Economy
Business and economy news
1126 articles in this section
Taqa Set for ADX Delisting Following Complete Acquisition by L’imad
Abu Dhabi sovereign wealth fund L’imad has completed a 100 per cent acquisition of Taqa, leading to the energy company's upcoming delisting from the Abu Dhabi Securities Exchange.
Global Economy Showing Resilience Against Energy Shock from Iran Conflict, IMF Chief Reports
IMF chief Kristalina Georgieva announced that the global economy is proving resilient against energy disruptions caused by the Iran conflict, aided by strategic reserves and the global AI boom, despite ongoing fiscal pressures.
Severe Fuel Shortages Trigger Long Queues and Panic Buying at Petrol Stations Across Tehran
Severe fuel shortages and panic buying have sparked long queues at petrol stations across Tehran and other Iranian cities, straining the nation's distribution network.
Oil Prices Plunge Over 3% to One-Week Low Following Sweeping US Sanctions on Iran
Oil prices dropped over 3 percent to a one-week low as investors evaluated the impact of sweeping new US economic sanctions on Iran and ongoing regional tensions.
Iran Dismisses US Threat of New Sanctions, Claiming America Lacks Economic Leverage
Iranian Parliament Speaker Mohammad Bagher Ghalibaf dismissed US Treasury Secretary Scott Bessent's threat of new sanctions, arguing that the US lacks the economic leverage to restrict global relations.
Smart Strategies to Cut Back-to-School Costs and Avoid the August Financial Hit
Experts share practical tips on how parents can reduce back-to-school financial stress by spreading purchases, buying generic items, and embracing second-hand uniforms.
UN Chief Proposes Emergency Mechanism to Safeguard Fertilizer Supply Through Strait of Hormuz Amid Global Conflict
UN Secretary General Antonio Guterres has proposed a new mechanism to secure fertilizer and essential goods shipments through the Strait of Hormuz amid escalating global shipping disruptions and soaring costs.
Qatar's MATAR Joins United for Wildlife to Fight Global Illegal Wildlife Trafficking
Qatar's MATAR has joined the United for Wildlife Transport Taskforce by signing the Buckingham Palace Declaration to strengthen Hamad International Airport's efforts against illegal wildlife trafficking.
US Intensifies Economic Pressure on Iran with Expanded Sanctions to Break War Impasse
The US is expanding secondary sanctions on Iran to isolate its economy and break the ongoing war deadlock, prompting warnings from Washington and retaliatory threats from Tehran.
Dubai's Parkin Sets Sights on Bahrain and Egypt in Major Regional Expansion
Dubai's public parking operator Parkin is expanding its operations into Bahrain and Egypt following new strategic partnerships. The company aims to bring its smart parking technologies and digital platforms to the wider region.
Saudi Arabia Commits $6 Billion to Build Manga-Themed Amusement Parks Near Paris
Saudi Arabia's Public Investment Fund has agreed to invest $6 billion in three manga-themed amusement parks near Paris, featuring themes like Dragon Ball.
US Unveils Maximum Pressure Campaign with New 'Economic D-Day' Sanctions on Iran
US Treasury Secretary Scott Bessent announced a severe new economic pressure campaign against Iran, targeting global financial interests, oil revenue, and key sectors to isolate Tehran.
Norway Pressures Ahead with Barents Sea Arctic Drilling to Secure European Energy Supplies
Norway's Energy Minister Terje Aasland announced that the country will press forward with Arctic oil and gas development in the Barents Sea to support European energy security, despite EU environmental restrictions.
Trump Administration Moves to Permanently Enforce $103,265 H-1B Visa Fee
The Trump administration has proposed a permanent $103,265 fee for H-1B work visas, drawing intense legal scrutiny and sparking debate across the tech, education, and research sectors.
Trump Threatens 50% Tariffs on Canadian Autos Following Collapsed Trade Negotiations
US President Donald Trump has threatened to impose a 50 per cent tariff on Canadian cars and automotive parts starting January 1 following the collapse of recent trade negotiations.
Egypt Champions Integrated Water Management Strategies to Maximize Resource Efficiency
Minister of Water Resources and Irrigation Hani Sewilam outlined Egypt's advanced strategies for sustainable water management during a lecture at COP17 in Mongolia.
Prime Minister Mostafa Madbouly and CBE Governor Discuss Economic Coordination and Financial Reforms
Prime Minister Mostafa Madbouly met with CBE Governor Hassan Abdalla to discuss economic coordination, inflation reduction, foreign reserves, and new digital financial identity regulations.
Egypt and Mongolia Explore Strategic Partnerships in Water Resources Management
Egyptian and Mongolian officials met during COP17 to discuss cooperation in water resources management, focusing on agricultural efficiency and food security.
Yemen’s Houthis Claim Ballistic Missile Strike on Saudi Tanker in Red Sea
Yemen's Houthi rebels claimed a ballistic missile attack on a Saudi oil tanker off the coast of Yanbu in the Red Sea, causing a fire aboard the vessel.
US Pressure Campaign Against Iran Puts Trump's Trade Truce with China to the Test
The US has launched a new maximum-pressure campaign against Iran's economy called 'Operation Economic Outcast,' testing relations and trade agreements with major global players like China.
US Imposes Stiff New Sanctions on Iran Amid Escalating Economic Pressures
The US administration has unveiled severe new economic sanctions and a naval blockade targeting Iran's oil, aviation, and shipping sectors as the ongoing conflict approaches the six-month mark.
Manus on Markets: Analyzing the Global Financial Impact of US Sanctions on Iran
Manus Cranny explores whether impending US sanctions against Iran could send shockwaves through the global financial system, alongside other major global headlines.
Abu Dhabi's Lulu Island Set for Major Transformation as Eagle Hills Properties Confirms Development Plans
Eagle Hills Properties has confirmed it is overseeing the long-awaited development of Abu Dhabi's Lulu Island, paving the way for a major residential and waterfront transformation.
US Imposes Sweeping New Sanctions Against Iran Amid Escalating Tensions
The US has announced sweeping new sanctions against Iran as part of an unprecedented economic campaign to sever Tehran's financial ties. Regional and international reactions continue to unfold amid escalating tensions.