Economy
Business and economy news
1121 articles in this section
Masdar and ScottishPower Reach Major Milestone at Massive £4 Billion UK Offshore Wind Farm
Masdar and ScottishPower have completed the foundation installation for the massive East Anglia Three offshore wind farm off the English coast. The £4 billion project aims to generate 1.4 gigawatts of clean power for British homes while navigating complex national energy policy decisions.
Iran Facing 'Alarming' Inflation Crisis as Basic Foods Become Unaffordable
Inflation in Iran has surged to 66%, with state media reporting that basic foods like eggs, rice, and meat have become luxury goods for struggling families.
Erdogan Urges Reopening of Strait of Hormuz Following Oil Disruption
Erdogan calls for the reopening of the Strait of Hormuz in response to ongoing oil disruptions.
Egypt Advances Pumped-Storage Hydropower Project in South Sinai to Boost Grid Stability
Egypt's Electricity Minister Mahmoud Esmat met with the Renergy Group consortium to review progress on a 3,100-megawatt pumped-storage hydropower and solar project in South Sinai.
Egypt's Industry Minister Highlights Vital Role of Alloys in National Industrial Strategy
Industry Minister Khaled Hashem emphasized the importance of the alloys sector during a visit to the Abu Zenima Industrial Zone, highlighting its critical role in Egypt's industrial strategy and heavy manufacturing.
Egypt's Petroleum Minister Pushes for Accelerated Development of Harmattan Offshore Gas Field
Petroleum and Mineral Resources Minister Karim Badawi has ordered accelerated efforts to bring the Harmattan offshore gas field online to boost domestic gas supplies.
Inside the UK’s Grinding Cost of Living Crisis as PM Andy Burnham Pitches Overhaul
Donna O'Hara shares her struggles amid the UK's severe cost of living crisis while Prime Minister Andy Burnham proposes a 10-year plan for economic reform.
Iran Vows Retaliation as Trump and US Officials Signal Unprecedented Economic Chokehold
Iran has vowed to fight back after US President Donald Trump and Treasury Secretary Scott Bessent signaled plans to increase economic pressure and isolate the country.
Escalating Iranian Aggression in the Strait of Hormuz Demands Immediate International Response
Recent attacks on vessels by Iranian forces in the Strait of Hormuz threaten global energy supplies and economic stability, prompting calls for a united international and regional response.
How Rising Fuel Costs and Global Conflict Are Threatening Education on Cambodia's Tonle Sap Lake
Surging fuel prices driven by global conflict are forcing vulnerable children on Cambodia's Tonle Sap lake and beyond to skip school or drop out entirely to help support their families.
Iran's Economy in Freefall Leaves Citizens Struggling for Survival Amid Soaring Food Prices
Decades of sanctions, inflation, and ongoing conflict have pushed Iran's economy into a severe crisis, leaving citizens struggling to afford basic necessities and doubting their future.
Nakheel Begins Handover of Nearly 900 Homes at Redeveloped Jebel Ali Village
Dubai developer Nakheel has started handing over 892 newly built villas and town houses at the redeveloped Jebel Ali Village community.
Abu Dhabi Sovereign Fund L'imad Bids for Full Ownership of AD Ports Group in Major Logistics Expansion
Abu Dhabi sovereign fund L'imad has announced a voluntary conditional cash offer to acquire the remaining shares of AD Ports Group through its subsidiary ADQ in a major expansion move.
Japan’s Second-Quarter Growth Falters Amid Weak Consumption and Capital Spending
Japan's economic growth slowed in the second quarter, missing analyst forecasts as weak private consumption and falling capital expenditures offset strong export gains.
Iran Resumes Oil Loading at Kharg Island Terminal Amid Strait of Hormuz Disruptions
Iran has resumed oil loading at the Kharg Island terminal and rerouted oil flow as shipping slows through the Strait of Hormuz. Meanwhile, political developments unfold between Iran and the US alongside regional updates.
Ferrari's First Electric Vehicle Smashes Records With $40 Million Auction Sale
Ferrari NV's first all-electric vehicle, the Luce, defied early criticism to sell for a record-breaking $40 million at a Sotheby's charity auction during Monterey Car Week.
Gulf Stock Markets Surge Amid Ongoing Iran Impasse and Strait of Hormuz Disruptions
Gulf stock markets advanced on Sunday, led by Saudi Arabia, despite ongoing conflicts, strained diplomacy, and continued shipping disruptions in the Strait of Hormuz.
Iran Resumes Crude Loading at Kharg Island While Expanding Alternative Maritime Routes
Iran has resumed crude oil loading at Kharg Island's western terminal following a 25-day shutdown, utilizing alternative maritime routes to bypass the Strait of Hormuz blockade.
Struggling to Survive: How US Conflict and Blockade Are Choking Iran's Economy
Iranians face dwindling employment options, skyrocketing inflation, and severe economic hardship amid an ongoing war with the United States and a naval blockade.
Egypt and Libya Seal Historic Agreement to Launch Annual Industrial Fair in Benghazi by April 2027
The Federation of Egyptian Industries and the General Libyan Union of Chambers of Commerce have signed a protocol to launch an annual industrial exhibition in Benghazi by April 2027 to boost cross-border trade and economic integration.
Colombia Urges US to Suspend Tariffs as Nation Faces Devastating Earthquake Recovery
Colombian President Abelardo de la Espriella has asked US President Donald Trump to temporarily suspend tariffs to aid the country's recovery from a deadly 7.4-magnitude earthquake.
Inside a Food App Founder's Dh155,000 Four-Bedroom Villa in Dubai's Villanova
Briton Andrew Burgess shares details of his four-bedroom rental villa in Dubai's Villanova community, where he pays Dh155,000 a year with his family.
Quiet Revolution: Electric Bikes Gain Traction in Nigeria Amid Skyrocketing Fuel Prices
Rising fuel prices following the removal of Nigeria's petrol subsidy are driving commercial transport operators in Gombe to adopt electric motorcycles as a cost-effective alternative.
Scarce and Priceless: How a Simple Lighter Became Essential to Survival in Gaza
Displaced families and workers in Gaza are relying on fragile, frequently repaired lighters and shared sparks to cook and survive amid severe wartime shortages.