Economy
Business and economy news
1126 articles in this section
Inside the High-Stakes Power Struggle Rocking India's Tata Conglomerate
A high-stakes boardroom brawl has erupted within the 158-year-old Tata Group, pitting holding company Tata Sons against majority shareholder Tata Trusts over leadership and a potential public listing.
Oman Launches Oxford Street Real Estate Pop-Up Ahead of Sultan Haitham's Historic UK State Visit
Oman is promoting real estate and investment through a flagship Oxford Street pop-up in London ahead of Sultan Haitham's upcoming state visit to the UK to meet King Charles III.
How Community Kindness Helped Dubai Small Businesses Survive the Iran War
When the Iran war disrupted their usual hospitality and corporate clients, Dubai small businesses like Yassine Azzouni's tomato supply and the Golden Chariot bakery stayed afloat thanks to community support and loyal local customers.
UAE Suspends Iranian Airline Flights to Align with US Sanctions
The United Arab Emirates has suspended all flights operated by Iranian airlines to comply with sweeping US sanctions targeting Iran's aviation sector. The decision follows similar moves by other nations and recent financial restrictions implemented by Emirati authorities.
Argentina's Poverty Climbs to 32 Percent Under Javier Milei as Economic Strain Persists
Argentina's poverty rate rose to 32.3 percent in the first half of 2026 under President Javier Milei, reversing earlier gains as inflation outpaces wage growth and unemployment increases.
GCC Nations Discuss Groundbreaking Water-Sharing Initiative Ahead of UN Conference
Senior UAE official Abdulla Balalaa announced that GCC member states are discussing a new water-sharing initiative ahead of the upcoming UN Water Conference.
New York State Sues Prediction Market Polymarket Over Unlicensed Gambling Operations
New York State has filed a lawsuit against prediction market platform Polymarket, accusing the company of operating an illegal and unlicensed gambling business that targeted underage users.
UK Billionaires Push Back as Tax Authorities Demand Full Financial Disclosure
UK billionaires and their legal advisers are pushing back against extensive information requests from His Majesty’s Revenue and Customs, raising concerns over legality and overreach as authorities attempt to map out private wealth.
UAE Grounds All Iranian Flights Following Strict New US Sanctions and Regulatory Crackdown
The UAE has suspended all flights by Iranian airlines following US sanctions threats and a Central Bank ban on Bank Melli Iran over compliance failures.
Israel Offers Financial Aid to Settlement Companies as Europe Weighs Trade Restrictions
The Israeli government is offering financial assistance to companies in illegal settlements as various European nations move to restrict trade, though the immediate impact of the proposed bans remains uncertain.
Strait of Hormuz Fertiliser Deliveries Delayed by Elusive US-Iran Peace Deal, Warns UN Official
A senior UN official warns that diplomatic delays surrounding a broader US-Iran peace deal are holding up essential fertiliser shipments through the Strait of Hormuz, threatening millions with food insecurity.
US and China Rivalry: Five Charts Reveal the Battle for Leverage in Trade, Oil, and Rare Earths
Analyzing five key charts, this article explores how the economic and military rivalry between the US and China is shaped by trade dynamics, oil supplies, rare earths, and defense spending.
Abu Dhabi Extends Office-Free Period for Entrepreneurs to Lower Business Costs
Abu Dhabi has extended its Tajer licensing programme to allow entrepreneurs to operate without an office for an extra year, cutting startup costs and boosting the non-oil economy.
US Imposes Sanctions on Cryptocurrency Exchange Tied to Iranian Billionaire Babak Zanjani Over Strait of Hormuz Tolls
The US has sanctioned a cryptocurrency exchange owned by Iranian billionaire Babak Zanjani for allegedly processing Strait of Hormuz toll payments for the IRGC. The measures are part of an ongoing effort to isolate Iran economically and disrupt its sanctions-evasion networks.
Iran Threatens Retaliation Against Neighbors Over US Aviation Sanctions, Sparking Regional Travel Chaos
Iran has threatened neighboring nations with retaliation if they enforce new US sanctions halting Iranian international flights, raising fears of deeper disruptions across a war-fatigued region.
Oil Prices Surge Past $105 as US-Iran Diplomatic Hopes Fade
Oil prices climbed past $105 a barrel as diplomatic discussions between the US and Iran showed little progress, fueling ongoing supply disruption concerns.
Syria Launches Ambitious Plan to Build Two Million Homes by 2035 to Overcome Housing Crisis
Syria has announced plans to build and rehabilitate two million homes by 2035 to combat its severe housing shortage, supported by major foreign investments and returning citizens.
Saudi Arabia Relieves Asian Oil Markets with Massive 100 Million Barrel Sale
Saudi Arabia has sold nearly 100 million barrels of oil to Asian buyers in a week to avert a supply crunch, routing shipments through the Strait of Hormuz as pipeline repairs continue.
Al Meera Launches Nationwide Online Shopping Campaign Offering 10% Discount
Al Meera is offering a 10% discount on eligible online purchases through its application and website from 24–30 September 2026 for registered Wafa members.
Syria Tourism Surges as International Arrivals More Than Double in 2026
Syria's tourism sector experienced a massive recovery in early 2026, with international arrivals surging and visitor numbers more than doubling compared to the previous year.
Uncertainty Grips Kenya's Magadi as Government Clashes with Tata Chemicals Over Century-Old Mining Operations
The Kenyan government has suspended operations at Tata Chemicals Magadi's century-old soda ash plant, sparking a debate over regulatory compliance, local benefits, and the economic future of the Magadi community.
Japan Urges Inclusive Diplomacy to Resolve Strait of Hormuz Crisis and Protect Energy Supplies
Japanese Prime Minister Sanae Takaichi called for inclusive international talks to resolve the Strait of Hormuz crisis and restore free, safe navigation for vital energy shipments.
Severe US Aviation Sanctions Cripple Iran Flights and Force Travelers onto Dangerous Overland Routes
Severe US aviation sanctions and airspace bans have grounded Iranian carriers, forcing civilians to endure grueling overland journeys and pushing up travel and import costs.
Former KPMG Manager Alleges Wrongful Termination Following Workplace Harassment Over Keffiyeh
A former KPMG manager alleges she was wrongfully fired after facing harassment over wearing a keffiyeh, amid wider discussions involving international tensions.