Economy
Business and economy news
1542 articles in this section
Nakheel Begins Handover of Nearly 900 Homes at Redeveloped Jebel Ali Village
Dubai developer Nakheel has started handing over 892 newly built villas and town houses at the redeveloped Jebel Ali Village community.
Abu Dhabi Sovereign Fund L'imad Bids for Full Ownership of AD Ports Group in Major Logistics Expansion
Abu Dhabi sovereign fund L'imad has announced a voluntary conditional cash offer to acquire the remaining shares of AD Ports Group through its subsidiary ADQ in a major expansion move.
Japan’s Second-Quarter Growth Falters Amid Weak Consumption and Capital Spending
Japan's economic growth slowed in the second quarter, missing analyst forecasts as weak private consumption and falling capital expenditures offset strong export gains.
Iran Resumes Oil Loading at Kharg Island Terminal Amid Strait of Hormuz Disruptions
Iran has resumed oil loading at the Kharg Island terminal and rerouted oil flow as shipping slows through the Strait of Hormuz. Meanwhile, political developments unfold between Iran and the US alongside regional updates.
Ferrari's First Electric Vehicle Smashes Records With $40 Million Auction Sale
Ferrari NV's first all-electric vehicle, the Luce, defied early criticism to sell for a record-breaking $40 million at a Sotheby's charity auction during Monterey Car Week.
Gulf Stock Markets Surge Amid Ongoing Iran Impasse and Strait of Hormuz Disruptions
Gulf stock markets advanced on Sunday, led by Saudi Arabia, despite ongoing conflicts, strained diplomacy, and continued shipping disruptions in the Strait of Hormuz.
Iran Resumes Crude Loading at Kharg Island While Expanding Alternative Maritime Routes
Iran has resumed crude oil loading at Kharg Island's western terminal following a 25-day shutdown, utilizing alternative maritime routes to bypass the Strait of Hormuz blockade.
Struggling to Survive: How US Conflict and Blockade Are Choking Iran's Economy
Iranians face dwindling employment options, skyrocketing inflation, and severe economic hardship amid an ongoing war with the United States and a naval blockade.
Egypt and Libya Seal Historic Agreement to Launch Annual Industrial Fair in Benghazi by April 2027
The Federation of Egyptian Industries and the General Libyan Union of Chambers of Commerce have signed a protocol to launch an annual industrial exhibition in Benghazi by April 2027 to boost cross-border trade and economic integration.
Colombia Urges US to Suspend Tariffs as Nation Faces Devastating Earthquake Recovery
Colombian President Abelardo de la Espriella has asked US President Donald Trump to temporarily suspend tariffs to aid the country's recovery from a deadly 7.4-magnitude earthquake.
Inside a Food App Founder's Dh155,000 Four-Bedroom Villa in Dubai's Villanova
Briton Andrew Burgess shares details of his four-bedroom rental villa in Dubai's Villanova community, where he pays Dh155,000 a year with his family.
Quiet Revolution: Electric Bikes Gain Traction in Nigeria Amid Skyrocketing Fuel Prices
Rising fuel prices following the removal of Nigeria's petrol subsidy are driving commercial transport operators in Gombe to adopt electric motorcycles as a cost-effective alternative.
Scarce and Priceless: How a Simple Lighter Became Essential to Survival in Gaza
Displaced families and workers in Gaza are relying on fragile, frequently repaired lighters and shared sparks to cook and survive amid severe wartime shortages.
Dubai Customs Thwarts Massive Smuggling Attempt of Over 70 Million Cigarettes Bound for Europe
Dubai Customs intercepted nine shipments containing over 70 million cigarettes disguised as clothing, successfully thwarting a major smuggling operation bound for Europe.
Jordan's King Abdullah II Seeks Economic Ties in China Amid Regional War Fallout
Jordan's King Abdullah II is set to visit China to meet President Xi Jinping and discuss economic cooperation as the kingdom's economy suffers from the impact of the Iran war.
From Rooftops to Recovery: Gaza's Beekeepers Fight to Revive Their War-Tattered Industry
Despite severe wartime destruction, restrictions, and the loss of agricultural land, resilient beekeepers in Gaza are restarting their businesses on rooftops and struggling to keep the local honey tradition alive.
Egypt's Petroleum Minister and Elsewedy Capital Holding Fast-Track New Phosphate Fertilizer Plant
Petroleum Minister Karim Badawi and Elsewedy Capital Holding Chairman Ahmed Elsewedy met to accelerate the development of a new phosphate fertilizer plant in the Suez Canal Economic Zone.
Beyond Oil: How Prolonged Regional Conflict Reshaped Gulf Economies
Five months into the US war with Iran, Gulf economies have faced severe disruptions to energy exports and supply chains through the Strait of Hormuz, shifting economic focus from oil prices to geopolitical dependence.
Left Behind by Progress: The Indigenous Women Excluded from India's Largest River Project
Displaced women in Madhya Pradesh are being denied compensation due to administrative oversights in India's first major river-linking project, leaving vulnerable families without homes or support.
UK Keeps Strong Fitch Rating as Energy Pressures Threaten Growth and Inflation
Fitch has maintained the UK's AA- sovereign credit rating, but warned that soaring energy prices and inflation will slow economic growth under Prime Minister Andy Burnham.
UAE Gender Balance Strategy 2027–2031 to Unlock New Horizons for Talent, Says Sheikha Manal
The UAE Gender Balance Council has announced a new community survey as part of the UAE Gender Balance Strategy 2027–2031 to expand opportunities for talent and economic empowerment.
Egypt Strengthens Maritime Trade Fleet with Two Massive New Cargo Ships from China
Egypt's National Navigation Company has expanded its fleet by taking delivery of two massive 82,000-ton dry bulk carriers from China as part of a broader strategy to boost international trade capabilities.
Oil Prices Surge as US Threatens Indefinite Blockade Against Iran
Oil prices have risen as the US threatens an indefinite blockade against Iran and prepares to deploy the USS George Washington carrier to the Middle East amidst regional escalations.
Oil Prices Surge as US Threatens Iran with Indefinite Blockade and Severe Financial Sanctions
Oil prices rose as the US threatened Iran with an indefinite naval blockade and severe financial sanctions, escalating supply concerns and driving weekly gains.