Economy
Business and economy news
1542 articles in this section
Iran Grants Special Permission for Iraqi Oil Tankers to Navigate Strait of Hormuz
Iran has permitted several Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad. Iraqi President Nizar Amidi emphasized the nation's economic vulnerability and commitment to avoiding regional conflict.
Trump Waives Beef Tariffs for 90 Days in Bid to Lower Household Prices
US President Donald Trump announced a 90-day waiver on beef import tariffs to lower consumer prices by 25 percent, drawing both support and criticism from agricultural groups ahead of the midterm elections.
Bolivian President Rodrigo Paz Dismisses Economy Minister Following Congressional Censure and Unrest
Bolivian President Rodrigo Paz has ousted Economy Minister Jose Gabriel Espinoza following a congressional censure, attempting to ease widespread public anger and secure legislative backing for key economic reforms.
Damietta Port Manages 30 Vessels and Thousands of Tons of Cargo in 24-Hour Period
Damietta Port handled 30 vessels and processed thousands of tons of cargo, including various imports, exports, and container traffic over a 24-hour period.
Prime Minister Mostafa Madbouly Hails Julius Nyerere Dam as a Symbol of Egypt's Expanding Influence in Africa
Prime Minister Mostafa Madbouly attended the inauguration of the Julius Nyerere Dam in Tanzania, highlighting the project as a major milestone in Egyptian-Tanzanian cooperation and a symbol of Egypt's expanding influence in Africa.
Egyptian Economy Demonstrates Strong Resilience Amid Global Shocks, Says Planning Minister
Minister of Planning and Economic Development Ahmed Rostom highlighted Egypt's economic resilience and growth during a meeting with international real estate executives.
Facing Famine: Can Somalia Avoid an Impending Humanitarian Crisis?
Approximately six million people in Somalia face severe hunger amid compounding droughts, conflicts, and drastic international aid cuts. Experts discuss the mounting crisis and its dire consequences.
Iran Condemns Impending US Sanctions as a Threat to Global Sovereignty and Classic Colonialism
Iran has condemned impending US sanctions as an assault on global sovereignty and a return to colonialism, amid escalating tensions and stalled peace talks between Washington and Tehran.
US-Canada Trade War Reignites as Last-Minute Negotiations Collapse
Trade negotiations between the US and Canada collapsed at the last minute, leading to the immediate implementation of 50% tariffs and a swift vow from Ottawa to match the levies dollar for dollar.
US National Debt Surpasses $40 Trillion as Financial Burden Falls on Americans
The United States national debt has officially surpassed $40 trillion, leaving the financial burden directly on American citizens.
Egyptian Prime Minister Mostafa Madbouly Travels to Tanzania for Julius Nyerere Dam Inauguration
Egyptian Prime Minister Mostafa Madbouly traveled to Tanzania to inaugurate the Julius Nyerere Hydroelectric Dam, a major cooperative development project built by Egyptian and Tanzanian teams.
Panama Canal Prepares for Reduced Shipping Capacity Amid Approaching El Nino Conditions
The Panama Canal is reducing shipping operations in response to approaching extreme El Nino conditions, according to a recent video report.
Examining the Economic Impact of Trump's Tariffs on Canada
A short video explores how potential tariffs implemented by Trump could impact the economy of Canada.
Hurghada Hotels Achieve Full Capacity for Third Straight Month Amid Tourism Boom
Hurghada hotels and resorts have maintained near-100 percent occupancy for the third consecutive month, driven by strong international and domestic tourism demand.
Navigating UAE Real Estate: How to Accurately Value Your Apartment and Choose Between Off-Plan and Completed Properties
Property experts share essential advice on how UAE homeowners can accurately value their apartments and guide international investors through the choice between off-plan and completed properties.
Trade Talks Collapse as US Imposes 50% Tariffs on $20bn in Canadian Goods
The United States has imposed 50-percent tariffs on over $20bn in Canadian goods after trade negotiations in Washington DC failed, prompting Canadian Prime Minister Mark Carney to vow dollar-for-dollar retaliation.
World Bank Warns Lebanon's Economy Faces 6.4 Percent Contraction in 2026 Amid Renewed Conflict
The World Bank projects Lebanon's GDP will contract by 6.4 per cent in 2026 due to the ongoing Israel -Hezbollah war, severely reversing a brief economic recovery.
Escalating Civilian Casualties and Economic Strain Spark Warnings of Social Crisis in Russia
As rising civilian casualties in Ukraine meet devastating long-range strikes on Russian fuel and infrastructure, a top Russian economist warns of an impending social crisis.
UAE Extends Pension Coverage to Part-Time Emirati Workers in Public and Private Sectors
The General Pension and Social Security Authority announced that Emiratis working part-time hours in public and private sectors will now be eligible for UAE pension coverage.
Why China and Russia Complicate Donald Trump's Strategy to Isolate Iran
President Donald Trump has threatened severe economic consequences for nations aiding Iran, but analysts argue that strong trade ties with China and Russia will hinder Washington's isolation strategy.
Al Hudayriyat Island Leads Abu Dhabi Real Estate Sales in Strong First Half of 2026
Al Hudayriyat Island led Abu Dhabi real estate sales in the first half of 2026, reaching Dh19 billion amid continued market resilience.
US Energy Department Allocates $500 Million to Boost Domestic Critical Mineral Projects
The US Energy Department has announced $500 million in grants for seven critical minerals companies to strengthen domestic supply chains and reduce foreign dependence.
Oil Set for Weekly Gains While Gold and Bitcoin Surge on US Treasury Buyback Plans and Iran Tensions
Oil prices are heading for a weekly gain alongside surging gold and Bitcoin prices driven by US Treasury buyback plans and escalating tensions with Iran.
Fears for the Future Mount as Houthi Attacks Force Closure of Yemen's al-Makha Port
The suspension of operations at al-Makha port following Houthi attacks has left 1,500 workers jobless and sparked deep concerns among local traders and fishermen.