Economy
Business and economy news
1128 articles in this section
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.
Unpacking the Muted Global Response to Nepal's Catastrophic Floods and the Fight for Climate Justice
Despite devastating floods causing massive casualties and billions in damages in Nepal, the international political response has been strikingly muted, sparking urgent questions about climate justice and loss and damage.
World Economic Forum Warns Global Gender Equality Remains 120 Years Away Despite Narrowest Gap Yet
A new report from the World Economic Forum reveals that while the global gender gap has narrowed to 69.2 percent, achieving complete gender equality will still take 120 years.
The Arctic's Northern Sea Route Emerges as a Viable Alternative Amid Global Shipping Crises
As maritime disruptions strain traditional global shipping lanes like the Suez Canal and Strait of Hormuz, nations are increasingly turning to the Arctic's Northern Sea Route as a viable alternative.
Norway's Sovereign Wealth Fund Profits from Israeli Holdings Amid Gaza Conflict
Norway's sovereign wealth fund has seen the value of its investments in Israeli companies rise amid the ongoing war in Gaza, sparking ethical concerns and protests from activists.
Dubai Greenlights Massive 12-Lane, 80km Highway to Ease Traffic Between Emirates
Dubai has approved an 80km, 12-lane highway project connecting Sharjah and Abu Dhabi to cut travel times and ease heavy traffic congestion.
Niger Resolves Longstanding Dispute to Save $35 Million New York Mansion from Seizure
Niger has averted the seizure of its $35 million New York mansion after settling a long-running legal dispute with Middle East airport operator Menzies Aviation.
China Presses Iran to Reopen Strait of Hormuz as US Reports Massive Conflict Costs
China urges Iran to reopen the Strait of Hormuz during talks with Iran's Araghchi as the US details the massive financial and strategic impacts of the ongoing conflict.
UAE Shuts Down 200 Social Media Accounts for Unlicensed Domestic Worker Recruitment
The UAE has closed around 200 social media accounts promoting unlicensed domestic worker recruitment in the first half of the year. Authorities urge families to use strictly licensed offices to ensure legal protections.
UAE Tourism Ready for Major Winter Boost as Officials Declare 'The Descending Is Over'
UAE tourism leaders are gearing up for a strong winter season and beyond, backed by rising hotel occupancy, increased regional travel demand, and major expansions by airlines and hospitality firms.
Egypt and France Explore Expanded Partnerships to Boost Technical Education and Labor Market Readiness
Egyptian Minister of Education and Technical Education Mohamed Abdel Latif met with French Ambassador to Egypt Eric Chevallier to discuss strengthening cooperation in technical education and aligning student training with global labor market needs.
Prime Minister Mostafa Madbouly Stresses Urgent Need for Real Estate Market Regulation Law
Prime Minister Mostafa Madbouly met with real estate developers and housing officials to discuss a new draft law aimed at regulating the real estate market, protecting stakeholder rights, and resolving stalled ventures.
Japan's Centenarian Population Surpasses 100,000 for the First Time in History
Japan has recorded more than 100,000 centenarians for the first time, reflecting remarkable longevity alongside mounting economic pressures from a shrinking workforce.
Abu Dhabi's L’imad Set to Raise AD Ports Stake to 98.5% After Successful Offer
Abu Dhabi's sovereign investment vehicle L’imad is set to increase its stake in AD Ports Group to 98.5 per cent after securing sufficient acceptances from a voluntary tender offer. The transaction is slated for completion by October 9.
Unlocking Southeast Asia: China Inaugurates the Historic Pinglu Canal to Transform Regional Trade
China is launching the newly constructed Pinglu Canal to drastically cut shipping distances and logistics costs between its southern hinterland and Southeast Asia.
West Kensington Set for Property Boom as UK Capital's Largest Regeneration Project Takes Shape
A massive regeneration project spanning three key sites in West Kensington is set to transform the London neighborhood and drive significant property price growth.
Etihad Rail and Etihad Airways Partner to Connect Abu Dhabi Station Directly to Zayed International Airport
Etihad Airways and Etihad Rail have announced an agreement to study a direct connection between the Mohamed bin Zayed City train station and Zayed International Airport to improve travel integration.
How Dubai and the UAE Maintained Economic Resilience Amid Regional Uncertainty
Despite regional challenges, the UAE and Dubai successfully maintained international confidence and tourism growth by refusing to let disruption halt business as usual.
East-West Pipeline Blast Forces Saudi Arabia to Halt Oil Supplies to Europe
Saudi Arabia has halted oil supplies to Europe following a blast on the East-West pipeline. The incident has disrupted energy transport as detailed in the accompanying video coverage.
Argentina Escalates Legal Pressure Against Oil Companies Operating Near the Falkland Islands
Argentina is pursuing new legal complaints and legislation to penalize companies exploring for oil near the Falkland Islands, drawing a strong counter-response from Britain.
US Senate Rejects Major Cryptocurrency Bill in Major Setback for Digital-Asset Industry
The US Senate failed to pass the Digital Asset Market Clarity Act backed by President Donald Trump, dealing a major blow to the cryptocurrency industry and leaving regulatory uncertainty in place.
Surging US Treasury Yields Eclipse AI as Top Market Risk for Investors
Surging US Treasury yields have surpassed artificial intelligence as the primary risk for investors, pushing borrowing costs to their highest levels in nearly two decades and triggering broader market anxiety.
Violent Clashes Erupt in Bucharest as Romanian Shepherds and Farmers Protest EU Livestock Export Ban
Romanian shepherds and farmers protesting an EU livestock export ban clashed violently with riot police in Bucharest, resulting in injuries, tear gas deployment, and dozens of detentions.