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Economy & Business

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha, on June 22, 2026.

Qatar locks in US LNG through 2054 as it looks beyond Hormuz

The Gulf state agreed to buy up to 4 million tons of US liquefied natural gas annually through 2054.

Saudi Arabia football supporters wave flags

China-Saudi consortium wins $306M World Cup stadium deal: What to know

The project is a vote of confidence to Saudi Arabia's ambitious Vision 2030 agenda to diversify the economy away from oil, despite an uptick in attacks by Yemen's Houthi rebels on the kingdom in recent weeks.

The Chinese-flagged container shipping vessel Hui Fa transits the Gulf of Oman off the coast of Khor Fakkan in the emirate of Sharjah east of the UAE, on Oct. 13, 2026.

Gulf oil exports surpass prewar levels despite escalating tanker attacks

According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million.

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

Latest News

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

Benoit Tessier / AFP via Getty Images

Explainer

Indonesia first foreign country to own property in Saudi Arabia's Mecca

Vehicles move along a main street in Saudi Arabia's holy city of Mecca on Sept. 16, 2026.

Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks

FAYEZ NURELDINE/AFP via Getty Images

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Algeria can achieve energy security and growth, but Sonatrach must change

Pro: To take advantage of higher energy costs and demand, Algeria's state-owned oil and gas company will need to make these fundamental reforms.

Gerald Kepes

In Washington, DC, reporting on regional energy trends

A general view taken on Dec. 17, 2014, shows pollution hovering over Egypt's Nile River.

New World Bank grant to help Egypt manage Cairo's air pollution

A 2022 report published by the American University of Cairo described Cairo's air quality as a "direct threat to public health.”

Boats are anchored in the Dubai Creek surrounded by high-rise buildings in the Gult emirate, on February 18, 2023. - Home to towering skyscrapers and ultra-luxury villas, Dubai saw record real estate transactions in 2022, largely due to an influx of wealthy investors, especially from Russia. (Photo by KARIM SAHIB/AFP via Getty Images)

UAE's Dubai ranks fourth in luxury residential sales in 2022

Luxury home sales that exceeded $10 million each in Dubai amounted to 219 in 2022, only ranking behind New York (244), Los Angeles (225) and London (223).

A horse feeds near solar panels used to power irrigation pumps along the Afir agricultural canal near the city of Kafr el-Dawwar in Egypt's northern province of Beheira on October 12, 2022. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

As COP28 approaches, 'clock is ticking' on Middle East clean energy cooperation

Regional collaboration on clean energy is building within the Middle East and growth opportunities look bright as the UAE prepares to host the next UN climate summit.

A fisherman sells his fish at a public market where customers shop in the historical district of Ulus in Ankara on December 30, 2022. (Photo by ADEM ALTAN/AFP via Getty Images)

Turkey's economy grows 5.6% in 2022, but labor’s income share shrinks

In a sign of deepening income disparities, the share of Turkey’s labor force from the national income has dropped to 26.5%, a far cry from 36% in 2016.

Abraj Energy Services.

Oman's Abraj signs energy deal with Saudi's Chevron, Kuwait's Gulf Oil

Oman’s Abraj Energy Services will also sell a major stake on the Muscat Stock Exchange soon.

Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, Egyptian President Abdel Fattah El-Sisi and United Nations Secretary-General Antonio Guterres attend the Sharm El-Sheikh Climate Implementation Summit (SCIS) of the UNFCCC COP27 climate conference on November 07, 2022 in Sharm El Sheikh, Egypt. (Photo by Sean Gallup/Getty Images)

UAE, Egypt, Jordan, Bahrain sign 12 industrial agreements worth $2 billion

The third Higher Committee Meeting of the Industrial Partnership for Sustainable Economic Development wrapped up in Amman with 12 new agreements on industrial projects.

This photograph taken on February 9, 2023 shows the nuclear power plant of Golfech in the southwestern of France. (Photo by MATTHIEU RONDEL/AFP via Getty Images)

Saudi Arabia moves forward with bids for nuclear plant

The kingdom has received bids to build its first nuclear power plant and South Korea is reportedly expressing interest.

New banknotes of Israel background.

Analysis

Israel raises interest rates in eighth consecutive hike in 10 months

Fighting rising inflation, Bank of Israel Gov. Amir Yaron took the unpopular decision of increasing the interest rates to 4.25%.

Danny Zaken

In Ma'ale HaHamisha, reporting on Israel

LEBANON-VOTE A Lebanese army soldier mans the turret of a humvee (HMMWV) while on patrol in the southern city of Nabatiyeh, on May 15, 2022 during the national parliamentary elections. (Photo by Mahmoud ZAYYAT / AFP) (Photo by MAHMOUD ZAYYAT/AFP via Getty Images)

Lebanon’s army suffers with currency collapse as desertions mount

The drastic devaluation of wages threatens soldiers’ performance in the tumultuous period Lebanon is going through.

TOPSHOT - A picture shows a view of the Dubai skyline, including Burj Khalifa the worlds tallest building, in the United Arab Emirates, on June 20, 2022. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Emerging Gulf tax order to challenge family businesses

Increasing taxation across the GCC will be felt most acutely by family-owned businesses that have turned non-universal taxation to their benefit for decades.

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

The Dubai metro track is seen along Dubai's Shiekh Zayed road on September 09, 2009, as the UAE opens its new metro network in a bid to cut dependency on cars and ease congestion. Dubai is the first city in the oil-rich Gulf to introduce rail as a commuting option. (Photo by KARIM SAHIB/AFP via Getty Images)

New rail network on track to bring billions into UAE economy

The railway will serve the UAE’s sustainability goals by reducing carbon emissions in the road transportation sector.