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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

LIONEL BONAVENTURE/AFP via Getty Images

Analysis

Fitch maintains Saudi Arabia's A+ credit rating, but how secure is it?

The kingdom's oil dependence, World Bank governance indicators and vulnerability to geopolitical shocks have improved but remain weaknesses, the ratings agency noted.

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

This picture taken on on Feb. 1, 2021 shows a view of the downtown Dubai skyline, with Burj Khalifa, as seen from the Dubai Frame vantage point.

Wealthy flock to UAE, fueling Dubai’s 32% company surge: What to know

Gulf states are diversifying their economies away from reliance on oil, and the UAE is leading the charge, with the country on track to welcome nearly 10,000 high-net-worth individuals this year.

United Arab Emirates

BEIJING, CHINA - MAY 30: Chinese President Xi Jinping and United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan review the honour guard during a welcome ceremony at The Great Hall of People on May 30, 2024 in Beijing, China. (Photo by Tingshu Wang - Pool/Getty Images)

UAE’s AD Ports Group opens first China office: What to know

UAE-China trade relations are on the rise amid persistent US scrutiny over sensitive technology.

United Arab Emirates

GIUSEPPE CACACE/AFP via Getty Images

Saudi mining licenses soar as kingdom hunts critical metals: What to know

The Saudi government has cleared hurdles for the mining industry in its pursuit of critical materials.

Saudi Crown Prince Mohammed bin Salman is greeting Syria’s interim president, Ahmad al-Shara, left, during his arrival on Sunday at the royal palace in Riyadh, Saudi Arabia

Saudi Arabia pledges $6B investment, to sign 47 deals with Syria: What to know

The event is a milestone for Syria-Saudi relations and the deals coming out of it are expected to help create 50,000 jobs across the country.

An image of Karim Attiyeh.

Meet Karim Attiyeh, youngest Arab American billionaire of Lebanese origin

Karim Attiyeh, a Lebanese-born technologist, has been named by Forbes Middle East as the youngest billionaire of Arab origin in the United States, joining the list of the 125 richest immigrant billionaires in the US.

BAKR ALKASEM/AFP via Getty Images

Saudi Arabia to invest $6B in Syria in boost to Sharaa: What to know

The kingdom has been at the forefront of diplomatic and economic efforts to support Syria's recovery.

A man carries the Syrian and the Saudi flags past a billboard thanking Qatar, in Damascus, on May 14, 2025.

Saudi Arabia offers travel permits to Syrian businessmen, investors: What to know

Syrian entrepreneurs can now directly apply for travel licenses at the Saudi Embassy in Damascus, while Saudi investors seeking to visit Syria can register via the Interior Ministry’s e-platform.

An export train to Russia and China leaves the Ankara station, on Jan. 29, 2021.

Turkey secures $2.8B green financing for Azerbaijan railway: What to know

The 223-kilometer railway will connect to the existing train route that joins Turkey’s northeastern city of Kars and the Georgian and Azerbaijani capitals of Tbilisi and Baku.

A flame from a Saudi Aramco oil instillation known as "Pump 3" is seen in the desert near the oil-rich area of Khouris, 160 kilometers east of the Saudi capital Riyadh, on June 23, 2008.

Saudi crude oil exports hit 3-month high as production soars: What to know

The increase comes as the kingdom is reeling from negative effects of lower oil prices and production boosts from OPEC+ under US pressure.

Boats sail near the shore in the Egyptian Red Sea resort city of El-Gouna, on Nov. 1, 2024.

Egypt pitches new investment plan to US firms: What to know

Egypt is hunting foreign investment as part of its Vision 2030 strategy for sustainable development.

Iraqi workers tend to a pipe at the Iraqi-Turkish pipeline in Karkuk, northern Iraq, Dec. 1, 2000.

Why Turkey plans to end its 52-year oil pipeline deal with Iraq

The Turkish decree stipulated that the 1973 Turkey-Iraq Crude Oil Pipeline Agreement — along with all amendments to the deal — would be terminated effective July 27, 2026.