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Economy & Business

A picture taken at the port of Dilovasi, outside Istanbul, on June 20, 2019, shows the drilling ship Yavuz scheduled to search for oil and gas off Cyprus.

Turkey eyes offshore energy pact with Syria in 2026 amid East Med isolation

Turkish Energy Minister Alparslan Bayraktar has offered up details on a deal with Syria that could unsettle regional rivals in the gas-rich Eastern Mediterranean.

Dan Kitwood/Getty Images

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.

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

An army cadet looks through the window of a bus parked outside Sri Lanka's presidential palace in Colombo.

Flydubai suspends flights to Sri Lanka as Emirates, Etihad keep flying

Sri Lanka is experiencing mass unrest over its deteriorating economic situation.

Iran economy

Unprecedented inflation hammers Iran

Iranians have grown accustomed to high inflation and rising prices, yet recent macroeconomic trends are unprecedented.

TOPSHOT - Lebanese wait to fill their gas cylinders in the southern city of Sidon amidst a deepening economic crisis, on August 10, 2021 - Lebanese lined up in long queues to stock up on cooking gas following warnings of imminent shortages, as an economic crisis eats away at supplies of basic imports.Lebanon, grappling with an economic crisis branded by the World Bank as one of the planet's worse since the mid-19th century, has been hit in recent months by a wave of shortages of basic items from medicine to

Lebanese cook over wood as high gas prices persist

Desperation is one of the few commodities Lebanon does not lack as the financial burden of securing necessities such as cooking gas grows heavier.

Beirut airport

Passenger traffic increases in Beirut airport

The Lebanese government is banking on Lebanese abroad to visit the country and spend money amid the continued economic crisis.

Workers sort oranges at the MAFA farms pack house on January 31, 2021 in Cairo, Egypt.

Egypt’s monthly inflation falls for first time in 2022

The Central Bank of Egypt declined to raise interest rates again last month. Annual inflation is still up from last year.

Flags are set up during Israel's Negev Summit attended by the US Secretary of State, alongside Foreign Ministers of Israel, Egypt, Bahrain, the UAE, and Morocco, at Sde Boker in the southern Negev desert on March 28, 2022. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Israel likely to see accelerated capital influx, especially from new regional alliances

Daniel Frankenstein

Daniel Frankenstein

AD Ports signed a joint venture agreement with SEG, one of the largest oil and gas companies in Uzbekistan.

Emirati port operator, Uzbek oil company to open trade hub, cooperate on freight

Other Middle Eastern states are also seeking better economic relations with Central Asia.

Kurdish oil

Oil services companies stop work in Iraqi Kurdistan after court ruling

Iraq’s supreme court recently ruled that the autonomous part of northern Iraq cannot conduct oil deals independent of the federal government, resulting in significant tension.

Dubai skyline

UAE signs free trade agreement with Indonesia after deals with India, Israel

The UAE has a similar deal in the works with a South American country next.

Gaza food

Price hikes worsen food insecurity in Palestine

Thousands of Palestinian families are facing the threat of food insecurity, as a result of the significant rise in the prices of basic commodities, while officials fail to address the issue.

Syria Turkey

Syrians adapt to tumultuous Turkish environment

In the decade-old Turkish diaspora, thousands of Syrians have started businesses that fill niches in Turkey and open up new export markets — but economic and political challenges are rising.

Obsolete Turkish lira banknotes are seen in the window of an exchange office on May 05, 2022, in Istanbul, Turkey.

Turkey’s runaway inflation soars to near 79%

The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall.