Economy
Business and economy news
1128 articles in this section
Trump Urges Zelensky to Halt Strikes on Russian Refineries as Global Diesel Prices Surge Amid Middle East Conflict
US President Donald Trump urged Volodymyr Zelensky to halt attacks on Russian oil refineries to ease surging global diesel prices driven by conflicts in Russia and the Middle East.
Washington's Kennedy Center Faces Imminent Bankruptcy and Closure, Report Reveals
The John F Kennedy Center for the Performing Arts in Washington, DC, faces potential bankruptcy and closure, with a board report suggesting that associating President Donald Trump's name on the building could avert financial collapse.
Middle East Update: Iran Talks in Oman Postponed as Oil Prices Surge Toward $108
Iran talks in Oman are postponed, Houthi rebels suffer losses in Yemen, and oil prices approach $108 a barrel following a pipeline shutdown in Saudi Arabia.
Syrian Cities Erupt in Protests Following Sharp Government Fuel Price Increases
Protests have broken out across several Syrian cities after the government implemented sharp fuel price hikes of up to 40 percent. Demonstrators blocked highways and burned tyres as officials cited global costs and refinery upgrades.
Global Oil Prices Surge Near $108 Following Saudi Pipeline Shutdown After Attacks
Oil prices surged near $108 a barrel after Saudi Arabia halted its vital East-West oil pipeline following attacks, heightening global supply concerns.
US Federal Reserve Faces Pressure to Raise Interest Rates Amid Spiking Oil Prices and Inflation Risks
Traders anticipate the US Federal Reserve will raise interest rates this week as surging oil prices from the ongoing Iran war heighten inflation risks. The central bank faces mounting pressure amid rising energy costs and a turbulent bond market.
Navigating the New Era of Geopolitical Disorder in the Global Energy Sector
As the global energy sector faces unprecedented geopolitical disorder and fragmented trade, industry leaders gather in Abu Dhabi to navigate new economic realities, security vulnerabilities, and technological shifts.
Why Brics Succeeds as a Global Bridge Rather Than a Traditional Bloc
The Brics group functions best not as a traditional geopolitical bloc, but as a vital bridge connecting diverse nations with competing interests across the globe.
Dubai's Etihad Rail Station Set to Transform UAE Transport and Property Sectors
The new Etihad Rail station in Dubai, opening on September 30, promises to slash travel times to Abu Dhabi and reshape local transport and property markets.
Melting Arctic Ice Opens the Door for New Commercial Shipping Routes Amid Middle East Security Concerns
As Middle East conflicts threaten traditional trade routes through the Suez Canal, climate change is opening the Arctic to shipping, highlighted by the recent arrival of the first South Korean container ship in the United Kingdom.
Trump Urges Zelenskyy to Halt Attacks on Russian Diesel Infrastructure Amid Record Global Fuel Prices
US President Donald Trump has called on Ukrainian President Volodymyr Zelenskyy to stop striking Russian diesel infrastructure to help curb soaring global fuel prices.
Dubai Tourism Bounces Back with Nearly 900,000 Visitors in August Amid Regional Conflict
Dubai's tourism sector showed a strong recovery in August with 869,000 international visitors, marking the highest monthly figures since the Iran conflict began.
Dubai Implements Major Traffic Diversions Around Al Safa Street and City Walk
The Roads and Transport Authority has implemented major traffic diversions around Al Safa Street and City Walk as part of ongoing development projects to improve traffic flow in Dubai.
How the War on Iran Exposes the Geopolitical Boundaries and Limitations of BRICS
The recent BRICS summit in New Delhi revealed the bloc's internal divisions and limitations regarding the US-Israel war on Iran, highlighting the challenges of uniting diverse national interests into a single geopolitical strategy.
Commercial Vessel Struck in Strait of Hormuz Amid Escalating US-Iran Tensions
An Iranian commercial vessel was struck in the Strait of Hormuz resulting in one death, while regional tensions mount and Houthi rebels claim an attack on a Saudi military base.
Abu Dhabi's New Off-Plan Mortgage Framework Set to Boost Property Market and Investor Confidence
Abu Dhabi's new off-plan mortgage framework allows buyers to arrange financing during construction once 50 percent of the home's price is paid, boosting market confidence and flexibility.
Industry Minister Khaled Hashem Calls for Unique Identity to Boost Egyptian Furniture Sector
Minister of Industry Khaled Hashem emphasized the need to build a distinctive identity for Egyptian furniture and strengthen designer-manufacturer links during an expanded meeting with industry stakeholders.
Transport Minister Kamel al-Wazir Inspects Railway Maintenance Workshops to Boost Safety and Operations
Transport Minister Kamel al-Wazir inspected railway maintenance workshops in al-Farz on Saturday, reviewing overhaul operations and emphasizing strict technical safety standards for Egyptian National Railways facilities.
Trump's Territorial Ambitions Spark a New Wave of Investment in Greenland
President Donald Trump's ambitions regarding Greenland are inadvertently accelerating a new wave of international investment and drawing increased attention from both the US and the European Union.
Inside a Family's Dh150,000 Four-Bedroom Villa in Dubai's Town Square
Ryan Baird and his family explain why they traded rising rent in The Springs for a spacious four-bedroom villa in Dubai's Town Square for Dh150,000 a year.
Iraq Shuts Borders with Iran and Launches Investigation Following Drone Strikes on Saudi Oil Pipeline
Iraq has temporarily closed three border crossings with Iran and initiated a joint investigation after confirming that drone attacks on a major Saudi Arabian oil pipeline were launched from its territory.
Federal Appeals Court Rejects US Energy Department Order to Keep Michigan Coal Plant Open
A federal appeals court unanimously ruled that the United States Energy Department exceeded its authority by ordering the JH Campbell Generating Plant in Michigan to stay open past its retirement date.
Saudi Arabia Shuts Down Critical Oil Pipeline Following Drone Attack Amid Widening Iran Conflict
Saudi Arabia has shut down a vital oil pipeline following a drone attack originating from Iraq, compounding energy supply concerns as the Iran conflict widens.
Egyptian TV Host Amr Adib Warns of Severe Domestic Impact as Global Oil Prices Surpass $104
Egyptian TV host Amr Adib warned that global oil prices exceeding $104 per barrel could severely impact Egypt's fuel market, which was originally budgeted at $75 per barrel.