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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

Xi Jinping Vladimir Putin BRICS

Iran increases trade with BRICS including China as it looks to join bloc

Iran has seen a 14% year-on-year increase in non-oil trade with members of the five-state alliance, which includes Brazil, China, India, Russia and South Africa.

Two pairs of US hundred dollar and Egyptian hundred pound notes are held before a window showing the skyline of Egypt's capital Cairo and the Nile river on January 16, 2023. - With Egypt's economy in crisis, the currency in freefall and inflation skyrocketing, the poor have been hit hard but the middle class is also teetering on the brink. The Egyptian pound has lost half its value against the dollar since March, following a devaluation demanded as part of a $3 billion International Monetary Fund loan agree

Egypt inflation drops to 31.5%, but food prices still rising

Annual inflation fell slightly in April compared to the previous month as the central bank readies its next decision on interest rates.

A general view shows 09 March 2004 the Shaybah mega-project, the first, and so far sole, oilfield development in Saudi Arabia's vast Al-Rub al-Khali desert, some 800 kilometers (500 miles) southeast of the eastern oil center of Dhahran. The Shaybah mega-project, which sits on top of some 15 billion barrels of proven oil reserves, more than a drop in the ocean of Saudi Arabia's estimated total reserves of about 260 billion barrels, has been producing oil to the tune of 600,000 barrels per day (bpd) for less

Saudi Aramco profit drops 19% on lower oil prices

Aramco has signed major deals with companies in China, the United States and South Korea recently, and OPEC+ recently announced a supply cut.

Lionel Messi PSG

Lionel Messi move to Saudi Arabia from PSG 'a done deal': Report

Jorge Messi said the decision on a transfer of the 2022 World Cup winner will not be taken until the end of the season.

Retired servicemen clash with soldiers outside Lebanon's central bank during a demonstration demanding inflation adjustments to their pensions, Beirut, Lebanon, March 30, 2023.

Lebanon’s angry depositors demand their money back from banks

Bank depositors staged a sit-in in Beirut to protest the banks' illegal policies imposed on their deposits amid a stifling economic crisis.

An aerial picture shows heavy traffic on two main highways in Kuwait City on March 27, 2023, after heavy rain the previous night caused flooding and road closures. (Photo by YASSER AL-ZAYYAT / AFP) (Photo by YASSER AL-ZAYYAT/AFP via Getty Images)

How Kuwait’s political gridlock is hampering economic policymaking, competitiveness

Kuwait’s continued political gridlock has obstructed the government's ability to advance an effective economic policymaking and reform agenda.

Robert Mogielnicki

Robert Mogielnicki

Abu Dhabi's crown prince, Sheikh Mohammed bin Zayed Al Nahyan, left, shakes hands with Chinese President Xi Jinping after witnessed a signing ceremony at the Great Hall of the People in Beijing, Monday, July 22, 2019. (Photo by Andy Wong-Pool/Getty Images)

In boost to China, UAE and Kuwait become 'dialogue partners' in Shanghai Cooperation Organization

The Gulf states made up half of the new partners at the annual Shanghai Cooperation Organization meeting in 2023.

United Arab Emirates

A picture taken on April 29, 2023, shows a Palestinian fish vendor at a market in Gaza City.

Anger at Hamas brews as taxes increase in Gaza

Amid growing poverty in the Gaza Strip, the Hamas government imposed in the past year a further series of taxes and custom fees.

Retired servicemen try to remove the barbed wire barricade outside Lebanon's central bank during a demonstration demanding inflation-adjustments to their pensions in Beirut on March 30, 2023. (Photo by JOSEPH EID / AFP) (Photo by JOSEPH EID/AFP via Getty Images)

Lebanon's finance minister questioned by European investigators

In a first, Lebanese Finance Minster Youssef Khalil was questioned today in the case against Central Bank Governor Riad Salameh and his brother, who are accused of embezzlement.

Moroccan Prime Minister

Analysis

UK 'obvious choice' as Morocco seeks to diversify trade

In recent months, a flurry of partnerships have been announced between the countries in sectors including transport and renewable energy.

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

Qatar Airways Cargo

Qatar Airways becomes first Middle East airline with cargo hub in Africa

The Qatar Airways Group, which owns Qatar Airways Cargo, already owns a 49% stake in RwandAir, Rwanda's national carrier.

Federal Reserve

Qatar, UAE, Saudi Arabia raise interest rates after US Federal Reserve

The Fed’s controversial and aggressive rate hikes to combat inflation could be coming to an end, and this will have ramifications for fiscal policy in the Gulf. Qatar initially said it would not raise rates, but later announced a rate hike.