Economy
Business and economy news
1542 articles in this section
UAE Investment Firm MGX Co-Leads Massive $5 Billion Funding Round for AI Giant Databricks
UAE-based MGX has co-led a massive $5 billion funding round for AI firm Databricks, helping push the company's valuation to $190 billion.
UAE Condemns Iran Over Attacks on Two ADNOC Vessels in the Strait of Hormuz
The UAE has strongly condemned Iran for attacking two ADNOC vessels in the Strait of Hormuz, labeling the hostile actions as economic coercion and piracy.
How Gaza's Freelancers Find Stability and Employment in Shared Coworking Spaces
Gaza freelancers facing soaring unemployment are increasingly relying on shared coworking spaces equipped with solar power and stable internet to maintain their remote jobs.
UAE Business Owners Praise New Copyright Music Licensing Fees for Supporting the Local Creative Community
Local UAE business owners have welcomed the Ministry of Economy's new copyright music licensing fees, noting that supporting the Cultural Support Fund for Music directly benefits the creative community.
White House Alleges Dozens of Nations Help China Evade US Tariffs in Multi-Billion Dollar Scheme
The US administration has accused over 40 countries of helping China evade tariffs through a massive transshipment network, costing the government billions in annual revenue.
US Administration Prepares Unprecedented Economic Squeeze and Naval Blockade Against Iran
The Trump administration is intensifying financial pressure and maintaining a naval blockade to drive Iran's economy to the limit and force the reopening of the Strait of Hormuz. Treasury and energy officials highlight severe inflation and plunging oil exports as key elements of this economic campaign.
Nvidia Secures $500 Billion to Transform AI Infrastructure into a Global Asset Class
Nvidia has raised a $500 billion private capital pool from major Wall Street financiers to transform artificial intelligence infrastructure into a mainstream, financeable global asset class.
Brazil Initiates Consultations for Retaliatory Actions Following New US Tariffs
Brazil has launched consultations for potential retaliatory measures after the US imposed 25 percent tariffs on various Brazilian exports. President Luiz Inacio Lula da Silva's government plans to use the Reciprocity Law to defend the national economy.
International Salvage Operations Underway for Stricken Oil Tanker Leaking Off Oman
International salvage teams have begun operations to stabilise the leaking oil tanker Caroline Bezengi off the coast of Oman as a rapidly expanding oil spill threatens local marine ecosystems.
AD Ports Group Reports 86% Q2 Profit Surge Driven by Trade Routes Avoiding Strait of Hormuz
AD Ports Group reported an 86 per cent surge in second-quarter net profit, reaching Dh596.7 million, by successfully rerouting trade away from the closed Strait of Hormuz.
Emirates Restarts Partial Bahrain Flights While Kuwait Services Remain Grounded
Emirates has announced a partial resumption of flights between Dubai and Bahrain starting August 15, while its services to Kuwait remain suspended amid ongoing regional airspace disruptions.
Manus on Markets Analyzes the Costliest US Bond Sale Since 2001 Amid Global Financial Turmoil
Manus Cranny explores the costliest US bond sale since 2001 amid widespread global financial flux and international news headlines.
Abu Dhabi's XRG Expands Latin American Footprint with Venezuela Offshore Gas Licence
Abu Dhabi's XRG has entered Venezuela's energy sector after securing an offshore natural gas licence for the Loran field alongside bp and UCC.
Dubai's Parkin Reports 14% Revenue Surge in Q2 2026 Despite Geopolitical Headwinds
Dubai's parking operator Parkin reported a 14 per cent increase in second-quarter revenue to Dh364.1 million for 2026, driven by expansion and seasonal cards despite a drop in public parking transactions.
Parkin Reports 14% Revenue Growth in Q2 2026 Despite Geopolitical Pressures and Lower Public Transactions
Dubai parking operator Parkin reported a 14 per cent increase in revenue to Dh364.1 million for the second quarter of 2026, driven by growth in seasonal cards, enforcement, and developer parking despite geopolitical challenges.
Tragic Explosion at Rotterdam Port Energy Facility Leaves One Dead and Several Injured
A fatal explosion during maintenance at a petroleum storage facility in Europe's largest port, Rotterdam, has left one person dead and several wounded.
How a Community Rallied to Save Dubai's Iconic Camel Soap Factory
When a sharp drop in tourism threatened Dubai's The Camel Soap Factory, a community-driven campaign called Save Our Soap rallied local residents and businesses to keep the home-grown enterprise afloat.
Hezbollah Struggles to Pay War Compensation Amid Dwindling Iranian Funding and Strict Airport Crackdowns
Residents in Lebanon report that Hezbollah is failing to pay compensation for homes destroyed in the recent conflict, highlighting severe strain from dwindling Iranian funds and tightened airport security.
Severe Drought Forces Shutdown of Romania’s Sole Nuclear Plant as Danube Levels Plummet
Romania has completely suspended operations at its Cernavoda nuclear plant due to historic low water levels in the Danube River caused by a severe European drought. Meanwhile, neighbouring Hungary is taking emergency measures to protect its own nuclear facility as shipping and power generation face mounting disruptions.
Understanding the UK's Cost of Living Crisis Through Five Key Charts
Rising energy and fuel costs, driven by conflict in the Middle East, are exacerbating the cost of living crisis and putting pressure on household budgets across the UK.
US Production Debated as Tariffs Questioned in Recent Video Report
This article and video report examine whether tariffs are an effective tool for boosting domestic production in the United States.
Qatari Diar Launches First Phase of Massive $29.7 Billion Alam Al-Roum Project in Egypt
Qatari Diar has launched the first phase of the $29.7 billion Alam Al-Roum project on Egypt's North Coast, aiming to create a fully integrated, year-round city in Matrouh Governorate.
Russia Expands Direct Flight Routes to Egypt with New Services to Alexandria and Al Alamein
Russia's Federal Air Transport Agency has authorized direct flights to Borg El Arab and Al Alamein international airports, opening Egypt's Mediterranean coast to Russian tourists.
Egypt's Foreign Reserves Surpass $50 Billion Amid Historic Stock Market Surge
Egypt's foreign exchange reserves have exceeded $50 billion as the Egyptian Exchange (EGX) experiences historic trading volumes and renewed investor confidence.