Economy
Business and economy news
1542 articles in this section
Egypt Secures $168 Million in New Export Deals with China
Egypt's Ministry of Investment and Foreign Trade announced the signing of 17 export contracts worth $168 million with China during the 'Export to China' event. The agreements aim to boost shipments of various Egyptian products, including agricultural goods, textiles, and minerals.
Egypt and UAE's Modon Review Rapid Progress on Ras el Hekma Development
Housing Minister Randa al-Menshawy met with UAE's Modon Holding Managing Director Abdulla Al Sahi to review construction progress and future plans for the Ras el Hekma development project.
Impact of Conflict on the Rising Cost of Living in Iran and Regional Strikes
Recent video footage highlights a missile strike on the Ukrainian capital while ongoing conflict continues to drive up living expenses for people in Iran.
Strait of Hormuz Data Reveals Whether Ships Fear Iran or the US More
Traffic data from the Strait of Hormuz reveals that commercial vessels are more willing to openly defy US threats than to risk offending Tehran, despite heavy naval blockades and military strikes.
Climate Change Could Triple the Size of Wildfire-Affected Areas Across Europe
New research warns that climate change could triple the size of wildfire-affected areas across Europe by the end of the century. Meanwhile, a new report highlights the escalating economic costs of extreme heat in London.
Why Modern Workplaces Must Adapt to Help Employees Balance Careers and Life
Organisations must adapt their career and workplace models to support employee flexibility and personal responsibilities as technology and workforce dynamics evolve.
Sharjah’s Arada Group Unveils $1.36 Billion Twin-Tower Residential Project on Australia's Gold Coast
Sharjah-based Arada Group is expanding its footprint in Australia with a $1.36 billion twin-tower residential project in Broadbeach on the Gold Coast, targeting completion before the 2032 Olympic and Paralympic Games.
Strait of Hormuz Oil Flows Tripled Under US-Iran MoU Before Expiration, Ship Tracking Data Reveals
Oil shipments through the Strait of Hormuz surged while a US-Iran MoU was in effect, but expired without a permanent peace deal amid ongoing commercial vessel attacks.
Manus on Markets: Analyzing the Effectiveness of Bessent's Bond Buybacks
Manus Cranny examines whether Bessent's bond buybacks will work amidst a backdrop of global financial flux, tariff turmoil, and major international headlines.
Abu Dhabi Set to Double Power Demand by 2050 Amid Rapid Economic and Digital Growth
Abu Dhabi's power demand is expected to double by 2050, fueled by rapid economic expansion, population growth, and heavy investments in renewable energy and artificial intelligence infrastructure.
US Administration Weighs Support for Lebanon's Ailing Electricity Sector
The US is reviewing Lebanon's decades-old electricity crisis for potential support following talks between President Donald Trump and Lebanese President Joseph Aoun. The initiative aims to bolster the Lebanese state and reduce reliance on private generators and Hezbollah-linked energy networks.
Turkey Enters Syria's Oil and Gas Sector with Major Exploration Deals
Turkey has agreed to launch oil and gas exploration in Syria as Damascus seeks foreign investment to rehabilitate its battered energy sector following years of civil war.
Six Countries Offer Lucrative Financial Grants and Incentives for Egyptians Seeking to Live and Work Abroad
Six countries are currently offering financial grants, housing support, and relocation incentives to attract international workers and entrepreneurs, though standard visa and residency requirements still apply.
Prime Minister Moustafa Madbouly Oversees Leadership Transition at SCZONE
Prime Minister Moustafa Madbouly presided over the formal handover of the Suez Canal Economic Zone presidency from outgoing chairman Walid Gamal al-Din to newly appointed chairman Moustafa Shekhon.
Manus on Markets: UAE Suspends Trade and Financial Transactions with Iran Amid Global Economic Shifts
Manus Cranny explores global financial shifts, highlighted by the UAE halting trade and financial transactions with Iran, alongside other international news updates.
US and Canada Secure Last-Minute Trade Agreement to Avoid Massive Tariffs, Trump Announces
US President Donald Trump announced that the United States and Canada have reached a trade agreement to prevent a 50 percent tariff on Canadian goods just before a midnight deadline.
Why Iraq's Economic Crisis Requires Deep Reform Rather Than Currency Redenomination
As Iraqi officials consider redenominating the dinar, experts emphasize that deep-seated corruption and a lack of public trust in financial institutions remain the nation's true economic hurdles.
Why Coal Profits Are Surging Worldwide Amid the Iran War Crisis
The war on Iran and the resulting disruption of oil and gas supplies have forced nations worldwide to fall back on coal, driving a major surge in consumption and profits for producers like South Africa's Thungela Resources.
US Refineries Now Import Half of Venezuela's Oil Output, Senior Official Reveals
A senior US official revealed that the United States is now taking in half of Venezuela's oil output, following months of major political shifts and production adjustments.
Jordan's King Abdullah Seeks Deeper Economic Ties with Chinese Executives in Shanghai
Jordan's King Abdullah met with Chinese business executives in Shanghai to strengthen economic partnerships and discuss regional challenges amid the ongoing Iran war.
Saudi Aramco and Maaden Join Forces to Unlock $2.5 Trillion in Mineral Wealth
Saudi Aramco and Maaden have formed a joint venture to explore critical minerals across a 182,000-square-kilometre area, supporting Saudi Arabia's goals to diversify its economy and tap into $2.5 trillion of mineral wealth.
Top Russian Economist Ousted After Publicly Warning of Ukraine War's Economic Toll
Top Russian economist Andrey Klepach lost his position at VEB shortly after his critical remarks about the economic toll of the war in Ukraine were made public.
Soaring Tobacco Taxes and Mild Penalties Drive Booming Global Illicit Cigarette Trade
Experts warn that punitive tobacco taxes and lenient smuggling penalties are driving a booming global black market, following a massive seizure of over 70 million illicit cigarettes by Dubai Customs.
Brazil's President Champions Amazon Oil as the 'Passport to the Future'
Brazil's president has declared that Amazon oil represents a passport to the future, according to a recent video report.