at Abu Dhabi's ADGM to better serve Middle Eastern institutional clients.
Inside Greece and Israel's Landmark $3.5bn 'Achilles Shield' Defence Agreement
Greece and Israel have signed a historic $3.5bn defence deal called Achilles Shield, establishing an integrated missile and drone defence network amid shifting geopolitical dynamics in the eastern Mediterranean.
NYU Abu Dhabi Launches First Executive MBA Programme Outside New York to Meet Regional Demand
The Stern School of Business at NYU Abu Dhabi has welcomed its first executive MBA cohort, marking the institution's inaugural executive programme outside New York.
Oil Prices Surpass $95 Amid Renewed US-Iran Conflict and Strait of Hormuz Disruptions
Oil prices climbed past $95 a barrel as renewed fighting between the US and Iran sparked fears of prolonged disruptions to shipments through the Strait of Hormuz.
Why Artificial Intelligence Speeds Up Tasks Yet Fails to Boost Overall Corporate Productivity
Despite artificial intelligence significantly accelerating individual tasks, corporate executives face a productivity paradox because technology alone does not automatically create organizational value without structural redesign.
US Treasury Department Targets Early Next Year for Fast-Track Foreign Investment Initiative
The US Treasury Department expects to launch the Known Investor Programme early next year to streamline foreign investment and enhance review efficiency for frequent filers.
US EEOC Finds Cisco May Have Violated Civil Rights of Muslim and Arab Employees Amid Workplace Hostility
The US EEOC has determined that Cisco may have violated the civil rights of Muslim and Arab employees by subjecting them to a hostile work environment amid internal disputes over the company's technology sales.
US Pressures G20 to Address Trade Imbalances and Counter Chinese Imports
US Treasury Secretary Scott Bessent urged G20 finance chiefs in Asheville to protect domestic markets from an influx of Chinese goods and address global trade imbalances.
US Energy Secretary Chris Wright Heads to Venezuela to Finalize Controversial Oil Deal
US Energy Secretary Chris Wright is traveling to Venezuela to advance a controversial new oil agreement granting the US access to billions of barrels of reserves through a partnership with North American Blue Energy Partners.
Canadian Prime Minister Mark Carney Demands Washington Adopt Serious Approach to Resolve Escalating Trade Dispute
Canadian Prime Minister Mark Carney has criticized the United States for a flippant approach to trade negotiations, stating that talks can only resume when Washington takes the dispute seriously amid escalating tariffs and tensions.
US Secures Vast Venezuelan Oil Reserves in Landmark Deal Amid Global Energy Strains
The US has secured a sweeping oil production agreement with Venezuela to access vast reserves and stabilize energy markets amid ongoing global conflict and rising costs.
عودة حركة الأعمال إلى حلب: المطار والتحويلة الجنوبية وتنقل الوفود
إعادة افتتاح المطار وتأهيل التحويلة الجنوبية يعيدان ربط عاصمة الصناعة السورية بشبكة النقل الإقليمية.
US Treasury Secretary Scott Bessent Dismisses Bond Market Sell-Off, Citing Strong Economic Growth
US Treasury Secretary Scott Bessent downplayed recent bond-market sell-offs during the G20 gathering, attributing market movements to a positive growth story despite mounting debt concerns and global yield increases.
UK Aiming to Finalize Gulf Trade Deal Within Weeks Amid Regional Tensions
UK Minister of State for Trade Anas Sarwar announced that Britain is prepared to sign a trade agreement with the Gulf Co-operation Council within weeks, aiming to strengthen economic and strategic ties amidst regional conflict.
UAE Gears Up for September Reset and Economic Bounce-Back Despite Regional Challenges
The UAE is preparing for a bustling September economic reset with major projects, events, and the return of schools, signaling a steady return to normal despite recent regional challenges.
US Treasury Chief Scott Bessent Predicts Strait of Hormuz Will Be 'Worthless' as New Pipelines Bypass Choke Point
US Treasury Secretary Scott Bessent stated that the Strait of Hormuz will become obsolete for oil transport within two years as new pipelines are developed, while the US prepares further economic sanctions against Iran.
From Chavez Ally to Trump’s Oil Partner: The Rise of Alejandro Betancourt
Controversial Venezuelan businessman Alejandro Betancourt has been selected by the Trump administration to lead a new US-backed oil venture in Venezuela. The deal grants Washington majority control over vast oil reserves.
Climate Change and Wildfires Threaten France's Historic Wine Industry
Severe wildfires, extreme heat, and ongoing drought across France are threatening vineyards and impacting the nation's historic wine industry, alongside declining global consumption and economic pressures.
How the UAE's Resilient Fiscal Model Thrives Amid Global Uncertainty
Despite global economic uncertainties, the UAE demonstrates strong fiscal resilience, steady economic growth, and robust investor confidence supported by strategic diversification and disciplined monetary policies.
UAE Ministry of Finance Engages in G20 Financial Discussions in the US
The UAE Ministry of Finance participated in the G20 finance ministers and central bank governors meeting in the US to discuss global economic growth, digital transformation, and international co-operation.
World Food Programme Cuts West Bank Aid Recipients by Half Amid Severe Funding Shortages
The World Food Programme is halving its food assistance in the occupied West Bank to 200,000 people due to a critical lack of funding, while operations in Gaza also face severe cuts and challenges.