Economy
Business and economy news
1126 articles in this section
Singapore's Temasek Expands Into the Middle East With New Offices in the UAE and Saudi Arabia
Singapore's Temasek Holdings plans to open strategic offices in Abu Dhabi and Riyadh by 2027 to tap into the resilient Middle Eastern investment market.
Emirates Global Aluminium and Gulftainer Partner to Expand UAE East Coast Exports
Emirates Global Aluminium has partnered with Gulftainer in a major agreement to increase aluminium exports through the UAE's East Coast, enhancing supply chain resilience and bypassing potential disruptions in the Strait of Hormuz.
Strait of Hormuz Oil Flows Resume Despite Conflict, but Experts Question Long-Term Viability
Despite US military escorts and innovative supply routes helping restore oil flows through the Strait of Hormuz, analysts warn that dwindling global inventories and rising attacks make the current status quo unsustainable.
Aldar and Arada Forge Dh15bn Partnership to Launch Major Developments in Abu Dhabi
Aldar and Arada have formed a Dh15 billion partnership to develop a major mixed-use community at Seih Sdeirah and residential plots on Yas Island in Abu Dhabi.
UAE Fuel Prices Surge by Up to 16% in October Amid Continued Global Oil Market Pressures
UAE petrol prices will rise for the third consecutive month in October, driven by elevated global oil markets and ongoing geopolitical tensions. Consumers will see increases of up to 16.6 per cent across various fuel grades.
Tens of Thousands of French Public Workers Strike Over Pay Cuts as Student Protests Turn Violent
Tens of thousands of civil servants marched across France to protest pay freezes and budget cuts, while separate student demonstrations over school conditions resulted in clashes and hundreds of detentions.
Why the Global Humanitarian System Must Look Beyond Emergency Aid
With traditional aid budgets declining amid protracted global conflicts, experts argue that emergency assistance must be complemented by strategic private investment and philanthropy.
US Consumer Confidence Drops to Lowest Level Since 2014 Amid Rising Prices Ahead of Midterm Elections
US consumer confidence has fallen to its lowest level since 2014 as rising prices for goods and services weigh on sentiment ahead of the congressional midterm elections.
US Implements $1bn Import Ban on Canadian Goods Amid Escalating Trade Tensions under President Donald Trump
The United States has enforced a ban on nearly $1bn of Canadian imports in retaliation for Canadian tariffs, further escalating trade tensions between Washington DC and Ottawa.
Madrid Residents Grapple with Spain's Escalating Housing Crisis
Locals in Madrid are feeling the heavy impacts of Spain's ongoing housing crisis, as captured in a recent video report.
US Releases Final Batch of Emergency Oil Reserve to Combat Surging Fuel Prices
The US announced the release of up to 40 million barrels of crude oil from its emergency stockpile to combat surging fuel prices resulting from the Iran war.
UAE and Egypt Renew Dh5 Billion Currency Swap Deal to Boost Bilateral Trade
The UAE and Egypt have renewed their Dh5 billion currency swap agreement for another five years to enhance trade relations, financial co-operation, and economic stability.
US Steel Megaplant Backed by Indian Conglomerate With Deep Russian Ties Highlights Sanctions Loophole
A $15bn US steel megaplant announced by President Donald Trump is being built by an Indian firm with deep historical ties to Russian energy investments, highlighting ongoing complexities in international economic sanctions.
Will China or the West Shape the Course of the 21st Century?
A deep-dive video discussion explores the global power struggle to determine whether China or the West will define the 21st century.
Abu Dhabi Accelerates Dh240 Billion Vision to Become a 15-Minute City
Abu Dhabi is investing Dh240 billion over the next decade into infrastructure and smart-city plans to transform the capital into a 15-minute city.
Iraqi Airways to Restart Iran Flights After Receiving US Waiver
Iraqi Airways plans to resume flights to Iran in October after securing a US sanctions waiver for routes between Najaf International Airport and Iranian airports, following a brief suspension caused by pressure from Washington.
Emirates Confronts Negative Headlines and Travel Disruption in Candid New Dubai Ad Campaign
Emirates has launched a candid new video campaign addressing recent travel disruptions and negative headlines about Dubai, while highlighting the airline's upgraded passenger services and insurance offerings.
Iranians Rush to Secure Food and Medicine Amid Heightened Fears of Escalated Conflict with the US
Iranians are rapidly stocking up on food and vital medicines as escalating tensions and a tightening US embargo spark severe fears of shortages. Citizens and local merchants express growing anxiety over rising prices, blocked trade routes, and pharmaceutical scarcities as the conflict enters its eighth month.
Abu Dhabi Focuses on District-Level Liveability and Global Collaboration at LIVEX 2026
Abu Dhabi is hosting LIVEX 2026 to showcase its district-level, data-informed approach to urban liveability and urban planning. The event brings together global experts, investors, and government leaders to discuss sustainable city growth.
Saudi Arabia Redirects Oil Through Strait of Hormuz as Red Sea Traffic Plummets Amid Regional Conflict
Saudi Arabia has increased oil shipments through the Strait of Hormuz to offset declining traffic in the Red Sea caused by Houthi attacks and pipeline disruptions. Overall regional oil flows remain significantly below pre-war levels amid ongoing geopolitical tensions.
Syria Faces Its Toughest Economic Test Yet Amid Rising Public Protests and Reconstruction Pressures
Syria is experiencing widespread protests over surging fuel prices and economic hardships as the transitional government struggles to bridge the gap between international investments and everyday living standards.
Etihad Rail Targets 10 Million Annual Passengers as Dubai Station Prepares to Launch
Etihad Rail aims to attract 10 million passengers a year as its network expands, following a strong start on the Abu Dhabi-Fujairah route and the upcoming launch of Dubai's first station.
Egyptian Irrigation Minister Hani Sewilam Arrives in Rome for the 2026 Euro-Mediterranean Water Forum
Egyptian Minister of Water Resources and Irrigation Hani Sewilam has arrived in Rome for the 2026 Euro-Mediterranean Water Forum to discuss water security and regional cooperation.
Egypt and Saudi Arabia Forge Stronger Ties in Mining Training and Expertise
Egyptian and Saudi officials met at the Egypt Mining Forum 2026 to discuss enhanced cooperation in training, geological exploration, and the exchange of mining expertise.