Economy
Business and economy news
1128 articles in this section
Delcy Rodriguez Affirms Venezuela's Sovereignty Following US Oil Agreement
Delcy Rodriguez asserts that Venezuela retains its full sovereignty despite the implementation of a new US oil agreement.
Transport Minister Inspects Egypt's High-Speed Rail Project Ahead of Trial Operations
Transport Minister Kamel al-Wazir inspected progress on Egypt's first high-speed electric rail network line ahead of upcoming trial operations. The massive infrastructure project spans 660 km, connecting the Red Sea to the Mediterranean.
Egypt Focuses on Advanced Workforce Training for Arab and European Markets, Says Labor Minister
Labor Minister Hassan Raddad stated that Egypt is prioritizing workforce training to prepare young people for regional and international labor markets while highlighting a drop in national unemployment.
Taco Bell Makes Long-Awaited Return to the UAE After 14 Years Through Americana Restaurants Partnership
Taco Bell is returning to the UAE after 14 years through a new agreement with Americana Restaurants, with plans for a wider Gulf expansion.
US Secures Major Control Over Venezuelan Oil Reserves Following Controversial Deal
The United States has reached a controversial agreement with Venezuela's interim government to gain majority control over 65 billion barrels of the nation's oil reserves.
Ontario Premier Doug Ford Defies Donald Trump with Massive 'Lake Ontario' Billboard Amid Trade War
Ontario Premier Doug Ford erected a massive billboard near Hamilton to reject US President Donald Trump's controversial renaming of Lake Ontario as 'Lake America' amid an escalating trade war.
Dubai Invests Dh1.1 Billion in Al Meydan Street Development to Cut Travel Times by 66%
Dubai has launched a Dh1.1 billion transport initiative called the Al Meydan Street Development Project to reduce travel times by 66 per cent and boost road capacity.
How Syria Can Fast-Track Power Sector Recovery Using Jordan's Blueprint
Drawing lessons from Jordan's decades of power sector reform, Syria has a unique opportunity to rebuild its electricity infrastructure efficiently by avoiding past regional mistakes and embracing strategic regional integration.
Iraqi Kurdistan Restarts 230,000 bpd Oil Production Following Drone Attacks
Iraqi Kurdistan has resumed oil production of up to 230,000 barrels per day across most of its oilfields following disruptions from drone attacks.
Iran's Supreme Leader Appeals for Unity Amid Escalating Economic Crisis and Petrol Shortages
Iran's supreme leader, Ayatollah Mojtaba Khamenei, has called for national unity amidst severe economic pressures, a plunging rial, and a worsening petrol crisis that has triggered panic-buying.
UAE Central Bank Launches Urgent Investigation Into Banque Misr Following US Money Laundering Warning
The UAE Central Bank is launching an urgent forensic investigation into Banque Misr's local branches after US authorities raised money laundering concerns. The probe will examine targeted transactions and review compliance standards.
Venezuela Defends Sovereignty Following Historic $200B US Oil Deal
Venezuela's interim president, Delcy Rodriguez, insists the country maintains its sovereignty despite a major 25-year oil deal with the US that could generate over $200bn annually.
US Treasury Secretary Scott Bessent Pressures G20 to Isolate Iran's Economy Amid Escalating Tensions
US Treasury Secretary Scott Bessent is set to urge G20 nations to isolate Iran's economy and cut off its financial networks during this week's ministerial meeting.
How the Iran Conflict is Boosting US Oil Profits While Threatening Vital Gulf Energy Infrastructure
US oil majors are reporting record earnings driven by rising oil prices amid the conflict with Iran, yet their regional infrastructure and long-term investments in the Gulf face severe disruption and security threats.
Qatar and Türkiye Set Ambitious $5 Billion Bilateral Trade Target to Deepen Economic Ties
Qatar and Türkiye have established a new $5 billion target for bilateral trade, aiming to deepen economic cooperation, supply chain resilience, and investment ties.
US Imposes Sweeping Sanctions on Nearly 60 Entities Targeting Iran’s Economy
The US Treasury Department has imposed sweeping sanctions on nearly 60 individuals and entities across multiple nations to isolate Iran's economy amid ongoing conflict.
China Vows to Defend Its Interests as US Expands Iran Sanctions and Economic Pressure
China has vowed to safeguard its national interests after the United States unveiled new sanctions targeting its economic partner Iran. Beijing rejected Washington's unilateral pressure campaign, warning of strong resistance against any measures affecting Chinese companies.
Nairobi Businesses Shut Down as Kenyan Police Disperse Import Duty Protesters with Tear Gas
Kenyan police deployed tear gas in Nairobi as hundreds of traders closed businesses to protest a contentious hike in import duties.
Inside Gaza's Cash Famine: How Residents Struggle with Unreliable Online Payments and Worn Banknotes
Gaza residents face severe daily struggles due to a severe cash shortage and broken banking infrastructure, forcing them to rely heavily on unreliable online payment methods and scarce banknotes.
Canada's Economy Bounces Back in Q2, but New US Tariffs Threaten Future Growth
Canada's economy rebounded with a 3.3 percent annualised growth rate in the second quarter, though new US tariffs and trade disputes threaten future economic stability.
US Forces Reroute 75 Vessels as Iran Loses Leverage in the Strait of Hormuz, Says Centcom
US forces have redirected 75 vessels away from Iranian ports as officials report Iran is losing leverage over the Strait of Hormuz amid escalating sanctions and regional diplomacy.
Iran Restores 40% Capacity at South Pars Gas Field Following Israeli Attack
Iran reports that 40 percent of the capacity at the South Pars gas field has been restored following an Israeli strike, though full rebuilding efforts are expected to take at least two years.
Central Bank of Egypt Issues Urgent Warning Against Sharing One-Time Passwords
The Central Bank of Egypt has issued a strict warning urging bank customers never to share their One-Time Passwords, highlighting severe risks of fraud, unauthorized purchases, and fund transfers.
Inside the Finances of Dubai Entrepreneur Ilia Sheludiakov: 'I Pay Myself Dh50,000 a Month'
Dubai-based entrepreneur Ilia Sheludiakov discusses his journey from Moscow marketing to building a successful real estate and investment portfolio, detailing his Dh50,000 monthly living budget.