Economy
Business and economy news
1121 articles in this section
Dubai Customs Thwarts Massive Smuggling Attempt of Over 70 Million Cigarettes Bound for Europe
Dubai Customs intercepted nine shipments containing over 70 million cigarettes disguised as clothing, successfully thwarting a major smuggling operation bound for Europe.
Jordan's King Abdullah II Seeks Economic Ties in China Amid Regional War Fallout
Jordan's King Abdullah II is set to visit China to meet President Xi Jinping and discuss economic cooperation as the kingdom's economy suffers from the impact of the Iran war.
From Rooftops to Recovery: Gaza's Beekeepers Fight to Revive Their War-Tattered Industry
Despite severe wartime destruction, restrictions, and the loss of agricultural land, resilient beekeepers in Gaza are restarting their businesses on rooftops and struggling to keep the local honey tradition alive.
Egypt's Petroleum Minister and Elsewedy Capital Holding Fast-Track New Phosphate Fertilizer Plant
Petroleum Minister Karim Badawi and Elsewedy Capital Holding Chairman Ahmed Elsewedy met to accelerate the development of a new phosphate fertilizer plant in the Suez Canal Economic Zone.
Beyond Oil: How Prolonged Regional Conflict Reshaped Gulf Economies
Five months into the US war with Iran, Gulf economies have faced severe disruptions to energy exports and supply chains through the Strait of Hormuz, shifting economic focus from oil prices to geopolitical dependence.
Left Behind by Progress: The Indigenous Women Excluded from India's Largest River Project
Displaced women in Madhya Pradesh are being denied compensation due to administrative oversights in India's first major river-linking project, leaving vulnerable families without homes or support.
UK Keeps Strong Fitch Rating as Energy Pressures Threaten Growth and Inflation
Fitch has maintained the UK's AA- sovereign credit rating, but warned that soaring energy prices and inflation will slow economic growth under Prime Minister Andy Burnham.
UAE Gender Balance Strategy 2027–2031 to Unlock New Horizons for Talent, Says Sheikha Manal
The UAE Gender Balance Council has announced a new community survey as part of the UAE Gender Balance Strategy 2027–2031 to expand opportunities for talent and economic empowerment.
Egypt Strengthens Maritime Trade Fleet with Two Massive New Cargo Ships from China
Egypt's National Navigation Company has expanded its fleet by taking delivery of two massive 82,000-ton dry bulk carriers from China as part of a broader strategy to boost international trade capabilities.
Oil Prices Surge as US Threatens Indefinite Blockade Against Iran
Oil prices have risen as the US threatens an indefinite blockade against Iran and prepares to deploy the USS George Washington carrier to the Middle East amidst regional escalations.
Oil Prices Surge as US Threatens Iran with Indefinite Blockade and Severe Financial Sanctions
Oil prices rose as the US threatened Iran with an indefinite naval blockade and severe financial sanctions, escalating supply concerns and driving weekly gains.
UAE Investment Firm MGX Co-Leads Massive $5 Billion Funding Round for AI Giant Databricks
UAE-based MGX has co-led a massive $5 billion funding round for AI firm Databricks, helping push the company's valuation to $190 billion.
UAE Condemns Iran Over Attacks on Two ADNOC Vessels in the Strait of Hormuz
The UAE has strongly condemned Iran for attacking two ADNOC vessels in the Strait of Hormuz, labeling the hostile actions as economic coercion and piracy.
How Gaza's Freelancers Find Stability and Employment in Shared Coworking Spaces
Gaza freelancers facing soaring unemployment are increasingly relying on shared coworking spaces equipped with solar power and stable internet to maintain their remote jobs.
UAE Business Owners Praise New Copyright Music Licensing Fees for Supporting the Local Creative Community
Local UAE business owners have welcomed the Ministry of Economy's new copyright music licensing fees, noting that supporting the Cultural Support Fund for Music directly benefits the creative community.
White House Alleges Dozens of Nations Help China Evade US Tariffs in Multi-Billion Dollar Scheme
The US administration has accused over 40 countries of helping China evade tariffs through a massive transshipment network, costing the government billions in annual revenue.
US Administration Prepares Unprecedented Economic Squeeze and Naval Blockade Against Iran
The Trump administration is intensifying financial pressure and maintaining a naval blockade to drive Iran's economy to the limit and force the reopening of the Strait of Hormuz. Treasury and energy officials highlight severe inflation and plunging oil exports as key elements of this economic campaign.
Nvidia Secures $500 Billion to Transform AI Infrastructure into a Global Asset Class
Nvidia has raised a $500 billion private capital pool from major Wall Street financiers to transform artificial intelligence infrastructure into a mainstream, financeable global asset class.
Brazil Initiates Consultations for Retaliatory Actions Following New US Tariffs
Brazil has launched consultations for potential retaliatory measures after the US imposed 25 percent tariffs on various Brazilian exports. President Luiz Inacio Lula da Silva's government plans to use the Reciprocity Law to defend the national economy.
International Salvage Operations Underway for Stricken Oil Tanker Leaking Off Oman
International salvage teams have begun operations to stabilise the leaking oil tanker Caroline Bezengi off the coast of Oman as a rapidly expanding oil spill threatens local marine ecosystems.
AD Ports Group Reports 86% Q2 Profit Surge Driven by Trade Routes Avoiding Strait of Hormuz
AD Ports Group reported an 86 per cent surge in second-quarter net profit, reaching Dh596.7 million, by successfully rerouting trade away from the closed Strait of Hormuz.
Emirates Restarts Partial Bahrain Flights While Kuwait Services Remain Grounded
Emirates has announced a partial resumption of flights between Dubai and Bahrain starting August 15, while its services to Kuwait remain suspended amid ongoing regional airspace disruptions.
Manus on Markets Analyzes the Costliest US Bond Sale Since 2001 Amid Global Financial Turmoil
Manus Cranny explores the costliest US bond sale since 2001 amid widespread global financial flux and international news headlines.
Abu Dhabi's XRG Expands Latin American Footprint with Venezuela Offshore Gas Licence
Abu Dhabi's XRG has entered Venezuela's energy sector after securing an offshore natural gas licence for the Loran field alongside bp and UCC.