Economy and trade

Saudi Air Force advanced F-15SA fighter jets perform during a ceremony in Riyadh on Jan. 25, 2017.

Analysis

2025: Why Gulf defense megadeals finally met reality

From fighter jet debates to drones and megadeals, Gulf defense planners are shifting from political signaling to tangible results.

Francesco Schiavi

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

A picture taken from a station of Dubai's Palm Monorail shows traffic on a road in Palm Jumeirah on Aug. 28, 2025.

Feature

Cheap oil, tighter finances, wars constrained Mid East economies in 2025

Low oil prices, tighter financial conditions and elevated geopolitical risk hampered growth across much of the Middle East and North Africa this year.

In Bristol, reporting on regional business, climate change, AI, tech

View of Damietta Segas LNG Terminal, in Damietta, Egypt, which is an export terminal belong to Spanish Egyptian Gas Company.

Analysis

Egypt’s $35B Israel gas deal buys time, tests fragile energy partnership

The agreement is a critical stopgap as Cairo grapples with domestic power demands, but the last two years have tested Egypt-Israel energy cooperation in unprecedented ways.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Central Bank of the Islamic Republic of Iran Iranian 100 rial banknotes.

Analysis

Iran currency plunges to historic low amid factional blame game

As Iran's judiciary publicly rebukes the central bank over the rial's collapse, the currency crisis is no longer economic and is fast becoming a test of political accountability and regime stability.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Latest News

Yemeni ministries declare support for STC campaign as Gulf tensions flare

Saleh Al-OBEIDI / AFP via Getty Images

Analysis

Gulf finance hubs race to expand as hedge funds flock to Dubai, Abu Dhabi

Traffic moves on Sheikh Zayed Road in Dubai on March 24, 2025.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Maersk resumes Red Sea passage after two-year halt amid easing Houthi threat

A ship sails along Egypt's Suez Canal near Ismailia, April 16, 2025.

Analysis

How Netanyahu ceded to Trump, agreed to Egypt's $35B gas deal

SHARM EL-SHEIKH, EGYPT - OCTOBER 13: U.S. President Donald Trump and President of Egypt Abdel Fattah El-Sisi clasp hands as they speak to the press before their meeting on October 13, 2025 in Sharm El-Sheikh, Egypt. President Trump is in Egypt to meet with European and Middle Eastern leaders in what’s being billed as an international peace summit, following the start of a US-brokered ceasefire deal to end the war in the Gaza Strip. (Photo by Chip Somodevilla/Getty Images)

In Tel Aviv, reporting on national security, Israeli politics, defense

An employee wearing a face mask against the coronavirus, is pictured at the port of Jebel Ali, operated by the Dubai-based giant ports operator DP World, in the southern outskirts of the Gulf emirate of Dubai, on June 18, 2020.

UAE’s DP World to invest $5B in India's infrastructure: What to know

The Dubai-headquartered logistics firm has already invested $3 billion into the South Asian nation over three decades.

United Arab Emirates

FAYEZ NURELDINE/AFP via Getty Images

Billion-dollar AI, clean energy deals headline Saudi 'Davos in the Desert'

Humain, an AI firm backed by the Saudi sovereign wealth fund, the PIF, signed a $3 billion deal with AirTrunk, a company backed by US asset manager Blackstone, to build a data center campus in the kingdom.

Shark Tank Lebanon

Culture

'Shark Tank Lebanon' debuts, offering entrepreneurs hope amid economic turmoil

A Lebanese version of the popular US reality TV show "Shark Tank" hit the airwaves in Lebanon, where unemployment rates have reached record highs in the past years due to a protracted economic and financial crisis and the Israel-Hezbollah war.

AAMIR QURESHI/AFP via Getty Images

Iran to host Pakistani interior minister as border security, trade talks advance

Iran is finessing its relations with Pakistan, seeking to bolster border security and increase trade in response to sanctions.

Egyptian President Abdel Fattah al-Sisi, European Council President Antonio Costa and European Commission President Ursula von der Leyen pose for pictures before the signature of joint statements and agreements during the EU-Egypt summit in Brussels, on Oct. 22, 2025.

Analysis

EU-Egypt summit unlocks over $4B for Cairo as investments beckon

The landmark summit came 19 months after the EU and Egypt signed a 7.4 billion euro ($8.6 billion) strategic and comprehensive partnership aimed at stabilizing the North African nation’s economy and curbing irregular migration to Europe.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Picture of ore as mineral cassiterite (SnO2).

US, UAE strike $1.8B critical mineral venture amid China tensions and Gulf rivalry

United Arab Emirates

Iran's Deputy Defense Minister Majid Ebnoreza (L) sits next to Andrei Matsiyevich.

Grappling with Western sanctions, Iran, Belarus strengthen military ties

Defense-related cooperation between Iran and Belarus has accelerated considerably in recent years, particularly after Belarusian President Alexander Lukashenko’s trip to Tehran in 2023.

This picture taken on February 6, 2023 shows a view of Tibbin dual fuel (natural gas and fuel oil) powerplant and Helwan Steelworks, in the Helwan suburb south of Egypt's capital. (Photo by Amir MAKAR / AFP) (Photo by AMIR MAKAR/AFP via Getty Images)

Egypt discovers 18 oil, gas wells as Cairo looks to up energy output

The discoveries support the government's ambition to increase Egypt's domestic energy supply.

Tamim bin Hamad Al Thani

Turkey, Qatar sign defense deal as Ankara eyes Doha’s Eurofighters

The Turkish president’s visit to Qatar during his Gulf tour largely centered on defense ties and Qatar’s little-used Eurofighters, as Ankara moves to quickly rebuild its air power.

A ship sails along Egypt's Suez Canal near Ismailia, on April 16, 2025.

China deepens textile investments in Egypt's Suez Canal Zone

The agreements will establish new textiles factories covering 238,000 square meters, which are expected to create more than 3,000 direct job opportunities.

Syrian Finance Minister Mohammed Yasser Barniyeh

Syria finance chief meets US, World Bank officials as Trump admin pushes more sanction relief

Less than two weeks ago, the US Senate approved a measure to repeal the 2019 Caesar Syria Civilian Protection Act sanctions on Syria as part of its 2026 defense budget.

Aerial view of wind turbines and solar panel farm in Kayseri, Turkey.

Analysis

Turkey's Gulf energy drive gains momentum with $1B Masdar deal

As part of a goal to quadruple wind and solar capacity by 2035, Turkey is hoping to seal major deals with Masdar and ACWA Power to overcome recent dealmaking headwinds.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech