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Economy & Business

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

AHMAD AL-RUBAYE / AFP via Getty Images

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports.

Latest News

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Leon Neal/Getty Images

United Arab Emirates

Explainer

What US sanctions on Syria remain as Shibani, Barrack hold talks?

RAMI AL SAYED/AFP via Getty Images

UAE billionaire Habtoor takes aim at Ben Gvir’s Gaza rhetoric

A picture take on Sept. 13, 2017, shows Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, attending the World Premiere of La Perle in Dubai.

United Arab Emirates

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

A stock market ticker displays financial information and world time zones in the lobby of the Tel Aviv Stock Exchange.

Israeli shekel, stocks rally as Netanyahu pauses judicial reform

The right-wing Israeli government’s controversial judicial reform plans have divided Israeli society and led to concerns among the Israeli tech sector and global financial institutions.

Lebanese forces try to prevent protestors from vandalising a private bank during a demonstration by members of the banks depositors committee against monetary policies, on March 24, 2023. - Lebanon's economic meltdown, described by the World Bank as one of the worst in recent global history, has plunged most of the population into poverty according to the United Nations. (Photo by ANWAR AMRO / AFP) (Photo by ANWAR AMRO/AFP via Getty Images)

Lebanon PM reverses daylight saving time decision after 48 hours of anarchy

The decision to postpone the switch to daylight saving time sparked a wide debate in Lebanon, in some cases taking on a sectarian nature.

A man rides a scooter with a woman and two children along a main street adorned with Christmas and New Year's decorations, in the northern suburb of Shubra (home to a large Christian population), Cairo, Egypt, Dec. 31, 2021.

Egypt offers cash for families to control births

The Egyptian government intends to pay 1,000 Egyptian pounds to married women with two children or less annually as part of efforts to curb population growth.

A general view shows the solar plant in Uyayna, north of Riyadh, on March 29, 2018. - On March 27, Saudi announced a deal with Japan's SoftBank to build the world's biggest solar plant. (Photo by FAYEZ NURELDINE / AFP) (Photo credit should read FAYEZ NURELDINE/AFP via Getty Images)

Oman's green hydrogen to face competition from Saudi Arabia, UAE

Oman aspires to be the Middle East's top producer and exporter of green hydrogen as global demand grows. It'll have to go through Saudi Arabia and the UAE first.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

This picture taken on Nov. 17, 2019, shows the Hong Kong-flagged container ship CSCL STAR sailing through Egypt's Suez Canal.

Egypt-China relations strengthen with $2 billion factory deal

China is making major economic inroads into Egypt along with other countries in the Middle East.

Tesla CEO Elon Musk leaves the Phillip Burton Federal Building on January 24, 2023 in San Francisco, California. Musk testified at a trial regarding a lawsuit that has investors suing Tesla and Musk over his August 2018 tweets saying he was taking Tesla private with funding that he had secured. The tweet was found to be false and cost shareholders billions of dollars when Tesla's stock price began to fluctuate wildly allegedly based on the tweet. (Photo by Justin Sullivan/Getty Images)

Elon Musk denies report that Saudi Arabia, UAE intend to invest in SpaceX

An arm of Saudi Arabia’s Public Investment Fund and an Abu Dhabi-based company were reported to be looking to invest in Elon Musk’s SpaceX, according to The Information, which cited people familiar with investor discussions.

People buy traditional lanterns and foodstuff ahead of the holy Muslim month of Ramadan at the market Sayyida Zeinab district, Cairo, Egypt, March 12, 2023.

This Ramadan, food prices change Egypt's longstanding Iftar customs

Surging food prices force Egyptians to strictly stick to the basics ahead of Ramadan.

The Dubai metro track is seen along Sheikh Zayed Road, as the Gulf emirate prepares to open its new metro network in a bid to cut dependency on cars and ease congestion, United Arab Emirates, Sept. 9, 2009.

UAE, Oman call for bids on $3 billion transnational railway project

The move aims to expand the role of the private sector in the state-owned project and promote regional integration, with the project connecting Oman’s Sohar Port with the UAE's National Rail Network.

An oil tanker unloads imported crude oil at Qingdao port in China's eastern Shandong province on May 9, 2022. - China OUT (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

Russia surpasses Saudi Arabia as China’s top oil supplier

Energy-related cooperation between Saudi Arabia and China remains strong, but Russia and Saudi Arabia will continue to compete for the Chinese oil market in the near future.

ISTANBUL, TURKEY - DECEMBER 05: People wallk past a currency exchange shop on December 5, 2016 in Istanbul, Turkey. As the Turkish Lira plunged to record lows in past weeks, President Recep Tayyip Erdogan in a speech Saturday said his political enemies were trying to sabotage the economy and urged citizens to convert their foreign currency savings into lira or gold. Borsa Istanbul, Turkey's main stock exchange, became the first institution to act on the presidents call, converting all it's cash assets to li

Increased gold reserves help stabilize Turkey's currency ahead of May elections

The value of Turkey's gold reserves have reached an all-time high of $50.6 billion and account for almost 40% of the central bank's gross foreign assets.

Piero Cingari

Saudi central bank

Saudi Arabia, Qatar, Bahrain raise interest rates, mirroring Federal Reserve

The US Federal Reserve raised rates by 0.25% on Wednesday, despite concerns about the effect on the global financial climate.

The safety car drives in front of Red Bull Racing's Mexican driver Sergio Perez (L) during the Saudi Arabia Formula One Grand Prix at the Jeddah Corniche Circuit in Jeddah on March 19, 2023. (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Saudi Arabia inks 14 deals at Jeddah Grand Prix in boost to sports industry

The agreements were part of a comprehensive sponsorship program hosted by Invest Saudi, the kingdom’s investment promotion entity. The value of the deals was not disclosed.