Economy and trade

Venezuela

Qatar PM arrives in Venezuela on first trip since Maduro’s ouster: What to know

Qatar is moving to shore up ties with Venezuela as the US seeks greater control over the South American country’s oil revenues.

An Egyptian vendor fills dates for a customer at a market in Cairo's central Sayyida Zeinab district on Feb. 12, 2026, as Muslims prepare for the holy fasting month of Ramadan, which begins early next week.

Analysis

Egyptians in for another expensive Ramadan despite recovering economy

Egyptians tend to spend more during the Islamic holy month relative to the rest of the year, but high inflation and low wages have reduced their purchasing power.

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

Several trucks carrying humanitarian aid cross the border between Armenia and Turkey at the village of Margara, Armenia, on March 21, 2025.

Exclusive

Direct Turkey-Armenia land trade to begin amid US-led Caucasus peace push

New transit arrangement via Georgia cuts re-export costs, marking accelerating normalization between Ankara and Yerevan amid broader US-led peace efforts.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

Fahad

Meet Fahad Al-Saif, PIF exec and Saudi Arabia's new investment minister

Saif previously led investment strategy at the kingdom's sovereign wealth fund and has held senior roles at the Saudi Awwal Bank and HSBC Saudi Arabia.

Latest News

Analysis

Why Algeria's nixing of UAE air deal is more diplomatic than economic

Algeria's President Abdelmadjid Tebboune (L) speaks with UAE President Sheikh Mohamed bin Zayed during the G7 Summit hosted by Italy, in Savelletri, on June 14, 2024.

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

Crypto crash collides with UAE’s big bet on digital assets

Participants visit the Token 2049 crypto conference in Dubai on May 1, 2025.

United Arab Emirates

Merz courts Gulf as Germany seeks energy alternatives to US, China

Merz

Gulf markets recover after gold rout, buoyed by Iran de-escalation hopes

A woman checks a window shop at a jewelry store in Dubai, on March 10, 2025.

United Arab Emirates

Turkish President Recep Tayyip Erdogan (L) and Uzbekistan President Shavkat Mirziyoyev review the honour guard during a welcoming ceremony at the Presidential Complex in Ankara, Turkey on Feb. 19, 2020.

Analysis

Why Uzbekistan is increasingly looking to Turkey, Saudi Arabia for investment

Tashkent is trying to diversify energy sources and bring in fresh foreign investment, turning to both Turkey and Saudi Arabia to accomplish this.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Brazil's Minister of Mines and Energy Alexandre Silveira de Oliveira speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024.

Saudi Arabia holds investment summit in Brazil, plans to invest $15B

Brazil’s energy minister said Saudi Arabia plans to invest $15 billion in the South American country, bolstering already strong economic relations based largely on mining, meat and oil.

Giorgia Meloni was received at the presidential palace in Abu Dhabi by UAE President Sheikh Mohamed bin Zayed Al-Nahyan. (WAM)

UAE, Saudi leaders expected at Italy's G7 summit as Meloni boosts Gulf ties

Italy is seeking Saudi investments and closer gas ties with the UAE, all while it focuses on migration and energy-related interests in North Africa.

An Egyptian man drives a tuk-tuk (motorised rickshaw) in the al-Khalifa district of Egypt's capital Cairo on January 11, 2023. - With Egypt's economy in crisis, the currency in freefall and inflation skyrocketing, the poor have been hit hard but the middle class is also teetering on the brink. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Egypt's year-on-year inflation drops below 30% in first since January

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt’s inflation rate has maintained its downturn for the fourth consecutive month, dropping to 28.15% in May from 32.54% in April.

YASSER AL-ZAYYAT/AFP via Getty Images

Invest Qatar sees big role for logistics sector, World Cup spurred investments

The Gulf country ranks seventh globally in logistics competence in Agility's Emerging Markets Logistics Index as the Qatar Free Zones Authority brings in top companies in the sector.

FAYEZ NURELDINE/AFP via Getty Images

Qatar National Bank says GCC banks have more liquidity than global rivals

An executive at the Qatari lender said that Gulf countries will have to compete with the rest of the world for billions of dollars in equity to finance infrastructure projects, of which there is a higher demand than supply.

Saudi Arabia's Crown Prince Mohammed bin Salman (L) is escorted by Japanese Prime Minister Shinzo Abe, who was killed on July 8, 2022, during their meeting in Osaka, Japan, June 30, 2019.

Culture

Despite postponement of MBS' visit, Saudi-Japanese ties on upswing

The increase in high-level visits and overall mutual visits has been the most notable aspect of the development of Saudi-Japanese relations in recent years.

The Sudanese (L) and Saudi flag are seeing flying on the tarmac during a joint Sudan and Saudi Arabia air force drill at the Marwa air base, near Meroe some 350 kilometres north of Khartoum, on April 9, 2017.

Analysis

Can Gulf investors outstrip China in Africa as UAE expands reach?

As the UAE, Saudi Arabia and other GCC states boost investments in Africa,Beijing’s Belt and Road Initiative could face serious challenges.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

United Arab Emirates' President Sheikh Mohamed bin Zayed Al-Nahyan (L), South Korea's President Yoon Suk Yeol (C), and his wife Kim Keon Hee (R) watch the Black Eagles, the aerobatic team of T-50 jets belonging to South Korea's air force, during a welcoming ceremony at the Presidential Office in Seoul on May 29, 2024. (Photo by JUNG YEON-JE / POOL / AFP) (Photo by JUNG YEON-JE/POOL/AFP via Getty Images)

South Korea, UAE ink trade deal lifting tariffs on over 90% of imports

The agreement was signed by ministers at a summit in the capital Seoul during the UAE president's first state visit.

United Arab Emirates

Axel Baroux

Interview

Saudi Expo 2030 to offer major opportunities for French businesses, says official

In November, the Saudi capital won the right to host the Expo 2030 world trade fair that is expected to attract around 40 million visitors and billions of dollars of inward investment.

Axel Baroux

Axel Baroux

French Trade and Invest Commissioner for the UAE and Middle East

India's prime minister, Narendra Modi, and his Saudi Arabia counterpart and Crown Prince Mohammed bin Salman (L) shake hands during a session of the G20 Leaders' Summit at the Bharat Mandapam in New Delhi on Sept. 9, 2023.

Analysis

Gaza war complicates IMEC plans even as Gulf-India ties warm

The India-Middle East-Europe Economic Corridor's progress is facing some difficulties related to geopolitical complexities, funding and conflicts in the Red Sea and Gaza.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Goldman Sachs first Wall Street bank to get green light for Saudi Arabia HQ

The US-headquartered investment bank received a license from the Saudi Ministry of Investment to set up its regional headquarters in the capital, Riyadh.