Economy
Business and economy news
1542 articles in this section
Parkonic Offers Free Parking Across UAE Locations for Prophet Mohammed's Birthday Holiday
Private parking operator Parkonic has announced free parking across various UAE locations, including Abu Dhabi and Dubai, in observance of the Prophet Mohammed's birthday public holiday.
Why Market Returns and Peer Stories Fail to Measure Your True Financial Health
Relying on market returns and peer success stories is an ineffective way to measure personal financial health. True financial progress is better evaluated through five key questions focused on your personal goals and lifestyle.
Syria's President Completes Historic First Visa Payment Following Sanctions Relief
Syria's president makes the country's first Visa payment following the recent removal of economic sanctions.
How a 95 Percent Collapse in Strait of Hormuz Traffic Redefined Global Maritime Shipping
A 95 percent drop in vessel traffic through the Strait of Hormuz due to the ongoing conflict has severely disrupted global maritime trade, driving up energy prices and forcing major shifts in international shipping routes.
Unlocking the Future of Green Energy: Why Battery Storage is Essential for Renewables
Battery energy storage systems (Bess) are emerging as the vital solution to renewable energy intermittency, driving billions in investments and massive capacity expansions globally and across the Middle East.
Decoding Petrol Prices: How Global Markets and Government Policies Shape Fuel Costs
Global oil market volatility and regional conflicts influence petrol prices, while governments utilize various mechanisms like taxes, subsidies, and pricing formulas to manage fuel costs at the pump.
Syrian President Ahmed Al Shara Completes Country's First International Visa Transaction
Syrian President Ahmed Al Shara has executed the country's first international Visa transaction in Damascus, marking a major step in Syria's economic reintegration following the removal of US sanctions and terrorism designations.
AD Ports Board Recommends Shareholders Accept L'imad's Dh6.25-a-Share Takeover Bid
AD Ports Group's board has advised shareholders to accept L'imad's Dh6.25-a-share cash offer to take full control of the company, backed by a fairness opinion from HSBC.
Canada Fires Back with Counter-Tariffs on Over 700 US Products Amid Escalating Trade War
Canada has announced retaliatory tariffs on over 700 US products, matching recent duties imposed by US President Donald Trump as trade negotiations between the two nations collapse.
Media Giant Axel Springer Expands into the UAE with New Abu Dhabi Director
European media conglomerate Axel Springer is expanding into the UAE by appointing Frank Mahlberg as its new Middle East managing director based in Abu Dhabi.
Dubai International Airport Chief Confident DXB Will Retain World's Busiest Hub Crown Despite Conflict
Dubai International Airport expects to maintain its ranking as the world's busiest international hub this year despite a second-quarter traffic drop caused by regional conflict.
Iran's Bazaar Merchants Face Severe Economic Pressure as Rial Plummets to Record Low
Iran's bazaar merchants are struggling to keep their businesses afloat as a collapsing currency, rising rents, and new US sanctions deepen the country's economic crisis.
UAE School Bus Operator Emirates Transport Shields Parents from Rising Fuel Costs
Emirates Transport has assured UAE parents that rising fuel costs will not affect school bus fees, thanks to improved route efficiency and advanced technology.
Iran's Historic Bazaar Squeezed as Rial Plummets to Record Lows
Iran's bazaar merchants are facing severe financial strain as the rial hits a record low against the US dollar, compounded by rising rents, inflation, and new American sanctions.
Chinese Imports of Iranian Oil Plummet Nearly 50 Percent Amid Middle East Conflict
Chinese imports of Iranian oil have fallen by nearly half as ongoing conflict and blockades disrupt critical shipping lanes through the Strait of Hormuz and the Bab Al Mandeb.
India Opens Sensitive Defence Sector to Private Companies by Sharing Missile Technology Secrets
India's Defence Ministry has approved the transfer of DRDO-developed missile technology to private companies, marking a major shift to boost domestic manufacturing and end state monopolies.
UAE Shoppers Adopt Smart Strategies as Gold Prices Surge to Three-Month High
UAE residents are navigating a three-month high in gold prices by adopting smart shopping habits, choosing lightweight jewellery, and investing in smaller coins and bars.
Oil Prices Plunge to One-Month Low Amid US-Iran De-escalation and Oman Talks
Oil prices dropped to a near one-month low as constructive talks between Oman and Iran and expectations of halted US strikes eased geopolitical tensions.
Dubai Enforces Strict New Shared Housing Law to Combat Overcrowding and Fire Hazards
Dubai has enacted a new law regulating shared accommodation to combat overcrowding, improve safety standards, and impose strict penalties for illegal partitions.
Dubai International Airport Anticipates Robust Recovery in Second Half After Iran Conflict Impacts Q2 Growth
Dubai International Airport expects a stronger second-half recovery as airlines restore networks and traffic rebounds following Q2 disruptions caused by the Iran conflict.
Startup Executive Earning Dh200,000 Monthly Shares Wealth Wisdom and the Importance of Saving for Rainy Days
Harsh Garg, a high-earning tech executive and start-up co-founder based in Dubai, shares his financial journey, investment strategies, and the importance of saving for uncertain times.
UAE Ministry of Finance Outlines New Filing Obligations for Multinational Top-Up Tax
The UAE ministry of finance has released a new decision specifying filing obligations for the domestic minimum top-up tax under the OECD Pillar Two framework for large multinationals.
Inside Iran's Economic Crisis: The Iranian Rial Plummets to 2 Million Per US Dollar
The Iranian rial has crashed to a historic low of 2 million per US dollar, driving skyrocketing inflation and severe hardship for everyday citizens amid renewed sanctions and conflict.
Egypt Advances Dabaa Nuclear Project with Rosatom Amid Leaked Safety Concerns
Egypt is pressing forward with its Dabaa nuclear power plant in talks with Russia's Rosatom, even as leaked documents highlight significant construction and safety concerns.