Economy
Business and economy news
1126 articles in this section
Egyptian Tourism Minister Sherif Fathy Drives Cooperation and Direct Flights During Tokyo Talks
Egyptian Minister of Tourism and Antiquities Sherif Fathy met with Japanese tour operators in Tokyo during Tourism Expo Japan 2026 to boost bilateral tourism, enhance direct flights, and develop new travel programs.
Prime Minister Mostafa Madbouly Directs Strict Monitoring of Bread and Subsidized Goods in Meeting with Minister Sherif Farouk
Prime Minister Mostafa Madbouly met with Supply and Internal Trade Minister Sherif Farouk to review essential commodity supplies, subsidized bread distribution, and ongoing price reduction initiatives.
Alexandria Port Welcomes Cruise Ship MEIN SCHIFF 5 with Over 3,500 Passengers
The Alexandria Port Authority welcomed the cruise ship MEIN SCHIFF 5 on September 27, 2026, carrying 3,502 passengers and crew members for a tour of historical landmarks in Egypt.
Prime Minister Mostafa Madbouly Reaffirms Commitment to Expanding Urban Green Spaces Across Egypt
Prime Minister Mostafa Madbouly inspected ongoing afforestation projects in Cairo to advance presidential directives aimed at expanding urban green spaces and improving the environment across Egypt.
Egypt Sees Sharp Decline in Birth Rates as Surging Cost of Living Reshapes Families, CAPMAS Reports
A recent CAPMAS report reveals an 18.2 percent decline in Egypt's average fertility rate, driven largely by mounting economic pressures and the rising cost of living.
Etihad Rail Launches Ticket Bookings for New Routes Connecting Dubai, Abu Dhabi, and Fujairah
Etihad Rail has opened ticket bookings for its new passenger train services connecting Dubai, Abu Dhabi, and Fujairah ahead of the official launch on Wednesday, September 30.
US and China Reveal Targeted Goods for Tariff Cuts Following Trump-Xi Summit
The United States and China have released lists of goods recommended for tariff reductions following the summit between Presidents Donald Trump and Xi Jinping. The agreement targets $60bn in bilateral trade to foster fairer economic cooperation.
Catastrophic Floods Devastate Nepal's Peak Tourism Season, Leaving Local Businesses Struggling
Catastrophic floods in Nepal have severely impacted the country's crucial tourism sector, leading to widespread cancellations and leaving local business owners struggling as the peak season begins.
Oil Prices Surge as US-Iran Peace Talks Stall and Strait of Hormuz Standoff Continues
Oil prices climbed as peace negotiations between the US and Iran reached a stalemate, with efforts to reopen the Strait of Hormuz remaining unresolved.
Beyond Prosecution: Why Asset Recovery and Victim Compensation Must Drive the Global Fight Against Financial Crime
Effective financial crime fighting requires more than just prosecutions; it demands aggressively recovering illicit assets and returning stolen funds to victims.
Dubai’s Sobha Realty Launches $600 Million US Housing Expansion in Texas
Dubai-based Sobha Realty is investing $600 million to build 700 homes in Texas as part of its expanding operations in the United States.
Navigating the Global Energy Crisis: Is Libya's Strategic Boom a Trap or an Opportunity?
As the global energy crisis boosts demand for alternative supplies, Libya faces a critical choice between capitalizing on its vast oil and gas reserves or falling deeper into domestic energy insecurity and the resource curse.
Strait of Hormuz Standoff Deepens as US Rejects Iranian Deal and Tensions Escalate
Tensions in the Strait of Hormuz remain high as explosions echo through the waterway following US President Donald Trump's rejection of Iran's diplomatic proposals. Both nations continue strategic maneuvers amid an ongoing naval blockade and disrupted shipping routes.
Iraq Begins Importing Petrol via Syria in US-Backed Push to Strengthen Regional Ties
Iraq has started importing petrol through Syria via an overland trade route, marking a US-backed effort to strengthen bilateral ties and bypass trade disruptions.
Empty Hands and Fraying Safety Nets: Displaced Palestinians Struggle to Survive After Camp Evictions
Displaced Palestinians from the Jenin, Tulkarem, and Nur Shams refugee camps struggle with severe poverty, looming evictions, and a lack of medical care nearly two years after being forced from their homes.
Dubai Implements Strict Peak-Hour Lorry Bans on Sheikh Zayed Road and Key Routes Starting October 1
Dubai is set to implement rush-hour lorry bans on Sheikh Zayed Road and other major routes starting October 1 to reduce traffic congestion and improve road safety.
US and China Reach Landmark Agreement on Tariff Cuts and AI Dialogue Following Xi-Trump Summit
The US and China have agreed to reduce tariffs on $30 billion in goods and launch a new dialogue on artificial intelligence following a summit between President Xi Jinping and US President Donald Trump.
Egypt's Textile Sector Holds Strong Potential for Global Supply Chain Integration
Minister of Industry Khaled Hashem emphasized Egypt's textile sector potential for global integration and export growth during a tour of factories in 6th of October City.
Madrid Protest Draws Thousands Demanding Action Amid Spain’s Housing Crisis
Thousands of demonstrators protest in Madrid to voice their anger over Spain’s ongoing housing crisis.
Unlocking Al Dhaid: How Etihad Rail's New Station Will Transform Sharjah's Historic Oasis
The historic Sharjah oasis town of Al Dhaid is set to become an accessible cultural hotspot with the opening of a new Etihad Rail passenger station.
EU Pledges Over €710 Million in Global Humanitarian Aid to Address Crises in Africa and Beyond
The European Union has pledged over 710 million euros to support populations affected by conflicts, natural disasters, and crises worldwide, with a major focus on Africa, Ukraine, and the Middle East.
Trump Overturns Biden-Era Fuel Economy Standards to Lower Car Prices and Boost US Manufacturing
United States President Donald Trump has announced the rollback of Biden-era fuel economy standards, aiming to reduce vehicle prices and boost domestic manufacturing.
Zawiya Refinery Shutdown Triggers $95 Million in Losses for Libya's National Oil Company
Libya's National Oil Company reports $95 million in losses after shutting down a refining unit at the Zawiya site due to pipeline closures by armed groups.
Adnoc's XRG Advances Strategic Absheron Gas Field Development in Azerbaijan
Adnoc's investment unit XRG, alongside Socar and TotalEnergies, has reached a final investment decision for the next phase of the Absheron offshore gas and condensate field development in Azerbaijan.