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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.

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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

Egypt cotton

Egypt seeks to produce cotton that resists drought better

Ahead of the COP27, Egypt and Uzbekistan hope to cooperate in producing cotton varieties resistant to unfavorable climate conditions.

Iraq slum

How can Iraq help 3.5 million citizens living in urban slums?

The government and parliament in Iraq are working to address the slum housing crisis, facing obstacles and wide social and political opposition.

AMER HILABI/AFP via Getty Images

Saudi, Chinese energy leaders pledge further cooperation

While the United States is upset at Saudi Arabia over its decision to decrease oil production, the kingdom’s energy ties with China are improving.

A picture taken on March 12, 2019, at the Palais des Festivals in Cannes shows a scale model of the city of Dubai.

Russian, British citizens top buyers of nonresidential property in Dubai

The war in Ukraine is driving more Russians to buy property in Dubai’s flourishing real estate market.

United Arab Emirates

Arab fashion

Arab designers respond to demand for sustainable fashion

In addition to new styles, Arab Fashion Week in Dubai also showcased the work of "slow fashion" designers who are trying to reduce the industry's environmental impact.

KHALED DESOUKI/AFP via Getty Images

How OPEC+ production cut will impact Egypt

Experts say the OPEC+ decision to cut oil production won't hit Egypt as hard as some other countries.

Amazon Egypt storefront.

Amazon Egypt launches page for Egyptian handicrafts

Amazon Egypt launched a new page for thousands of Egyptian handicrafts and heritage products, with the aim of supporting and encouraging Egyptian products.

US President Joe Biden delivers remarks on energy.

Biden announces release of oil reserves following Saudi-backed oil cut

One analyst said the move will not elicit a reaction from Saudi Arabia, which is in a dispute with the Biden administration over the recent OPEC+ oil production decision.

An Iranian Turkman worker packages beluga caviar.

Iran renews ban on sturgeon fishing

The endangered fish is used to make caviar. Israel also has a strong caviar export industry.

Israel Barbivai

Israel, Turkey promote increasing bilateral trade

On an official visit to Turkey, Minister of Economy and Industry Orna Barbivai met with her counterparts, advancing the re-convening of the joint economic conference.

HSBC

HSBC launches new banking service for millionaires in UAE

The UAE is attracting more capital and investment, which has also coincided with financial transparency concerns.

Tunisians line up with their vehicles outside a gas station, Tunis, Tunisia, Oct. 13, 2022.

Fuel shortage, long queues anger Tunisians

Tunisians are growing angry amid successive crises, most recently a fuel shortage, while the government sits idle.