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Economy & Business

Jag Vasant, an Indian-flagged tanker carrying liquefied petroleum gas (LPG) that transited through the Strait of Hormuz amid the Middle East war, remains docked at an offloading terminal along the coast in Mumbai on April 1, 2026.

Uptick in Chinese tankers transiting Hormuz amid Trump-Xi summit

President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday, a meeting closely watched in Iran.

United Arab Emirates

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

Latest News

EU restores economic pact to pursue fuller trade ties with Syria

Kaja Kallas

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

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

Abu Dhabi announces nearly $1 billion drilling contract

Oil and gas remain a major part of the Emirati economy, despite recent investments in renewable energy and green technology. The contract comes as the UAE gets ready to provide gas to Germany amid the war in Ukraine.

United Arab Emirates

Iran rials

Iran wants to use national currencies with Caspian states

At the Caspian Economic Forum, Iran promoted the idea, which would allow it to evade international financial sanctions.

Russian nuclear energy in the Middle East heats up

In Washington, DC, reporting on regional energy

In this file photo taken on Oct. 22, 2019, boats are pictured along the riverbank and off the water of the Nile River.

Egypt venture capital firm for startups develops solutions to climate change

The Climate Resilience Fund targets nature-positive and sustainable projects that address mainly land and sea misuse.

KHALED DESOUKI/AFP via Getty Images

Egypt restricts dollar withdrawals amid liquidity crunch

Egypt’s foreign reserves have fallen considerably amid the economic crisis and Russia-Ukraine war.

Workers hang their laundry out to dry on the railings of their labor accommodation, Dubai, United Arab Emirates, May 27, 2022.

UAE touts new domestic workers law

The UAE, like other Gulf countries, has faced criticism for its treatment of foreign workers.

United Arab Emirates

Inmates performing in a band are seen during a government-guided tour for the media,at the Correctional and Rehabilitation Center in Badr city, east of Cairo, Egypt, Jan. 22, 2022.

Egypt's released political prisoners get economic aid

A presidential initiative puts former political detainees on economic track after their release.

Russian tourism

Egypt freezes Russian MIR payments to avoid US sanctions

Acceptance of MIR bank cards would have eased Russian tourists’ payments inside Egyptian hotels and resorts.

Egyptian farmers harvest wheat in Bamha village near al-Ayyat town in Giza province, Egypt, May 17, 2022.

Egypt claims wheat self-sufficiency despite Ukraine war

Over the past three months, Egypt has bought 3.5 million tons of wheat from local farmers as it works to achieve self-sufficiency and weather the effects of the global crisis caused by the Russian war on Ukraine.

Israel gas

More gas discovered off coast of Israel as Lebanon talks falter

Energean’s discovery follows a setback in the US-mediated negotiations between Israel and Lebanon over their maritime border.

MENA gas

The natural gas substitution: The Middle East's opportunity to replace Russian gas to the EU

Iranians walk past Sepah Bank in the capital Tehran, on June 15, 2022. - Iran has been wrestling with rampant price growth for years, exceeding 30 percent annually every year since 2018, according to the International Monetary Fund. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iran's banking sector faces hurdles to reconnect to global financial system post-sanctions

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics