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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 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