Economy
Business and economy news
1121 articles in this section
Dubai's Parkin Reports 14% Revenue Surge in Q2 2026 Despite Geopolitical Headwinds
Dubai's parking operator Parkin reported a 14 per cent increase in second-quarter revenue to Dh364.1 million for 2026, driven by expansion and seasonal cards despite a drop in public parking transactions.
Parkin Reports 14% Revenue Growth in Q2 2026 Despite Geopolitical Pressures and Lower Public Transactions
Dubai parking operator Parkin reported a 14 per cent increase in revenue to Dh364.1 million for the second quarter of 2026, driven by growth in seasonal cards, enforcement, and developer parking despite geopolitical challenges.
Tragic Explosion at Rotterdam Port Energy Facility Leaves One Dead and Several Injured
A fatal explosion during maintenance at a petroleum storage facility in Europe's largest port, Rotterdam, has left one person dead and several wounded.
How a Community Rallied to Save Dubai's Iconic Camel Soap Factory
When a sharp drop in tourism threatened Dubai's The Camel Soap Factory, a community-driven campaign called Save Our Soap rallied local residents and businesses to keep the home-grown enterprise afloat.
Hezbollah Struggles to Pay War Compensation Amid Dwindling Iranian Funding and Strict Airport Crackdowns
Residents in Lebanon report that Hezbollah is failing to pay compensation for homes destroyed in the recent conflict, highlighting severe strain from dwindling Iranian funds and tightened airport security.
Severe Drought Forces Shutdown of Romania’s Sole Nuclear Plant as Danube Levels Plummet
Romania has completely suspended operations at its Cernavoda nuclear plant due to historic low water levels in the Danube River caused by a severe European drought. Meanwhile, neighbouring Hungary is taking emergency measures to protect its own nuclear facility as shipping and power generation face mounting disruptions.
Understanding the UK's Cost of Living Crisis Through Five Key Charts
Rising energy and fuel costs, driven by conflict in the Middle East, are exacerbating the cost of living crisis and putting pressure on household budgets across the UK.
US Production Debated as Tariffs Questioned in Recent Video Report
This article and video report examine whether tariffs are an effective tool for boosting domestic production in the United States.
Qatari Diar Launches First Phase of Massive $29.7 Billion Alam Al-Roum Project in Egypt
Qatari Diar has launched the first phase of the $29.7 billion Alam Al-Roum project on Egypt's North Coast, aiming to create a fully integrated, year-round city in Matrouh Governorate.
Russia Expands Direct Flight Routes to Egypt with New Services to Alexandria and Al Alamein
Russia's Federal Air Transport Agency has authorized direct flights to Borg El Arab and Al Alamein international airports, opening Egypt's Mediterranean coast to Russian tourists.
Egypt's Foreign Reserves Surpass $50 Billion Amid Historic Stock Market Surge
Egypt's foreign exchange reserves have exceeded $50 billion as the Egyptian Exchange (EGX) experiences historic trading volumes and renewed investor confidence.
Manus Cranny on Global Markets: Record Highs or Warning Signs for Investors?
Manus Cranny explores global financial turbulence, examining whether current market highs are record achievements or warning signs for investors alongside worldwide news.
Dubai's du Set to Expand Global Investor Base with September MSCI Index Inclusion
Emirates Integrated Telecommunication Company (du) is scheduled to join the MSCI UAE Standard Index, boosting its global institutional investor base and market liquidity.
Dubai to Launch New Two-Lane Bridge to Ease Trade Centre Traffic Congestion
Dubai's Roads and Transport Authority is set to open a new 500-meter, two-lane bridge on Friday to dramatically reduce traffic congestion around the Dubai World Trade Centre.
President Abdel Fattah al-Sisi Directs Expansion of Local Manufacturing for Black Sand and Rare Earth Elements in Egypt
President Abdel Fattah al-Sisi called for boosted local manufacturing of black sand, fertilizers, and rare earth elements during a strategic meeting on renewable energy development in New Alamein.
Egypt and Venezuela Explore Enhanced Air Connectivity and Tourism Cooperation
Egypt and Venezuela are working to strengthen air connectivity and boost tourism cooperation through a proposed air transport agreement.
Egypt Urges Reforms for a Global Financial System Tailored to Emerging Economies
Egyptian Finance Minister Ahmed Kouchouk called for a restructured global financial system and greater multilateral support for emerging economies during a BRICS meeting in India.