Economy
Business and economy news
1124 articles in this section
Trump Announces European Agreement to Release Massive Diesel Reserves
Trump announces that Europe has agreed to release a massive amount of diesel reserves, according to a recent video report.
Iraq Approves 40 Daily Flights for Iranian Airlines to and from Najaf
Iraq has authorized 40 daily flights for Iranian airlines, excluding Mahan Air, to and from Najaf International Airport following a US sanctions exemption.
UAE and Syria Forge Strategic Financial Partnership to Boost Economic Growth
The Central Bank of the UAE and the Central Bank of Syria have signed a preliminary agreement to deepen financial co-operation, supporting Syria's economic recovery and development.
G7 Nations Agree to Release 100 Million Barrels of Strategic Reserves to Stabilise Fuel Markets
G7 nations have agreed to immediately release 100 million barrels of diesel and other strategic reserves through the International Energy Agency to help stabilize soaring global energy markets.
US Job Growth Cools Significantly as Unemployment Rises Ahead of Midterm Elections
US job growth slowed significantly in September as the unemployment rate rose to 4.2 percent, falling short of expectations in the final employment report before the midterm elections.
G7 Pledges Strategic Oil Reserve Release as Trump Welcomes European Diesel Agreement
The G7 has announced a strategic oil and diesel reserve release following soaring energy prices amid the US-Israel conflict with Iran, as US President Donald Trump hailed a new European diesel agreement.
US Pressures Europe to Tap Emergency Diesel Reserves Amid Soaring Fuel Prices and Straining Relations
European Union officials held emergency discussions after the Trump administration pressured European nations to release their strategic diesel stocks to combat soaring fuel prices ahead of the US midterm elections. The mounting pressure has further strained US-EU relations amidst ongoing conflicts in the Middle East and Ukraine.
Etihad Rail Expands Abu Dhabi and Dubai Train Services Following High Demand
Etihad Rail has added extra train services and over 2,000 tickets between Abu Dhabi and Dubai following exceptional early demand for the new passenger route.
Chinese-Owned Jaecoo 7 Surges Past Tesla to Become UK's Most Popular New Vehicle
The Chinese-manufactured Jaecoo 7 has surged past the Tesla Model 3 to become the top-selling new vehicle in the UK amid a broader boom in electrified car registrations.
Egypt Reaches Six-Year High in Foreign Reserves Driven by Surge in Remittances
Egypt's foreign reserves reached a six-year high of $31.2 billion in August 2026, driven by a significant surge in remittances from citizens living abroad.
US Expands Sanctions to Target Iran's Automotive Giants and Railway Operators
The US Treasury has imposed sanctions on Iran's leading car manufacturers and railway operators, shifting its economic pressure campaign from maritime shipping to land-based transport networks.
Alarming Melt: Switzerland Loses Nearly 20 Percent of Its Glacial Ice in Five Years
A new report reveals that Switzerland has lost nearly 20 percent of its glacial ice in just five years, driven by record-high temperatures and low snowfall.
Severe European Drought and Heatwave Cost Agriculture $3.6 Billion
A severe summer heatwave and drought across Europe have caused an estimated $3.6 billion in agricultural losses, heavily impacting grain production and driving up farming costs.
Dubai Launches UAE's First Escrow-Backed Marketplace for Multi-Million Dirham Number Plates
Dubai is introducing the UAE's first escrow-backed online marketplace called Mazal to secure and streamline the multi-million dirham trading of premium vehicle number plates.
Global LNG Giant Warns Qatar Supply Disruptions Will Stretch Into Winter Amid Soaring Prices
The head of Japan's Jera warns that supply disruptions from Qatar will likely persist into the winter, driving up global LNG spot prices and intensifying competition between Europe and Asia.
Trump Administration Considers Asking European Nations to Release Diesel Reserves to Combat Surging Prices
President Donald Trump stated that the US may ask European nations to release diesel reserves to help lower soaring diesel prices resulting from the war on Iran. The proposal follows record-breaking fuel prices in both the US and Europe.
US Imposes Fresh Sanctions on Russian FinTech Firm A7 Over Alleged Iran Evasion Network
The US Treasury Department has imposed new sanctions on the Russian financial company A7, accusing the firm of helping Iran evade international penalties through a complex network of third-party companies.
Dubai Schools Granted Flexibility to Adjust Timings to Combat Traffic Congestion
Dubai schools are now permitted to adjust their daily schedules to reduce traffic congestion, subject to approval from the Knowledge and Human Development Authority and parental support.
Adnoc's XRG Backs Argentina's Ambition to Become a Global LNG Powerhouse
Adnoc's investment arm, XRG, has committed to supporting Argentina's liquefied natural gas industry, expressing strong confidence in the Vaca Muerta shale deposit and President Javier Milei's economic reforms.
IMF to Review Potential Amendments to Lebanon's Bank Resolution Law
The International Monetary Fund will review any potential changes to Lebanon's bank resolution law to ensure compliance with international standards after the legislation was referred to the Constitutional Council.
Dubai Financial Services Authority Fines Vault Wealth Dh401,000 Over Unauthorised Transactions
The Dubai Financial Services Authority has fined wealth management firm Vault Wealth Dh401,000 for conducting unauthorized financial transactions from a DIFC office.
DP World Commits to Major Nigeria Port Projects Under $3B Africa Strategy
DP World has signed preliminary agreements for two major port and economic zone projects in Nigeria as part of its $3 billion investment strategy for Africa.
UAE Capital Market Authority Transforms into a Market Engineer to Drive Economic Growth
The UAE’s Capital Market Authority has evolved from a traditional market watchdog into a strategic 'market engineer,' collaborating with regulators in Abu Dhabi and Dubai to drive national economic diversification and global competitiveness.
Abu Dhabi Announces 2027 Completion for First Phase of Dh2.8bn Mid-Island Parkway
The first phase of Abu Dhabi's Dh2.85 billion Mid-Island Parkway is set to be completed in 2027, drastically cutting travel times between major islands.