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Economy & Business

Benoit Tessier / AFP via Getty Images

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption.

Vehicles move along a main street in Saudi Arabia's holy city of Mecca on Sept. 16, 2026.

Explainer

Indonesia first foreign country to own property in Saudi Arabia's Mecca

Indonesia's sovereign wealth fund Danantara has received ownership certificates for the 2-billion-riyal ($531.4 million) acquisition of a hotel and 14 adjoining development plots.

FAYEZ NURELDINE/AFP via Getty Images

Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks

The Future Investment Initiative, which typically attracts the CEOs of some of the biggest companies in business, finance, and technology to Riyadh, will now be held next year.

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

The country's last barrels of crude stockpiled beyond the reach of a US naval blockade fell to zero in October, raising the stakes for Tehran amid mounting economic distress.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Analysis

How much oil can cushion another Middle East supply shock?

A vessel transits the Gulf of Oman

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

Explainer

Russian diesel heads to Morocco as supply crunch grips global markets

Fuel prices are displayed at a petrol station in Rabat

Syria to rejoin Arab group at IMF, leaving Russian-led constituency

An attendee walks past signage displayed inside the venue for the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP via Getty Images)

Explainer

From Six Kings Slam to FIFAe finals, Saudi Arabia's events derailed by war

Russia's Ekaterina Alexandrova returns the ball to Kazakhstan's Elena Rybakina during their WTA Finals tennis tournament in Riyadh on November 5, 2025. (Photo by Fayez NURELDINE / AFP via Getty Images)

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Saudi Crown Prince Mohammed bin Salman, right, welcomes Chinese President Xi Jinping.

Saudi Arabia, China sign $1.33 billion in housing deals

The Saudi-China Business Forum represents the latest sign of increased Chinese interest in Saudi Arabia.

A Royal Air Maroc (RAM) Boeing 787-9 'Dreamliner' aircraft lands at Israel's Ben Gurion Airport in Lod on March 13, 2022, after flying RAM's first scheduled commercial flight from Casablanca. - Royal Air Maroc took off from Morocco's economic capital Casablanca bound for Tel Aviv on March 13, in the carrier's first direct flight to the Jewish state since the two countries normalised ties in 2020. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Morocco to continue to attract likes of Boeing and Airbus as aeronautics industry grows

Morocco’s aeronautics industry has come a long way over the past decade.

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

This picture taken on Dec. 11, 2019, shows an oil tanker at the port of Ras al-Khair.

Saudi oil exports fall to 21-month low

The decline in the kingdom’s oil exports follows its production cuts as well as those of Russia. Saudi Arabia may face difficulties maintaining price stability moving forward.

Beirut airport

Offshore gas rig sets up in cash-strapped Lebanon

The arrival of the machinery marks a significant development for Lebanon, which hope gas exploration will revive its ailing economy.

AHMAD GHARABLI/AFP via Getty Images

Israel’s inflation drops to 3.3%, beating expectations

Inflation in Israel has dropped to 3.3% from 4.2% in June, even as analysts predicted it would rise in July.

JOHNNY BUGEJA/AFP via Getty Images

Iran’s oil exports to China hit 10-year high

Iran is growing politically and economically closer to China in light of US sanctions.

Then-Crown Prince of Abu Dhabi Sheikh Mohammed Bin Zayed Al Nahyan (C) with Indian Prime Minister Narendra Modi (R) and Indian President Pranab Mukherjee (L) before a ceremonial reception at the Indian President's house in New Delhi on Jan. 25, 2017.

How significant is India's first ever use of rupees for UAE oil payment?

Abu Dhabi National Oil Company (ADNOC) received the rupee payment of an undisclosed amount from Indian Oil Corp., according to an Indian Embassy statement acquired by Reuters.

United Arab Emirates

Borsa Istanbul

Moody’s upgrades outlook for Turkish banks amid economic U-turn

The US-based rating agency projected Turkey's economic growth to be 4.2% at the end of 2023, falling from 2022’s 5.6%.

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