Economy
Business and economy news
1121 articles in this section
US Claims Iran Has Lost Control of Strait of Hormuz as Oil Flows Recover
US Secretary of State Marco Rubio claims Iran has lost control of the Strait of Hormuz as regional oil flows return to near prewar levels, while tensions and negotiations over nuclear enrichment continue.
Jordan's Crown Prince and European Leaders Meet in Croatia to Address Middle East Energy Crisis
Crown Prince Hussein of Jordan met with European leaders in Croatia to address the escalating energy crisis and maritime disruptions in the Middle East.
Millions of Pakistanis Receive Government Fuel Subsidies, but Gaps Remain
Pakistan has rolled out a fuel relief scheme to help lower-income citizens cope with surging petrol prices, though critics note that public transport users and certain vehicle owners are excluded.
Abu Dhabi's Mubadala Commits to $39 Billion Annual Investments with Strong Focus on Asia
Abu Dhabi's Mubadala Investment Company announced plans to maintain an annual investment of $39 billion, focusing heavily on expanding its portfolio across Asian markets like China, South Korea, India, and Japan.
Vitol Reports Massive Oil Trading Opportunities Amid Iran Conflict Disruptions
According to Vitol Group, the conflict involving Iran is creating massive arbitrage and trading opportunities as global tanker fleets reach full capacity and oil transport routes stretch.
Dubai Approves 44 Zones for Shared Housing and Grants Owners One Year to Comply
Dubai Municipality has introduced new planning and building requirements for shared housing, designating 44 approved areas and giving property owners one year to comply.
Mubadala's Solutions+ Set to Double Dh1.5 Billion Economic Contribution to Abu Dhabi
Mubadala's business management services unit Solutions+ contributed Dh1.5 billion to Abu Dhabi's economy in 2025 and expects to double this contribution, driven by strategic acquisitions and technological advancements.
Egypt Prime Minister Emphasizes Non-Banking Financial Sector Growth and Investor Protection in Meeting with FRA Chairman
Prime Minister Mostafa Madbouly met with FRA Chairman Islam Azam to discuss the development and regulation of Egypt's non-banking financial sector, emphasizing investor protection and market efficiency.
Dubai Home Sales Drop Sharply in Third Quarter Amid Regional Uncertainty
Dubai's residential property transactions dropped significantly in the third quarter due to regional uncertainty surrounding the Iran war, leading to a more cautious market and lower sales values.
Prime Minister Mostafa Madbouly Oversees Preparations for Key Energy Session at Egypt Forum 2026
Prime Minister Mostafa Madbouly reviewed key preparations for the Egyptian Energy Journey session at Egypt Forum 2026, highlighting the nation's energy sector achievements since 2014.
Examining the Scale of a Massive Product Recall in the US
A detailed examination of how the US successfully recalled one billion products within a six-month timeframe, as explored in a short video report.
Iraq Devalues Dinar to 1,500 Per Dollar Amid War and Hormuz Disruption Cash Crunch
Iraq has devalued its currency to 1,500 Iraqi dinars per US dollar, driven by a severe cash crunch caused by the Iran-Israel war and disruptions at the Strait of Hormuz.
How Guyana's Massive Oil Boom is Transforming the Global Energy Market and Its Economy
Guyana is rapidly emerging as a major global oil supplier and one of the world's fastest-growing economies amid international energy market disruptions. Driven by massive offshore discoveries and billions in investments, the country is boosting global energy security.
France's Student Protests Expose Deep Debt Crisis Threatening the Wider European Economy
France is facing a massive debt crisis and nationwide student protests over crumbling infrastructure and teacher shortages, raising fears of economic contagion across Europe.
Manus on Markets: Massive Capital Mobilization for AI Infrastructure Development
Manus Cranny explores global financial shifts and major headlines, including massive funding for AI infrastructure, regional developments, and market news.
How Russian Fuel Shortages and Ukrainian Strikes Are Opening Doors for Iranian Oil in Central Asia
Central Asian nations like Tajikistan and Kyrgyzstan are turning to Iranian oil as Ukrainian attacks on Russian energy infrastructure create severe fuel shortages in Moscow. While offering a temporary stopgap, analysts question the long-term logistical and economic sustainability of the trade.
IMF Chief Warns US-Iran War Energy Shock is Contained Yet Persistently Pressuring Global Markets
IMF managing director Kristalina Georgieva stated that the energy price shock from the US-Iran war remains contained but warns that ongoing supply disruptions and rising demand could sustain high costs globally.
US Stock Market Reaches Record High Driven by Artificial Intelligence Boom
The US stock market reached an all-time high as strong investor enthusiasm for artificial intelligence propelled the S&P 500 and Nasdaq Composite to record levels.
Global Investment Giant Capital Group Secures ADGM Licence to Fuel Middle East Expansion
Capital Group has secured a licence from Abu Dhabi's ADGM to operate as a regulated investment manager, joining a growing wave of global financial firms expanding into the region.
Explosion Forces Closure of Venezuela's Second-Largest Oil Refinery
An explosion has caused the shutdown of Venezuela's second-largest oil refinery, according to recent video footage.
Al Ain Farms Takes Camel Milk Global in Bid to Establish UAE Product as the Next Superfood
Al Ain Farms Group is expanding its Camelait brand internationally by partnering with companies in China and Europe to turn camel milk into a global superfood. The strategic move follows the introduction of the world's first international standard for pasteurised camel milk.
Desperate Times in Venezuela as Chronic Power Cuts Spark Public Fury and Strain Healthcare
Severe daily power cuts across Venezuela are disrupting essential medical treatments, fueling street protests, and straining citizens' daily lives amidst a struggling electrical grid and rising oil production.
CNN and CBS News Unite Under Skydance Following Massive $110bn Merger
Paramount Skydance has completed its $110bn merger with Warner Bros Discovery, bringing CNN and CBS News under one roof and raising questions about future editorial independence and cost-cutting measures.
UAE Pledges Global Action for Innovation and Resilience at Abu Dhabi Food Security Summit
Sheikh Mansour bin Zayed has reaffirmed the UAE's commitment to advancing global food security through innovation and resilience as the Global Food Security Summit opens in Abu Dhabi.