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Economy & Business

Kaja Kallas

EU restores economic pact to pursue fuller trade ties with Syria

The move marks a major economic step for Syria's recovery after its 13-year civil war and the fall of the Assad regime.

CN-STR / AFP via Getty Images

China’s overland trade routes offer Iran wartime economic lifeline: What to know

Cargo rail traffic between China and Iran has reportedly surged since the US blockade began in April as Tehran seeks overland trade alternatives to help buy time.

In this picture obtained from Iran's ISNA news agency on May 4, 2026, the Iran-flagged tugboat Basim sails near a ship anchored in the Strait of Hormuz off Bandar Abbas in southern Iran.

What to know about Iran's 'Persian Gulf Strait Authority' to control Hormuz traffic

The establishment of an entity seeking to control maritime transportation in the Strait of Hormuz is the latest sign that Iran wants to formalize authority in the strategic waterway.

Egyptian Prime Minister Mostafa Madbouly speaks in Beirut on Dec. 19, 2025.

Egypt ramps up energy investments amid war-driven price pressures

Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years.

Latest News

Few ships pass Hormuz despite US efforts to break Iran's hold

Tankers are seen at the Khor Fakkan Container Terminal in the Sharjah Emirate, along the Strait of Hormuz on June 23, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Iran strikes UAE’s Fujairah oil hub as US pushes Hormuz reopening

Meysam MIRZADEH / TASNIM NEWS / AFP via Getty Images

United Arab Emirates

Analysis

MENA wheat importers face food security risks as Hormuz crisis festers

Crops of wheat and barley in Terbol village on May 10, 2022, in Bekaa Valley, Lebanon.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and 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

Man Utd

Manchester United takeover ‘paused’ amid Qatari frustration: reports

The club's owners the Glazer family reported they want around 6 billion pounds ($7.72 billion) for the soccer club, but the two bids value Manchester United at around 5 billion pounds.

NEW YORK, NEW YORK - AUGUST 10: A Chipotle store signage is seen on August 10, 2022 in New York City. NYC Mayor Eric Adams announced on Tuesday that Chipotle Mexican Grill announced that they will be paying $20 million dollars to current and former workers in their NYC restaurants for violating city labor laws. The settlement will cover about 13,000 employees who worked at the chain's NYC stores between 2017 and this year. (Photo by Michael M. Santiago/Getty Images)

Popular Mexican food chain Chipotle coming to UAE, Kuwait

The fast-food giant that specializes in Mexican food is one of the biggest in the United States.

Xi Jinping Abdulmajid Tebboune

Algeria, China sign 19 agreements during Tebboune's visit, including energy, technology

Xi Jinping received Abdelmadjid Tebboune and his delegation at Beijing's Great Hall of the People to discuss bilateral relations.

Japan's Prime Minister Fumio Kishida prepares before a roundtable meeting during the 29th EU-Japan Summit at the European Union building, Brussels, Belgium, July 13, 2023.

Analysis

On Gulf tour, Japan's PM secures energy ties as China’s influence grows

Prime Minister Fumio Kishida’s three-day trip that began Sunday to Saudi Arabia, the United Arab Emirates and Qatar — its key energy suppliers — is seen as a crucial move to secure Japan’s energy future.

By Salim A. Essaid

A worker fumigates a house against the Aedes aegypti mosquito to prevent the spread of dengue fever in a neighborhood in Piura, northern Peru, on June 11, 2023. (Photo by ERNESTO BENAVIDES / AFP) (Photo by ERNESTO BENAVIDES/AFP via Getty Images)

Dengue fever outbreak in Egypt forces Russia to issue tourism warning

Most cases of the mosquito-borne virus are not severe. Russia has implemented health measures for flights from Egypt as a result of the outbreak.

A man counts Turkish liras at a currency exchange office, Istanbul, Turkey, July 29, 2020.

Turkish lira hits record low, losing 2% amid concerns of smaller rate increase

As of 4:15 p.m. Istanbul time, the lira was trading at 26.99 against the dollar, 2.4% less than Monday’s close of 26.3505.

A car drives past a road signal indicating the Allenby (King Hussein) bridge crossing point to Jordan.

Work on Israel-Saudi land bridge has begun, Israeli Foreign Ministry confirms

The project will facilitate the transfer of goods in trucks intially between the UAE, Israel, Jordan and Saudi Arabia.

A woman takes a photo of the LEGO-made Sheikh Zayed Grand Mosque miniature at Dubai's LEGOLAND theme park, on March 7, 2022. - Over 60 million LEGO bricks are in MINILAND, where LEGOLAND Dubai has recreated scenes and famous landmarks from the UAE and Middle East region, including Burj Khalifa, Burj Al Arab, the Sheikh Zayed Grand Mosque. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Gulf’s non-oil growth offers new investment opportunities

The Gulf’s largest economy has encouraged foreign investors to invest in its emerging non-oil sectors.

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

Japan's Prime Minister Fumio Kishida speaks during the UAE - Japan Business Forum in Abu Dhabi on July 17, 2023. (Photo by KARIM SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Japan’s PM visits UAE after Saudi Arabia, talks green energy, supply sources

Japan is trying to move away from fossil fuels toward greener energy, which it plans to promote in the region during Prime Minister Fumio Kishida’s visit to the Gulf this week.

The Barbados-flagged ship "Nord Vind" coming from Ukraine loaded with grain is anchored for inspection in Istanbul, on Oct. 11, 2022.

Wheat prices rise by nearly 3% as Russia-Ukraine grain deal expires

Turkish President Recep Tayyip Erdogan said he may call his Russian counterpart, Vladimir Putin, in an effort to save the export deal. The deal’s termination could have economic effects on the Middle East.

Traders follow the movement of stock prices at the Boursa Kuwait, Kuwait City, Kuwait, March 2, 2022.

Kuwait's new sovereign wealth fund Ciyada to boost foreign investment

The Gulf country already has the Kuwait Investment Authority with assets of about $803 billion, making it the fifth-largest sovereign wealth fund globally.

Mark Rutte, Kais Saied, Ursula von der Leyen, Giorgia Meloni

EU, Tunisia ink 'strategic partnership' to help economy, stem migrants

It comes after weeks of talks between the two parties about the EU providing around 1 billion euros in aid, which would be dependent on Tunisia's IMF bailout.