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Economy & Business

Benoit Tessier / AFP via Getty Images

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption.

Vehicles move along a main street in Saudi Arabia's holy city of Mecca on Sept. 16, 2026.

Explainer

Indonesia first foreign country to own property in Saudi Arabia's Mecca

Indonesia's sovereign wealth fund Danantara has received ownership certificates for the 2-billion-riyal ($531.4 million) acquisition of a hotel and 14 adjoining development plots.

FAYEZ NURELDINE/AFP via Getty Images

Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks

The Future Investment Initiative, which typically attracts the CEOs of some of the biggest companies in business, finance, and technology to Riyadh, will now be held next year.

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

The country's last barrels of crude stockpiled beyond the reach of a US naval blockade fell to zero in October, raising the stakes for Tehran amid mounting economic distress.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Analysis

How much oil can cushion another Middle East supply shock?

A vessel transits the Gulf of Oman

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

Explainer

Russian diesel heads to Morocco as supply crunch grips global markets

Fuel prices are displayed at a petrol station in Rabat

Syria to rejoin Arab group at IMF, leaving Russian-led constituency

An attendee walks past signage displayed inside the venue for the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP via Getty Images)

Explainer

From Six Kings Slam to FIFAe finals, Saudi Arabia's events derailed by war

Russia's Ekaterina Alexandrova returns the ball to Kazakhstan's Elena Rybakina during their WTA Finals tennis tournament in Riyadh on November 5, 2025. (Photo by Fayez NURELDINE / AFP via Getty Images)

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Shell's Brent Delta Topside offshore oil drilling rig platform.

Oil prices on rise amid Israel-Hamas war, Iran embargo call

Oil prices have risen to an extent following the start of the Israel-Hamas war, but further gains may be dependent on how the conflict plays out.

Octopus Energy's wind turbine in Glastonbury, June 13, 2023.

Morocco-UK Xlinks undersea power cable to generate 'real value': Octopus Energy

Octopus Energy CEO Greg Jackson said that it would help Morocco fight climate change.

Patrick Pouyanne, CEO, TotalEnergies 1

COP28 could allow oil industry to form coalition to cut emissions: TotalEnergies

TotalEnergies CEO and chairman Patrick Pouyanne said that national oil companies as well as public and private ones must join the group.

United Arab Emirates

Survivors fill up water from a tanker truck in their earthquake-hit village of Ineghede on September 17, 2023. Over a week since a 6.8-magnitude quake devastated parts of central Morocco, many worry that the dire living conditions and poor hygiene spell new threats for the survivors. The disaster killed nearly 3,000 people and injured thousands more when it hit in Al-Haouz province. (Photo by FETHI BELAID / AFP) (Photo by FETHI BELAID/AFP via Getty Images)

Morocco earthquake reconstruction to test government’s speed of execution

The speed and depth of Morocco's $11.7 billion reconstruction following the massive earthquake last month will have a huge impact on the economy and budget over the coming years.

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

Israeli oil platform extracting natural gas from Mediterranean Sea.

Israeli gas continues to flow despite Gaza conflict, but risks remain

A prolonged war might mean less exported gas to Egypt, and in turn less supply for Europe.

Amin Nasser Aramco

Renewable energy industry not ready to shoulder global demand, Aramco says

The boss of the world's largest oil company doubled down on investing more in oil and gas, despite Greta Thunberg and other climate activists protesting outside the conference he was speaking at in London.

A picture shows a view of the dried-up bed of the al-Kalal River in the city of Badrah, near the Iran border, on August 28, 2023. Iraq's drought reflects a decline in the level of waterways due to the lack of rain and lower flows from upstream neighboring countries Iran and Turkey.

Agriculture, business interests will continue to weigh on Iran’s water sector

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Harry McGuire Man Utd

Qatar pulls out of Manchester United acquisition race

The Qatari royal and banker had bid 5 billion pounds ($6 billion) for the British soccer club but further talks last week have broken down, the BBC reported Sunday.

A jewelry shop employee displays 24-carat gold bars in Ahmedabad, August 20, 2011.

Oil, gold climb amid Israeli-Hamas war, tighter Russian sanctions

One analyst predicts gold could reach $4,000 per ounce by year-end amid uncertainty caused by the Middle East conflict.

Ben Gurion Airport

Full list of airlines that have suspended Israel flights after Hamas attacks

Israel’s main international airport has remained open despite the conflict, and most Israeli airlines are still operating.

Gaza Strip

EU's backpedaling on Palestinian aid exposes fissures on foreign policy

An EU Commission spokesperson said at a Brussels briefing on Tuesday that earlier comments by a senior EU official were not endorsed by the top leadership of the 27-state bloc.

first tests of Alstom's Coradia iLint Hydrogen train between Reignac-sur-Indre and Loches, central France.

Saudi Arabia set to begin Middle East’s first hydrogen train trials

Saudi Arabian Railways, in partnership with French manufacturer Alstom, will begin to operate the world’s first hydrogen-powered passenger train in Riyadh later this month.