Economy
Business and economy news
1542 articles in this section
Egypt and Italian Firms Advance $278M Bioethanol Production Initiative
Minister of Investment and Foreign Trade Mohamed Farid met with Italian firms Proger and Draxil to review the development of a $278 million bioethanol project using sugarcane bagasse.
Egypt's Electricity Minister Evaluates Dabaa Nuclear Progress and SMR Collaboration with Rosatom in Russia
Minister of Electricity and Renewable Energy Mahmoud Esmat met with Rosatom Director General Alexei Likhachev in Russia to review al-Dabaa Nuclear Power Plant construction and discuss potential cooperation on Small Modular Reactors.
Emirates Global Aluminium Progresses to 25% Restoration at Al Taweelah Smelter Following Iran Strike
Emirates Global Aluminium has reached 25 per cent completion in restoring its damaged Al Taweelah plant following an Iranian strike, targeting full production by the first quarter of next year.
Operation Economic Outcast: Assessing the Limits and Risks of New US Sanctions on Iran
The United States has unveiled Operation Economic Outcast, a new campaign of sanctions against Iran, but experts question its ultimate impact and note the risks of targeting Chinese banks.
UK Think Tank Proposes International AI Token Tax to Bridge Fiscal Deficit
A UK think tank report authored by Oxford professor Ben Ansell suggests an international AI token tax and domestic wealth reforms to address future government revenue gaps driven by an aging population.
Dubai's E-Commerce Blueprint Powers New Digital Super App to Revive Syria's Market
Syrian entrepreneurs are utilizing Dubai's e-commerce model to launch My Syria, a new super app bringing digital payments and online booking back to Syria's emerging market.
Trump's New Economic War Against Iran Relies on Beijing—Will Xi Jinping Cooperate?
As the US launches a new economic campaign against Iran, Washington faces the difficult challenge of securing China's cooperation. Beijing has strongly rejected unilateral sanctions and vows to protect its trade interests.
US Launches Operation Economic Outcast: How Secondary Sanctions Target Iran's Global Partners
The United States has introduced 'Operation Economic Outcast', threatening secondary sanctions against any nation or entity trading with Iran in a bid to sever Tehran's remaining economic lifelines.
Taqa Set for ADX Delisting Following Complete Acquisition by L’imad
Abu Dhabi sovereign wealth fund L’imad has completed a 100 per cent acquisition of Taqa, leading to the energy company's upcoming delisting from the Abu Dhabi Securities Exchange.
Global Economy Showing Resilience Against Energy Shock from Iran Conflict, IMF Chief Reports
IMF chief Kristalina Georgieva announced that the global economy is proving resilient against energy disruptions caused by the Iran conflict, aided by strategic reserves and the global AI boom, despite ongoing fiscal pressures.
Severe Fuel Shortages Trigger Long Queues and Panic Buying at Petrol Stations Across Tehran
Severe fuel shortages and panic buying have sparked long queues at petrol stations across Tehran and other Iranian cities, straining the nation's distribution network.
Oil Prices Plunge Over 3% to One-Week Low Following Sweeping US Sanctions on Iran
Oil prices dropped over 3 percent to a one-week low as investors evaluated the impact of sweeping new US economic sanctions on Iran and ongoing regional tensions.
Iran Dismisses US Threat of New Sanctions, Claiming America Lacks Economic Leverage
Iranian Parliament Speaker Mohammad Bagher Ghalibaf dismissed US Treasury Secretary Scott Bessent's threat of new sanctions, arguing that the US lacks the economic leverage to restrict global relations.
Smart Strategies to Cut Back-to-School Costs and Avoid the August Financial Hit
Experts share practical tips on how parents can reduce back-to-school financial stress by spreading purchases, buying generic items, and embracing second-hand uniforms.
UN Chief Proposes Emergency Mechanism to Safeguard Fertilizer Supply Through Strait of Hormuz Amid Global Conflict
UN Secretary General Antonio Guterres has proposed a new mechanism to secure fertilizer and essential goods shipments through the Strait of Hormuz amid escalating global shipping disruptions and soaring costs.
Qatar's MATAR Joins United for Wildlife to Fight Global Illegal Wildlife Trafficking
Qatar's MATAR has joined the United for Wildlife Transport Taskforce by signing the Buckingham Palace Declaration to strengthen Hamad International Airport's efforts against illegal wildlife trafficking.
US Intensifies Economic Pressure on Iran with Expanded Sanctions to Break War Impasse
The US is expanding secondary sanctions on Iran to isolate its economy and break the ongoing war deadlock, prompting warnings from Washington and retaliatory threats from Tehran.
Dubai's Parkin Sets Sights on Bahrain and Egypt in Major Regional Expansion
Dubai's public parking operator Parkin is expanding its operations into Bahrain and Egypt following new strategic partnerships. The company aims to bring its smart parking technologies and digital platforms to the wider region.
Saudi Arabia Commits $6 Billion to Build Manga-Themed Amusement Parks Near Paris
Saudi Arabia's Public Investment Fund has agreed to invest $6 billion in three manga-themed amusement parks near Paris, featuring themes like Dragon Ball.
US Unveils Maximum Pressure Campaign with New 'Economic D-Day' Sanctions on Iran
US Treasury Secretary Scott Bessent announced a severe new economic pressure campaign against Iran, targeting global financial interests, oil revenue, and key sectors to isolate Tehran.
Norway Pressures Ahead with Barents Sea Arctic Drilling to Secure European Energy Supplies
Norway's Energy Minister Terje Aasland announced that the country will press forward with Arctic oil and gas development in the Barents Sea to support European energy security, despite EU environmental restrictions.
Trump Administration Moves to Permanently Enforce $103,265 H-1B Visa Fee
The Trump administration has proposed a permanent $103,265 fee for H-1B work visas, drawing intense legal scrutiny and sparking debate across the tech, education, and research sectors.
Trump Threatens 50% Tariffs on Canadian Autos Following Collapsed Trade Negotiations
US President Donald Trump has threatened to impose a 50 per cent tariff on Canadian cars and automotive parts starting January 1 following the collapse of recent trade negotiations.
Egypt Champions Integrated Water Management Strategies to Maximize Resource Efficiency
Minister of Water Resources and Irrigation Hani Sewilam outlined Egypt's advanced strategies for sustainable water management during a lecture at COP17 in Mongolia.