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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

Ukraine and Iraq foreign ministers

Analysis

What role will Middle East play in Ukraine's post-war reconstruction?

Since Russia invaded Ukraine in February 2022, there has been a raft of commitments from Western allies to help rebuild the war-torn state, but few from the Middle East.

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

Lawyer and businesswoman Sofana Dahlan poses for a photo in her office at Tashkeil on June 21, 2018 in Jeddah, Saudi Arabia.

Saudi Arabia poised to become the Gulf’s most competitive e-commerce market

The UAE has long been the Gulf’s most dynamic e-commerce market, a hub for industry players from Amazon to Uber. But Saudi Arabia’s digital economy is developing rapidly and could soon overshadow its smaller neighbor.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Israel gears up to begin natural gas exports to Europe

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

Hassan Abdallah Egypt Central Bank Governor

Egypt’s debt crisis impacts other African credits, Goldman Sachs warns

As bond yields rise in Egypt, so have yields for sovereign bonds for Angola, Kenya, Nigeria and Senegal.

The Crown Prince of Abu Dhabi General Sheikh Mohammed Bin Zayed Al Nahyan (L) walks with Indian Prime Minister Narendra Modi ahead of a meeting in New Delhi on January 25, 2017. The Crown Prince of Abu Dhabi General Sheikh Mohammed Bin Zayed Al Nahyan is on an official visit to India and will be the guest of honour at the country's forthcoming Republic Day celebrations. / AFP / Money SHARMA (Photo credit should read MONEY SHARMA/AFP via Getty Images)

US, India, UAE, Israel announce creation of I2U2 joint business coalition

The new coalition will see officials and business councils from the four countries collaborate to attract private sector partners to the I2U2 initiative.

Manchester United's French striker Anthony Martial (L) competes for the ball in the Forest goalmouth during the English Premier League football match between Nottingham Forest and Manchester United at The City Ground in Nottingham, central England, on April 16, 2023. (Photo by DARREN STAPLES / AFP) /

Qatar's Sheikh Jassim still confident in Manchester United takeover bid

The son of a former Qatari emir is reportedly still assured that his debt-free bid to take over the soccer club will succeed, despite an ESPN report suggesting that the current owners, the Glazer brothers, will now stay put.

A Tunisian shepherd herds his sheep near the dry reservoir bed of El-Haouareb dam, located near Kairouan, some 100 miles south of Tunis, Tunisia, July 13, 2017.

Tunisia faces water cuts amid severe drought, public frustration

The drought-hit North African country is imposing water rationing at night for the first time in its fourth dry year, which may increase social tension as Tunisians struggle with high inflation and a weak economy.

Brazilian President Luiz Inacio Lula da Silva (R) inspects an honor guard with Chinese President Xi Jinping during a welcome ceremony held outside the Great Hall of the People on April 14, 2023 in Beijing, China.

Brazil signs $12.65 billion in deals with UAE, China amid struggling economy

Brazil signed agreements worth $2.53 billion with the UAE and $10.12 billion with China.

Farmers spray grapevines at a vineyard in Souidania town, 15 Km west of the Algerian capital, on May 16, 2022. (Photo by RYAD KRAMDI / AFP) (Photo by RYAD KRAMDI/AFP via Getty Images)

Agriculture, mining and industry offer clearest path for Algeria's economic diversification

In a bid to diversify its economic revenue sources, Algeria has been attempting to raise domestic and foreign investment in non-energy sectors.

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

Dubai skyline

UAE's advanced logistics industry makes it well placed to export to Africa

The CEO of the UAE Trade Center said that the Emirates was a good trading partner for countries like Kenya and Ghana.

Qatar’s takeover of Manchester United unlikely as Glazers plan to stay put: report

An ESPN report suggests that current owners may want to hold onto the club and try and double its value.

Saudi Aramco

Saudi Arabia boosts sovereign fund with 4% Aramco transfer

Saudi Arabia’s Crown Prince Mohammed bin Salman announced the completion of a 4% transfer of Saudi Aramco shares on Sunday from state ownership to Sanabil Investments.