Economy
Business and economy news
1128 articles in this section
US Expenses in Iran Conflict Reach $38 Billion, Congressional Budget Office Report Reveals
A new Congressional Budget Office report reveals the Iran war has cost the US at least $38 billion, with monthly expenses projected at $3 billion if fighting continues.
US Treasury Secretary Scott Bessent to Discuss Iran Financial Ties with China Ahead of Trump-Xi Summit
US Treasury Secretary Scott Bessent is scheduled to discuss Beijing's financial ties to Iran with Chinese Vice Premier He Lifeng ahead of the upcoming Trump-Xi summit.
US Officials and Business Leaders Travel to Syria to Strengthen Economic Partnerships
A high-level delegation of US officials and business leaders visited Damascus to strengthen economic ties and explore investment opportunities as Syria works to rejoin the global economy.
Why China is Expanding Economic Ties in the Gulf Without Replacing US Security
China is expanding its trade and technology footprint in the Gulf through economic leverage rather than military replacement, aligning with regional diversification strategies.
Saudi Arabia Confronts Critical Security Choices as Houthi Escalation Threatens Global Oil Supplies
Saudi Arabia faces mounting security and economic threats as Houthi rebels capture key Red Sea positions and vital oil routes, testing regional alliances and relations with Washington.
Struggles Ahead: Can the Houthis Maintain Control Over Yemen's Vital Western Coast?
Despite making rapid territorial gains along Yemen's strategic Red Sea coast, the Houthi movement faces severe military, logistical, and societal challenges in maintaining control over the area.
Emirates Set to Restore Prewar Seat Capacity by Year-End Amid Rebounding Travel Demand
Emirates airline expects to restore its full prewar seat capacity by the end of the year as travel demand rebounds. Despite rising fuel costs and operational disruptions from the Iran war, the carrier anticipates remaining profitable.
South Korea Hosts Historic Central Asia Summit to Strengthen Economic and Strategic Ties
South Korea is hosting its first presidential summit with the leaders of five Central Asian nations to deepen economic, technological, and strategic ties.
How the Iran Conflict Permanently Altered the Global Economy and Oil Markets
The conflict involving Iran has permanently reshaped the global economy by altering control over the Strait of Hormuz, shifting oil market dynamics in China, and boosting production in non-Middle Eastern nations.
Emirates Now Accepts UAE's Jaywan Cards for Flight Bookings with Special Launch Discounts
Emirates passengers can now book flights using the UAE's national domestic card, Jaywan, accompanied by a limited-time launch discount on eligible bookings.
US 10-Year Treasury Yield Reaches 19-Year High Amid Oil Price Surge and Inflation Fears
The benchmark US 10-year Treasury yield surged to 5.02 percent, its highest level in 19 years, as rising oil prices driven by escalating conflict fuel expectations of further interest rate hikes.
Thailand Halves Visa-Free Stay to 30 Days for Travelers from the Gulf and Over 60 Countries
Thailand has reduced visa-free stays to 30 days for tourists from over 60 countries, including the UAE and other Gulf nations, aiming to curb visa abuse and related crimes.
Flydubai Fleet Set to Surpass 100 Aircraft Following Major Expansion and Cabin Retrofit Launch
Flydubai is expanding its fleet past 100 aircraft with 11 new deliveries this year and has launched a major cabin retrofit programme to enhance its premium offerings.
Global Economy Faces 10% Output Loss by 2050 Without Urgent WTO Reforms, Report Warns
The World Trade Organisation warns that the global economy could lose up to 10 per cent of its output by 2050 if countries fail to reform its multilateral trading system amidst rising geopolitical tensions.
New Digital Platforms Bridge the Gap Between UAE School Leavers and Early Career Placements
New online platforms in the UAE are directly connecting school leavers with structured internships and job-shadowing opportunities, helping young talent enter the workforce early.
Egypt and Morocco Explore New Avenues for Labor Cooperation
Labor Minister Hassan Raddad met with Moroccan delegation head Nour al-Ammarti in Cairo to discuss strengthening bilateral cooperation in labor affairs, social protection, and vocational training.
Egypt Launches 2nd Arab-African Exhibition and Conference to Boost Water and Energy Investments in Cairo
Egypt inaugurated the second Arab-African Exhibition and Conference for Investment in Water and Energy in Cairo, highlighting national infrastructure achievements and calling for expanded regional partnerships.
President Ahmed Al Shara Proclaims Syria a New Strategic Economic Opportunity at Dubai Summit
President Ahmed Al Shara announced in Dubai that Syria is transforming from a regional conflict zone into a vital trade and energy corridor offering new economic opportunities.
Abu Dhabi's XRG Finalizes Strategic Stake Acquisition in Azerbaijan's Southern Gas Corridor
Adnoc's investment unit XRG has finalized its acquisition of a stake in the Southern Gas Corridor, strengthening its foothold in the Caspian region and boosting energy supply routes to Europe.
Trump Claims Russia and Ukraine Agree to Halt Energy Strikes, but Kyiv Clarifies It Is Only a Proposal
US President Donald Trump stated that Russia and Ukraine agreed to halt energy site strikes to combat rising fuel prices, but Ukrainian President Volodymyr Zelensky clarified it is currently just a proposal.
Lebanese Oil Scandal Unveils Global Shadow Fleet Links and Triggers New Legal Inquiries
Newly revealed documents tie a major Lebanese fuel scandal to Russia's shadow fleet and sanctioned entities, prompting fresh judicial investigations in Lebanon.
AI Start-Up Mal Drives Middle East FinTech Funding Resilience in H1 2026
FinTech funding in the Middle East and North Africa dropped by just 9 per cent in the first half of 2026, largely driven by a massive $230 million funding round secured by Abu Dhabi start-up Mal.
Abu Dhabi, Dubai, and Riyadh Named Among Global Contenders Reshaping the Economic Landscape
Abu Dhabi, Dubai, and Riyadh have been named among 28 global contenders reshaping the economic landscape in a new report by Oxford Economics, highlighting their growing influence and resilience.
Unpacking the Expanding War Economy and Financial Networks of the Houthis in Yemen
An examination of how Yemen's Houthis have built an extensive parallel war economy and revenue-raising network despite international sanctions and a deepening domestic crisis.