Economy
Business and economy news
1128 articles in this section
UAE Venture Capital Set to Focus on Supply Chains and Top Talent
Venture capital in the UAE is poised for growth driven by supply chain innovations and top-tier talent, despite regional geopolitical shifts. Funding in the Emirates reached a record $419 million in the first quarter of 2026.
US and Canada Trade War Threatens Up to 90,000 Jobs
A developing trade war between the US and Canada poses a severe economic threat, potentially costing up to 90,000 jobs.
Gems Education CEO Predicts Companies Will Soon Recruit High School Leavers Over University Graduates
Gems Education CEO Dino Varkey predicts that companies in the UAE will increasingly bypass universities to recruit high school graduates directly, highlighting a growing demand for multi-skilled professionals.
Canada Welcomes US Shift on French Language and Culture in Trade Talks
Canada's top trade negotiator Dominic LeBlanc welcomed a shift in the US position regarding French language discoverability and cultural measures amid ongoing trade tensions and retaliatory tariffs.
US Central Command Clears Strait of Hormuz Shipping Lanes of Iranian Mines
US Central Command reports that military forces have cleared Iranian sea mines from shipping lanes in the Strait of Hormuz, enabling the safe passage of nearly 1,500 commercial vessels carrying crude oil.
Six Months of Conflict Leaves Gulf Oil Trapped Between the Strait of Hormuz and the Red Sea
Six months of ongoing conflict involving the US, Israel, and Iran has choked vital Gulf oil routes, leading to historic global supply disruptions and severe infrastructure damage.
US Nears Landmark Agreement to Secure Venezuelan Oil Fields and Boost Energy Supplies
The Trump administration is reportedly close to finalizing an agreement with Venezuela to secure long-term access to vital crude reserves and boost American energy supplies.
How Gulf Remittances Shield Families from Sudden Income Shocks and Disaster
New research highlights how billions in remittances from Gulf countries help households abroad cushion the impact of sudden income losses and natural disasters while preserving personal dignity.
Union Properties CEO Amer Khansaheb Resigns After Successful Business Turnaround
Union Properties CEO Amer Khansaheb has resigned following a successful restructuring that included settling legacy debt and restarting project launches. A transitional management committee will run the company until a successor is appointed.
US Terror Delisting Revives Syria's Prospects for Foreign Investment and Global Banking
The removal of Syria from the US list of state sponsors of terrorism paves the way for foreign investment, international banking access, and economic reconstruction.
Israeli Settlers Target West Bank Factories and Farmland in Campaign to Force Palestinians Off Land
A wave of arson attacks and vandalism by Israeli settlers against West Bank factories and farmland aims to displace Palestinians and cripple the local economy.
Experiencing Etihad Rail: How the UAE's New Train Network is Uniting the Nation
A journey on the newly launched Etihad Rail service highlights the transformative impact of the UAE's modern train network on travel, tourism, and national connectivity.
Dubai to Push Forward with Dh55 Billion Al Maktoum Airport Expansion Contracts
Dubai Airports is set to award an additional Dh55 billion in contracts for the Al Maktoum International Airport expansion, with construction pressing forward undeterred by regional conflicts.
Residents in Dubai's Uptown Motor City Push Back Against Controversial Paid Parking Plan
Residents of Dubai's Uptown Motor City are protesting a new 24/7 paid visitor parking scheme planned by property management company Edacom and Parkonic, citing a lack of consultation and concerns over fees.
Strait of Hormuz Faces Persistent Threats Despite US Claims of Complete Mine Clearance
Despite US claims that sea mines in the Strait of Hormuz have been cleared, Iranian officials and maritime experts warn that the vital waterway remains high risk and effectively closed due to persistent hazards and soaring insurance costs.
UAE Business Delegation Visits Lebanon to Establish New Council and Secure Investments
A high-level UAE delegation visited Lebanon to establish a new business council and explore investment opportunities, signaling a thaw in bilateral relations.
US Inflation Persists Above Federal Reserve Target, Fuelling Interest Rate Hike Speculation
US inflation remained sticky in July, holding well above the Federal Reserve's target and fuelling expectations of potential interest rate hikes. The data highlights ongoing economic pressures driven by energy costs, stagnating real incomes, and new trade tensions.
Qatar Cabinet Approves Real Estate Tokenisation Bill and Reviews 2026-2027 Academic Year Preparations
Qatar's Cabinet approved a new real estate tokenisation draft bill and reviewed preparations for the 2026-2027 academic year during its regular session chaired by Sheikh Mohammed bin Abdulrahman Al Thani.
Parkonic Offers Free Parking Across UAE Locations for Prophet Mohammed's Birthday Holiday
Private parking operator Parkonic has announced free parking across various UAE locations, including Abu Dhabi and Dubai, in observance of the Prophet Mohammed's birthday public holiday.
Why Market Returns and Peer Stories Fail to Measure Your True Financial Health
Relying on market returns and peer success stories is an ineffective way to measure personal financial health. True financial progress is better evaluated through five key questions focused on your personal goals and lifestyle.
Syria's President Completes Historic First Visa Payment Following Sanctions Relief
Syria's president makes the country's first Visa payment following the recent removal of economic sanctions.
How a 95 Percent Collapse in Strait of Hormuz Traffic Redefined Global Maritime Shipping
A 95 percent drop in vessel traffic through the Strait of Hormuz due to the ongoing conflict has severely disrupted global maritime trade, driving up energy prices and forcing major shifts in international shipping routes.
Unlocking the Future of Green Energy: Why Battery Storage is Essential for Renewables
Battery energy storage systems (Bess) are emerging as the vital solution to renewable energy intermittency, driving billions in investments and massive capacity expansions globally and across the Middle East.
Decoding Petrol Prices: How Global Markets and Government Policies Shape Fuel Costs
Global oil market volatility and regional conflicts influence petrol prices, while governments utilize various mechanisms like taxes, subsidies, and pricing formulas to manage fuel costs at the pump.