Economy
Business and economy news
1126 articles in this section
S&P Doubles Oman's 2026 Growth Forecast to 3.5% Driven by Resilient Trade Logistics and Energy Sector
S&P Global Ratings has raised Oman's 2026 economic growth forecast to 3.5 per cent, supported by resilient trade logistics and an energy sector independent of the Strait of Hormuz.
Egypt's Fuel Pricing Committee Set to Review Petroleum Rates in October Amid Global Market Shifts
Egypt's Fuel Automatic Pricing Committee will meet in October to review petroleum product prices based on global oil trends and market stability, according to officials.
Egypt's MSMEDA Explores Strategic Partnership for Upcoming Arab-African Investment Summit
MSMEDA CEO Mostafa Hassan met with Arab Women Investors Union President Hoda Galal Yassa to discuss support for small businesses and upcoming participation in the Luxor investment summit.
Iraq's Economy Strained as Regional War Cuts Oil Revenues and Drives Up Prices
The ongoing US-Israeli war on Iran has severely disrupted Iraq's oil exports and supply chains, causing a multi-billion dollar revenue loss and placing immense pressure on the Iraqi dinar and local economy.
Iraq Engages US in Direct Talks for Humanitarian Exemptions on Iranian Flights Amid New Sanctions
Iraq is holding direct talks with the US to secure humanitarian exemptions for Iranian flights to airports like Najaf and Baghdad, following strict new treasury sanctions.
UAE's Four-And-A-Half-Day Workweek Boosts Happiness Despite Hectic Schedules, Study Reveals
A study shows UAE employees on four-and-a-half-day workweeks feel more motivated and enjoy better work-life balance, though many face increased stress to meet demands in less time.
Navigating Dubai Property Service Charges: Are You Paying Too Much?
Property experts examine how Dubai apartment and villa owners can determine if their service charges are fair and compliant with Rera regulations.
Syria Faces Decades of Reconstruction as Aid Chief Warns Current Support Falls Woefully Short
Syria faces a multi-decade recovery from civil war destruction, but international aid remains woefully insufficient amid global budget cuts and unprecedented crises, warns Prosper Global chief executive Tjada McKenna.
US Appeals Court Rules States Hold Authority to Regulate Prediction Markets in Blow to Kalshi
A US appeals court ruled that states have the power to regulate prediction markets like Kalshi, deepening a legal divide over gambling laws and oversight. Meanwhile, New York filed a lawsuit against Polymarket over unlicensed operations.
Examining the Global and Domestic Impact of a Proposed US Diesel Export Ban
Soaring diesel prices have prompted US leaders to consider a controversial export ban to lower domestic costs ahead of midterm elections, though experts warn it could backfire and drive up global fuel prices.
Iraqi Airports Ground All Flights to and From Iran Following New US Aviation Sanctions
Four major Iraqi airports have suspended all flights to and from Iran in compliance with new US aviation sanctions targeting companies doing business with Iranian carriers.
From Fetching Water for Tips to Earning Dh400,000: A Dubai Creator's Journey
Aaliya Lala shares her inspiring journey from earning tips by fetching water for roommates in Dubai to building a successful career as a travel content creator and entrepreneur earning up to Dh400,000 annually.
UN Expands West Bank Settlement Business List by One Third Amid Rising Tensions
The UN Office for Human Rights has expanded its list of companies operating in West Bank settlements by one third, adding 61 new firms including major travel and manufacturing brands.
Renowned Economist Mohamed El-Erian Praises UAE's Resilience Against Future Economic Shocks
Allianz chief economic adviser Mohamed El-Erian stated at the UN General Assembly that the UAE possesses the resilience, optionality, and agility needed to withstand future economic shocks and regional turbulence.
Iraqi Prime Minister Ali Al Zaidi Appeals to UN for Global Investment and Economic Reform
Prime Minister Ali Al Zaidi addressed the UN General Assembly to pitch his economic plans, anti-corruption campaign, and vision for regional cooperation, calling on the global community to invest in Iraq.
UK Regulators Shut Down Mysterious Firms Tied to US-Sanctioned Iranian Billionaire Babak Zanjani
UK regulators have dissolved two mysterious companies connected to US-sanctioned Iranian billionaire Babak Zanjani and his network of businesses.
UAE Urges Private Sector and Philanthropy to Unite and Close Record Global Aid Deficit
A senior UAE official highlighted the nation's efforts at the UN General Assembly to unite private capital and philanthropy to combat record-breaking declines in global humanitarian aid.
New Winter Operating Hours for Shops and Restaurants to Begin Friday
New winter operating hours for shops, malls, and restaurants take effect starting Friday, featuring adjusted closing times and specific exemptions for essential services.
Gaza Strip Gripped by World's Worst Economic Crisis, UN Report Warns
A new UNCTAD report reveals that the Gaza Strip is facing the world's worst economic crisis, with economic output plunging by 80 percent amid widespread destruction and historic unemployment.
Iranian Airlines Ground All UAE Flights Amid Severe New US Sanctions
Iranian airlines have canceled all flights to the United Arab Emirates and other destinations following the implementation of strict new US sanctions targeting the country's aviation sector.
EgyptAir Chairman Reveals How Foreign Currency and Operational Costs Shape Ticket Pricing
EgyptAir Chairman Captain Ahmed Adel explains that high foreign currency operational expenses drive ticket pricing, even as the airline returns to profitability and enhances in-flight safety.
Gulf and Asian Investors Fuel Prime London Property Market with Multi-Million Pound Bulk Purchases
Gulf and Asian investors have completed nearly £80 million in bulk London property purchases over the summer, capitalizing on rising rental values and favorable tax rates for multi-unit acquisitions.
Oil Prices Ease Amid Iran Truce Hopes and Middle East Supply Concerns
Oil prices dipped slightly as investors weighed potential US-Iran truce talks against supply disruption fears from Middle East conflicts.
Nepal Prime Minister Balendra Shah Calls Devastating Floods a Stark Warning to the Global Community at UN
Nepal Prime Minister Balendra Shah urged global climate action at the UN General Assembly, calling his country's recent devastating floods a warning to the world.