Economy
Business and economy news
1128 articles in this section
Ryan Reynolds and YouTube Co-Founder Steve Chen Lead Star-Studded Lineup for LiveX Abu Dhabi 2026
Ryan Reynolds, Steve Chen, and prominent global figures have been named as the initial speakers for the inaugural LiveX exhibition in Abu Dhabi, focusing on urban liveability and investment.
Why China's Support for Iran Has Clear Limits Amid US Pressure
Despite diplomatic and economic ties, analysts explain why China's support for Iran has strict limits as Washington ramps up pressure on Tehran.
EU Remains Divided Over Proposed Trade Sanctions on Illegal Israeli Settlements
European Union foreign ministers remain split on imposing trade sanctions against illegal Israeli settlements as violence intensifies in the occupied West Bank.
UAE Non-Oil Sector Surges to Fastest Growth Since December 2024 Amid Post-Conflict Recovery
The UAE's non-oil private sector recorded its fastest growth since December 2024 in August, driven by a surge in new business and a recovery from the impact of the Iran war.
Severe Global Refining Shortage Threatens to Keep Fuel Prices High Until 2027
A severe global shortage of refining capacity is expected to keep petrol, diesel, and jet fuel prices high well into 2027, despite potential surges in crude supply.
Global Hunger Crisis Deepens as Funding Shortfalls Threaten Vital Food Aid Worldwide
Global hunger is reaching critical levels as funding shortfalls force the World Food Programme to cut vital food aid across Palestine and several other nations facing conflict and climate shocks.
Investigating the Impact on America's Food Safety System Amid Intensive Search Efforts
A short video questions whether DOGE negatively impacted America's food safety system during a duration of nearly three minutes.
US Mint Releases Controversial $1 Coin Featuring President Donald Trump's Likeness for 250th Anniversary
The US Mint has begun circulating a new $1 coin featuring President Donald Trump for the nation's 250th anniversary, marking the first time in nearly a century that a living person is featured on US currency.
US Set to Control 20 Percent of Venezuelan Oil Reserves Following Signing Ceremony
A signing ceremony marks the transition as the US prepares to take control of a fifth of Venezuela's oil reserves, while EU ministers in Ireland discuss key international issues.
US Energy Giant Chevron Commits Billions to Double Venezuela Oil Production
Chevron plans to invest over $7bn to double its oil production in Venezuela over the next five years, building on its century-long presence in the country.
Escalating Drone Strikes Prompt Warnings Over Safety of Russian Airspace for International Airlines
Ukrainian President Volodymyr Zelenskyy has warned that Russian airspace is unsafe for civil aviation due to a massive influx of Ukrainian drones, raising significant concerns for international airlines and global travel routes.
Analyst Warnings: Why New Pipelines Won't Make the Strait of Hormuz Obsolete
Analysts warn that despite multi-billion-dollar pipeline projects by Gulf nations, the Strait of Hormuz will remain a critical global trade route for energy and shipping.
Uber Eliminates 3,300 Jobs in Major Management Restructuring
Uber Technologies is laying off about 3,300 employees, or 10 per cent of its global staff, in a sweeping restructuring effort to simplify management and redirect funds toward growth and autonomous vehicle initiatives.
Despite Massive New US-Venezuela Oil Deal, Fuel Prices Remain Unaffected
A new US-Venezuela oil deal aims to expand production, but analysts warn that infrastructure bottlenecks and refining limits will prevent near-term relief for fuel prices.
Egyptian Exports to China Surge by Nearly 200 Percent in Early 2026
CAPMAS reported a 199.8 percent jump in Egyptian exports to China during the first half of 2026, pushing total bilateral trade to $11.3 billion.
Search Operations Press On in Nepal One Week After Deadly Himalayan Floods
Search and rescue operations continue in Nepal one week after devastating glacial floods killed over 1,100 people, prompting calls for climate compensation.
US Federal Trade Commission Prepares Lawsuit Against Amazon Over Ad Pricing Manipulations
The US Federal Trade Commission is preparing a lawsuit against Amazon for allegedly manipulating advertising prices on its platform over seven years.
Sharjah to Launch First Phase of Al Taawun Tunnel Project to Ease Dubai Commuter Gridlock
Sharjah's Roads and Transport Authority announced that the first phase of the Al Taawun tunnel project will partially open in two months to ease heavy commuter traffic to Dubai.
Prime Minister Mostafa Madbouly and Spanish Firm Explore Major Renewable Energy and Automotive Investments in Egypt
Prime Minister Mostafa Madbouly met with Gonvarri Industries Chairman and CEO Jon Riberas to discuss expanding Spanish investments in Egypt's renewable energy, automotive, and logistics sectors.
Tariff Elimination Boosts Egyptian Exports to China Amid Reaching Record Trade Levels
Egyptian exports to China surged significantly following the elimination of tariffs and the strengthening of bilateral trade agreements between the two nations.
G20 Asheville Meeting Ends Without Consensus as US and China Clash, Signaling Risks for the Gulf
The G20 finance ministers' meeting in Asheville concluded without a joint communique due to opposition from China, carrying significant strategic and financial implications for the Gulf region.
Swiss Derivatives Firm Adapt IM Expands Global Footprint with New Abu Dhabi ADGM Office
Swiss investment manager Adapt IM has expanded its global footprint by opening a new office at Abu Dhabi's ADGM to better serve Middle Eastern institutional clients.
Inside Greece and Israel's Landmark $3.5bn 'Achilles Shield' Defence Agreement
Greece and Israel have signed a historic $3.5bn defence deal called Achilles Shield, establishing an integrated missile and drone defence network amid shifting geopolitical dynamics in the eastern Mediterranean.
NYU Abu Dhabi Launches First Executive MBA Programme Outside New York to Meet Regional Demand
The Stern School of Business at NYU Abu Dhabi has welcomed its first executive MBA cohort, marking the institution's inaugural executive programme outside New York.