Economy
Business and economy news
1126 articles in this section
French Court Approves Middle East Firm's Seizure of Libya Oil Assets Over $1B Debt
A Paris court has ruled that Kuwait's Al-Kharafi Group can seize assets from Libya's National Oil Corporation to recover nearly $1 billion following a cancelled resort project from the Muammar Qaddafi era.
Egypt's Food Industry Exports Surge to $6.9 Billion in 2025, Report Shows
A report by the Egyptian Cabinet’s Information and Decision Support Center reveals that Egypt's food industry exports reached US$6.9 billion in 2025, driven by infrastructure expansions and strong sector growth.
Aldar Pulls in Over Dh5 Billion from New Housing Projects on Saadiyat and Yas Islands
Aldar Properties generated over Dh5 billion in sales from two new residential developments in Saadiyat and Yas islands, driven by strong local and international demand.
Manila Public Transport Drivers Strike Amid Spiralling Fuel Costs
Public transport drivers in Manila have gone on strike in response to escalating fuel prices, as captured in a recent news video.
Thousands of Filipino Drivers Launch Strike in Manila Over Soaring Fuel Prices
Thousands of public transport drivers in Manila have launched a strike over soaring fuel prices, prompting the government to deploy police and buses to assist stranded commuters amidst the ongoing economic strain.
US Bond Yields Surge to 18-Year High: Is Now the Right Time to Invest?
US bond yields have reached an 18-year high, prompting questions for investors amid global financial market volatility covered by Manus Cranny.
Suspected Sabotage Triggers Massive Fire on Syria Gas Pipeline
An explosion caused by suspected sabotage sparked a major fire on a gas pipeline in Syria's Deir Ezzor province, halting crucial gas flows to power stations.
Reserve Bank of Australia Increases Interest Rates to 15-Year High Amid Persistent Inflation Pressures
The Reserve Bank of Australia has raised its benchmark interest rate to 4.6 percent, reaching a 15-year high due to persistent inflation and global economic pressures.
Pioneering Flexibility: How the UAE is Transforming Modern Work-Life Balance
A recent study in the UAE reveals that while a shorter working week boosts motivation and balance, success ultimately depends on redesigning work structures rather than simply compressing hours.
Gold Plummets to Seven-Week Low Amid Surging Oil Prices and Stronger US Dollar
Gold prices hit a seven-week low, falling 3.3 percent as surging oil prices, a stronger US dollar, and rising Treasury yields reduced the metal's appeal.
Iran Claims Success in Strait of Hormuz Attacks as Oil Flow Recovers Despite US Blockade
Iran asserts that its attacks on vessels near the Strait of Hormuz have pushed US warships back, even as regional oil shipments begin to recover through shuttle systems.
Syria Faces $1 Billion Budget Deficit and Considers Halting Major Investment Projects
Syria is weighing the delay of key investment projects and implementing spending cuts to address a $1 billion budget deficit driven by rising costs from regional conflicts.
ARTIC Unveils Newly Transformed Crowne Plaza Manhattan Times Square in New York
ARTIC has officially opened the transformed Crowne Plaza Manhattan Times Square in New York City, marking a significant milestone in the Qatari company's growing US hospitality portfolio.
UAE to Lead Regional Push Against Cross-Border Fraud and Money Laundering
The UAE is set to propose a regional initiative during its 2026 presidency of the Middle East and North Africa Financial Action Task Force to tackle cross-border fraud and money laundering.
UAE Leaders Test New Etihad Rail Route Ahead of Official Dubai Station Launch
President Sheikh Mohamed and Sheikh Hamdan bin Mohammed inaugurated the new Al Yalayis Station in Dubai, marking a major milestone for the national Etihad Rail network ahead of its Wednesday opening.
Arab Monetary Fund Celebrates 50 Years with $11.8bn in Member Financing in Abu Dhabi
The Arab Monetary Fund marked its 50th anniversary in Abu Dhabi with $11.8 billion in financing provided to member states over five decades, as regional leaders gathered for the Golden Jubilee celebration.
UAE's Badr Jafar Receives Prestigious Changemakers Award at UN General Assembly
Badr Jafar, the UAE's Special Envoy for Business and Philanthropy, received the Changemakers Award at the 81st Session of the UN General Assembly for his decades of work bridging the public and private sectors.
Asian Infrastructure Investment Bank Kicks Off Doha Annual Meeting With Ambitious 2030 Financing Goals
The Asian Infrastructure Investment Bank launched its 11th Annual Meeting in Doha, revealing plans to double its annual financing to $20 billion by 2030.
Airtel Money Eyeing Middle East Partnerships and Future UAE Dual Listing After London IPO
Airtel Money's chief executive Ian Ferrao discusses upcoming plans for a London Stock Exchange IPO, potential future UAE dual listings, and future Middle East technology partnerships.
Egypt Rolls Out Public Operations for the Second Phase of the Greater Cairo BRT Project
The Egyptian Transport Ministry has launched public operations for the second phase of the BRT project, extending Greater Cairo's modern electric transit network from Ain Sokhna Road to Sun Capital.
Qatar Prolongs LNG Force Majeure Amid Strait of Hormuz Disruptions Threatening Winter Supplies
Qatar has extended LNG shipment cancellations by another month as disruptions in the Strait of Hormuz threaten winter energy supplies in Europe and Asia.
JD.com's Jingdong Property to Build Major Logistics Hub in Abu Dhabi's Kezad Creating 1,000 Jobs
Jingdong Property is set to build a 150,000-square-metre logistics and warehousing complex in Abu Dhabi’s Kezad, creating around 1,000 direct jobs by 2028.
Keeta Celebrates Rapid Nationwide Growth and Community Impact on First Anniversary in the UAE
Keeta celebrates its first anniversary in the UAE, marking rapid nationwide expansion, strong merchant partnerships, enhanced rider wellbeing initiatives, and deep community engagement across all seven emirates.
Global Oil Prices Spike as President Donald Trump Rejects Iran's Proposal to Open Strait of Hormuz
Oil prices jumped past $107 a barrel after US President Donald Trump rejected an Iranian proposal to reopen the critical Strait of Hormuz. The ongoing conflict continues to disrupt global markets and commercial shipping in the region.