Economy
Business and economy news
1128 articles in this section
Global Energy Fears Rise as Saudi Arabia Halts Critical Oil Pipeline Following Drone Strikes
Saudi Arabia has temporarily closed its critical East-West oil pipeline following a drone attack originating from Iraq, dealing a major blow to global energy supplies and pushing oil prices higher.
Egypt's Economy Demonstrates Strong Resilience with 5.1% Growth Rate in Fiscal Year 2025/2026
Minister of Planning and Economic Development Ahmed Rostom reported that Egypt's economy achieved a 5.1 percent growth rate in fiscal year 2025/2026, driven by strong industrial, trade, and ICT sector performances.
Egypt's Civil Aviation Minister and IFC Discuss Progress on Hurghada Airport Tender
Civil Aviation Minister Sameh al-Hefny met with IFC officials in El Alamein to review progress on the public-private partnership tender for Hurghada International Airport.
EgyptAir Ground Services Expands Global Reach with Two Major International Agreements at EIAS 2026
EgyptAir Ground Services Company signed two strategic agreements with Rafal Aviation Handling and AuriJet Aviation Services during EIAS 2026 to expand international partnerships and boost Egyptian airport efficiency.
Simultaneous Drone Strikes on Saudi Arabia Signal Dangerous New Alignment Among Iran-Backed Proxies
Simultaneous drone attacks from Iraq and Yemen targeting Saudi Arabia's oil infrastructure highlight a dangerous new alignment among Iran-backed regional proxies amid escalating tensions.
Regional Powers Condemn 'Treacherous' Drone Attacks That Force Shutdown of Saudi Arabia's East-West Pipeline
Saudi Arabia has shut down its vital East-West oil pipeline following multiple drone attacks originating from Iraq, prompting widespread condemnation from regional powers.
Global Shipping Halved in Bab Al Mandeb Strait as Houthi Forces Take Control of Key Islands and Coastline
Ship traffic through the Bab Al Mandeb strait has dropped by half as Houthi rebels seize control of Yemen's Red Sea coast and Perim Island, driving up global oil prices.
How Donald Trump's Aggressive Tariffs Are Unintentionally Boosting BRICS
United States President Donald Trump's aggressive tariff policies and economic coercion may be inadvertently strengthening the BRICS bloc by encouraging nations to reduce their reliance on the US dollar and financial systems.
UAE Leverages Brics Membership to Forge Stronger East-West Trade and Economic Ties
A senior UAE official said the country is leveraging its Brics membership to strengthen East-West trade and economic links, while emphasizing the importance of alternative trade routes amid regional challenges.
BRICS Leaders Gather in New Delhi for Milestone 20th Anniversary Summit Amid Global Crises
The 20th anniversary BRICS summit has opened in New Delhi under the host leadership of Prime Minister Narendra Modi, bringing together global leaders to address mounting geopolitical tensions, tariffs, and internal bloc divisions.
Hurghada Welcomes 3 Million Tourists From 50 Nations in First Eight Months of 2026
Hurghada Airport welcomed around three million tourists from 50 nationalities between January and August 2026, marking a three percent increase year-over-year.
Inside India's Devastating Online Gambling Crisis and the Human Cost of Digital Addiction
A surge in online gambling addiction across India has led to devastating financial ruin and tragic deaths, prompting the government to enact strict new bans.
UAE Property Guide: How to Know You Are Truly Ready to Buy Your First Home
Industry experts answer common questions about knowing when you are genuinely ready to buy property in Dubai and whether parents should help their children with a first-time home deposit.
Rising Nationalism and Tariffs Drive Canadians to Embrace Domestic Goods Amid Trade War
Amid escalating US tariffs and a trade war, a surge of nationalism is inspiring Canadians to increasingly buy domestic products and boycott US goods.
UAE Energy Giants Adnoc, XRG, and Masdar Forge Multi-Billion Euro Partnerships with German Firms
Adnoc, XRG and Masdar have signed major agreements with German firms potentially unlocking over €5 billion in investments across LNG, renewables, and technology sectors during President Sheikh Mohamed's state visit.
Iran Set to Discuss Critical Strait of Hormuz Security with Gulf States in Oman
Iran's Foreign Ministry announced a planned meeting with Gulf states and Iraq in Oman to discuss the security and future management of the blocked Strait of Hormuz.
The True Financial and Emotional Toll of Transitioning to Freelancing in the UAE
Transitioning to self-employment in the UAE involves significant hidden expenses, including permits, health insurance, and financial hurdles, alongside emotional and mental costs.
Abu Dhabi Firms Unlock Over €5 Billion in New Energy and Industrial Deals with Germany
Abu Dhabi companies Adnoc, XRG, and Masdar have announced new agreements with German firms projected to generate over €5 billion in investments. The deals coincide with a broader €40 billion UAE investment commitment to Europe's largest economy.
Dubai's Aviation Sector Soars with 'Trampoline Bounce' Growth Despite Regional Disruption
Dubai Airports CEO Paul Griffiths reports a strong 'trampoline bounce' in passenger traffic at DXB despite regional disruptions, while development on Al Maktoum International Airport moves forward.
Fertiglobe and German Firms Partner to Boost Ammonia Supply Chain
Fertiglobe has signed a preliminary agreement with German companies Covestro and MB Energy to explore collaboration in the ammonia supply chain as economic ties between the UAE and Germany strengthen.
A Growing Crisis: UK Pro-Palestine Voices Face Systemic 'Debanking' and Financial Denial
A growing number of pro-Palestine activists and public figures in the UK are speaking out against systemic debanking by financial institutions, describing the practice as a tool of political oppression.
Global Leaders Gather in New Delhi for High-Stakes Brics Summit Focused on Trade and Energy
Global leaders have arrived in New Delhi for the Brics summit, where discussions will center on trade, energy security, and economic cooperation amid ongoing geopolitical tensions.
German Chancellor Friedrich Merz Praises Massive €40 Billion UAE Investment as a Vote of Confidence
German Chancellor Friedrich Merz welcomed a €40 billion investment from the UAE, calling it a powerful signal of international trust in Germany's economic future.
Global Supply Chain Disruptions Drive UAE's Massive €40 Billion Investment in Germany
Global supply chain disruptions heavily influenced the UAE's decision to launch a €40 billion investment initiative in Germany, focusing on energy, technology, and logistics, according to Minister Dr Thani Al Zeyoudi.