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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

Saudi Miniser of Energy Prince Abdulaziz bin Salman Al Saud addresses delegates during the 2021 climate summit, Glasgow, Ireland, Nov. 10, 2021.

Saudi Arabia offers green bonds in push toward net zero

While the move signals that the kingdom understands the global trends toward "green," its impact on climate action will require further steps.

The Egyptian pound and US dollar banknotes are seen in this photo taken on Aug. 25, 2022.

Can floating Egyptian pound kill foreign currency black market?

Egypt's latest flotation of its currency may rein in its thriving foreign currency black market, but economists cannot see an end to this market in the near future.

Participants attend the Abu Dhabi International Petroleum Exhibition and Conference, Abu Dhabi, Emirates, Nov. 11, 2019.

US, UAE sign clean energy partnership

The agreement unlocks $100 billion in financing.

Aramco exhibition section at the Misk Global Forum on innovation and technology held in the Saudi capital, Riyadh, on Nov. 13, 2019.

Saudi Aramco continues to reap big profits

The Saudi oil giant has been investing in futuristic technology as it benefits from high oil prices.

Samer Haj Yehia (screen), chairman of Israel's Bank Leumi, attends a panel on the third day of the annual Future Investment Initiative conference, Riyadh, Saudi Arabia, Oct. 27, 2022.

Informal ties grow between Israel, Saudi Arabia

With the current rift between Washington and Riyadh, every baby step in informal relations between Israel and Saudi Arabia counts.

Picture taken on Feb. 6, 2018, shows a person holding a visual representation of the digital crypto-currency Bitcoin,

Israeli cryptocurrency market attempts to catch up with global pace

An Israeli crypto firm becomes the first in the country to get a capital markets license.

Panelists including Jordan’s Finance Minister, Emirates NBD’s Chief Economist, and the International Monetary Fund (IMF) Middle East and Central Asia Department Director, discuss the IMF’s newly released Middle East and North Africa outlook report on October 31, 2022.

Middle East countries must do more to recover, say IMF event panelists

While oil producing countries are projected to benefit from a windfall due to high energy prices, for others the coming years "will be more challenging than ever."

(From L to R) Moderator Joha Simpson, BBC world affairs editor broadcaster, author and columnist, UAE Energy Minister Suhail Al Mazrouei, Omani Oil and Gas Minister Mohamed Al Rumhi and Bahrain's Oil and Gas Affairs Minister Mohammed Bin Khalifa Al Khalifa sit on a panel during the Abu Dhabi International Petroleum Exhibition and Conference), Abu Dhabi, Emirates, Nov. 7, 2016.

UAE warns against underinvestment in oil, gas at Abu Dhabi conference

The Abu Dhabi International Petroleum Exhibition and Conference also features more focus on decarbonization and hydrogen.

Vinifest returns to Lebanon with its first physical event since 2019, gathering dozens of wineries at the Beirut Hippodrome, October 2022.

Lebanon’s Vinifest returns as local wineries face uncertain future

The Middle East’s biggest wine industry showcase returns for its 13th edition with its first full physical event in three years, amid Lebanon's harsh economic conditions.

Tunisia economy

IMF loan unlikely to save Tunisia's economy

Funds from the global lender of last resort may be too little, too late.

Saudi Energy Minister Abdulaziz bin Salman Al Saud (L) and UAE's Minister of State and special envoy for climate change Sultan Ahmed al-Jaber.

Saudi Arabia to hold green forums in conjunction with COP27

Saudi Arabia will hold in November the second editions of the Middle East Green Initiative and Saudi Green Initiative summits in Sharm el-Sheikh, on the sidelines of the COP27, in what reflects the growing interest of regional countries to address the effects of climate change.

Twitter

Saudi prince to retain stake in Twitter after Musk takeover

Prince Alwaleed previously criticized Elon Musk’s plan to buy the social media giant, but later changed his tune.