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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.

Latest News

China’s overland trade routes offer Iran wartime economic lifeline: What to know

CN-STR / AFP via Getty Images

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.

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

The German Navy corvette FGS Erfurt (F262) patrols as part of the United Nations peacekeeping force in Lebanon (UNIFIL) off Lebanon's southern town of Naqura close to the border with Israel on October 27, 2022 (Photo by MAHMOUD ZAYYAT/AFP via Getty Images)

TotalEnergies proceeds with gas exploration plans in Lebanon

Lebanon has been eagerly working with the French energy giant since reaching a historic maritime border agreement with Israel in October.

A general view dated 01 June 2004 of an oil installation in Saudi Arabia's northeastern Gulf port of Jubail. The United Arab Emirates (UAE) will increase oil output this month by 400,000 barrels per day (bpd) over its OPEC quota to help ease record prices, Oil Minister Obeid bin Saif al-Nassiri announced 02 June 2004. Nassiri spoke before departing for Beirut where the oil cartel holds a formal meeting tomorrow. Crude oil futures in New York surged 01 June to a record closing price of 42.33 dollars a barrel

Luberef, Aramco set tone for hot 2023 IPO listings in Gulf

Samuel Wendel

In Washington, DC, reporting on regional business and tech

FAYEZ NURELDINE/AFP via Getty Images

Saudi GDP growth continues on back of high oil prices

Saudi Arabia’s non-oil economy is also growing, boding well for its ambitious economic diversification projects.

Aramco stock

Saudi Arabia bucks global slump in IPOs

Despite a slowdown in IPOs in developed markets like the United States and Europe, due to the global economic downturn and stock market volatility, the MENA region and in particular Saudi Arabia are thriving.

A Lebanese national flag flies at half-mast in tribute to victims of a massive explosion in Beirut at the Lebanese embassy in Moscow, Russia, Aug. 5, 2020.

Lebanese expatriates face high passport fees

Many Lebanese expatriates abroad complain about the high fees of renewing passports.

Tamar drilling natural gas production platform is seen some 25 kilometers west of the Ashkelon shore in February 2013 in Israel.

Israeli gas sector strengthens with Chevron, Morocco deals

Israel is already exporting gas to Egypt and Jordan and is now eyeing greater energy ties with Morocco following the Abraham Accords.

A trailer truck filled with sand waits near a dock at the construction site of new residential towers on the Nile island of Warraq in Giza province, opposite the northern shore of Cairo, the slums of which are planned for development by the Egyptian government, Egypt, Aug. 31, 2022.

Egypt embarks on new plans to develop river transport on Nile River

Cairo has recently passed legal reforms to reorganize the river sector, which still remains marginal, in hopes this will catalyze much-needed private investments

ANDREA VERDELLI/AFP via Getty Images

China, Egypt establish civil body to promote mutual investments

The new Egyptian-Chinese Entrepreneurs Association will foster the growing economic relations between Cairo and Beijing as China intensifies its political activities with Washington’s allies in the Middle East.

US investment Middle East

How America invests in the Middle East

A man walks past OPEC headquarters on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held Oct. 5, 2022, in Vienna, Austria.

Oil prices fall to lowest since January despite Saudi-backed production cut

The price decrease could be worrisome for Saudi Arabia and its investment plans.

Chinese President Xi Jinping (R) invites Saudi Arabia's King Salman bin Abdulaziz Al Saud (L) to view an honor guard during a welcoming ceremony inside the Great Hall of the People, Beijing, China, March 16, 2017.

Saudi, Chinese companies sign investment deals on renewable energy, cloud services during Xi’s visit

Xi Jinping’s trip to Saudi Arabia has focused largely on economic and energy ties so far.

Abu Dhabi

UAE business center releases whistleblowing guidelines

The UAE is seeking to improve financial transparency among other major financial changes happening in the Gulf state.