Economy
Business and economy news
1128 articles in this section
Dubai Sets Sights on Tourism Rebound as ATM 2026 Focuses on Resilience and Recovery
Dubai tourism officials and industry leaders remain optimistic about a sector rebound, relying on carrier recoveries, upcoming events, and the upcoming Arabian Travel Market to restore visitor confidence.
Etihad and Condor to Launch Direct Abu Dhabi to Berlin Flights on October 1
Etihad and German airline Condor will launch direct flights between Abu Dhabi and Berlin on October 1, following a new agreement announced during President Sheikh Mohamed's state visit to Germany.
Energy Industry Leaders Gather in Bangkok as Global Markets Face Severe Disruption and Rising Prices
Global energy leaders gather in Bangkok for Gastech as soaring gas prices, geopolitical tensions, and supply chain disruptions severely impact Asian and international markets.
UK Homeowners Granted Six-Month Window to Appeal New £2 Million Mansion Tax
UK homeowners will have a six-month window to appeal new mansion tax valuations before the policy goes live in spring 2028. The controversial surcharge applies to properties valued over £2 million.
Houthi Rebels Seize Yemen's Entire Red Sea Coast and Key Bab al-Mandeb Strait
The Houthi rebel group has seized Yemen's entire Red Sea coast and strategic islands in the Bab al-Mandeb Strait, tightening control over a critical global shipping route amidst ongoing conflict.
Oil Prices Surge Past $100 as Houthi Seizure of Red Sea Port Deepens Global Supply Fears
Oil prices are on track to end the week above $100 per barrel as Houthi rebels seize a key Red Sea port city and ongoing conflicts disrupt vital shipping routes in the Middle East.
UAE and Germany Unite Under $40 Billion Action Plan to Pioneer the Future Economy
Following a historic state visit by President Sheikh Mohamed to Germany, top officials announced a €40 billion investment plan aimed at advancing technology, artificial intelligence, and clean energy to shape the future economy.
China's Belt and Road Initiative Sees Complementary Potential, Not Friction, with India-Led Trade Corridor
A top commissioner for China's Belt and Road Initiative has stated that the Beijing-led programme views the India-led Imec corridor not as a rival, but as a complementary opportunity for cooperation.
UAE and Germany Strengthen Economic Ties as Major Global Developments Unfold
The UAE announces a major 40-billion-euro investment in Germany during President Sheikh Mohamed's meeting with Chancellor Friedrich Merz, while regional developments unfold across Lebanon, Yemen, and the upcoming Brics Summit.
UK Mortgage Market Expands as More Lenders Open Doors to Gulf Property Buyers
A new analysis reveals that UK lenders are increasingly offering mortgages to Gulf-based buyers, shifting away from the assumption that Middle Eastern investors only purchase London property with cash.
Sharjah's New Part-Time Work Scheme Empowers Retirees and Boosts Mental Well-being
A new initiative in Sharjah allows retired citizens to return to part-time public sector work, aiming to enhance their mental health and provide a renewed sense of purpose.
Abu Dhabi Authorities Clarify New Parking Signs Ahead of Future System Update
Abu Dhabi's parking operator Q Mobility has announced that newly installed parking signs and app updates are for a future system, with no immediate changes to current fees.
UAE Announces New VAT Compliance Regulations Taking Effect This October
Federal Tax Authority Decision No. 13 of 2026 introduces strict new VAT compliance and supplier verification regulations in the UAE starting October 1, 2026.
Inside Uber's Strategic Exit from Nigeria, Uganda, and Other African Markets
Uber has exited Nigeria and Uganda amid rising operating costs and driver pressures, marking a continuation of the company's selective retreat from several African markets.
UNICEF Report Reveals Climate Hazards Disrupted Education for 171 Million Students in 2025
A new UNICEF report reveals that climate hazards disrupted the education of 171 million students globally in 2025, disproportionately affecting girls and vulnerable communities in low-income nations.
Brent Crude Hits $105 Amid Shipping Attacks, Raising US Interest Rate Hike Expectations
Oil prices surged past $100 a barrel due to escalating shipping attacks in the Middle East, significantly increasing the likelihood of a US interest rate hike.
Abu Dhabi Crown Prince Sheikh Khaled to Lead UAE Delegation at New Delhi Brics Summit
Sheikh Khaled bin Mohamed will lead the UAE delegation at the 18th Brics Summit in New Delhi, focusing on financial co-operation and sustainable development.
UAE Commits €40 Billion to Landmark Investment Deal with Germany
The UAE has announced a massive 40 billion Euro investment in Germany to strengthen its long-term strategic partnership following talks in Berlin.
Global Oil Prices Surge Past $105 Per Barrel as Houthi Forces Capture Critical Red Sea Port
Oil prices jumped above $105 per barrel after Houthi rebels seized the strategic Yemeni port of Mokha, worsening global supply fears amid ongoing conflicts.
Global Shipping Plunges Through Bab Al Mandeb and Strait of Hormuz Amid Escalating Conflict and Rising Oil Prices
Ship transits through the Bab Al Mandeb and Strait of Hormuz have plummeted as escalating conflict between the US, Iran, and Houthi forces drives oil prices above $100 per barrel.
IHC and Adani Group Partner with Odisha Government for $25 Billion Investment in 14 Major Projects
International Holding Company and Adani Group have signed an agreement with the Odisha government to invest $25 billion across 14 projects, potentially creating millions of jobs.
Ukraine Targets Arctic Gas Facilities in Record-Breaking Deep-Strike Drone Attack
Ukraine launched its deepest drone strike yet into Russian territory, hitting Arctic gas facilities in Siberia and demonstrating a significant expansion in its long-range military capabilities.
Gold Prices Climb as Weak US Dollar Sustains Momentum Ahead of Key Inflation Data
Gold prices rose on Thursday, supported by a weakening US dollar as markets await crucial inflation data from the United States.
Abu Dhabi's Adia Highlights Artificial Intelligence as Key Investment Driver Amid Economic Shifts
The Abu Dhabi Investment Authority highlighted artificial intelligence as a primary investment theme in its 2025 annual report while emphasizing portfolio diversification amid global economic uncertainties.