Economy
Business and economy news
1121 articles in this section
Oil Prices Head for Weekly Gains Driven by Middle East Tensions and Hurricane Isaias
Oil prices are on track for a weekly gain due to escalating Middle East tensions and disruptions from Hurricane Isaias, despite a slight dip following comments from US President Donald Trump.
Inside Afghanistan's Panjshir Valley: How Emerald Mining Draws Global Buyers Amid Basic Tools and Hardship
Miners in Afghanistan's Panjshir valley toil with basic tools to extract high-quality emeralds, driving a surge in valuable gemstone auctions and providing a crucial economic lifeline despite a lack of advanced equipment.
Abu Dhabi's ADGM Regulator Fines PKF Accountants and Business Advisers $100,000 Over Audit Deficiencies
Abu Dhabi's ADGM regulator has penalized PKF Accountants and Business Advisers and auditor Saranga Lalwani $100,000 following an inspection that revealed significant audit deficiencies.
Soaring Living Costs and Economic Crisis Grips Yemen Across Divided Regions
Years of conflict and a divided banking system have plunged Yemenis in Aden, Marib, and Sanaa into a severe economic crisis, leaving millions struggling with soaring living costs and unpaid salaries.
How UAE Food Retailers and Producers Built Resilient Supply Chains Amid the Iran Conflict
Faced with the challenges of the Iran war and supply chain disruptions, UAE food retailers and producers like Lulu Group International, United Foods, and Al Ain Farms Group have adapted by forging new trade routes, chartering private vessels, and prioritizing local sourcing.
Iran War Fuels South-East Asia's Renewable Shift, Yet Energy Storage Investments Lag Behind
The Iran war has accelerated South-East Asia's push toward renewable energy, but a new report by Ember shows the region is falling severely short of its 2030 energy storage and investment targets.
UAE and Saudi Arabia Forge Strategic Rail and Energy Pact to Enhance Regional Connectivity
The UAE and Saudi Arabia have signed a preliminary agreement in Riyadh to advance cross-border rail links and strengthen energy co-operation.
Israel Establishes First-Ever National Pavilion at Morocco Defense Exhibition
Israel's Ministry of Defence is participating for the first time in a defense exhibition in Morocco with a national pavilion at the Marrakech Air Show 2026, marking a significant step in growing bilateral ties.
US Suspends Microsoft and Adobe From Visa Programme Over Fraud Claims and Job Displacements
The US government has suspended Microsoft, Adobe, and other firms from a skilled worker visa programme amid a major crackdown on alleged visa fraud and domestic layoffs.
DP World Secures 15-Year Deal to Operate New Terminal at Chittagong Port
DP World has signed a 15-year concession agreement to operate the New Mooring Container Terminal at Bangladesh's Chittagong port, aiming to boost trade and supply chain efficiency.
Fitch Ratings Affirms Egypt at 'B' with Stable Outlook Amid Economic Resilience
Fitch Ratings has affirmed Egypt’s credit rating at 'B' with a stable outlook, citing economic resilience, international support, and steady growth projections.
Sailor Salaries Skyrocket as Danger Surges in the Strait of Hormuz Amid Conflict
Sailors navigating the perilous Strait of Hormuz are earning massive hazard bonuses of up to $50,000 per voyage as shipping companies battle surging conflict risks and soaring oil transportation costs.
UAE and Thailand Conclude Cepa Negotiations to Accelerate Bilateral Trade and Investment
The UAE and Thailand have concluded negotiations for a Comprehensive Economic Partnership Agreement designed to eliminate trade barriers and expand bilateral economic cooperation.
QatarEnergy Secures Seven Offshore Exploration Licenses in Brazil with Petrobras
QatarEnergy has secured seven new offshore exploration blocks in Brazil's Ceará Basin through a consortium with Petrobras, expanding its upstream portfolio in the region.
Wizz Air Cancels Entire Winter Schedule for Abu Dhabi and Dubai Flights
Wizz Air has cancelled all winter season flights to Abu Dhabi and Dubai due to extended regional airspace restrictions and increased operating costs.
Oil Prices Surge Past $100 Amid Reports of Potential US Strikes on Iran Prior to Midterms
Oil prices climbed past $100 a barrel following reports that the Pentagon is considering potential US strikes on Iran before the midterm elections amidst ongoing attacks in the Strait of Hormuz.
Strait of Hormuz Traffic Dips to Two-Month Low Amid Escalating Tanker Attacks
Vessel traffic through the Strait of Hormuz dropped to a two-month low as tanker attacks surged to wartime highs, though alternative export routes helped maintain overall crude supply levels.
Navigating the Long Goodbye: What Decreasing Global Oil Demand Means for the Gulf
New economic research explores how declining global oil demand will impact the Gulf region, analyzing competing theories like the disinvestment scenario and the green paradox.
Outrage in Spain: Housing Protests Erupt Following the Death of an 87-Year-Old
Furious housing protests have broken out in Spain following the death of an 87-year-old individual.
US Stocks Retreat from Record Highs as Middle East Tensions Send Oil and Treasury Yields Soaring
US stocks pulled back from record highs as surging Treasury yields and fluctuating oil prices rattled investors amid renewed fears of supply disruptions in the Middle East.
EU Trade Commissioner Maros Sefcovic Arrives in Beijing for High-Stakes Trade Negotiations Amid Escalating Tensions
European Trade Commissioner Maros Sefcovic is holding high-stakes talks in Beijing with Chinese Commerce Minister Wang Wentao to address the EU's massive trade deficit and escalating economic tensions.
US Mortgage Rates Surge to Three-Year High as Cost of Living Pressures Mount Before Midterms
US mortgage rates reached a nearly three-year high of 7.49 percent, causing applications to tumble as cost-of-living concerns impact voters ahead of the midterm elections.
UAE Drives Gulf Industrial Integration and Supply Chain Resilience at Bahrain Meetings
The UAE delegation, led by Dr Sultan Al Jaber, is participating in high-level meetings in Bahrain to drive Gulf industrial integration, enhance supply chain resilience, and promote advanced technology across the GCC.
IEA Members Back Accelerated Release of Emergency Oil Reserves to Combat Soaring Energy Prices
International Energy Agency members have agreed to accelerate the release of emergency oil and diesel reserves to help stabilize soaring global energy prices caused by ongoing conflicts.