Economy and trade

French President Emmanuel Macron (L) and Oman's Sultan Haitham bin Tarik pose during a meeting with business leaders in Paris on June 29, 2026.

Oman's sultan meets Macron in first France visit since 1989: What to know

French President Emmanuel Macron has been pushing against any form of toll for the Strait of Hormuz.

AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend.

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Analysis

Why the Hormuz oil shock never became an energy catastrophe

The US-Israel-Iran war produced a historic oil supply shock but not a severe global economic crisis, due to ample prewar supplies, China's energy pivot and strategic reserve releases.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Oil falls below $74 as Hormuz traffic recovers after Iran war

Elke Scholiers/Getty Images

Explainer

Lebanon advances controversial $500K golden visa law: What to know

A picture shows the four seasons hotel in Beirut with the snow covered mountain of Sannine in the background on March 8, 2019.

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Interview

US-Egypt fund makes case for economic statecraft in hard power era

A worker counts banknotes after filling up the tank of a vehicle at a petrol station in Giza on March 10, 2026.

Cornelius Queen

Cornelius Queen

Senior Vice President of the Egyptian-American Enterprise Fund

Baghdad defends advantages of Iraq-Jordan agreement from critics

Iraq's recent agreement to exchange Iraqi discounted oil with imported goods from Jordan free of customs fees has stirred the outrage of Iraqis.

Can bitcoins save Hamas from its financial crisis?

The armed wing of Hamas in the Gaza Strip announced that it has started accepting donations in bitcoin in a new attempt to overcome its financial crises.

Why Abbas risks an economic collapse of the PA

Prime Minister Benjamin Netanyahu promised to soon implement the law on deducting terrorists’ salaries, yet Palestinian President Mahmoud Abbas knows that on the day he stops payments, the Palestinians themselves will bring him down.

Increase in Egyptian pound's value surprises Cairo currency traders

A recent strengthening of the Egyptian pound against the US dollar is likely to be followed by a weakening of the pound in the coming months, experts say.

Iranian Foreign Minister Mohammad Javad Zarif shakes hands with his Iraqi counterpart Mohamed Ali Alhakim, in Baghdad, Iraq January 13, 2019. REUTERS/Khalid Al-Mousily - RC1447E53E80

How US sanctions could be boosting Iran's presence in Iraq

Reimposed US sanctions have encouraged an active Iranian geo-economic agenda in neighboring Iraq, a profitable market where Tehran can ease the pressure coming from Washington.

Abbas seeks to free Palestinian economy from Israel

Palestinians are determined to revisit the Paris Protocol on Economic Relations, which they have said deepens their subordination to Israel.

Middle class, entrepreneurs key to Egypt's economic recovery

The Egyptian government is implementing programs to help curb poverty and meet the needs of low- and middle-income citizens, but analysts believe more should be done.

China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen in Dalian, Liaoning province, China January 22, 2019. Picture taken January 22, 2019. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT. - RC1E5339B6F0

China’s emerging role in Iran’s petroleum sector

Despite the stumbling blocks, China’s strategic goal of securing energy resources for its future demands and Iran’s need for foreign investment will continue to pave the way for a greater Chinese role in the Iranian energy sector.

Forgotten artisans of Beirut seek revival

Beirut’s Armenian district, previously a vibrant center of craftsmanship and culture in the country, is going through a decline due to a lack of government planning, with only a few artisans escaping the downturn.

How Iran can use rupees to build strategic trade with India

Iran and India’s signing of an agreement for how Iranian oil export proceeds can be used could turn into a blessing in disguise for the Islamic Republic.

Has Cairo book fair lost its luster at 50?

The Cairo International Book Fair's 50th edition opens amid controversy over its new location and visitor numbers, with some booksellers boycotting the fair.

A man counts stacks of Iranian rials at a currency exchange shop in Kerbala , 110 km (70 miles) south of Baghdad January 23, 2013. Traders and owners of hotels in the holy city of Kerbala complain of sluggish business and a drop in Iranian pilgrims as a result of a sharp fall in the Iranian rial caused by a package of international sanctions imposed on the neighbouring country. REUTERS/Mushtaq Muhammed (IRAQ - Tags: SOCIETY BUSINESS) - GM1E91N1RPN01

Why Rouhani should think beyond price controls to contain inflation

In Iran, the Rouhani administration’s tendency to turn to price controls to stave off inflation carries major long-term costs in exchange for only short-term benefits.