Economy
Business and economy news
1123 articles in this section
Dubai Drivers Face Expanding Paid Parking Network as Parkin Cites Urban Growth
Parkin executives say Dubai's expanding paid parking network is essential to manage traffic and urban growth, despite facing some resident criticism.
Trump Warns of Severe Economic Consequences for Countries Dealing With Iran
US President Donald Trump has threatened severe economic consequences for any country supporting Iran, prompting responses from international partners and Iranian officials amid ongoing trade suspensions.
Iran Prepares to Defend Its Economy as Washington Threatens Unprecedented Sanctions
Iran is bracing for severe new US economic sanctions and a continued naval blockade while keeping the strategic Strait of Hormuz closed until previous agreements are honored.
Exploring New Alamein: Egypt's Modern Yet Ghost-Town Coastal Destination
A visit to Egypt's New Alamein reveals a massive, multi-billion-dollar coastal development that feels strangely exclusive and deserted, raising questions about its high costs and lack of residents.
Rising Costs in Iran Highlighted in Recent Video Amid Economic Pressures
A short video examines how ongoing conflict is making life increasingly expensive for people in Iran.
US Treasury Doubles Debt Repurchases to Stabilize Bond Market Amid Rising Inflation and Federal Reserve Rate Pressures
The US Treasury has announced plans to double its government debt repurchases to stabilize the bond market, as long-term yields hit 20-year highs and the Federal Reserve weighs potential interest rate increases.
Egypt Secures $2 Billion Investment from Chinese Industrial Giant for Suez Canal Zone Mega-Project
Egypt has secured a $2 billion investment from a major Chinese industrial partner to build a high-tech green manufacturing complex in the Suez Canal Economic Zone.
Inside Meta's Landmark Trial: The Staggering Financial and Structural Risks of the Social Media Addiction Lawsuit
Meta is facing a landmark federal trial brought by 29 state attorneys general over allegations that Facebook and Instagram are designed to create addictive behaviors in young users. The massive lawsuit could result in structural platform changes and up to $1.4 trillion in fines.
Trump Unleashes Unprecedented Economic Warfare and Complete Isolation Against Iran
US President Donald Trump announced unprecedented economic warfare and isolation against Iran, warning that any nations supporting Tehran will face severe consequences.
Prime Minister Mostafa Madbouly Tasks Egyptian Diplomats with Driving Foreign Investment and Boosting Exports
Prime Minister Mostafa Madbouly met with Egypt's newly appointed diplomatic heads to urge them to prioritize attracting foreign investments, boosting trade, and promoting tourism.
Iran Central Bank Chief Admits Oil Exports Have Plunged to Zero Amid Intense US Pressure
Iran's central bank chief has confirmed that the country's oil exports have fallen to zero amid mounting economic pressure and a deepening stalemate with Washington.
Dubai Inflation Eases in July Following June Peak Driven by Global Energy Pressures
Dubai's annual inflation eased to 5.33 per cent in July from June's peak as transport costs moderated, though economists warn of potential short-term rebounds due to August fuel price adjustments.
Japanese Foreign Minister Toshimitsu Motegi Tours Gulf to Address Maritime Security and Energy Flows
Japanese Foreign Minister Toshimitsu Motegi is visiting Saudi Arabia and Oman to address critical maritime security challenges and secure stable energy flows amid regional shipping disruptions.
Egypt Secures $168 Million in New Export Deals with China
Egypt's Ministry of Investment and Foreign Trade announced the signing of 17 export contracts worth $168 million with China during the 'Export to China' event. The agreements aim to boost shipments of various Egyptian products, including agricultural goods, textiles, and minerals.
Egypt and UAE's Modon Review Rapid Progress on Ras el Hekma Development
Housing Minister Randa al-Menshawy met with UAE's Modon Holding Managing Director Abdulla Al Sahi to review construction progress and future plans for the Ras el Hekma development project.
Impact of Conflict on the Rising Cost of Living in Iran and Regional Strikes
Recent video footage highlights a missile strike on the Ukrainian capital while ongoing conflict continues to drive up living expenses for people in Iran.
Strait of Hormuz Data Reveals Whether Ships Fear Iran or the US More
Traffic data from the Strait of Hormuz reveals that commercial vessels are more willing to openly defy US threats than to risk offending Tehran, despite heavy naval blockades and military strikes.
Climate Change Could Triple the Size of Wildfire-Affected Areas Across Europe
New research warns that climate change could triple the size of wildfire-affected areas across Europe by the end of the century. Meanwhile, a new report highlights the escalating economic costs of extreme heat in London.
Why Modern Workplaces Must Adapt to Help Employees Balance Careers and Life
Organisations must adapt their career and workplace models to support employee flexibility and personal responsibilities as technology and workforce dynamics evolve.
Sharjah’s Arada Group Unveils $1.36 Billion Twin-Tower Residential Project on Australia's Gold Coast
Sharjah-based Arada Group is expanding its footprint in Australia with a $1.36 billion twin-tower residential project in Broadbeach on the Gold Coast, targeting completion before the 2032 Olympic and Paralympic Games.
Strait of Hormuz Oil Flows Tripled Under US-Iran MoU Before Expiration, Ship Tracking Data Reveals
Oil shipments through the Strait of Hormuz surged while a US-Iran MoU was in effect, but expired without a permanent peace deal amid ongoing commercial vessel attacks.
Manus on Markets: Analyzing the Effectiveness of Bessent's Bond Buybacks
Manus Cranny examines whether Bessent's bond buybacks will work amidst a backdrop of global financial flux, tariff turmoil, and major international headlines.
Abu Dhabi Set to Double Power Demand by 2050 Amid Rapid Economic and Digital Growth
Abu Dhabi's power demand is expected to double by 2050, fueled by rapid economic expansion, population growth, and heavy investments in renewable energy and artificial intelligence infrastructure.
US Administration Weighs Support for Lebanon's Ailing Electricity Sector
The US is reviewing Lebanon's decades-old electricity crisis for potential support following talks between President Donald Trump and Lebanese President Joseph Aoun. The initiative aims to bolster the Lebanese state and reduce reliance on private generators and Hezbollah-linked energy networks.