Economy
Business and economy news
1128 articles in this section
Abu Dhabi Crown Prince Sheikh Khaled Directs Adnoc to Reinforce Energy Security Amid Regional Maritime Disruptions
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed has directed Adnoc to enhance its reliability as an energy provider amid regional maritime disruptions in the Strait of Hormuz.
Dubai Tourism Scheme Closes After 90,000 Residents Invite Loved Ones in 'Exceptional Response'
A Dubai tourism initiative offering discounts to residents who invited friends and family to visit has closed registrations after drawing over 90,000 applications. The successful campaign aimed to boost the local tourism sector amid regional challenges.
Egypt Announces New $15 Administrative Surcharge for Consular Services and Entry Visas Effective 2027
Egypt has introduced a standardized $15 administrative fee for entry visas, transit visas, and consular services effective January 1, 2027, under a new decree aimed at unifying global consular procedures.
Inside the Philippine Peso's Historic Plunge to Record Lows Against the US Dollar
The Philippine peso has dropped to a record low against the US dollar due to surging oil prices, geopolitical turmoil, and domestic economic deficits. While remittances provide some cushion, the depreciation is driving up import costs and fueling inflation.
ROX Launches Local Vehicle Production in Abu Dhabi with the First ADAMAS Models
ROX has inaugurated its Advanced AI Manufacturing Centre in Abu Dhabi, rolling out its first Made in the Emirates ADAMAS vehicles as part of a major regional expansion.
UAE Imposes Strict 24-Hour Deadline for Suppliers to Clear Counterfeit Goods Under New Anti-Fraud Regulations
New UAE regulations require suppliers to remove counterfeit or spoiled goods within 24 hours of notification, part of a broader push by the Ministry of Economy and Tourism to combat commercial fraud and protect consumers.
Global Solidarity and Climate Accountability: Supporting Nepal Through Tragedy and Crisis
Readers and contributors express solidarity with Nepal following deadly floods, praising international humanitarian aid while calling for greater global climate accountability at the UN.
Financial Squeeze: Can Hezbollah Endure Without Iranian Funding Amid Regional Upheaval?
As the US imposes strict new sanctions on Iran, experts examine whether Hezbollah can survive the loss of its $700 million annual funding and what it means for Lebanon.
US Imposes Fresh Sanctions on Cuba Amid Escalating Economic Pressure and Regime Change Campaign
The United States has imposed a new round of economic sanctions against Cuba, targeting several companies and a member of the Castro family as part of an escalating pressure campaign.
Ghana Mandates Local Gold Refining to Boost Domestic Value and Retention
Ghana has implemented a new policy requiring certain gold exporters to refine dore locally before shipping, aiming to retain more economic value within the country.
Examining the Debate Over the Venezuela Oil Deal and US Colonialism
Observers debate whether the Venezuela oil deal represents a modern form of US colonialism in a recent video discussion.
Unprecedented Super El Nino Supercharged by Climate Change Threatens Global Weather and Food Systems
A powerful super El Nino event supercharged by climate change is threatening global weather patterns, ecosystems, and food systems, with scientists warning it could make 2027 the hottest year on record.
Nepal Demands Climate Compensation From Major Polluters Following Flash Flood Disaster
Nepal's foreign minister argues that major polluters like China, the United States, and India must compensate the nation for recent flash flood disasters caused by a climate crisis it did not create.
Strait of Hormuz Disconnect: Why US Claims on Oil Shipping Differ From Real-World Data
A stark discrepancy exists between US claims of record-high shipping traffic through the Strait of Hormuz and marine tracking data showing significantly fewer vessels transiting the waterway.
Panama Canal Imposes Traffic Restrictions Due to Low Water Levels Amid Global Shipping Pressures
The Panama Canal is reducing daily vessel limits due to low water levels caused by the El Nino weather phenomenon, compounding global shipping pressures driven by the Hormuz crisis.
How Kais Saied’s Populist Economic Experiment Brought Tunisia to the Brink of Collapse
An in-depth look at how Tunisian President Kais Saied's populist economic policies and centralization of power have led to severe shortages, soaring debt, and an unprecedented economic crisis in Tunisia by 2026.
Sharjah Ruler Sheikh Dr Sultan bin Muhammad Al Qasimi Sets Dh20,000 Minimum Wage for Government Employees
Sharjah Ruler Sheikh Dr Sultan bin Muhammad Al Qasimi has approved a minimum wage of Dh20,000 for government employees and introduced living allowances for retirees and families.
Netherlands Transfers Billions in Gold Reserves Out of North America Amid Global Tensions
The Netherlands has transferred billions of dollars in gold reserves from the US and Canada to the UK in a strategic move to enhance crisis preparedness amid rising geopolitical and trade tensions.
Kenya’s Aviation Strike Ends with a Return-to-Work Agreement, but Underlying Disputes Remain Unresolved
A two-day aviation strike in Kenya has ended following a return-to-work agreement between union leaders and government officials, though core disputes over collective bargaining and wages remain under negotiation.
Understanding Dubai's New Shared Housing Regulations: Impact on Tenants, Landlords, and Operators
Dubai's new shared housing law strictly prohibits unpermitted subletting and introduces rigorous permit requirements, safety standards, and tenant protections to curb overcrowding.
Guns Versus Groceries: Iran's Severe Economic Crisis Puts Squeeze on Daily Life
Iran faces severe economic turmoil, with skyrocketing inflation, fuel shortages, and a collapsing currency forcing citizens to choose between basic goods and military spending.
Menzies Aviation Eyes Expansion in the Gulf, Syria, and US Amid Industry Uncertainty
Airport ground handler Menzies Aviation plans to expand its operations in the Gulf, the US, and potentially Syria, aiming for continued growth despite regional conflicts and economic challenges.
Egypt and China's Tianneng Partner to Explore Advanced Battery Manufacturing
Minister of Investment and Foreign Trade Mohamed Farid witnessed the signing of an MoU between Mansour Group and China’s Tianneng Battery Group Co Ltd to explore battery manufacturing and energy storage opportunities in Egypt.
⚠️DeletedInside the Trump Organisation's Multi-Billion-Dollar Real Estate Expansion Across the Arabian Gulf
The Trump Organisation is rapidly expanding its luxury real estate and hospitality footprint across Saudi Arabia, the UAE, Qatar, and Oman with multiple multi-million-dollar developments.