Economy
Business and economy news
1126 articles in this section
Turkiye Revokes Operating Licence of Iran’s Bank Mellat Branch in Istanbul Amid Financial Security Concerns
Turkiye's banking watchdog has revoked the operating licence of Iran's Bank Mellat branch in Istanbul, citing potential risks to the financial system.
Iraq Opens Western Military Airspace to Civil Aviation After Decade of Restrictions
Iraq has returned its western military airspace to civilian authorities, ending restrictions put in place in 2016 and supporting upcoming coalition withdrawal plans.
Trump’s Claims of Falling Prices Clash With Economic Reality and Federal Reserve Policies
President Donald Trump's assertion that consumer prices are dropping clashes with the Federal Reserve's decision to raise interest rates to combat persistent inflation. As voters express dissatisfaction with the cost of living, economic pressures threaten political support for the administration.
Turkey Revokes Licence of Iran's Mellat Bank Amid Rising US Economic Pressure on Tehran
Turkey has revoked the operating licence for Iran's Mellat Bank branch in Istanbul amid ongoing US efforts to increase economic pressure on Tehran.
UAE Becomes Strategic Partner of Pacific Islands Forum to Strengthen Regional Ties
The UAE has been formally recognized as a strategic partner of the Pacific Islands Forum in Koror, Palau, opening new avenues for trade, investment, and sustainable development cooperation.
Japan Reaches Historic Milestone With Over 100,000 Centenarians Amid Deepening Demographic Crisis
Japan has recorded more than 100,000 citizens aged 100 or older, highlighting a growing longevity milestone that coincides with a severe national demographic and economic crisis.
Dnata Forecasts Strong Profits as Global Diversity Shields Business From Regional Conflicts
Dnata's chief executive expresses confidence in the company's healthy profit outlook, aided by a diversified global footprint that helps mitigate regional conflict disruptions.
Germany Receives Its First F-35 Fighter Jet from the United States Amid Major Military Buildup
Germany has received its first F-35A fighter jet from Lockheed Martin during a ceremony in Fort Worth, Texas, as the nation boosts its military spending and modernises its armed forces.
UAE Property Guide: What Happens to Your Tenancy When Your Landlord Sells?
Find out what happens to your lease when your landlord decides to sell your rented property in Dubai, along with expert advice on real estate investment strategies.
Global Energy Pressures Mount as Saudi Oil Constraints and Middle East Tensions Keep Prices Above $100
Oil prices remain above $100 for a second straight week amid simmering Middle East tensions, while various global updates highlight international developments involving figures like Massad Boulos and operations spanning the UAE, Sweden, Sudan, Cuba, Japan, and Niger.
Trump's New Tariff Threat Imperils Asia's Russian Oil Lifeline Amid Faltering Gulf Supplies
Proposed US tariffs on major buyers of Russian oil threaten critical energy supplies for India and China as global markets face mounting pressures from Gulf supply disruptions.
Trump's New Tariff Threat Threatens Asia's Russian Oil Lifeline Amid Dwindling Gulf Supplies
Proposed US tariffs on buyers of Russian oil threaten to disrupt vital energy supplies for India and China as global oil markets tighten. The legislation, backed by the White House, aims to penalize nations continuing to purchase Russian crude.
Collateral Damage: How the Conflict Involving Iran is Crushing South Asia's Working Class
The war involving Iran has sent shockwaves through South Asia, driving up inflation, energy costs, and living expenses for millions of vulnerable families in India, Pakistan, Bangladesh, and Nepal.
Syrian Government Lowers Diesel Prices Following Nationwide Protests Over Energy Costs
Syria's government has introduced lower-cost diesel options following widespread nationwide protests triggered by a recent surge in fuel prices.
Manus on Markets: Yen Plummets as Japan Boosts Interest Rates to 31-Year Peak
Manus Cranny examines the latest global financial shifts, focusing on the yen's drop following Japan's 31-year high interest rate hike alongside other international headlines.
Escalating War at Home and Across the Region Drives Up Fuel and Food Prices in Yemen
A recent 10 percent hike in fuel prices in Houthi-controlled areas of Yemen, driven by domestic conflict and regional tensions, has triggered severe economic hardship and exacerbated food insecurity.
Navigating the Blockade: How Middle Eastern Nations Rely on Risky Ship-to-Ship Oil Transfers
Saudi Arabia and other Gulf nations are increasingly relying on risky, secretive ship-to-ship oil transfers off the coast of Oman to bypass the closed Strait of Hormuz amid regional conflict.
Federal Reserve Rate Hike Signals Shifting Economic Landscape and Rising Global Bond Yields
The US Federal Reserve's recent interest rate hike and surging long-term Treasury yields signal a shifting global economic environment marked by structural inflation, rising borrowing costs, and increased competition for capital.
US Cheese Producer Tillamook Faces Intense Backlash Over Halal Certification
US cheese giant Tillamook is facing intense criticism from critics over the introduction of a halal label on its products.
Bank of Japan Raises Interest Rates to 31-Year High of 1.25% Amid Mounting Inflation Pressures
The Bank of Japan has raised interest rates to a 31-year high of 1.25 percent amidst rising inflation, labor shifts, and external economic pressures.
Italy Unveils Unilateral Naval Deployment to Secure Vital Bab al-Mandeb Shipping Route
Italy's Defence Minister Guido Crosetto announced the unilateral deployment of warships to protect commercial vessels traversing the critical Bab al-Mandeb strait amid rising security threats.
How Middle East Hotels Adapted to Regional Conflict with Staycations, Incentives, and Cost Controls
Major international hotel groups operating in the Middle East have navigated the impact of the regional conflict by cutting costs, launching staycations, and offering value-driven incentives while avoiding layoffs.
Egyptair Prepares for Historic Return to Australia with Planned Sydney Flights
EgyptAir plans to resume flights to Sydney via Singapore in 2027, marking a return to Australia after nearly 25 years. Meanwhile, Egypt is expanding tourism and diplomatic ties with Vietnam through new visa policies and proposed direct flights.
Dubai's New 12-Lane Motorway Set to Ease Traffic and Enhance Regional Connectivity
Transport experts highlight that Dubai's new 80km, 12-lane motorway connecting Abu Dhabi and Sharjah will significantly reduce traffic congestion, enhance regional connectivity, and support future urban growth.