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Economy & Business

This picture taken on December 11, 2019, shows an oil tanker at the port of Ras al-Khair, about 185 kilometres north of Dammam in Saudi Arabia's eastern province overlooking the Gulf. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Saudi Arabia advances gas ambitions as $100B Jafurah plant comes online

The Finance Ministry reported that initial output at the massive Jafurah gas field has begun, with a capacity of 450 million cubic feet per day.

An aerial view shows the destruction across Yarmouk camp, Damascus, Syria, on Nov. 8, 2025.

What role is Jordan playing in Syria's reconstruction?

As Syria’s southern neighbor, Jordan is already positioning itself as a logistics hub and diplomatic broker for Syria’s reconstruction.

RICHARD A. BROOKS/AFP via Getty Images

Saudi PIF eyes $27B Japan portfolio as kingdom courts Asian investment

Saudi Arabia is strengthening economic ties with Asian countries as it pursues its economic transformation goals.

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

Spots of gold-rich ore speckle a stone pictured during a press tour at the Al-Amar Gold Mine, in the Riyadh region on May 28, 2008.

Analysis

US-Gulf critical minerals ties grow in bid to weaken China’s grip on industry

Saudi Arabia and the UAE are emerging as indispensable partners to the United States in its efforts to “friend-shore” a strategic sector and supply chains dominated by China.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Saudi Arabia opens Nomu Parallel Market to new investors: What to know

A man monitors the board at the Stock Exchange Market (Tadawul) bourse in Riyadh, Dec. 12, 2019.

Jordan-Syria trade surges as Damascus restores transit routes

Salah Malkawi/Getty Images

UAE showcases global AI ambitions with $1B Africa pledge at G20

His Excellency President CyrilRamaphosa welcomes G20 Heads of State and Government to the G20 Leaders’ Summit, hosted by South Africa at the Johannesburg Expo Centre in Gauteng, on Nov. 22, 2025.

United Arab Emirates

Analysis

Iraq’s economic future in limbo as paralysis looms post-election

People drive past election billboards in Baghdad, Oct. 14, 2025.

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

Sebastian Castelier

In Dubai, reporting on regional business

Jennifer Gnana

Gulf Correspondent

In Dubai, reporting on Gulf energy policy and politics

An Iranian taxi driver cools down by splashing water on his face on a street amid soaring temperatures in Tehran on July 22, 2025.

Iran to close public offices as temperatures pass 105 F: What to know

Iranian officials are seeking to reduce public energy consumption as water levels decrease throughout the country and power cuts persist.

FAYEZ NURELDINE/AFP via Getty Images

Aramco's Q2 profits fall 22% as lower oil prices weigh on earnings

Saudi Arabian crude exports have been soaring, hitting a three-month high last month, though oil prices remain low.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE’s ADNOC inks 10-year gas deal with India: What to know

The UAE is seeking to export more gas to India as domestic consumption is projected to rise in the South Asian country.

United Arab Emirates

This picture shows old Iranian banknotes of 1 million, 500,000,and 100,000 rials (L), and the new banknotes with four zeros removed (R), on Aug. 3, 2025.

Iran mulls nixing zeros from currency as value plunges: What to know

Iran has experienced massive inflation in recent years and is now contending with an energy crisis as well.

People shop at a local street market in Istanbul, Turkey, May 3, 2023.

Turkey’s inflation falls to four-year low of 33.5%: What to know

Treasury and Finance Minister Mehmet Simsek said on X that annual inflation had fallen to its lowest level in 44 months.

JOSEPH EID/AFP via Getty Images

Egypt inks offshore oil and gas deals with Eni, BP: What to know

Egypt faces growing energy vulnerability due to declining natural gas production and heavy reliance on imported supplies.

INDRANIL MUKHERJEE/AFP via Getty Images

Middle Eastern countries face new Trump tariffs: What to know

European and Asian markets fell again on Friday amid a broad selloff due to the economic uncertainty caused by the tariffs.

Lufthansa Airbus A 340

Mideast airlines see 0.4% dip amid Iran, Gaza wars, as global demand up 2.6%

Conflict-related airspace closures and regional tensions disrupted airlines based in the Middle East.

WASHINGTON, DC - JULY 29: U.S. President Donald Trump walks across the South Lawn of the White House followed by granddaughter Chloe after returning on Marine One on July 29, 2025 in Washington, DC. President Trump returned to the White House with his family after a trip to Scotland that was part vacation, part work, as he stayed at his Trump Turnberry golf course, followed by Trump International Golf Links in Aberdeenshire, from July 25 to 29. (Photo by Anna Moneymaker/Getty Images)

Analysis

Middle East braces for Trump's tariffs: Gulf gains, North Africa strains as both hedge

The tariffs could be wins for the Gulf states, as many have trade surpluses with the United States, while some in North Africa and the Levant, with trade deficits, stand to lose.

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

A train moves during the inauguration of a 140-kilometer line running from eastern Iran into western Afghanistan, at a railroad station in Khaf, on Dec. 10, 2020.

China steps in to help electrify Iran’s railways: What to know

Iran’s First Vice President Mohammad Reza Aref met with members of the Iran-China Joint Chamber of Commerce on Monday as ties grow.

Men inspect an electric car at a showroom in Riyadh on June 8, 2024.

Interview

Growing Chinese competition in Mideast car market 'key challenge,' Ford says

Chinese automotive companies are increasing their market share and are projected to capture 34% of the Middle East and Africa market by 2030, according to one analysis.

Ravi Ravichandran

Ravi Ravichandran

President of Ford Middle East and North Africa

Kuwaiti traders follow the stock market activity at Boursa Kuwait, in Kuwait City, on April 7, 2025.

Mideast private equity down 38%, but higher-value deals dominate

Saudi Arabia was the region’s most active market with 13 transactions, followed by the UAE with 12.