Economy
Business and economy news
1542 articles in this section
Oil Prices Surge Past $90 as US and Iran Exchange New Strikes and Washington Threatens Further Sanctions
Oil prices climbed above $90 a barrel after the US and Iran exchanged strikes near the Strait of Hormuz, while Washington signaled plans for stricter economic sanctions.
عودة شركات الطيران إلى مطار دمشق: 12 ناقلاً تستأنف رحلاتها عبر دمشق وحلب
الاتحاد للطيران تعود إلى دمشق بعد قرابة 14 عاماً، وفلاي أديل تنضم إلى القائمة، فيما تستأنف 12 شركة إقليمية ودولية رحلاتها.
توسعة مطار دمشق الدولي: الطاقة الاستيعابية إلى 6 ملايين مسافر مع نهاية 2026
عقد بقيمة 4 مليارات دولار لإعادة بناء مطار دمشق الدولي على أربع مراحل، ترفع طاقته تدريجياً إلى 31 مليون مسافر سنوياً.
Dubai Launches Dedicated Lab-Grown Diamond Hub as UAE Trade Volumes Double
The Dubai Multi Commodities Centre has launched a specialized platform for lab-grown diamonds as UAE trade volumes doubled in 2025, reaching 76.9 million carats.
US Targets Banque Misr UAE Operations Over Alleged Iran Ties in New Sanctions Push
The United States has moved to cut off the UAE operations of Egypt's Banque Misr from the US financial system over alleged business dealings with the Iranian government, prompting reviews and investigations by banking authorities.
UAE and Lebanon Forge Closer Economic Ties with Revival of Joint Business Council
The UAE and Lebanon have revived a joint business council to boost bilateral trade and investment, marking a significant step in the restoration of economic ties between the two countries.
Delcy Rodriguez Affirms Venezuela's Sovereignty Following US Oil Agreement
Delcy Rodriguez asserts that Venezuela retains its full sovereignty despite the implementation of a new US oil agreement.
Transport Minister Inspects Egypt's High-Speed Rail Project Ahead of Trial Operations
Transport Minister Kamel al-Wazir inspected progress on Egypt's first high-speed electric rail network line ahead of upcoming trial operations. The massive infrastructure project spans 660 km, connecting the Red Sea to the Mediterranean.
Egypt Focuses on Advanced Workforce Training for Arab and European Markets, Says Labor Minister
Labor Minister Hassan Raddad stated that Egypt is prioritizing workforce training to prepare young people for regional and international labor markets while highlighting a drop in national unemployment.
Taco Bell Makes Long-Awaited Return to the UAE After 14 Years Through Americana Restaurants Partnership
Taco Bell is returning to the UAE after 14 years through a new agreement with Americana Restaurants, with plans for a wider Gulf expansion.
US Secures Major Control Over Venezuelan Oil Reserves Following Controversial Deal
The United States has reached a controversial agreement with Venezuela's interim government to gain majority control over 65 billion barrels of the nation's oil reserves.
Ontario Premier Doug Ford Defies Donald Trump with Massive 'Lake Ontario' Billboard Amid Trade War
Ontario Premier Doug Ford erected a massive billboard near Hamilton to reject US President Donald Trump's controversial renaming of Lake Ontario as 'Lake America' amid an escalating trade war.
Dubai Invests Dh1.1 Billion in Al Meydan Street Development to Cut Travel Times by 66%
Dubai has launched a Dh1.1 billion transport initiative called the Al Meydan Street Development Project to reduce travel times by 66 per cent and boost road capacity.
How Syria Can Fast-Track Power Sector Recovery Using Jordan's Blueprint
Drawing lessons from Jordan's decades of power sector reform, Syria has a unique opportunity to rebuild its electricity infrastructure efficiently by avoiding past regional mistakes and embracing strategic regional integration.
Iraqi Kurdistan Restarts 230,000 bpd Oil Production Following Drone Attacks
Iraqi Kurdistan has resumed oil production of up to 230,000 barrels per day across most of its oilfields following disruptions from drone attacks.
Iran's Supreme Leader Appeals for Unity Amid Escalating Economic Crisis and Petrol Shortages
Iran's supreme leader, Ayatollah Mojtaba Khamenei, has called for national unity amidst severe economic pressures, a plunging rial, and a worsening petrol crisis that has triggered panic-buying.
UAE Central Bank Launches Urgent Investigation Into Banque Misr Following US Money Laundering Warning
The UAE Central Bank is launching an urgent forensic investigation into Banque Misr's local branches after US authorities raised money laundering concerns. The probe will examine targeted transactions and review compliance standards.
Venezuela Defends Sovereignty Following Historic $200B US Oil Deal
Venezuela's interim president, Delcy Rodriguez, insists the country maintains its sovereignty despite a major 25-year oil deal with the US that could generate over $200bn annually.
US Treasury Secretary Scott Bessent Pressures G20 to Isolate Iran's Economy Amid Escalating Tensions
US Treasury Secretary Scott Bessent is set to urge G20 nations to isolate Iran's economy and cut off its financial networks during this week's ministerial meeting.
How the Iran Conflict is Boosting US Oil Profits While Threatening Vital Gulf Energy Infrastructure
US oil majors are reporting record earnings driven by rising oil prices amid the conflict with Iran, yet their regional infrastructure and long-term investments in the Gulf face severe disruption and security threats.
Qatar and Türkiye Set Ambitious $5 Billion Bilateral Trade Target to Deepen Economic Ties
Qatar and Türkiye have established a new $5 billion target for bilateral trade, aiming to deepen economic cooperation, supply chain resilience, and investment ties.
US Imposes Sweeping Sanctions on Nearly 60 Entities Targeting Iran’s Economy
The US Treasury Department has imposed sweeping sanctions on nearly 60 individuals and entities across multiple nations to isolate Iran's economy amid ongoing conflict.
China Vows to Defend Its Interests as US Expands Iran Sanctions and Economic Pressure
China has vowed to safeguard its national interests after the United States unveiled new sanctions targeting its economic partner Iran. Beijing rejected Washington's unilateral pressure campaign, warning of strong resistance against any measures affecting Chinese companies.
Nairobi Businesses Shut Down as Kenyan Police Disperse Import Duty Protesters with Tear Gas
Kenyan police deployed tear gas in Nairobi as hundreds of traders closed businesses to protest a contentious hike in import duties.