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Economy & Business

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

AHMAD AL-RUBAYE / AFP via Getty Images

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports.

Latest News

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Leon Neal/Getty Images

United Arab Emirates

Explainer

What US sanctions on Syria remain as Shibani, Barrack hold talks?

RAMI AL SAYED/AFP via Getty Images

UAE billionaire Habtoor takes aim at Ben Gvir’s Gaza rhetoric

A picture take on Sept. 13, 2017, shows Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, attending the World Premiere of La Perle in Dubai.

United Arab Emirates

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

ADEM ALTAN/AFP via Getty Images

Turkey, Saudi Arabia ink critical mineral cooperation deal

Green energy investments will have an important share in cooperation between Turkey and Saudi Arabia, said the Turkish energy minister.

Flags of (L to R) South Africa, Brazil, Russia, India and China during the 2023 BRICS Summit at the Sandton Convention Centre, Johannesburg, August 24, 2023.

Will BRICS throw a lifeline to dollar-strapped Egypt?

Economists believe BRICS membership will give Egypt a chance to ease pressure on the dollar, but is not a quick remedy for the country’s economic woes

Changing climate conditions and the need to secure water resources has led Morocco to add another 18 dams to its current network of 152, which includes the Abdelmoumen dam, some 37 miles from the coastal city of Agadir, shown here, October 23, 2020.

Drought puts Morocco’s water infrastructure projects into overdrive

Morocco’s budget for water infrastructure is rising as desalination and dam projects advance amid droughts and increasing international partnerships.

Saudi stock

Analysis

Tadawul posts losses but Saudi markets remain fundamentally strong

'A bit of a correction' sheds some prior gains on the Saudi stock index, but professionals see reasons to keep investing in the kingdom.

Harry Clynch

By Harry Clynch

In London, reporting on Middle East economics

ADEM ALTAN/AFP via Getty Images

Turkey ends lira protection scheme as banks tally up damage

With Turkey’s inflation on course to hit 70% by the year-end, the plan to convince depositors to shift to regular deposits with yields well below the inflation rate appears unviable.

Nassr's Portuguese forward #07 Cristiano Ronaldo shoots during the AFC Champions League playoff football match between Saudi's Al-Nassr and UAE's Shabab Al-Ahli at the King Saud University Stadium in Riyadh on August 22, 2023. (Photo by Yazid al-Duwihi / AFP) (Photo by YAZID AL-DUWIHI/AFP via Getty Images)

Saudi Arabia’s soccer spending spree reshapes Middle East sports sector

The kingdom is gunning to become a professional sports powerhouse.

PATRICK BAZ/AFP via Getty Images

Lebanon’s acting central bank chief pleads for reform as crisis continues

Wassim Mansouri has been urgently calling on the Lebanese government to enact reforms since becoming acting governor of Banque du Liban following the end of the embattled Riad Salameh’s term.

WANG ZHAO/AFP via Getty Images

Saudi Arabia mulls Chinese bid to build nuclear plant

The news will irk Washington, which wants Riyadh to not be able to develop nuclear weapons.

Turkmenistan gas

Iraq to receive gas from Turkmenistan

Iraq is largely dependent on Iran for gas, despite having its own sizable reserves. The relationship has been complicated by US sanctions on Iran, and Iraq is also seeking international help to utilize its gas reserves.

Oil and gas

Fossil fuel subsidies in Middle East nearly doubled since 2020, says IMF

The fund said that fossil fuel companies globally benefited from $13 million in subsidies per minute last year.

People wait to exchange money at a currency exchange shop on June 23, 2023 in Istanbul, Turkey.

Turkey’s Central Bank shifts gears, hikes interest rates to 25%

The 750 basis point rise was higher than analysts' expectations, prompting lira to rebound from a record low.

BRICS summit 2023

Egypt, Iran, Saudi Arabia, UAE to join BRICS

The Shanghai-headquartered New Development Bank, or so-called “BRICS bank”, had already admitted the UAE and Egypt as shareholders.