Economy
Business and economy news
1542 articles in this section
Dubai Completed Property Investments Soar Past $30 Billion in Early 2026
Investments in completed Dubai real estate projects surged 52 percent year-on-year to $30.2 billion in the first half of 2026, showcasing strong market resilience.
Walmart Shares Plunge as US Consumer Spending Retreats Amid Rising Costs
Walmart shares dropped sharply after reporting its slowest quarterly sales growth in six years, as rising petrol prices and inflation cause US consumers to pull back on spending.
US Imposes New Economic Sanctions on Cuba Targeting Key Mining and Construction Sectors
The United States has announced new economic sanctions targeting nine state-owned mining, metal, and construction companies in Cuba as part of an ongoing maximum pressure campaign by the Trump administration.
Bitcoin Surges Past $75,000 Amid US Treasury Bond Plans and Trump Crypto Push
Bitcoin climbed past $75,000 following US Treasury bond buyback announcements and President Donald Trump's push for crypto legislation.
Panama Canal Announces Shipping Restrictions Due to Impending El Nino Drought Conditions
The Panama Canal Authority is set to reduce daily vessel transits starting in September to conserve water amidst impending El Nino drought conditions.
AD Ports Group Appoints HSBC as Financial Adviser for L'imad Takeover Bid
AD Ports Group has hired HSBC to advise on a multi-billion-dirham voluntary conditional cash offer from Abu Dhabi sovereign investment arm L’imad to acquire all remaining shares.
Pentagon Surges Missile and Air-Defense Spending Amid Shifting Warfare Demands
The Pentagon's budget request for financial year 2027 reveals massive funding increases for missiles and air-defense systems, driven by the evolving demands of modern warfare and the ongoing US war with Iran.
US Military Surges Missile and Air-Defence Spending Amid Rapidly Evolving Warfare
The US military is requesting massive funding increases for missiles, air-defence systems, and counter-drone technology for the financial year 2027. This surge reflects a strategic shift away from traditional ground combat toward aerial and missile defense.
⚠️DeletedBitcoin Surges Past $75,000 Amid US Policy Shifts and Regulatory Optimism
Bitcoin surpassed $75,000 during an Asian trading rally fueled by US Treasury bond buyback announcements and renewed presidential backing for crypto legislation.
Why the Green Transition Must Deliver Jobs Today, Not Just Climate Targets for 2050
Addressing high global youth unemployment requires aligning the green transition with immediate economic opportunities rather than focusing solely on long-term climate targets. True sustainability must encompass the triple bottom line of people, planet, and prosperity.
Oil Prices Jump 3% as US Reinstates Iran Sanctions After Hormuz Deal Expires
Oil prices climbed nearly 3 per cent following the expiry of a US-Iran deal and renewed US pressure on Tehran, exacerbating supply concerns in the Strait of Hormuz.
Dubai Drivers Face Expanding Paid Parking Network as Parkin Cites Urban Growth
Parkin executives say Dubai's expanding paid parking network is essential to manage traffic and urban growth, despite facing some resident criticism.
Trump Warns of Severe Economic Consequences for Countries Dealing With Iran
US President Donald Trump has threatened severe economic consequences for any country supporting Iran, prompting responses from international partners and Iranian officials amid ongoing trade suspensions.
Iran Prepares to Defend Its Economy as Washington Threatens Unprecedented Sanctions
Iran is bracing for severe new US economic sanctions and a continued naval blockade while keeping the strategic Strait of Hormuz closed until previous agreements are honored.
Exploring New Alamein: Egypt's Modern Yet Ghost-Town Coastal Destination
A visit to Egypt's New Alamein reveals a massive, multi-billion-dollar coastal development that feels strangely exclusive and deserted, raising questions about its high costs and lack of residents.
Rising Costs in Iran Highlighted in Recent Video Amid Economic Pressures
A short video examines how ongoing conflict is making life increasingly expensive for people in Iran.
US Treasury Doubles Debt Repurchases to Stabilize Bond Market Amid Rising Inflation and Federal Reserve Rate Pressures
The US Treasury has announced plans to double its government debt repurchases to stabilize the bond market, as long-term yields hit 20-year highs and the Federal Reserve weighs potential interest rate increases.
Egypt Secures $2 Billion Investment from Chinese Industrial Giant for Suez Canal Zone Mega-Project
Egypt has secured a $2 billion investment from a major Chinese industrial partner to build a high-tech green manufacturing complex in the Suez Canal Economic Zone.
Inside Meta's Landmark Trial: The Staggering Financial and Structural Risks of the Social Media Addiction Lawsuit
Meta is facing a landmark federal trial brought by 29 state attorneys general over allegations that Facebook and Instagram are designed to create addictive behaviors in young users. The massive lawsuit could result in structural platform changes and up to $1.4 trillion in fines.
Trump Unleashes Unprecedented Economic Warfare and Complete Isolation Against Iran
US President Donald Trump announced unprecedented economic warfare and isolation against Iran, warning that any nations supporting Tehran will face severe consequences.
Prime Minister Mostafa Madbouly Tasks Egyptian Diplomats with Driving Foreign Investment and Boosting Exports
Prime Minister Mostafa Madbouly met with Egypt's newly appointed diplomatic heads to urge them to prioritize attracting foreign investments, boosting trade, and promoting tourism.
Iran Central Bank Chief Admits Oil Exports Have Plunged to Zero Amid Intense US Pressure
Iran's central bank chief has confirmed that the country's oil exports have fallen to zero amid mounting economic pressure and a deepening stalemate with Washington.
Dubai Inflation Eases in July Following June Peak Driven by Global Energy Pressures
Dubai's annual inflation eased to 5.33 per cent in July from June's peak as transport costs moderated, though economists warn of potential short-term rebounds due to August fuel price adjustments.
Japanese Foreign Minister Toshimitsu Motegi Tours Gulf to Address Maritime Security and Energy Flows
Japanese Foreign Minister Toshimitsu Motegi is visiting Saudi Arabia and Oman to address critical maritime security challenges and secure stable energy flows amid regional shipping disruptions.