Economy
Business and economy news
1126 articles in this section
US Approves $414M Uranium Investment in Niger Despite Past Troop Withdrawal
The US has approved up to $414m in financing for a high-grade uranium project in Niger, two years after American troops withdrew from the African nation.
Trump Organisation Announces 62-Storey 'Ultra-Luxury' Skyscraper in Tbilisi, Georgia
The Trump Organisation has unveiled plans for a 62-storey ultra-luxury tower in Tbilisi, marking its entry into the Caucasus as part of a $2 billion development.
Qatar Economic Forum to Convene in New York Amid Rising Global Trade and Energy Risks
The Qatar Economic Forum is holding a special edition in New York alongside UNGA 81 to address shifting global trade, energy dynamics, and geopolitical risks with international leaders.
Abu Dhabi Expands Holiday Home Market to Tenants Under Updated DCT Regulations
Abu Dhabi has updated its holiday home regulations, allowing tenants and a broader range of operators to list properties under new guidelines set by the Department of Culture and Tourism Abu Dhabi.
A Comprehensive Guide to the Sweeping International Sanctions Targeting Iran
Iran faces a complex network of overlapping sanctions from the United States, the European Union, the United Kingdom, and the United Nations, targeting its economy, nuclear programme, and military. These extensive restrictions impact everything from oil exports and banking to human rights and arms trade.
China Faces Growing Energy Crisis as Middle East Conflict Disrupts Crucial Oil Supplies
China is facing a major energy supply challenge as Middle East conflicts and pipeline closures disrupt vital crude routes, forcing Beijing to scramble for alternative sources and ramp up diplomatic efforts ahead of talks between President Xi Jinping and US President Donald Trump.
Decoding Iran's Financial Strategy: How Tehran's Math Equation Targets US Interest Rates
Iran's Parliament Speaker Mohammad Bagher Ghalibaf used a mathematical formula on social media to mock US financial policy as the Federal Reserve raised interest rates amidst ongoing geopolitical tensions.
Wynn Resort Marks a Major Turning Point for Ras Al Khaimah's Tourism Growth
The $5 billion Wynn Al Marjan Island development serves as a major turning point for Ras Al Khaimah, as tourism leaders work to expand the emirate's global appeal while maintaining its boutique charm and focus on relaxation.
UAE Interest Rates Rise: Did Lower Rates Actually Make Borrowing Easier?
Despite recent cuts and adjustments in interest rates, obtaining loans and financing in the UAE remains complicated and heavily scrutinized for SMEs, self-employed individuals, and everyday borrowers.
Unprecedented Climate Change Triggered Devastating Nepal Floods, Scientists Warn
Scientists conclude that long-term climate change and warming temperatures were core factors in the devastating glacial collapse and floods in Nepal and Tibet that killed over 1,400 people.
Global Inflation Surges Again as Oil Prices Breach $100 Amid Middle East Supply Disruptions
Global inflation is resurfacing as oil prices surpass $100 a barrel due to ongoing disruptions in the Strait of Hormuz and threats to Saudi oil supplies, forcing central banks to rethink traditional policies.
Navigating the Crisis: Tracking Saudi Arabia's Alternative Oil Routes from Yanbu to Sohar
Drone attacks on Saudi Arabia's East-West pipeline have severely restricted oil exports, forcing the kingdom to rely on alternative maritime routes through the Gulf and Red Sea while global markets feel the pinch.
Chinese Investments in Egypt Surge to Over 3,300 Companies Across Key Sectors
GAFI reports that Chinese investments in Egypt have expanded to 3,366 companies across multiple sectors, with a strong focus on sustainable growth and green industries.
Egypt and Senegal Discuss New Direct Maritime Route Linking Alexandria and Dakar to Boost Trade
Egypt and Senegal are planning to launch a direct shipping route between Alexandria and Dakar to strengthen bilateral trade and maritime cooperation.
Flydubai Faces Growth Hurdles Amid Rising Fuel Prices, Delivery Delays, and Travel Restrictions
Flydubai chief executive Ghaith Al Ghaith discusses how rising jet fuel costs, aircraft delivery delays, and travel advisories are impacting the airline's growth and operations.
India Warns That US Tariffs on Russian Oil Purchases Could Strain Bilateral Relations
India has cautioned the United States that newly approved legislation allowing tariffs on Russian oil buyers could strain bilateral relations. New Delhi emphasized its commitment to protecting its energy security and economic interests.
Argentine Court Orders Suspension of Disputed Falklands Oil Project
An Argentinian judge has ordered the suspension of a British-Israeli oil project near the Falkland Islands following a lawsuit filed by war veterans and environmental lawyers.
Trump Threatens to Cut Trade with Mexico and Europe Following Rate Hike
Donald Trump threatens to end trade with Mexico and Europe following a rate hike, raising questions about future economic relations.
Trump Threatens EU With Tariffs Over Proposed Canada Associate Membership
US President Donald Trump has warned the European Union of heavy tariffs if it moves forward with a proposal to make Canada an associate member of the bloc.
US Federal Reserve Approves First Interest Rate Hike in Three Years Amid Rising Inflation
The US Federal Reserve has raised interest rates for the first time in three years, setting the benchmark rate between 3.75 and 4 percent to combat persistent inflation.
US Federal Reserve Raises Interest Rates Amid Rising Inflation Fears and Energy Shocks
The US Federal Reserve has raised interest rates amid mounting inflation fears and energy shocks, leaving markets to debate whether a new tightening cycle has begun.
UAE Central Bank Raises Base Rate Following US Federal Reserve Hike: Impact on Borrowers and Savers
The Central Bank of the UAE raised its base rate to 3.9 per cent following a matching rate hike by the US Federal Reserve, directly impacting local borrowing costs, mortgages, and savings products.
US Federal Reserve Raises Interest Rates Amid Mounting Inflation and Fuel Price Pressures
The US Federal Reserve has raised interest rates by a quarter of a percentage point to combat high inflation driven by soaring fuel prices and geopolitical tensions.
US Federal Reserve Raises Interest Rates Amid Mounting Inflation and Energy Pressures
The US Federal Reserve has raised interest rates by 25 basis points for the first time in three years, responding to persistent inflation and soaring energy prices.