Economy
Business and economy news
1542 articles in this section
Trump Announces Plan to Replenish US Strategic Petroleum Reserve with Venezuelan Oil Following Historic Deal
United States President Donald Trump announced that oil from a new deal with Venezuela will be used to refill the depleted US Strategic Petroleum Reserve. The 25-year agreement aims to revitalize Venezuela's oil industry while supplying emergency reserves to Washington.
Beyond Jackson Hole: How Gulf Dynamics Drive the Global Monetary Policy Debate
Following the Jackson Hole economic symposium, central bank policies and global inflation rates are increasingly tied to energy market disruptions and geopolitical developments in the Gulf.
Banque Misr UAE Operations Continue Normally Despite US Money-Laundering Scrutiny, Regulators Confirm
Regulators in the UAE and Egypt confirm that Banque Misr branches in the Emirates are operating normally following US money-laundering concerns and a proposed Treasury rule.
اتفاقية سورية سعودية لتطوير وتشغيل مطار حلب الدولي
الهيئة العامة للطيران المدني توقّع اتفاقية لتطوير وتشغيل مطار حلب الدولي بالشراكة مع صندوق استثماري سعودي.
How the US and Middle East Allies Outsmarted Iran's Oil Blockade Tactics
Middle Eastern oil producers and the US Navy are utilizing clandestine 'dark' transits and alternative pipelines to bypass Iranian threats in the Strait of Hormuz, helping stabilize global energy supplies amidst an ongoing war.
Trump Announces New Venezuelan Oil Deal to Replenish Depleted US Strategic Petroleum Reserve
US President Donald Trump announced that oil secured through a new agreement with Venezuela will be used to refill the heavily depleted Strategic Petroleum Reserve.
Global Economic Shockwaves: Winners and Losers of the US-Israel War on Iran
Six months into the US-Israel war on Iran, global energy markets and supply chains face severe turmoil, creating massive financial windfalls for oil and defense companies while burdening taxpayers, consumers, and airlines.
Israel and Greece Seal Landmark $3.4 Billion Defence Accord Amid Regional Tensions
Israel and Greece have signed a historic $3.4 billion defence agreement to supply Athens with advanced Israeli military systems amid rising regional tensions.
Unpacking the Impact of the US-Venezuela Oil Agreement
A new agreement between Caracas and Washington grants US companies access to a significant portion of Venezuela's oil reserves, sparking local opposition and legal debates.
Alpha Dhabi Doubles Stake and Investment in Mubadala Joint Venture to $1 Billion
Alpha Dhabi has doubled its stake and capital commitment to $1 billion in its private credit joint venture with Mubadala Investment Company to broaden its investment portfolio.
British Cereal Farmers Face £5 Billion Loss After Three Consecutive Years of Devastating Harvests
British cereal farmers are projected to lose nearly £5 billion due to the worst harvests on record driven by extreme heat, prolonged drought, and climate change over the past three years.
Why the US Treasury's 'Operation Economic Outcast' Against Iran Is Doomed to Fail
Despite aggressive new sanctions under Operation Economic Outcast, US efforts to isolate Iran are faltering as major powers like China and Pakistan refuse to comply, risking severe global economic backlash.
Egypt Secures Global Leadership Role in Fertilizer Production and Export
Minister of Industry Khaled Hashem highlighted Egypt's rise as a top global fertilizer producer and exporter, driven by stable energy supplies and rich natural resources.
National Bank of Egypt Honored as Egypt's Best Private Bank at Euromoney Awards 2026
The National Bank of Egypt received the 'Best Private Bank in Egypt' award at the Euromoney Awards 2026 for its tailored financial solutions and adherence to global banking standards.
UAE Fuel Prices Set to Increase for Second Consecutive Month in September
UAE petrol and diesel prices will increase in September for the second consecutive month as global oil markets remain volatile amid ongoing tensions between the US and Iran.
Abu Dhabi's ePointZero Expands African Footprint with Major Stake in Azura Power
Abu Dhabi's ePointZero is acquiring a 90 per cent stake in African power generation company Azura Power Holding to expand its global energy infrastructure portfolio.
Strategic Significance of Iran's Larak and Kharg Islands Amid Escalating US Tensions
Recent US military actions against Larak Island and threats directed at Kharg Island have intensified regional tensions and caused global oil prices to surge.
Manus on Markets: Analyzing US-Iran Tensions Prior to the SCO Summit
Manus Cranny examines the latest global financial shifts and geopolitical tensions, including US-Iran escalations ahead of the SCO summit.
Egypt Announces New US$15 Visa and Consular Fees Effective January 2027
Egypt's Prime Minister Mostafa Madbouly has issued a decree establishing a standardized US$15 fee for entry and transit visas and consular services, effective January 1, 2027.
طفرة الاستثمار الفندقي في دمشق: مشاريع جديدة في المزة وكفرسوسة
فندق ياسمين روتانا على أوتستراد المزة، وافتتاح ديونز بوتيك، ومشروع غاليري حجاز، وتطوير موقع الموفنبيك السابق.
Egypt’s Electricity Ministry Mandates Replacement of Faulty Meters Within 72 Hours
Egypt's Ministry of Electricity and Renewable Energy has ordered the replacement of faulty meters within 72 hours and standardized connection fees nationwide to ease burdens on citizens.
US Central Command Redirects Dozens of Ships Enforcing Maritime Blockade on Iran
The US Central Command reported that 83 commercial vessels have been redirected as part of an ongoing maritime blockade against Iran, which has severely impacted the Iranian economy.
Banque Misr Assures Normal Operations Across All UAE Branches Amid US Treasury Review
Banque Misr has confirmed that its branches in the United Arab Emirates are operating normally as it coordinates with the Central Bank of the UAE and the Central Bank of Egypt regarding a US Treasury proposal.
سوريا تستقبل 3.52 مليون زائر في النصف الأول من 2026 بنمو 111%
قفزة في أعداد الزوار العرب والأجانب والمغتربين السوريين، مع خطة وطنية للسياحة تمتد حتى 2030.