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Economy & Business

An aerial view shows port of the western Syrian port city of Latakia, on Dec. 18, 2024.

Analysis

Can a UAE-backed Syria-Iraq corridor become Gulf's next trade route?

On June 26, Emirati and Syrian officials discussed plans for a logistics corridor connecting Syrian ports to Gulf markets via Iraq.

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

Oil drilling near Dakhiliyah in the desert region of Hasakah, Syria, Jan. 25, 2026.

Syria launches gas project with Saudi firm in latest Gulf energy partnership

The project is the latest in a series of Gulf-backed investments aimed at rebuilding Syria's energy sector after the ouster of President Bashar al-Assad in December 2024.

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

Latest News

Trump earns $810M from UAE-backed crypto firm: What to know

People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025.

United Arab Emirates

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

Omar Albaw / Middle East Images / AFP via Getty Images

Here's what to know about Iraq's corruption as Zaidi launches crackdown

AHMAD AL-RUBAYE / AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

AFP via Getty Images

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

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.

Iranian men monitor the stock market at Tehran Stock Exchange on July 1, 2019. (Photo by ATTA KENARE / AFP) (Photo credit should read ATTA KENARE/AFP via Getty Images)

Tehran's stock exchange set to decline further amid ongoing unrest 

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Israeli new shekels.

Israel to work with France against money laundering, terror financing

The memorandum of understanding signed last week between Israel and France is just part of the very extensive battle championed by Israel’s Money Laundering and Terror Financing Prohibition Authority against criminal money laundering and financing of terror activities.

Cancer drugs are seen at a pharmacy, Beirut, Lebanon, Oct. 7, 2022.

Lebanon’s worsening health sector leaves patients suffering

Lebanon's health-care sector is fighting for survival amid an economic collapse, with the lives of patients at risk as critical care facilities have been falling apart and for the majority of the population affording essential medicine has become a luxury.

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

Egyptian pound plummets after interest rate hike, exchange rate change

Egypt is contending with high inflation as the central bank continues to look for a way out of the current crisis.

Mobileye Global, Inc. founder and CEO Amnon Shashua and Intel CEO Pat Gelsinger clap.

Israeli autonomous driving firm goes public

Mobileye’s stock rose on its first day trading on Nasdaq.

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

Egypt seeks new agriculture, food security cooperation with Africa

The Russian war on Ukraine opened a new door for cooperation between Egypt and African countries, especially in the field of agriculture and food security.

Saudi Arabia's Minister of Energy Abdulaziz bin Salman.

Saudi Arabia criticizes Biden over oil reserve release

The US president recently announced that he would sell some emergency oil reserves in response to the Saudi-backed oil supply cut.

Vehicles queue to refuel at a petrol station in Dubai on June 30, 2022. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Inflation in the GCC not going away soon

Robert Mogielnicki

Robert Mogielnicki

Egyptian Minister of Petroleum Tarek el-Molla (C) speaks during the opening session of the 24th ministerial meeting of the Gas Exporting Countries Forum, Cairo, Egypt, Oct. 25, 2022.

Gas forum kicks off in Cairo

Qatar and Russia may be looking to cooperate more on energy matters.

MIKE NELSON/AFP via Getty Images

Saudi sovereign wealth fund to create decarbonization company

Saudi entities have also announced green hydrogen projects in recent weeks.

An Egyptian woman walks past an exchange store in Cairo on Jan. 6, 2013.

Egyptian Central Bank plans to establish new index of gold, foreign currencies

The Egyptian pound is performing poorly against the US dollar but faring better compared to other currencies.