Economy
Business and economy news
1120 articles in this section
Malawi Motorists Endure Days of Waiting Amid Severe Fuel Shortage
Motorists in Malawi are enduring days of waiting in long queues at filling stations as a severe fuel shortage impacts drivers across the country.
Ukraine Raises Alarm Over Trump-Putin Diesel Deal Funding Russia's War Effort
Ukraine issues a warning that a diesel agreement involving Trump and Putin will financially support Russia's military campaign. The statement was highlighted in a video report.
Experts and Finance Ministry Welcome Fitch Affirming Egypt's 'B' Rating Amid Economic Resilience
Economic experts and the Finance Ministry welcomed Fitch affirming Egypt's "B" rating with a stable outlook, highlighting the nation's economic resilience and growth amid regional challenges.
S&P Upgrades UK GDP Growth Forecast on Strong Consumer Spending and Services
S&P Global Ratings has raised its UK GDP growth forecast to 1.3 per cent, driven by resilient consumer spending and services despite regional conflicts and domestic fiscal pressures.
Egypt's Planning Minister and LinkedIn Partner to Prepare National Workforce for Future Job Market Demands
Egyptian Planning Minister Ahmed Rostom and LinkedIn executive Firas Abu Hamza met to discuss aligning national workforce skills with future job market demands using big data and analytics.
US-Russia Diesel Agreement Sparks Criticism and Doubts Over Feasibility
A new US-Russia energy agreement to supply diesel has drawn sharp criticism from Ukrainian leaders and energy analysts who question the feasibility of the figures and highlight political double standards.
Egypt Possesses the Potential to Exponentially Grow Tourist Arrivals, Says Tourism Minister
Egyptian Minister of Tourism and Antiquities Sherif Fathy highlighted Egypt's potential to multiply its tourist arrivals during the WTTC's 26th Global Summit in Malta.
US Tech Rebounds Strongly, but Questions Linger Over the Great Investment Rotation
US technology stocks have bounced back strongly despite rising bond yields and market volatility, though experts warn that broader economic risks and valuation concerns remain.
Delta Air Lines Cuts Profit Forecast as Soaring Fuel Costs Offset Strong Travel Demand
Delta Air Lines reduced its profit forecast for the year due to soaring fuel costs driven by international tensions, despite strong overall travel demand and robust premium bookings.
Trump Lifts US Sanctions on Russian Diesel Exports to Combat Surging Fuel Prices
US President Donald Trump has lifted sanctions on Russian diesel exports to lower soaring fuel prices ahead of the midterm elections, drawing criticism from Ukraine.
US President Donald Trump Secures Major Russian Diesel Deal to Combat High Fuel Prices
United States President Donald Trump announced a major diesel supply deal with Russia following talks with President Vladimir Putin amid high fuel costs.
Qatari Fintech Startup Dibsy Makes Historic Debut on Forbes Middle East's 2026 Fintech 50 List
Qatari payment infrastructure firm Dibsy has been named to Forbes Middle East's 2026 Fintech 50 list as the sole representative from Qatar, following rapid transaction growth throughout 2025 and 2026.
From The X Factor to Real Estate Success: How JJ Thompson Built a Dh130,000 Monthly Income in Dubai
Former X Factor contestant and radio presenter JJ Thompson shares his journey of transitioning into Dubai real estate, where he now earns Dh130,000 a month after overcoming financial struggles.
Violent Clashes Erupt in Brussels as Thousands Protest Against Federal Austerity Plans
Thousands of protesters gathered in Brussels for an anti-austerity demonstration organized by trade unions, resulting in clashes, tear gas deployment, and property damage.
Trump Establishes Committee to Investigate Federal Reserve Governor Lisa Cook Over Mortgage Allegations
US President Donald Trump has formed a committee to investigate Federal Reserve Governor Lisa Cook regarding allegations tied to a 2021 mortgage application. The upcoming November 5 hearing will examine whether sufficient cause exists for her removal.
Dubai Cashless Strategy Boosts Economy with Dh8 Billion Contribution Ahead of Schedule
The Dubai Cashless Strategy has contributed Dh8 billion to the economy, surpassing its 2026 targets ahead of schedule as digital transactions and community happiness indices both hit 90.1 per cent.
UAE President Sheikh Mohamed and Canadian PM Mark Carney Forge Closer Economic and Technological Ties
President Sheikh Mohamed and Canadian Prime Minister Mark Carney held discussions on strengthening economic, investment, and technological ties, building on their recent Comprehensive Economic Partnership Agreement.
Iraq Prepares to Launch Crude Oil Transport by Lorry to Syria by Mid-October Amid Strait of Hormuz Disruptions
Iraq plans to begin transporting crude oil to Syria by lorry from mid-October to boost energy exports affected by disruptions in the Strait of Hormuz.
Natixis CIB Targets Double-Digit Expansion in Middle East and Asia Amid Regional Uncertainty
French lender Natixis CIB projects double-digit growth in its Middle East and Asia operations this year and next, continuing its expansion despite regional economic challenges and the Iran war.
Binance Bridges Traditional Finance and Crypto with bStocks Launch in the UAE
Binance has launched bStocks in the UAE, allowing eligible users to trade tokenised US equities alongside digital assets on a single financial platform.
Abu Dhabi Launches Massive Qitaf City to Boost UAE Food Security and AgriTech
Abu Dhabi is developing Qitaf City, a massive four-million-square-metre agricultural community designed to enhance the UAE's food security and promote AgriTech innovation.
The Gulf Region Leads Global Megaprojects with Multi-Billion Dollar Developments
A Statista ranking reveals that the Gulf region is home to four of the world's nine megaprojects costing at least $100 billion, showcasing massive ambitions in urban and transport development.
UAE Economy Demonstrates Resilience with 0.4% Growth in H1 2026 Amid Regional Conflict
The UAE economy grew 0.4 per cent to Dh961.9 billion in the first half of 2026, driven by non-oil sectors despite the impact of the Iran war.
Oil Prices Head for Weekly Gains Driven by Middle East Tensions and Hurricane Isaias
Oil prices are on track for a weekly gain due to escalating Middle East tensions and disruptions from Hurricane Isaias, despite a slight dip following comments from US President Donald Trump.