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Economy & Business

Masoud Suleman, acting chairman of Libya's National Oil Corporation, and other corporate representatives pose for a photo during a conference announcing the first new grants of oil exploration and production licenses in 17 years, in Libya's capital, Tripoli, on Feb. 11, 2026.

Analysis

Libya’s oil revival powers on despite shaky investment thesis

Libya’s National Oil Corporation announced winners for the country's first oil and gas licensing round in 17 years — a milestone for an OPEC member that has lurched from civil war to uneasy truce since 2011.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

SYDNEY, AUSTRALIA - JANUARY 20: A general view of DP World Australia at Port Botany on January 20, 2024 in Sydney, Australia. The Guardian reported that workers at DP World have been involved in industrial action since October 2023. Actions include limited stop-work orders, as the union seeks a 16% pay increase over two years. The stevedore company manages some 40% of container traffic in Australia. A protracted industrial dispute would have severe knock-on effects on supply chains and businesses small and

UAE’s DP World names new leadership after CEO leaves over alleged Epstein ties

The Dubai emirate announced the appointments of Yuvraj Narayan as group CEO and Essa Kazim as the new chairman of the board, replacing Sultan Ahmed bin Sulayem.

United Arab Emirates

Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman looks on during a meeting with US President Donald Trump (not pictured) in the Oval Office of the White House in Washington, DC on November 18, 2025. Saudi Crown Prince Mohammed bin Salman arrived at the White House to fanfare and a jet flyover Tuesday, in his first visit to the United States since the 2018 murder of journalist Jamal Khashoggi. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Ima

Saudi Arabia names new investment minister as Vision 2030 funding lags

The leadership change comes as slowing megaprojects and weak foreign inflows expose gaps in the kingdom’s ambitious economic overhaul.

An Emirates Boing 777-300ER is pictured in front an air traffic control tower at Dubai International Airport in Dubai, on Jan. 30, 2023.

Dubai airport tops global ranking again with 95.2 million passengers

DXB has been the world’s busiest airport since 2014 and eyes nearly 100 million passengers in 2026.

United Arab Emirates

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

Analysis

New nuclear deal is no silver bullet for Iran's untapped gas reserves

03/04/2021 Asalouyeh, Iran. A view of refinery No. 2 (Phases 2, 3) of the? South Pars Gas-Condensate field in Asalouyeh Seaport, north of the Persian? Gulf in Iran.The South Pars Gas-Condensate field, the world's largest natural gas field, is shared with Qatar (North Dome) (Photo by Saeid Arabzadeh / Middle East Images / Middle East Images via AFP) (Photo by SAEID ARABZADEH/Middle East Images /AFP via Getty Images)

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

Analysis

Why IRGC’s shadow empire is set to endure even as Iran’s economy spirals

Iranians ride their motorbike past a huge banner of former Iran Islamic Revolutionary Guard Corps (IRGC) Quds Force commander Qasem Soleimani ahead of the sixth anniversary of his assassination, in Tehran, Dec. 31, 2025.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

Saudi-backed airline to test Syria’s aviation recovery

This picture shows a Syrian Arab Airlines Airbus A320-200 aircraft and the control tower at Damascus international airport as the new Syrian authorities prepare to reopen it, on December 16, 2024. Damascus's airspace reopened on December 12, the airport director told AFP, after a closure since December 8, when president Bashar al-Assad's government fell. Syrian Airlines aircraft maintenance director said takeoffs and landing would be decided by the transport ministry, adding that the carrier hoped to "expan

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

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

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

Jack Dutton

Chief Business Correspondent

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

Sabena Siddiqui

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

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Francisco Serrano

In Lisbon, reporting on North Africa business

Merz

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

Berlin is seeking to capitalize on ties with Gulf energy giants as relations with the United States have cooled amid strains over transatlantic defense commitments, Washington’s pursuit of Greenland and tariffs.

Platform Edith, the largest of Chevron's USA's offshore production platforms, is seen off the southern California coast, on Oct. 6, 2021.

Syria to develop first offshore oil, gas field with US’s Chevron, Qatar’s UCC

In 2013, Russian firm Soyuzneftegaz signed a deal to explore for oil and gas in Syrian waters, but the project was dropped two years later due to the civil war.

KHALED DESOUKI/AFP via Getty Images

Iran warning near Hormuz collides with Red Sea shipping comeback

Armed boats attempted to intercept a vessel near the Strait of Hormuz on Tuesday, the same day that major container lines also announced the resumption of limited transits through the Suez Canal.

YASSER AL-ZAYYAT / AFP via Getty Images

Kuwait to open offshore oil, gas fields to foreign firms: What to know

The Gulf country and OPEC member has made significant oil and gas discoveries since 2023.

US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi during a joint press conference in the East Room of the White House in Washington, on Feb. 13, 2025.

How US-India trade deal could impact Mideast energy, trade routes

The United States and India struck a trade agreement on Monday that eases months of tension between the two countries and could influence Gulf oil flows and economic integration.

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

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

Saudi Arabia’s benchmark stock index, TASI, rose 1.4%, a day after falling the most in nearly 10 months amid a broad sell-off in the commodities market.

United Arab Emirates

A general view of Saudi Aramco's Abqaiq oil processing plant on Sept. 20, 2019.

US-Iran tensions fan oil disruption fears as Gulf states confront retaliation risks

From blocking the Strait of Hormuz and seizing commercial shipping to striking energy infrastructure, Tehran’s retaliation playbook could rattle the region as Gulf states fear red lines have been crossed.

This picture shows a view of the Abu Dhabi skyline on May 14, 2025. (Photo by FADEL SENNA / AFP) (Photo by FADEL SENNA/AFP via Getty Images)

Abu Dhabi merges ADQ into new wealth fund L'IMAD: What to know

Under the new structure, Sheikh Khaled bin Mohammed, the crown prince of Abu Dhabi, will oversee a broader swath of the emirate’s investment holdings.

United Arab Emirates

Art of digital currency.

UAE Central Bank approves first US dollar-backed stablecoin: What to know

The approval marks a milestone in the UAE’s development of digital currency infrastructure and positions USDU as the Gulf country’s first USD-denominated currency for digital assets.

United Arab Emirates

Old chemical barrels.

Oil climbs above $70 a barrel, hitting five-month high on Iran tensions

At 9:30 a.m. ET, Brent crude futures reached $70.44, the highest level since Aug. 1, 2025.

Aerial view of Riyadh at night with illuminated modern skyscrapers and busy streets under a clear dark sky, Al Olaya street.

Analysis

Saudi Arabia downsizes megaprojects, chases cash amid AI push

After years of breakneck spending, Crown Prince Mohammed bin Salman’s flagship plan to diversify the oil-dependent economy — dubbed Vision 2030 — is facing a fresh round of delays and recalibration as softer oil prices squeeze public finances and force tougher choices.

Samuel Wendel

By Samuel Wendel , Jack Dutton