Economy
Business and economy news
1124 articles in this section
Egyptian Prime Minister Mostafa Madbouly Travels to Tanzania for Julius Nyerere Dam Inauguration
Egyptian Prime Minister Mostafa Madbouly traveled to Tanzania to inaugurate the Julius Nyerere Hydroelectric Dam, a major cooperative development project built by Egyptian and Tanzanian teams.
Panama Canal Prepares for Reduced Shipping Capacity Amid Approaching El Nino Conditions
The Panama Canal is reducing shipping operations in response to approaching extreme El Nino conditions, according to a recent video report.
Examining the Economic Impact of Trump's Tariffs on Canada
A short video explores how potential tariffs implemented by Trump could impact the economy of Canada.
Hurghada Hotels Achieve Full Capacity for Third Straight Month Amid Tourism Boom
Hurghada hotels and resorts have maintained near-100 percent occupancy for the third consecutive month, driven by strong international and domestic tourism demand.
Navigating UAE Real Estate: How to Accurately Value Your Apartment and Choose Between Off-Plan and Completed Properties
Property experts share essential advice on how UAE homeowners can accurately value their apartments and guide international investors through the choice between off-plan and completed properties.
Trade Talks Collapse as US Imposes 50% Tariffs on $20bn in Canadian Goods
The United States has imposed 50-percent tariffs on over $20bn in Canadian goods after trade negotiations in Washington DC failed, prompting Canadian Prime Minister Mark Carney to vow dollar-for-dollar retaliation.
World Bank Warns Lebanon's Economy Faces 6.4 Percent Contraction in 2026 Amid Renewed Conflict
The World Bank projects Lebanon's GDP will contract by 6.4 per cent in 2026 due to the ongoing Israel -Hezbollah war, severely reversing a brief economic recovery.
Escalating Civilian Casualties and Economic Strain Spark Warnings of Social Crisis in Russia
As rising civilian casualties in Ukraine meet devastating long-range strikes on Russian fuel and infrastructure, a top Russian economist warns of an impending social crisis.
UAE Extends Pension Coverage to Part-Time Emirati Workers in Public and Private Sectors
The General Pension and Social Security Authority announced that Emiratis working part-time hours in public and private sectors will now be eligible for UAE pension coverage.
Why China and Russia Complicate Donald Trump's Strategy to Isolate Iran
President Donald Trump has threatened severe economic consequences for nations aiding Iran, but analysts argue that strong trade ties with China and Russia will hinder Washington's isolation strategy.
Al Hudayriyat Island Leads Abu Dhabi Real Estate Sales in Strong First Half of 2026
Al Hudayriyat Island led Abu Dhabi real estate sales in the first half of 2026, reaching Dh19 billion amid continued market resilience.
US Energy Department Allocates $500 Million to Boost Domestic Critical Mineral Projects
The US Energy Department has announced $500 million in grants for seven critical minerals companies to strengthen domestic supply chains and reduce foreign dependence.
Oil Set for Weekly Gains While Gold and Bitcoin Surge on US Treasury Buyback Plans and Iran Tensions
Oil prices are heading for a weekly gain alongside surging gold and Bitcoin prices driven by US Treasury buyback plans and escalating tensions with Iran.
Fears for the Future Mount as Houthi Attacks Force Closure of Yemen's al-Makha Port
The suspension of operations at al-Makha port following Houthi attacks has left 1,500 workers jobless and sparked deep concerns among local traders and fishermen.
Dubai Completed Property Investments Soar Past $30 Billion in Early 2026
Investments in completed Dubai real estate projects surged 52 percent year-on-year to $30.2 billion in the first half of 2026, showcasing strong market resilience.
Walmart Shares Plunge as US Consumer Spending Retreats Amid Rising Costs
Walmart shares dropped sharply after reporting its slowest quarterly sales growth in six years, as rising petrol prices and inflation cause US consumers to pull back on spending.
US Imposes New Economic Sanctions on Cuba Targeting Key Mining and Construction Sectors
The United States has announced new economic sanctions targeting nine state-owned mining, metal, and construction companies in Cuba as part of an ongoing maximum pressure campaign by the Trump administration.
Bitcoin Surges Past $75,000 Amid US Treasury Bond Plans and Trump Crypto Push
Bitcoin climbed past $75,000 following US Treasury bond buyback announcements and President Donald Trump's push for crypto legislation.
Panama Canal Announces Shipping Restrictions Due to Impending El Nino Drought Conditions
The Panama Canal Authority is set to reduce daily vessel transits starting in September to conserve water amidst impending El Nino drought conditions.
AD Ports Group Appoints HSBC as Financial Adviser for L'imad Takeover Bid
AD Ports Group has hired HSBC to advise on a multi-billion-dirham voluntary conditional cash offer from Abu Dhabi sovereign investment arm L’imad to acquire all remaining shares.
Pentagon Surges Missile and Air-Defense Spending Amid Shifting Warfare Demands
The Pentagon's budget request for financial year 2027 reveals massive funding increases for missiles and air-defense systems, driven by the evolving demands of modern warfare and the ongoing US war with Iran.
US Military Surges Missile and Air-Defence Spending Amid Rapidly Evolving Warfare
The US military is requesting massive funding increases for missiles, air-defence systems, and counter-drone technology for the financial year 2027. This surge reflects a strategic shift away from traditional ground combat toward aerial and missile defense.
⚠️DeletedBitcoin Surges Past $75,000 Amid US Policy Shifts and Regulatory Optimism
Bitcoin surpassed $75,000 during an Asian trading rally fueled by US Treasury bond buyback announcements and renewed presidential backing for crypto legislation.
Why the Green Transition Must Deliver Jobs Today, Not Just Climate Targets for 2050
Addressing high global youth unemployment requires aligning the green transition with immediate economic opportunities rather than focusing solely on long-term climate targets. True sustainability must encompass the triple bottom line of people, planet, and prosperity.