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Economy & Business

Pictured in this undated image is the Al-Thawra oil field in Raqqa governorate, as rehabilitation works continue to restore production capacity.

Syria restores Raqqa oil field in former ISIS stronghold: What to know

Before Syria's civil war erupted in 2011, national oil production stood at between 400,000 and 500,00 barrels per day before falling to under 100,000 bpd during the conflict.

Guests stand at the Aramco booth during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi on Nov. 3, 2025.

Aramco profits jump 26% as Hormuz disruption chokes supply

Aramco CEO Amin Nasser said the market has already lost around 1 billion barrels of oil supply since the US-Israel-Iran war erupted on Feb. 28.

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

Kaja Kallas

EU restores economic pact to pursue fuller trade ties with Syria

The move marks a major economic step for Syria's recovery after its 13-year civil war and the fall of the Assad regime.

CN-STR / AFP via Getty Images

China’s overland trade routes offer Iran wartime economic lifeline: What to know

Cargo rail traffic between China and Iran has reportedly surged since the US blockade began in April as Tehran seeks overland trade alternatives to help buy time.

Latest News

What to know about Iran's 'Persian Gulf Strait Authority' to control Hormuz traffic

In this picture obtained from Iran's ISNA news agency on May 4, 2026, the Iran-flagged tugboat Basim sails near a ship anchored in the Strait of Hormuz off Bandar Abbas in southern Iran.

Egypt ramps up energy investments amid war-driven price pressures

Egyptian Prime Minister Mostafa Madbouly speaks in Beirut on Dec. 19, 2025.

Few ships pass Hormuz despite US efforts to break Iran's hold

Tankers are seen at the Khor Fakkan Container Terminal in the Sharjah Emirate, along the Strait of Hormuz on June 23, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

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 worker is seen at the Kuwait Global Steel Services factory in Kuwait City on December 5, 2018. (Photo by Yasser Al-Zayyat / AFP) (Photo credit should read YASSER AL-ZAYYAT/AFP via Getty Images)

Gulf industrialization potential gains traction

The global push to decarbonize supply chains and the rise of a multipolar world is an opportunity for the Gulf to emerge as an energy-rich industrial hub equidistant from Asia, Africa and Europe.

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

View of the cottage village in the suburbs of Alanya, also known as the Turkish Riviera.

Russia, Iran, Ukraine nationals top Turkey's real estate market for foreigners

Official data shows the number of foreign real-estate buyers has increased in May from the previous month.

Uber

Uber to exit Israel as market share disappoints

In Israel, Uber is trailing behind Israeli-founded Gett and Russian-owned company Yango when it comes to taxi and private vehicle hire.

Emmanuel Macron Mohammed bin Salman

Saudi Arabia's MBS heads to France to meet Macron, attend business summits

The two leaders will meet Friday and discuss bilateral relations as well as Middle Eastern and international issues including the war in Ukraine.

Cars drive along a street in front of high-rise buildings in Dubai on Feb. 18, 2023.

UAE ranked first globally in attracting new millionaires in 2022

The UAE had the highest net inflow of millionaires in the world in 2022, while China had the highest net outflow, followed by India and the United Kingdom.

United Arab Emirates

A picture taken on September 15, 2019 shows the entrance of an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. - Saudi Arabia raced today to restart operations at oil plants hit by drone attacks which slashed its production by half, as Iran dismissed US claims it was behind the assault. The Tehran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is bogged down in a five-year war, have claimed thi weekend's strikes on two plants owned by state giant Aramc

Saudi Aramco tops Middle East companies for 2023: Forbes

The Saudi oil giant continues to perform well on the back of oil prices. The list also revealed strong performances by several Moroccan banks.

Steel workers walk at the Iran National Steel Industrial Group facility in Ahvaz in Iran's southwestern Khuzestan province on December 22, 2020. (Photo by Reza SOLEYMANI ROUZBEHANI / ISNA / AFP) (Photo by REZA SOLEYMANI ROUZBEHANI/ISNA/AFP via Getty Images)

Will Iran’s mining sector become key contributor to economic diversification?

Decades-long neglect and mismanagement have produced a deficient mining industry in need of a major overhaul.

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Ngolo Kante

Saudi soccer team secures N’Golo Kante move from Chelsea

The transfer would mark an increasing Saudi influence in the world of sport, with Al-Ittihad recently buying French superstar Karim Benzema from Real Madrid.

A man carries a tray of bread through a market street on Dec. 14, 2016, in Cairo, Egypt.

Egypt's largest fortunes unscathed by latest tax changes

The Egyptian parliament approved a raft of fiscal reforms proposed by the government, including the income tax, but their reach and impact remain uncertain.

Manchester United's English striker Marcus Rashford (C) and Manchester City's English defender Kyle Walker (R) compete during the English FA Cup final football match between Manchester City and Manchester United at Wembley stadium, in London, on June 3, 2023. (Photo by Adrian DENNIS / AFP) / NOT FOR MARKETING OR ADVERTISING USE / RESTRICTED TO EDITORIAL USE (Photo by ADRIAN DENNIS/AFP via Getty Images)

Qatari royal’s Manchester United takeover to be announced ‘soon’: report

Al-Watan paper, which is owned by Jassim’s father Sheikh Hamad bin Jassim bin Jaber Al Thani, reported late Sunday that the Qatari bid for the Red Devils had been successful.

Arab-China Business Conference

Saudi Arabia's Arab-China business conference inks over $10B in deals

The Arab-China Business Conference yielded billions of dollars worth of deals on electric vehicles, mining, technology and more.

Kais Saeid, Ursula von der Leyen

Analysis

European aid, pressure on Tunisia’s IMF deal unlikely to allay migration concerns

European leaders visited the North African country over the weekend, hoping to work with Kais Saied's populist government to reach an agreement with the International Monetary Fund while reducing migration in the Mediterranean.

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