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Economy & Business

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025.

Trump earns $810M from UAE-backed crypto firm: What to know

According to the disclosure, Trump earned $810 million from crypto token sales and sales of interests in UAE-backed World Liberty Financial.

United Arab Emirates

Omar Albaw / Middle East Images / AFP via Getty Images

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday.

Latest News

Here's what to know about Iraq's corruption as Zaidi launches crackdown

AHMAD AL-RUBAYE / AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

AFP via Getty Images

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Olivier Badard

CEO of Armada Holding

Analysis

Why the Hormuz oil shock never became an energy catastrophe

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

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

A Sinopec employee looks at a group of jounalists visiting Polypropylene Plant No3 of the Sinopec Yanshan Petrochemical Company (SYPC) during a tour arranged by the State Council Information Office in Beijing on May 25, 2018. (Photo by WANG Zhao / AFP) (Photo credit should read WANG ZHAO/AFP via Getty Images)

Saudi Aramco acquires $3.4 billion stake in a China petrochemical firm

The world’s biggest oil exporter is making further inroads in China, Saudi Arabia’s top customer for crude.

Tunisian demonstrators raise national flags and protest placards as they take to the streets of the capital Tunis, on January 14, 2023, to protest against their president. - In July 2021, President Kais Saied sacked the government, froze parliament and seized far-reaching executive powers, later grabbing control of the judiciary -- moves opponents said aimed to install a new dictatorship in the birthplace of the Arab Spring uprisings. (Photo by FETHI BELAID / AFP) (Photo by FETHI BELAID/AFP via Getty Images

Saudi Arabia to give Tunisia $500 million amid economic crisis

Tunisia is seeking help from the kingdom as well as the EU and the IMF as it battles debt and inflation.

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.