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Economy & Business

Employees install new solar panels at the Kalyon Energy's Karapinar Solar Power Plant on December 02, 2021 in Karapinar, Turkey.

Turkey hits renewable milestone as solar surpasses gas in power capacity

Energy and Natural Resources Minister Alparslan Bayraktar said in a statement that wind and solar capacity combined had risen to 39,215 megawatts by the end of November.

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

Analysis

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

The Gulf’s top financial hubs have posted another strong year in 2025, with the UAE spearheading a regional push to attract hedge funds, asset managers, crypto and fintech firms as regional neighbors target growth of their own.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

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

A ceasefire reached between Israel and Hamas in October has prompted some shipping companies to consider resuming services, but security concerns persist.

Solar panels in a Sinai desert, Egypt.

Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint

Gulf companies have been increasing their investments in North African renewable energy.

Latest News

Morocco’s markets rise as World Cup spending fuels largest IPO in decades

CASABLANCA, MOROCCO - AUGUST 20: In this handout image from Populous, digital renderings of the proposed Stade Hassan II stadium in Morocco, projected to be the largest football stadium in the world with 115,000 capacity are depicted on August 20, 2024 in Casablanca, Morocco. The stadium design is by Populous and Oulalou + Choi (Photo by Populous via Handout/Getty Images)

India’s Modi eyes closer ties with Jordan, Oman during visits

His Royal Highness Crown Prince Al-Hussein bin Abdullah II (R) meets with Indian Prime Minister Narendra Modi in Jordan, on Dec. 16, 2025.

Egypt secures Qatari investment boost, launches first SCZONE industrial deal

Egypt’s Minister of Investment and Foreign Trade Hassan El Khatib speaking at the Egyptian-Qatari Investment Forum in Cairo, Egypt on Dec. 14, 2025 (State Information Service)

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

Sebastian Castelier

In Dubai, reporting on regional business

Jennifer Gnana

Gulf Correspondent

In Dubai, reporting on Gulf energy policy and politics

Erdogan MBZ

Turkey, UAE ratify $40 billion trade deal after Erdogan's victory

Abu Dhabi’s ratification of the partnership agreement came three days after President Recep Tayyip Erdogan’s election victory.

Qatar Airways plane 2

Qatar Airways first in Mideast to sign Shell deal for 3K tons of sustainable fuel

The airline said that the deal will allow it to reduce emissions on flights from Amsterdam by approximately 7,500 tons of CO2 for the fiscal year.

UAE financial

Explainer: Understanding UAE’s first-ever corporate tax

Taxes are increasing across the Gulf, and the UAE is seeking to boost tax compliance as well as cut down on money laundering.

People walk through an alley of a traditional souk in the old Medina of Marrakesh on Dec. 30, 2014.

Morocco’s textile industry rebounds, as demand spikes from Northern Europe

The head of Morocco's textile association said there is growing demand from Northern European buyers for locally made knitwear and corporate apparel.

A Chinese vendor displays notes during a cash transaction in Beijing 14 January 2007. The yuan was pegged to the US dollar until 2005 when Beijing decided to revalue it by 2.1 percent and place the unit in a currency basket, allowing a greater but still very tightly controlled margin of flexibility, but the yuan has since slowly but steadily risen in value on the back of China's booming economy and the breaching of the 7.80 level. AFP PHOTO (Photo credit should read STR/AFP via Getty Images)

China’s push for trade in yuan has downsides for Gulf states

Paying for the import of Gulf fossil fuels in yuan is at the top of China’s list to lay the foundations for a greater global adoption of its currency.

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

Men drink chai in the street the day after President Recep Tayyip Erdoğan was re-elected on May 29, 2023 in Istanbul,Turkey. Erdogan won another five-year term after being forced into a runoff with the opposition politician Kemal Kilicdaroglu. Erdogan prevailed despite criticism of his management of the country's economy and the government's response to the devastating earthquakes earlier this year. (Photo by Jeff J Mitchell/Getty Images)

Turkish lira slips to new low as Erdogan forms economic team

Turkey's currency has dropped again in the wake of President Recep Tayyip Erdogan’s reelection.

People carrying flags of Pakistan take part in a rally to show solidarity with Pakistan's army in Islamabad on May 17, 2023, after military installations were allegedly damaged by supporters of former Pakistan's prime minister Imran Khan following his arrest last week.

Instability in Pakistan increases risks for UAE, Saudi Arabia

Beach with parasols and blooming bougainvillea near Sharm el-Sheikh,Red Sea,Egypt.

Egypt’s tourism sector continues to lure private investors despite economic difficulties

Opportunities in the sector are set to increase following the government’s renewed bid to double the number of annual visitors from pre-pandemic levels and nearly triple annual tourism revenues to $30 billion by 2028, up from $12.2 billion in 2022.

Marc Español

Saudi Crown Prince Mohammed bin Salman (4th R) attends a meeting with Chinese President Xi Jinping (3rd L) at the Great Hall of the People in Beijing on February 22, 2019. (Photo by HOW HWEE YOUNG / POOL / AFP) (Photo credit should read HOW HWEE YOUNG/AFP via Getty Images)

From roads to routers: The future of China-Middle East connectivity

Latest Trend Report: China is deepening its engagement in the Middle East, and the region, by and large, is welcoming it.

Qatar Economic Forum

Qatar forum warns of economic downturn, shift in cryptocurrency

One Qatar Economic Forum participant says it will take at least a generation to reach a point where the world can depend on clean power.

Turkey elections

Turkey Elections: Fears of internet restrictions mount with over a dozen under Erdogan

With a critical presidential election runoff on Sunday, Turks are on high alert for potential censorship and internet shutdowns.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

ADNOC boosts Middle East IPO activity as Saudi Aramco debates next moves

Amid an enduring global IPO slump, the Middle East continues to produce new listings in 2023 — headlined by Abu Dhabi’s national oil company ADNOC with the largest IPO globally of Quarter 1.

Samuel Wendel

In Washington, DC, reporting on regional business and tech