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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 picture taken on Oct. 31, 2017, shows advertising billboards in Cairo for "WE," a new mobile service from Egypt's state-owned company Telecom Egypt.

Will Telecom Egypt stake sale help country achieve IMF reforms?

An expert said it was "unclear” whether the sale helped solve Egypt’s “key problem” of accessing hard currency.

The flags of Iran (R) and of the UAE (L).

UAE official discusses cooperation with Iran’s roads minister

The UAE and Iran continue to maintain cordial economic and political ties, despite US pressure.

United Arab Emirates

Traders work at their desks on the floor of the Borsa Istanbul in Istanbul, Turkey, May 22, 2018.

Turkey’s main stock index falls after election stalemate

The Turkish stock market rallied last week as opposition leader Kemal Kilicdaroglu gained momentum in the race to defeat President Recep Tayyip Erdogan.

Refugees cross into Egypt through the Argeen land port with Sudan, April 27, 2023.

Egypt’s economy braces for new hit from Sudan conflict

Egypt fears that a prolonged conflict in Sudan, a major market for its exports, will add to its economic hardships.

Dubai port

Dubai’s DP World signs deals with China seaport companies in latest push

Ningbo-Zhoushan port said it will boost its Dubai station project as part of China’s Road and Belt Initiative.

United Arab Emirates

Indian Prime Minister Narendra Modi (R) shakes hands with Saudi Crown Prince Mohammed bin Salman prior to a meeting at Hyderabad House in New Delhi on February 20, 2019. - Saudi Arabia's Crown Prince Mohammed bin Salman received a warm welcome in India on February 20, with Riyadh eager to demonstrate it is not an international pariah after the murder of journalist Jamal Khashoggi in October. (Photo by MONEY SHARMA / AFP) (Photo credit should read MONEY SHARMA/AFP via Getty Images)

In Saudi, US embraces a West Asia architecture with India, UAE

New relationships across the continent may promote both economic development and security.

This picture shows the swimming pool of a luxury villa for sale on one of the Palm Jumeirah man-made island, on the coast of the Gulf emirate of Dubai, on May 19, 2021. - Dubais property market is powering out of a six-year malaise as "lockdown dodgers" and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery. Luxury villas are the hottest segment in the market, with European buyers in particular seeking homes on Dubais signature Palm Jumeirah man-

Dubai’s real estate, cost of living conundrum creates opportunities for Gulf rivals to capitalize

The UAE’s red-hot real estate market could price out many expats and drive them towards neighboring countries, greatly impacting the regional competition to become a global business hub.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

NATALIA KOLESNIKOVA/AFP via Getty Images

Russia’s Tatneft makes new oil discovery in Libya

Russia and the controversial military contractor Wagner Group have longstanding interests in Libya’s oil, but instability has hurt the ability of Russian oil companies to operate in the North African country.

Lionel Messi Argentina

FC Barcelona 'hugely confident' on Messi return despite Saudi bid

The Catalonian soccer team are in a tug-of-war with Saudi Arabian team Al Hilal to snap up the 2022 World Cup winner.

UAE China flags

HSBC projects strong China-Middle East economic growth

In 2021, trade between countries of the Gulf Cooperation Council (GCC) and China surpassed GCC trade with the United States and Europe for the first time, according to the IMF.

GIUSEPPE CACACE/AFP via Getty Images

Analysis

Saudi Aramco, high-value IPOs face impending pressure in 2023

The United Arab Emirates saw the world’s largest IPO of first quarter 2023, with ADNOC Gas PLC raising $2.5 billion on the Abu Dhabi Securities Exchange.

By Salim A. Essaid

A man walks past a shop selling replicas of Ancient Egyptian statuettes, figurines, and canopic jars at the Khan el-Khalili bazaar area in Egypt's capital Cairo on June 3, 2021. - Pyramids, Tutankhamun masks, Nefertiti busts -- Egypt's souvenir craftspeople are pinning their hopes on a new lease of life, after tourism was battered by the coronavirus pandemic. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Egypt: Leading textile executive pushes for low-interest loans to save industry

Textile manufacturing is Egypt’s second-largest industry, but it was severely impacted by the pandemic and now the country’s economic downturn.