Economy
Business and economy news
1128 articles in this section
Global Central Banks Weigh Rate Hikes Amid Energy Inflation While Egypt Expected to Hold
Global central banks are leaning toward raising interest rates to combat energy-driven inflation, while experts predict the Central Bank of Egypt will hold rates steady during its upcoming meeting.
How Israeli Checkpoints and Mobility Restrictions Are Suffocating the West Bank Economy
A proliferation of military checkpoints and roadblocks across the occupied West Bank is severely restricting movement, inflating business costs, and choking the local Palestinian economy.
Suez Canal Economic Zone Reports Over 300% Growth in Unprecedented Operational Surge
The Suez Canal Economic Zone achieved massive operational growth during the 2025/2026 fiscal year, driven by soaring container traffic and infrastructure modernization across its terminals.
Egypt's Environment Minister Bans Tree Cutting Across Governorates to Protect Green Spaces
Minister of Local Development and Environment Manal Awad has ordered a strict ban on cutting down or uprooting trees across all governorates without official approval, reinforcing environmental protection laws and the 100 million trees initiative.
Egypt Spotlights Booming Fintech Investment Prospects and Startup Support
Egyptian officials met with fintech leaders to discuss expanding investment opportunities, improving the digital economy, and overcoming startup challenges.
Egypt and France's Accor Explore Major Hotel Expansion and Tourism Investments
Prime Minister Mostafa Madbouly met with Accor Chairman and CEO Sébastien Bazin to discuss plans for adding 25,000 new hotel rooms in Egypt over the next three years and boosting tourism cooperation.
Qatar and Oman Champion Middle East Financing to Drive Infrastructure Growth in the Global South
Officials from Qatar and Oman are advocating for Middle East-backed Islamic financing to help bridge infrastructure funding gaps across the Global South.
Survivors Recount Terror as Nepal Floods Devastate Migrant Workers
Migrant workers from India recount the terrifying flash floods in Syafrubesi, Nepal, that swept away their workplaces and left colleagues missing.
Hong Kong Unveils Ambitious Plan for Continuous Investment and Trade Expansion in the Middle East and North Africa
Hong Kong is advancing a continuous investment and trade strategy targeting the Middle East and North Africa through priority sectors tied to the Belt and Road Initiative.
Abu Dhabi's Mubadala Invests in China's Luckin Coffee in Major $1 Billion Deal
Abu Dhabi's Mubadala Investment Company is taking a significant minority stake in China's Luckin Coffee alongside Centurium Capital in a $1 billion deal.
Wizz Air Restores Eight European Routes to the UAE Starting in October
Wizz Air is bringing back 32 weekly services across eight European routes to Abu Dhabi and Dubai starting in October, following updated safety assessments and regional reviews.
Netflix Hit 'Selling Sunset' Stars The Oppenheim Group to Launch Dubai Real Estate Office
The Oppenheim Group, featured on the Netflix hit Selling Sunset, is opening its first UAE real estate office in Dubai this December led by Omar Abaza.
A New Chapter: Nearly Half of UAE Residents Now Plan for Long-Term Retirement in the Country
New research shows that nearly half of affluent UAE residents plan to retire in the country, driven by lifestyle, economic opportunity, and career stability rather than just financial incentives.
Sharjah's Innovative Retirement Plan Redefines Senior Employment and Social Inclusion
Sharjah has introduced a new part-time work initiative for senior citizens and retirees in the public sector, aiming to promote social inclusion and retain valuable institutional knowledge.
Unemployed Iraqi Graduates Stage Protests Demanding Government Jobs
Unemployed Iraqi graduates are staging protests to demand government jobs amid a mounting unemployment crisis.
Global Borrowing Costs Surge as the Era of Cheap Debt Nears Its End
Government bond yields are climbing to multi-year highs across major economies as investors price in increased risk, signaling the potential end of an era of cheap borrowing.
US Treasury Triples Bond Buy-Back Programme to $6 Billion to Calm Markets
The US Treasury Department has tripled its bond buy-back programme to $6 billion in an effort to contain rising borrowing costs amid mounting pressure in the bond and oil markets.
Yemen's Crisis Forces Millions of Children Out of School and Into Labor
Decade-long conflict and severe economic hardship in Yemen have forced millions of children out of classrooms and into daily labor to help their families survive.
Bombardier Plans to Hire 500 US Workers Amid Trade Pressures and Trump Threats
Canadian aircraft manufacturer Bombardier is moving forward with plans to hire 500 new workers in the United States despite recent trade threats from US President Donald Trump.
Dubai Prepares for a Massive Year-End Event Season Following Conflict Disruptions
Dubai is gearing up to host over 100 exhibitions in the final four months of the year, reviving its bustling events calendar following earlier disruptions.
ROX Launches UAE Production as Abu Dhabi Manufacturing Hub Aims for 300,000 Vehicles by 2030
ROX has begun manufacturing vehicles at its advanced AI facility in Khalifa Economic Zones Abu Dhabi, targeting an annual production capacity of 300,000 units by 2030.
Dubai Holding Awards Record Dh5 Billion Construction Deal to Chinese Firm for New Headquarters and Residences
Dubai Holding has awarded a record Dh5 billion construction contract to China State Construction Engineering Corporation Middle East to build its new headquarters and Jumeirah Residences Emirates Towers.
Global Markets Stumble as Brent Crude Crosses $100 Amid Escalating US-Iran Conflict
Brent crude surpassed $100 a barrel as escalating conflicts between the US and Iran rattle global stock and bond markets, fueling fears of rising inflation and tighter monetary policies.
⚠️DeletedTrump Escalates Trade War With New Bans and Tariffs After Canada Retaliates
President Donald Trump has announced new bans and expanded tariffs on Canadian goods following Canada's retaliatory tariffs, escalating the ongoing trade war between the two nations.