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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

Saudi Crown Prince Mohammed bin Salman (4th R) attends a meeting with Chinese President Xi Jinping (3rd L) at the Great Hall of the People in Beijing on February 22, 2019. (Photo by HOW HWEE YOUNG / POOL / AFP) (Photo credit should read HOW HWEE YOUNG/AFP via Getty Images)

From roads to routers: The future of China-Middle East connectivity

Latest Trend Report: China is deepening its engagement in the Middle East, and the region, by and large, is welcoming it.

Qatar Economic Forum

Qatar forum warns of economic downturn, shift in cryptocurrency

One Qatar Economic Forum participant says it will take at least a generation to reach a point where the world can depend on clean power.

Turkey elections

Turkey Elections: Fears of internet restrictions mount with over a dozen under Erdogan

With a critical presidential election runoff on Sunday, Turks are on high alert for potential censorship and internet shutdowns.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

ADNOC boosts Middle East IPO activity as Saudi Aramco debates next moves

Amid an enduring global IPO slump, the Middle East continues to produce new listings in 2023 — headlined by Abu Dhabi’s national oil company ADNOC with the largest IPO globally of Quarter 1.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

UAE Sultan Al Jaber

UAE unlikely to remove oil CEO as COP28 head despite Western protests

With his experience in both renewables and fossil fuels, the United Arab Emirates sees Sultan Al Jaber's role as important in bridging climate negotiators' interests and creating energy company buy-in.

United Arab Emirates

Qatari men walk next to a Qatar Airways cargo airplane on the tarmac of Hamad International Airport near the capital Doha, as the first commercial flight to Saudi Arabia in three and a half years following a Gulf diplomatic thaw prepares to take off, on January 11, 2021. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

Qatar Airways struggles to rebound in China with post-COVID labor shortages

CEO Akbar Al Baker said that his airline was seeing a huge demand for travel post-pandemic but a “massive shortage” of capacity due to supply chain issues.

Chairman of the Indonesian People's Consultative Assembly Bambang Soesatyo (R) meets Iranian President Ebrahim Raisi (L) in Jakarta, on May 23, 2023, during Raisi two-day state visit to the most populous Muslim country.

Iran's Raisi visits Indonesia, announces agreement to ditch dollar

The Iranian government has signed a dozen agreements with Indonesia, pressing ahead with its pushback on sanctions that has also involved strategic deals with China, Russia and India.

KARIM JAAFAR/AFP via Getty Images

Qatar rolls out $275M market program in latest foreign investment push

The Qatar Investment Authority is setting up a market-making initiative to draw in more foreign investor interest and build up its capital markets.

A Lebanese anti-government protester hold a mask of Lebanon's Central Bank Governor Riad Salameh during a protest in front of the central bank headquarters in Beirut to protest against the economic policies of the bank on November 27, 2019. - Since September, debt-saddled Lebanon has had a liquidity crisis, with banks rationing the supply of dollars. As a result, the dollar exchange rate on the parallel market has topped 2,000 Lebanese pounds -- a spike from the pegged rate of 1,507. (Photo by JOSEPH EID /

Double trouble: Lebanon’s Salameh gets second arrest warrant from Germany

Riad Salameh is under increased scrutiny in Europe on suspicions of money laundering at a time Lebanon is grappling with a deteriorating financial and economic crisis.

Egypt bank

Egypt’s mounting debt raises doubts amid stalled reforms and inflows

High allocations and revenues tied to debt in the draft budget for the next fiscal year are causing concern at home and abroad.

This picture taken on Aug. 23, 2022, shows a view of the exterior of the headquarters of the Bank of Israel.

Israel raises interest rates to highest level since 2006

The Israeli economy was also affected by the government’s controversial judicial reform plans earlier in the year, though the situation may normalize following the reform’s pause.

LONDON, ENGLAND - MAY 21: Angelo Ogbonna of West Ham United battles for possession with Rodrigo Moreno of Leeds United during the Premier League match between West Ham United and Leeds United at London Stadium on May 21, 2023 in London, England. (Photo by Julian Finney/Getty Images)

Qatar’s Sheikh Jassim awaits Manchester United decision as West Ham rumors swirl

A report by El Pais linked the Qatari royal to the east London-based team.