Economy
Business and economy news
1126 articles in this section
International Advertising Authority Establishes Qatar Chapter to Boost Regional Creativity and Communications
The International Advertising Association has launched its new Qatar Chapter during IAA UNITE in London to strengthen the nation's status as a regional hub for creativity and communications.
Prime Minister Mostafa Madbouly Reviews Fertilizer Supplies and Distribution for Farmers
Prime Minister Mostafa Madbouly held a high-level meeting with key ministers to review strategies for securing agricultural fertilizer supplies and tightening distribution oversight for farmers.
Egypt Outlines Strategy to Build Human Capital and Power Transport Sector Expansion
The Ministry of Transport has unveiled a strategic vision to develop specialized human resources and establish the Egyptian International University for Transport Engineering and Technology to support the country's expanding infrastructure.
Iranian Oil Minister Mohsen Paknejad Resigns Amid Fuel Shortages and Export Pressures
Iranian Oil Minister Mohsen Paknejad has resigned amid mounting fuel shortages and severe export pressures, with Hamid Bovard stepping in as acting minister. President Masoud Pezeshkian accepted the resignation following infrastructure and supply challenges.
UAE and Saudi Arabia Non-Oil Sectors Power Through Regional Conflict with Robust Growth
The non-oil private sectors in the UAE and Saudi Arabia continued their strong expansion in September, successfully overcoming the economic impacts of the regional conflict.
Why Locally Manufactured Mobile Phones Are Facing New Price Hikes in Egypt
Locally manufactured mobile phones in Egypt are seeing price increases driven by rising global costs for imported components like RAM and ROM.
Egypt's Ministry of Petroleum Debunks False Reports on Gasoline Price Adjustments
Egypt's Ministry of Petroleum and Mineral Resources has dismissed rumors of a hike in gasoline prices, confirming that current rates remain unchanged and no official decisions have been made.
Middle East Crude Exports Rebound Past Pre-War Levels Despite Ongoing Regional Tensions
Provisional data shows Middle East crude exports exceeded pre-war levels on multiple days in late September, even as regional tensions and shipping disruptions persist.
Saudi Aramco Cuts Asian Crude Prices to Six-Year Low Amid Rebounding Oil Flows
Saudi Aramco has reduced its Arab Light crude prices for Asian buyers to a six-year low, offering a $5-per-barrel discount for November to boost sales as Middle East oil shipments recover.
Singapore Launches State-Backed Dating App to Combat Record-Low Birthrates
Singapore has introduced a government-backed dating app called FirstDate for public servants, utilizing a Nobel-winning algorithm in a new bid to tackle the nation's record-low birthrate.
US Energy Secretary Chris Wright Refuses to Rule Out Further Military Action Against Iran Amid Rising Energy Pressures
Energy Secretary Chris Wright stated that the Trump administration is maintaining both diplomatic and military options regarding Iran, while declining to rule out further regional escalation and addressing global energy market strains.
Egypt Sticking to Diplomacy in Nile Dam Dispute, PM Mostafa Madbouly Says
Egyptian Prime Minister Mostafa Madbouly stated that Egypt remains committed to a diplomatic solution regarding the Nile dam dispute with Ethiopia, while also defending the nation's infrastructure investments and economic growth.
Dubai CommerCity Launches Dh1.8 Billion Expansion to Accelerate Digital Economy Growth
Dubai CommerCity is launching a Dh1.8 billion expansion programme to grow its digital commerce ecosystem and support the Dubai Economic Agenda, D33.
Opec+ Maintains Oil Production Targets for November Amid Ongoing Market Review
Opec+ has kept its oil production targets unchanged for November, extending a pause after months of gradual increases while core members review market conditions.
Egypt and Tanzania Explore Expanded Bilateral Investment and Infrastructure Cooperation at Alamein-Africa Business Forum
Prime Minister Mostafa Madbouly met with Tanzanian Vice President Dewa Mwakasege Ndejembi at the Alamein-Africa Business Forum to discuss expanding economic, infrastructure, and healthcare cooperation.
Egypt Faces Inevitable 10-15% Hike in Gasoline and Diesel Prices, Official Warns
A senior official at the Federation of Egyptian Chambers of Commerce predicts an inevitable 10 to 15 percent increase in Egypt's gasoline and diesel prices due to rising global oil costs.
US Investors Rush to Enter Syria as Transitional Government Drives Pro-Business Reforms
US investors are moving quickly to enter Syria as the transitional government enacts pro-business reforms and re-establishes ties with the international financial system following the lifting of US sanctions.
Escalating Conflict: Houthis Target Saudi Energy Facility as Yemen Fighting Intensifies
Yemen's Houthi rebels claim a missile and drone attack on a Saudi Aramco facility in Riyadh as fighting between the group and the Saudi-led coalition intensifies following the collapse of a 2022 truce.
Fleeing Xenophobia in South Africa, Displaced Zimbabweans Face Hardships Upon Returning Home
Thousands of Zimbabweans fleeing anti-immigrant hostility and deadlines in South Africa are struggling to rebuild their lives and livelihoods back home amid economic hardship and scarce support.
Housing Crisis Sparks Mass Protests Across Spain Following Parliamentary Rejection of Emergency Relief
Tens of thousands of demonstrators took to the streets across Spain to demand affordable housing reforms after parliament rejected an emergency relief package proposed by Prime Minister Pedro Sanchez's government.
G7 Agrees to Release 100 Million Barrels of Emergency Oil and Diesel Reserves to Combat Surging Prices
The G7 has agreed to release 100 million barrels of emergency oil and diesel reserves to combat soaring global energy prices driven by ongoing conflicts. Leaders hope the coordinated release will stabilize the market, though experts debate its long-term impact on fundamental supply shortages.
Experts Call for Gulf Ecological Union Following Severe Environmental Damage Caused by Iran War
A new study reveals unprecedented ecological damage across the Gulf region due to the Iran war, prompting experts to urge the formation of an environmental union for restoration efforts.
Dubai Property Dilemmas: EV Chargers in Rented Villas and Lost Off-Plan Views
Dubai property experts address common tenant and buyer dilemmas, exploring who pays for villa EV charger installations and whether off-plan buyers are protected when promised views change.
Prime Minister Mark Carney's Economic Overhaul Sparks Fierce Resistance from Canada's Labour Unions
Prime Minister Mark Carney's new economic legislation, Bill C-39, has ignited a fierce backlash from Canadian labour unions over proposed limits on the right to strike amid ongoing trade tensions with the United States.