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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

An aerial view shows the Central Business District (Ruwi) in the Omani capital Muscat on April 9, 2021. (Photo by Haitham AL-SHUKAIRI / AFP) (Photo by HAITHAM AL-SHUKAIRI/AFP via Getty Images)

Investors eye state energy firm OQ as Oman stock market poised for take off

Oman's stock market is back on investors' radar after its largest IPO in over a decade saw state energy company OQ raise $244 million.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

People take picture from a observation bridge of Rain Vortex as a train passes at Jewel Changi airport in Singapore on December 7, 2022. (Photo by Roslan RAHMAN / AFP) (Photo by ROSLAN RAHMAN/AFP via Getty Images)

Qatar loses 'World’s Best Airport' to Singapore, Turkey's Istanbul climbs to 6

Most Gulf Cooperation Council city airports went up in rank from last year's SKYTRAX’s World Airport Awards.

Egypt port

Egypt signs $1.6 billion deals with China, EU companies to develop sea ports

The Egyptian government wants its Red Sea and Mediterranean ports to help boost the economy amid rising inflation and declining foreign currency reserves.

Russian President Vladimir Putin meets with his Syrian counterpart Bashar al-Assad at the Kremlin in Moscow on March 15, 2023.

Syria, Russia to sign 40 investment deals after Assad’s visit

Syrian President Assad also said in an interview with Sputnik that he would not meet with Turkish President Erdogan until Turkey removes its troops from Syria.

A worker in an oil field developed by Almetyevneft, an oil and gas production board (NGDU) of Tatneft.

Oil sinks below $75 a barrel, lowest price in more than a year

The news follows the Saudi National Bank declining to inject more money into the struggling Credit Suisse, as well as Silicon Valley Bank’s failure.

Peugeot 207 and 206 cars are parked at a hangar after exiting production lines at the Iran Khodro auto plant, west of the Iranian capital Tehran, on August 14, 2022. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iran's automotive 'mega project' will have limited impact

The Iranian government plans to sell 500,000 cars directly to consumers in order to limit the influence of intermediaries and reduce market prices. Here's why that won't work.

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

People walk past the headquarters of ByteDance, the parent company of video sharing app TikTok, in Beijing on September 16, 2020. - Silicon Valley tech giant Oracle is "very close" to sealing a deal to become the US partner to Chinese-owned video app TikTok to avert a ban in the United States, President Donald Trump said on September 15. (Photo by GREG BAKER/AFP via Getty Images)

UAE’s G42 buys $100 million share in China's ByteDance, parent of TikTok

ByteDance, the parent company of TikTok, has seen its value fluctuate, predominantly due to investor uncertainty caused by a possible ban on TikTok in the United States.

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on March 15, 2023, in New York City.

Saudi National Bank will not increase stake in Credit Suisse after shares drop

Credit Suisse’s financial struggles follow the collapse of Silicon Valley Bank and could likewise have ramifications for the Middle East.

JOSEPH EID/AFP via Getty Images

Lebanon’s bank chief charged with corruption, snubs EU investigators

Visiting Beirut, World Bank’s regional Vice President Ferid Belhaj has set three conditions to reconsider financing the country’s dilapidated electricity sector.

The exterior of a 787 Dreamliner at the Boeing manufacturing facility in North Charleston, on December 13, 2022. - Betting on robust demand for international travel, United Airlines on Tuesday unveiled an order of 100 new Boeing 787 Dreamliners with options for an additional 100 jets. (Photo by Logan Cyrus / AFP) (Photo by LOGAN CYRUS/AFP via Getty Images)

Saudi Arabia to buy 121 Boeing-787s in ‘historic’ $37 billion deal

The agreements make up the fifth-largest commercial order by value in Boeing’s history and is valued at nearly $37 billion.

Lebanese protesters demonstrate against the monetary policies of Lebanon's Central Bank governor in the capital Beirut on January 25, 2023. - European investigators will question Lebanon's central bank chief Riad Salameh (portraits) next month as part of a probe into his and his brother's affairs, a judicial official told AFP earlier this week. Investigators from France, Germany and Luxembourg heard witnesses in Beirut last week as part of the case of suspected financial misconduct including possible money

Lebanon's pound hits new bottom, ahead of Riad Salameh interrogation

A French judge arrived in Lebanon this week to question central bank head Riad Salameh over his alleged financial crimes.

This picture taken on May 13, 2013 shows untreated phosphate being dropped off on a montain at the end of a conveyor belt at the Marca factory of the National Moroccan phosphates company (OCP/public), near Laayoune, the capital of Moroccan-controlled Western Sahara. - As a global leader in the market for phosphate and its derivatives, OCP has been a key player in the international market since its founding in 1920, the worlds largest exporter of phosphate rock and phosphoric acid and one of the worlds large

Morocco’s phosphate giant OCP put to test as Africa’s fertilizer market heats up

Global players are taking an interest in the African fertilizer market, putting the dominant position of Morocco's phosphate producer to the test.

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business