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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

Dubai port

Dubai’s DP World signs deals with China seaport companies in latest push

Ningbo-Zhoushan port said it will boost its Dubai station project as part of China’s Road and Belt Initiative.

United Arab Emirates

Indian Prime Minister Narendra Modi (R) shakes hands with Saudi Crown Prince Mohammed bin Salman prior to a meeting at Hyderabad House in New Delhi on February 20, 2019. - Saudi Arabia's Crown Prince Mohammed bin Salman received a warm welcome in India on February 20, with Riyadh eager to demonstrate it is not an international pariah after the murder of journalist Jamal Khashoggi in October. (Photo by MONEY SHARMA / AFP) (Photo credit should read MONEY SHARMA/AFP via Getty Images)

In Saudi, US embraces a West Asia architecture with India, UAE

New relationships across the continent may promote both economic development and security.

This picture shows the swimming pool of a luxury villa for sale on one of the Palm Jumeirah man-made island, on the coast of the Gulf emirate of Dubai, on May 19, 2021. - Dubais property market is powering out of a six-year malaise as "lockdown dodgers" and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery. Luxury villas are the hottest segment in the market, with European buyers in particular seeking homes on Dubais signature Palm Jumeirah man-

Dubai’s real estate, cost of living conundrum creates opportunities for Gulf rivals to capitalize

The UAE’s red-hot real estate market could price out many expats and drive them towards neighboring countries, greatly impacting the regional competition to become a global business hub.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

NATALIA KOLESNIKOVA/AFP via Getty Images

Russia’s Tatneft makes new oil discovery in Libya

Russia and the controversial military contractor Wagner Group have longstanding interests in Libya’s oil, but instability has hurt the ability of Russian oil companies to operate in the North African country.

Lionel Messi Argentina

FC Barcelona 'hugely confident' on Messi return despite Saudi bid

The Catalonian soccer team are in a tug-of-war with Saudi Arabian team Al Hilal to snap up the 2022 World Cup winner.

UAE China flags

HSBC projects strong China-Middle East economic growth

In 2021, trade between countries of the Gulf Cooperation Council (GCC) and China surpassed GCC trade with the United States and Europe for the first time, according to the IMF.

GIUSEPPE CACACE/AFP via Getty Images

Analysis

Saudi Aramco, high-value IPOs face impending pressure in 2023

The United Arab Emirates saw the world’s largest IPO of first quarter 2023, with ADNOC Gas PLC raising $2.5 billion on the Abu Dhabi Securities Exchange.

By Salim A. Essaid

A man walks past a shop selling replicas of Ancient Egyptian statuettes, figurines, and canopic jars at the Khan el-Khalili bazaar area in Egypt's capital Cairo on June 3, 2021. - Pyramids, Tutankhamun masks, Nefertiti busts -- Egypt's souvenir craftspeople are pinning their hopes on a new lease of life, after tourism was battered by the coronavirus pandemic. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Egypt: Leading textile executive pushes for low-interest loans to save industry

Textile manufacturing is Egypt’s second-largest industry, but it was severely impacted by the pandemic and now the country’s economic downturn.

Workers at the Northern Oil Company carry out maintenance work at the pumping station in the northern Iraqi city of Kirkuk.

Iraq asks Turkey to resume oil exports as firms in Kurdistan region scale back

Turkey has still yet to restart oil flows from northern Iraq following a controversial court ruling despite efforts by Iraqi and Kurdish authorities. The stoppage is threatening the Kurdistan Region’s oil sector.

An Emirates Airbus A380 aircraft descends on its landing approach to Dubai International Airport, Dubai, United Arab Emirates, April 17, 2023.

UAE's Emirates reports record $2.9 billion in profit after two years of losses

The Dubai-based airline’s numbers indicate it has finally recovered from the coronavirus pandemic.

United Arab Emirates

China nuclear

Analysis

UAE-China nuclear deals signal evolving energy relationship

Emirates Nuclear Energy Corporation, which is developing the UAE’s nuclear energy sector, signed the three agreements with Chinese nuclear energy organizations on Sunday.

By Salim A. Essaid

Chinese investors pose for a picture in the land where an industrial city, including an oil refinery, is due to be built following an economic agreement, in the port town of Duqm on May 24, 2016 . Chinese investors signed a deal with Oman's government to establish an industrial city, including an oil refinery, in the port town of Duqm, both sides said in a joint statement. The agreement signed during the ceremony in Muscat would open way for investments worth $10.7 billion by 2022 to finance industrial proj

China to support Oman's economic rebound in 2024

Oman is expected to go from one of the Middle East’s lowest growth rates this year to the region’s highest in 2024. Here's how China will help it get there.

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business