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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

Patrick Pouyanne, CEO, TotalEnergies

TotalEnergies confirms $10 billion investment in Iraq oil fields, solar plant

The long-delayed deal is expected to bolster the regional electricity grid in the south of the country.

TotalEnergies CEO

Iraq to take 30% stake in $27 billion TotalEnergies project

Progress had stalled on multi-million-dollar deal amid disagreements with Iraqi lawmakers over terms.

Workers work on the construction site of the Golden Gate towers at Bahrain Bay in Manama on March 25, 2023. - With a multi-billion dollar economic revamp in full swing, tiny Bahrain is vying to keep pace with its Gulf neighbours after more than a decade beset by political unrest. (Photo by Mazen Mahdi / AFP) (Photo by MAZEN MAHDI/AFP via Getty Images)

Bahrain launches 'Golden License' to attract major investment, jobs

Only companies with major investment and project portfolios will be eligible for the license, with either a $50 million value or a plan to create 500 jobs in the country, according to the Bahrain Economic Development Board.

MARWAN IBRAHIM/AFP via Getty Images

Oil deal reached between Iraq and Kurdistan Regional Government

The Kurdistan Regional Government says an agreement will result in the resumption of oil exports to Turkey after a legal dispute stopped outflows.

A picture taken on September 9, 2022, shows people walking along a street in the Saudi capital Riyadh. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia sees 'steep decline' in demand for large houses

The kingdom's growing younger population is seeking to move out of their family homes earlier to seek jobs elsewhere in the country.

This photograph taken on March 24, 2023 in Geneva, shows a sign of Credit Suisse bank. - The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the size of the resulting megabank could cause domestic problems in Switzerland, the central bank admitted on March 23, 2023. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

Credit Suisse calamity could see Gulf investors shift priorities, avoid banking deals

Credit Suisse’s March meltdown continues to reverberate across the Gulf. Here's how it could impact regional investments going forward.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

In this illustration photo taken on July 18, 2022, Elon Musk's reply tweet to Parag Agrawal, CEO of Twitter.

Saudi firms face 6.7% higher Twitter verification fees than US

Syria, Sudan, Iran, the West Bank and Gaza Strip are not on the price list and appear to be unable to purchase this subscription.

This picture taken on August 23, 2022 shows a view of the exterior of the headquarters of the Bank of Israel, the country's central bank, in Kiryat Ben-Gurion in Jerusalem. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)

Bank of Israel raises interest rate again, warns about judicial fallout

The OECD is predicting GDP growth rate to slow in Israel this year, while the Bank of Israel has worked out different scenarios based on fallout from the judicial reform controversy.

Picture of crude oil storage tanks at the plant of Colombian petroleum company Ecopetrol in Acacias, Meta Department, south of Bogota on February 10, 2023. (Photo by Juan BARRETO / AFP) (Photo by JUAN BARRETO/AFP via Getty Images)

Oil prices rise by 5% after OPEC's surprise output cut decision

Brent Crude had its sharpest price increase in almost a year on Monday after reports that major oil producers will slash their output.

OPEC ministers

OPEC+ likely to maintain output in light of Kurdish oil dispute

Analysts say the OPEC+ alliance is unlikely to cut production and there could be be a oil glut in the second half of 2023.

A man looks at the exchange board at the Stock Exchange Market (Tadawul) bourse in Riyadh displaying Aramco shares on the second day of their trading on December 12, 2019.

Saudi's Aramco could list in Hong Kong as China relations warm

Aramco's latest deals in the Chinese market are fueling speculation that the Saudi giant could be set to list one of its subsidiary companies on the Hong Kong Stock Exchange (HKSE).

Israel technology

Report: Israel tech sector still among world’s strongest

Judicial fallout and layoffs have not hurt the industry's world standing, according to a report from Dealroom.co and Tel Aviv Tech.