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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

MEDITERRANEAN SEA, ISRAEL - MARCH 28: In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore on March 28, 2013 in Israel. The offshore Tamar drilling site which was originally dispatched from a shipyard in Texas at the end of last year is due to start producing natural gas next week. Over the past few years Israel has suffered from a shortage in natural gas, but with the new platform that weighs 34,000 tons and wi

Israel’s natural gas-export drive to get boost from new drilling licenses

With initial bids submitted in July to explore for new sources of natural gas, Israel has moved an important step closer towards a significant increase in production.

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

ANTHONY WALLACE/AFP via Getty Images

Saudi Arabia's Al-Hilal lures Neymar from PSG in $98m deal

The transfer will complete once the Brazilian forward has done a medical check and all necessary paperwork, the BBC reported.

Harry Maguire

Manchester United expected to close $9.15B sale to Qatari royal

Qatari banker Sheikh Jassim bin Hamad Al Thani and Jim Ratcliffe, CEO of UK-based petrochemicals company INEOS, have been competing to buy the soccer team.

Emiratis work at the Middle East's largest technology exhibition, GITEX, which opened in Dubai Oct, 3, 2004.

What is Emiratization and how did UAE recover $600,000 from 'fake hires?'

The UAE recovered $600,000 worth of payments made by private companies to 107 Emiratis for fake jobs created in an attempt to fulfill Emiratization quotas.

United Arab Emirates

Saudi refinery

Analysis

Russia’s oil sales to China hurt Saudi revenue despite increased demand

Despite oil prices maintaining a seven-week rally and crude demand expected to reach record highs in 2023, the burden of maintaining higher oil prices is pushing Saudi Arabia to the limit.

By Salim A. Essaid

A worker performs a routine inspection of filters at the Hadera Desalination Facility, in the central Israeli coastal town of Hadera on April 3, 2002. - Israel, a leader in making seawater drinkable, plans to pump excess output from its desalination plants into the Sea of Galilee, depleted by overuse and threatened by climate change. Israel now plans to tackle the challenge by reversing the water flow through its vast network of pumps, pipes and tunnels dating to the 1960s, the National Water Carrier. (Phot

Middle East Water Security: Competition heats up as resources become scarcer

The Middle East and North Africa region is “the most water-scarce region in the world” and is home to 11 of the 17 most water-stressed countries globally.

This picture taken on March 7, 2021 shows an Israeli El Al Boeing 787-8 Dreamliner aircraft.

In radical shift, Israel's El Al airline in talks to buy Airbus planes

El Al is in "serious" talks with Airbus to purchase new planes but continues to negotiate with Boeing as well.

ADEM ALTAN/AFP via Getty Images

Turkey logs $674M account surplus, breaking 20 month deficit

Turkey posted a current account surplus in June for the first time since October 2021.

Turkish Airlines

Turkish Airlines posts $635m Q2 profit, capacity exceeds pre-COVID levels

While global airlines lost nearly $170 billion to the 2020 pandemic and the industry as a whole still is not making a net profit, Turkish Airlines managed to make $2.7 billion in profit in 2022.

Egypt food market

Egypt’s headline inflation hits all-time high of 38.2% in July

Surging food prices helped July’s headline inflation numbers break the record of 36.8% in June.

Riad Salameh

Riad Salameh, Lebanon's ex-central bank chief, hit with US sanctions

In addition to Riad Salameh, the Treasury Department imposed sanctions on his family members and assistant.

This picture taken on March 13, 2020 shows an aerial view of low-rise luxury housing in the residential suburb of Madinaty, some 40 kilometres east of the centre of Egypt's capital Cairo. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Egypt’s real estate shows strong fundamentals amid economic turmoil, but risk remains

The Egyptian government announced in mid-July that it had begun the procedures to allow foreigners to own as many properties in the country as they want, revoking the existing cap of two.

Marc Español