Economy
Business and economy news
1124 articles in this section
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.
Turkey Enters Syria's Oil and Gas Sector with Major Exploration Deals
Turkey has agreed to launch oil and gas exploration in Syria as Damascus seeks foreign investment to rehabilitate its battered energy sector following years of civil war.
Six Countries Offer Lucrative Financial Grants and Incentives for Egyptians Seeking to Live and Work Abroad
Six countries are currently offering financial grants, housing support, and relocation incentives to attract international workers and entrepreneurs, though standard visa and residency requirements still apply.
Prime Minister Moustafa Madbouly Oversees Leadership Transition at SCZONE
Prime Minister Moustafa Madbouly presided over the formal handover of the Suez Canal Economic Zone presidency from outgoing chairman Walid Gamal al-Din to newly appointed chairman Moustafa Shekhon.
Manus on Markets: UAE Suspends Trade and Financial Transactions with Iran Amid Global Economic Shifts
Manus Cranny explores global financial shifts, highlighted by the UAE halting trade and financial transactions with Iran, alongside other international news updates.
US and Canada Secure Last-Minute Trade Agreement to Avoid Massive Tariffs, Trump Announces
US President Donald Trump announced that the United States and Canada have reached a trade agreement to prevent a 50 percent tariff on Canadian goods just before a midnight deadline.
Why Iraq's Economic Crisis Requires Deep Reform Rather Than Currency Redenomination
As Iraqi officials consider redenominating the dinar, experts emphasize that deep-seated corruption and a lack of public trust in financial institutions remain the nation's true economic hurdles.
Why Coal Profits Are Surging Worldwide Amid the Iran War Crisis
The war on Iran and the resulting disruption of oil and gas supplies have forced nations worldwide to fall back on coal, driving a major surge in consumption and profits for producers like South Africa's Thungela Resources.
US Refineries Now Import Half of Venezuela's Oil Output, Senior Official Reveals
A senior US official revealed that the United States is now taking in half of Venezuela's oil output, following months of major political shifts and production adjustments.
Jordan's King Abdullah Seeks Deeper Economic Ties with Chinese Executives in Shanghai
Jordan's King Abdullah met with Chinese business executives in Shanghai to strengthen economic partnerships and discuss regional challenges amid the ongoing Iran war.
Saudi Aramco and Maaden Join Forces to Unlock $2.5 Trillion in Mineral Wealth
Saudi Aramco and Maaden have formed a joint venture to explore critical minerals across a 182,000-square-kilometre area, supporting Saudi Arabia's goals to diversify its economy and tap into $2.5 trillion of mineral wealth.
Top Russian Economist Ousted After Publicly Warning of Ukraine War's Economic Toll
Top Russian economist Andrey Klepach lost his position at VEB shortly after his critical remarks about the economic toll of the war in Ukraine were made public.
Soaring Tobacco Taxes and Mild Penalties Drive Booming Global Illicit Cigarette Trade
Experts warn that punitive tobacco taxes and lenient smuggling penalties are driving a booming global black market, following a massive seizure of over 70 million illicit cigarettes by Dubai Customs.
Brazil's President Champions Amazon Oil as the 'Passport to the Future'
Brazil's president has declared that Amazon oil represents a passport to the future, according to a recent video report.
Egypt and UNDP Explore New Initiative to Safeguard Red Sea Coral Reefs
Egypt's Local Development and Environment Minister Manal Awad met with UNDP Deputy Resident Representative Ghimar Deeb to establish a fund protecting Red Sea coral reefs.
Libya Seeks Up to $40 Billion to Unlock Vast Oil and Gas Potential Amid Security Challenges
Libya's National Oil Corporation is seeking up to $40 billion in investments to revive its oil and gas sector and increase production, despite ongoing political instability and security threats.
Iraq Revives Longstanding Plan to Delete Zeros from Dinar Amid Deepening Budget Squeeze
Iraq is reviving discussions to remove zeros from the dinar to address a severe budget squeeze, combat idle hoarded cash, and restore currency value.
Dubai Advances Mega Rail Project to Connect DXB and DWC Airports with Five-Station Express Line
The Roads and Transport Authority has received six bids for a 55-kilometre train line connecting Dubai International Airport and Al Maktoum International Airport.
Top Russian Economist Ousted Following Public Warning Over Mounting Ukraine War Costs
Andrey Klepach has been removed from his position as chief economist at Russia’s state development bank VEB after publicly warning that the war in Ukraine is harming the Russian economy.
Manus on Markets: How Claude is Fueling Explosive Growth for Anthropic
Manus Cranny examines the latest global financial trends, highlighting how Claude is driving explosive growth for Anthropic alongside other major world news.
Canada Scrambles Against Time and Politics to Head Off Sweeping US Tariffs
Canada is racing against a Wednesday deadline to avert heavy US tariffs on billions in exports as trade negotiations with the Trump administration remain tense and complex.
Navigating the Ice: Can China's Arctic Sea Route Overcome Global Supply Chain Crises?
China has introduced a new Arctic shipping route known as the Ice Silk Road to bypass Middle East chokepoints and reduce travel times to Europe, though significant geopolitical and environmental challenges remain.
US Strategic Petroleum Reserve Plummets to 1982 Low Amid Middle East Energy Pressures
US crude oil reserves have dropped to their lowest level since 1982 as ongoing Middle East conflicts strain energy supplies and drive up petrol prices.
Strait of Hormuz Traffic Plummets to Single Digits as US-Iran Deal Expires
Vessel traffic through the Strait of Hormuz has dropped to single digits following the expiration of the 60-day US-Iran memorandum of understanding, leaving hundreds of commercial ships stranded.