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Economy & Business

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Australian LNG deal marks latest step in Turkey's energy diversification push

Although Turkey does not have abundant oil and gas resources, Ankara wants to position itself as a regional gas hub linking Europe and Asia.

A picture taken from a station of Dubai's Palm Monorail shows traffic on a road in Palm Jumeirah on Aug. 28, 2025.

Feature

Cheap oil, tighter finances, wars constrained Mid East economies in 2025

Low oil prices, tighter financial conditions and elevated geopolitical risk hampered growth across much of the Middle East and North Africa this year.

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

View of Damietta Segas LNG Terminal, in Damietta, Egypt, which is an export terminal belong to Spanish Egyptian Gas Company.

Analysis

Egypt’s $35B Israel gas deal buys time, tests fragile energy partnership

The agreement is a critical stopgap as Cairo grapples with domestic power demands, but the last two years have tested Egypt-Israel energy cooperation in unprecedented ways.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Turkey hits renewable milestone as solar surpasses gas in power capacity

Employees install new solar panels at the Kalyon Energy's Karapinar Solar Power Plant on December 02, 2021 in Karapinar, Turkey.

Analysis

Gulf finance hubs race to expand as hedge funds flock to Dubai, Abu Dhabi

Traffic moves on Sheikh Zayed Road in Dubai on March 24, 2025.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Maersk resumes Red Sea passage after two-year halt amid easing Houthi threat

A ship sails along Egypt's Suez Canal near Ismailia, April 16, 2025.

Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint

Solar panels in a Sinai desert, Egypt.

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

Sebastian Castelier

In Dubai, reporting on regional business

Jennifer Gnana

Gulf Correspondent

In Dubai, reporting on Gulf energy policy and politics

A huge banner bearing portraits of Iran's supreme leader Ayatollah Ali Khamenei (L) and his predecessor, the founder of the Islamic republic, Ayatollah Ruhollah Khomeini (R), is seen on a building being constructed at phase 15 and 16 of South Pars gas field development in the southern Iranian port town of Asaluyeh on July 19, 2010 as a top official announced that global energy majors are welcome to help develop oil and gas projects in Iran despite new sanctions imposed on the Islamic republic. AFP PHOTO/ATT

Russian Gazprom's deal with Iran could prompt further cooperation

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Dubai skyline

UAE Central Bank announces more sanctions

The Emirates is seeking to improve its record on financial transparency after being implicated in money laundering and sanctions evasion controversies.

Conservative and reformist newspapers in Tehran on Sept. 18, 2021.

Iranian trade with China on the rise

China is focused on improving its economic ties with Iran as opposed to security cooperation.

An Egyptian farmer holds harvested wheat in Qursaya island on May 16, 2022, in Cairo, Egypt.

Egypt diversifies wheat suppliers as large international purchases resume

Cairo halted tenders after the steep rise in prices that followed the outbreak of war in Europe, but since June it has locked in new large quantities that also show which countries are filling the gap left by Ukraine.

Tel Aviv bakery

Israeli government retreats on bread-price controls

The global rise in prices of flour and other products havs affected the cost of bread in Israel, some of which has long been regulated.

Salman Mitsotakis

Saudi Arabia signs energy agreement with Greece

Another purpose of Saudi Crown Prince Mohammed bin Salman's visit is to seek greater economic and technological cooperation with Greece.

A picture taken on March 17, 2022, shows a view of the skyline of the Bahraini capital city of Manama.

Bahrain joins UAE’s industrial partnership

Jordan and Egypt are already part of the group, which aims to establish joint industrial projects.

Demonstrators hold up posters in front of Jordanian policemen during a protest near the prime minister's office in Amman, Jordan, on June 6, 2018.

Inflation up more than 3% in Jordan during first half of 2022

The inflation rates in Turkey, Egypt and other countries in the region are considerably higher.

Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf emirate of Dubai, on March 10, 2022. - Art Dubai, the Middle East's largest annual contemporary art fair, featured for the first time digital works, as the wealthy Gulf emirate seeks to position itself as a crypto-assets hub. - RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by Karim SAHIB / AFP)

UAE's crypto push seeks to draw in high-net-worth individuals

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

OLEKSANDR GIMANOV/AFP via Getty Images

Russia reassures Egypt on wheat exports after Odessa attack

The Russian missile attack on Ukraine’s port of Odessa came just a day after Turkey brokered a deal on safe passage of wheat exports from the war-torn country.

Obsolete Turkish lira banknotes.

How realistic are Ankara’s hopes of trading in Turkish liras?

While the Turkish lira continues to tumble, Turkey’s currency swaps with China and other countries have failed to live up to their stated objective of boosting trade in local currencies, official data show.

Ras al-Khaimah

UAE doubles tax inspections in first half of 2022

The Gulf state is seeking to increase its financial transparency and boost tax revenue.