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Economy & Business

Saudi Arabia football supporters wave flags

China-Saudi consortium wins $306M World Cup stadium deal: What to know

The project is a vote of confidence to Saudi Arabia's ambitious Vision 2030 agenda to diversify the economy away from oil, despite an uptick in attacks by Yemen's Houthi rebels on the kingdom in recent weeks.

The Chinese-flagged container shipping vessel Hui Fa transits the Gulf of Oman off the coast of Khor Fakkan in the emirate of Sharjah east of the UAE, on Oct. 13, 2026.

Gulf oil exports surpass prewar levels despite escalating tanker attacks

According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million.

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

Benoit Tessier / AFP via Getty Images

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption.

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Explainer

Indonesia first foreign country to own property in Saudi Arabia's Mecca

Vehicles move along a main street in Saudi Arabia's holy city of Mecca on Sept. 16, 2026.

Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks

FAYEZ NURELDINE/AFP via Getty Images

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

How much oil can cushion another Middle East supply shock?

A vessel transits the Gulf of Oman

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

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

OXCCU

British sustainable fuel startup eyes Middle Eastern market

OXCCU looks to lower the cost of sustainable aviation fuel to make it a more attractive option for airlines to buy instead of fossil fuels.

People are seen picking out sheep at a livestock market, in Tunis' Ariana region, ahead of the Muslim festival Eid al-Adha, amid an increase in livestock prices, June 21, 2023.

Eid's price tag: Tunisia’s inflation leaves sheep out of reach for many Muslims

With soaring prices, Tunisian families are struggling to afford the cherished tradition of buying a sheep for the Eid al-Adha holiday.

Saudi Arabia Deputy Crown Prince Mohammed bin Salman (2L) and Chinese President Xi Jinping (R).

Top Saudi officials travel to China to attend 'Summer Davos' as ties deepen

The kingdom’s economy minister and other top officials will participate in the so-called Summer Davos as China-Saudi ties continue to gain momentum.

China solar

How China dominated Iraq's solar energy market

As Iraq continues to struggle to provide electricity to its people, cheap Chinese technology is helping the country, as well as the Kurdistan region, move toward renewables while deepening Beijing's reach in the Middle East.

This photograph taken on June 21, 2023, shows an Airbus A321 XLR airplane.

Analysis

More Middle East aircraft orders expected after quiet Paris Air Show

The IBA industry consultancy firm had expected an order from Turkish Airlines, but the carrier delayed its plans at the last minute by two months.

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

People wait to exchange money at a currency exchange shop on June 23, 2023 in Istanbul, Turkey. The Turkish Lira weakened to a record low of 25.74 against the dollar, a day after the central bank hiked interest rates from 8.5 percent to 15 percent in the first rate decision since the appointment of new central bank governor Hafize Gaye Erkan and the re-election of President Recep Tayyip Erdogan last month. (Photo by Chris McGrath/Getty Images)

Turkey’s smaller-than-expected rate hike comes as relief for banks

Turkey’s new economic chiefs are scrambling to navigate a return to rational policies as the lira continues to tumble, threatening to stoke inflation.

DOHA, QATAR - DECEMBER 15: A man looks out over the Doha skyline on The Corniche during the FIFA World Cup Qatar 2022 on December 15, 2022 in Doha, Qatar. (Photo by Alex Pantling/Getty Images)

Doha, Dubai ranked world’s top two cities for competitive job markets

The United Arab Emirates was the only country to have two cities on the top 10 list with both Dubai and the country’s capital Abu Dhabi at fifth.

Libya cryptomining

Libyan police detain 50 Chinese nationals in crypto farm bust

Media from the Tripoli Attorney General Office’s Facebook page show a dingy-looking, windowless room full of hardware, wires and servers being raided by authorities.

Bradley Beal, #3 of the Washington Wizards, drives around Jared Rhoden, #8 of the Detroit Pistons.

Qatar to buy stake in Washington Wizards, Capitals: reports

The move follows the National Basketball Association allowing sovereign wealth funds to invest in teams and Saudi Arabia’s Public Investment Fund merging its LIV Golf league with the PGA Tour, demonstrating Gulf investors' interest in US sports.

Fishing boats are moored at Karachi port as a part of precautionary measures before the due onset of cyclone, in Karachi on June 14, 2023. More than 40,000 people have been evacuated across India and Pakistan as a cyclone approaches their coast, officials said on June 13, with gales of up to 150 kilometres per hour predicted. (Photo by ASIF HASSAN / AFP) (Photo by ASIF HASSAN/AFP via Getty Images)

UAE signs agreement with Pakistan’s Karachi Port Trust

The Abu Dhabi Ports Group joint venture will invest heavily in the infrastructure development of the Port of Karachi over the next 10 years, with the bulk of it planned for 2026.

United Arab Emirates

An ad for hydrogen-powered cars.

Analysis

Oman sets sights on being Middle East leader in green hydrogen

The International Energy Agency said earlier this month that Oman is looking to significantly increase its domestic production of hydrogen from renewable electricity.

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

People queue to buy olive oil, which is sold cheaply by the Agricultural Products Office in Ankara, among soaring inflation in the country, Feb. 17, 2022.

Turkey hikes interest rates by 6.5 percentage points to 15%

The move by the central bank marks a dramatic departure from President Erdogan's yearslong policy of low rates.