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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.

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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

International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

IMF director credits Gulf, India in boosting global economy

The World Government Summit highlighted critical issues with the global economy and announced flying taxis in Dubai.

Adani

From Israel to Egypt, how Adani Group's downfall could reverberate in Middle East

The Indian tycoon's crumbling empire had made investments in Israel and Egypt, but relations between India and the region may chill if deals go bad.

KIRILL KUDRYAVTSEV/AFP via Getty Images

Explainer: OPEC+ will not boost oil production after Russia cut

Saudi Arabia and other OPEC members are so far not reacting to Russia’s production cut as they stand to benefit from the move.

A general view of the Egyptian Stock Market in the capital Cairo on January 6, 2013.

Egypt plans to sell stakes in 32 state-owned companies within year

The announcement comes as the government is moving to reduce the state’s footprint in the economy, and includes two military-owned enterprises and three banks.

An employee works at the Tunisian Sergaz company, that controls the Tunisian segment of the Trans-Mediterranean (Transmed) pipeline, through which natural gas flows from Algeria to Italy, in El-Haouaria, some 100km east of the capital Tunis, on April 14, 2022.

Is Italy pursuing a 'rebalancing' in North Africa?

Algeria is set to double liquified natural gas exports to Europe as Algeria finesses ties with Italy.

A woman walks out of a currency exchange shop displaying a giant US dollar banknote.

Egypt's economy takes another hit with rating downgrade

Moody’s also said Egypt’s ability to generate domestic funding will help its economic outlook.

LEAP technology conference, Saudi Arabia, Feb. 6, 2023.

China, US deals and robots headline Saudi Arabia's LEAP tech event

China's Huawei, Hectar, Lenovo were among major deals reached at Saudi's flagship technology event.

AHMAD AL-RUBAYE/AFP via Getty Images

Iraq lowers dollar-dinar exchange rate

The Iraqi dinar has been depreciating against the dollar amid restrictions from the US Federal Reserve and other issues.

A picture taken on September 24, 2020 shows the Brega oil port in Marsa Brega, some 270kms west of Libya's eastern city of Benghazi. - Libyas state oil firm lifted force majeure on what it deemed secure oil ports and facilities on September 20, a day after strongman Khalifa Haftar said he was lifting a blockade on oilfields and ports. The blockade, which has resulted in more than $9.8 billion in lost revenue according to the state-run National Oil Corporation (NOC), has exacerbated electricity and fuel shor

Libya’s oil production unlikely to reach 2 million barrels per day ever again

Pro: Libya hopes to increase oil production to over 2 million barrels per day in the medium term. Here's why that is unlikely to happen. (subscriber only, access with free trial)

Gerald Kepes

In Washington, DC, reporting on regional energy trends

Collapsed buildings are seen in Hatay, following the two earthquakes that hit on Monday, Turkey, Feb. 7, 2023.

In Turkey, questions about country's preparedness after massive earthquake

Only 0.5% of spending from the central government budget last year went to programs related to urban improvements and disaster management in quake-prone Turkey.

A man counts Egyptian pounds at a currency exchange shop in downtown Cairo on Nov. 3, 2016.

Egypt’s non-oil sector suffering under high inflation: Report

Egypt is experiencing rising inflation and the depreciation of its currency, but the country’s stock exchange is doing well and the IMF recently agreed to a massive aid package.

Leon Neal/Getty Images

HSBC warns Netanyahu’s judicial overhaul will harm Israel's economy

The leading European bank echoed last week's warnings by JPMorgan over the negative effects the judicial reforms pushed by the current Israel government could have on the country’s economy.