Economy
Business and economy news
1128 articles in this section
Global Economic Shockwaves: Winners and Losers of the US-Israel War on Iran
Six months into the US-Israel war on Iran, global energy markets and supply chains face severe turmoil, creating massive financial windfalls for oil and defense companies while burdening taxpayers, consumers, and airlines.
Israel and Greece Seal Landmark $3.4 Billion Defence Accord Amid Regional Tensions
Israel and Greece have signed a historic $3.4 billion defence agreement to supply Athens with advanced Israeli military systems amid rising regional tensions.
Unpacking the Impact of the US-Venezuela Oil Agreement
A new agreement between Caracas and Washington grants US companies access to a significant portion of Venezuela's oil reserves, sparking local opposition and legal debates.
Alpha Dhabi Doubles Stake and Investment in Mubadala Joint Venture to $1 Billion
Alpha Dhabi has doubled its stake and capital commitment to $1 billion in its private credit joint venture with Mubadala Investment Company to broaden its investment portfolio.
British Cereal Farmers Face £5 Billion Loss After Three Consecutive Years of Devastating Harvests
British cereal farmers are projected to lose nearly £5 billion due to the worst harvests on record driven by extreme heat, prolonged drought, and climate change over the past three years.
Why the US Treasury's 'Operation Economic Outcast' Against Iran Is Doomed to Fail
Despite aggressive new sanctions under Operation Economic Outcast, US efforts to isolate Iran are faltering as major powers like China and Pakistan refuse to comply, risking severe global economic backlash.
Egypt Secures Global Leadership Role in Fertilizer Production and Export
Minister of Industry Khaled Hashem highlighted Egypt's rise as a top global fertilizer producer and exporter, driven by stable energy supplies and rich natural resources.
National Bank of Egypt Honored as Egypt's Best Private Bank at Euromoney Awards 2026
The National Bank of Egypt received the 'Best Private Bank in Egypt' award at the Euromoney Awards 2026 for its tailored financial solutions and adherence to global banking standards.
UAE Fuel Prices Set to Increase for Second Consecutive Month in September
UAE petrol and diesel prices will increase in September for the second consecutive month as global oil markets remain volatile amid ongoing tensions between the US and Iran.
Abu Dhabi's ePointZero Expands African Footprint with Major Stake in Azura Power
Abu Dhabi's ePointZero is acquiring a 90 per cent stake in African power generation company Azura Power Holding to expand its global energy infrastructure portfolio.
Strategic Significance of Iran's Larak and Kharg Islands Amid Escalating US Tensions
Recent US military actions against Larak Island and threats directed at Kharg Island have intensified regional tensions and caused global oil prices to surge.
Manus on Markets: Analyzing US-Iran Tensions Prior to the SCO Summit
Manus Cranny examines the latest global financial shifts and geopolitical tensions, including US-Iran escalations ahead of the SCO summit.
Egypt Announces New US$15 Visa and Consular Fees Effective January 2027
Egypt's Prime Minister Mostafa Madbouly has issued a decree establishing a standardized US$15 fee for entry and transit visas and consular services, effective January 1, 2027.
طفرة الاستثمار الفندقي في دمشق: مشاريع جديدة في المزة وكفرسوسة
فندق ياسمين روتانا على أوتستراد المزة، وافتتاح ديونز بوتيك، ومشروع غاليري حجاز، وتطوير موقع الموفنبيك السابق.
Egypt’s Electricity Ministry Mandates Replacement of Faulty Meters Within 72 Hours
Egypt's Ministry of Electricity and Renewable Energy has ordered the replacement of faulty meters within 72 hours and standardized connection fees nationwide to ease burdens on citizens.
US Central Command Redirects Dozens of Ships Enforcing Maritime Blockade on Iran
The US Central Command reported that 83 commercial vessels have been redirected as part of an ongoing maritime blockade against Iran, which has severely impacted the Iranian economy.
Banque Misr Assures Normal Operations Across All UAE Branches Amid US Treasury Review
Banque Misr has confirmed that its branches in the United Arab Emirates are operating normally as it coordinates with the Central Bank of the UAE and the Central Bank of Egypt regarding a US Treasury proposal.
سوريا تستقبل 3.52 مليون زائر في النصف الأول من 2026 بنمو 111%
قفزة في أعداد الزوار العرب والأجانب والمغتربين السوريين، مع خطة وطنية للسياحة تمتد حتى 2030.
Oil Prices Surge Past $90 as US and Iran Exchange New Strikes and Washington Threatens Further Sanctions
Oil prices climbed above $90 a barrel after the US and Iran exchanged strikes near the Strait of Hormuz, while Washington signaled plans for stricter economic sanctions.
عودة شركات الطيران إلى مطار دمشق: 12 ناقلاً تستأنف رحلاتها عبر دمشق وحلب
الاتحاد للطيران تعود إلى دمشق بعد قرابة 14 عاماً، وفلاي أديل تنضم إلى القائمة، فيما تستأنف 12 شركة إقليمية ودولية رحلاتها.
توسعة مطار دمشق الدولي: الطاقة الاستيعابية إلى 6 ملايين مسافر مع نهاية 2026
عقد بقيمة 4 مليارات دولار لإعادة بناء مطار دمشق الدولي على أربع مراحل، ترفع طاقته تدريجياً إلى 31 مليون مسافر سنوياً.
Dubai Launches Dedicated Lab-Grown Diamond Hub as UAE Trade Volumes Double
The Dubai Multi Commodities Centre has launched a specialized platform for lab-grown diamonds as UAE trade volumes doubled in 2025, reaching 76.9 million carats.
US Targets Banque Misr UAE Operations Over Alleged Iran Ties in New Sanctions Push
The United States has moved to cut off the UAE operations of Egypt's Banque Misr from the US financial system over alleged business dealings with the Iranian government, prompting reviews and investigations by banking authorities.
UAE and Lebanon Forge Closer Economic Ties with Revival of Joint Business Council
The UAE and Lebanon have revived a joint business council to boost bilateral trade and investment, marking a significant step in the restoration of economic ties between the two countries.