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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

Saudi women wait in line in the "women's section" of a fast food restaurant in Faysalia mall, Riyadh City, Saudi Arabia, Sept. 26, 2011.

Saudi fast food giant ready to challenge KFC in Egyptian market

The introduction of Saudi fast food chain Albaik to Egypt is part of the $7.7 billion investment package announced during the recent visit of Saudi Crown Prince Mohammed bin Salman to Cairo.

ANWAR AMRO/AFP via Getty Images

Expats to bring Lebanon relief in summer wave

Lebanon expects more than 18,000 visitors during the first part of the summer season as tourism shows signs of rebounding.

Sweet potatoes

Sweet potatoes revive Egypt's dream of reducing wheat imports

Expecting Ukraine war-induced wheat supply problems, Egypt is experimenting with using sweet potatoes in bread, amid hopes that the new measure will significantly reduce wheat imports.

egypt fintech

Egypt’s growing fintech ecosystem transforms country’s finances

A population of over 100 million, young, largely unbanked, with a high penetration of internet and mobile subscriptions paves the way for innovation in Egypt's fintech sector.

India port

Dubai’s DP World logistics firm strengthens connections with India

The UAE and India also signed a trade agreement recently, and appear to have moved past the controversy surrounding an Indian politician's criticism of Islam.

Egyptian President Abdel Fattah al-Sisi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan attend a welcome ceremony at Al-Watan presidential palace, Abu Dhabi, United Arab Emirates, Nov. 14, 2019.

Abu Dhabi port operator acquires stake in Egyptian shipping firms

Gulf countries are interested in buying Egyptian assets as the country’s economy falters.

An employee walks on the Expedient regasification ship, anchored off the coast of Israel in the Mediterranean Sea on February 26, 2015, as natural gas began flowing from the vessel, hired by the Israel Electric Corporation, to its power stations. The ship, anchored about ten kilometres from the Hadera coast, was connected the previous week to the marine buoy and as of February 25, natural gas has begun flowing from the LNG (liquid natural gas) ship through an underwater pipeline directly to the company's po

New opportunities in gas production to define future of Middle East energy giants

In Washington, DC, reporting on regional energy

An aerial view of Khalifa Port is seen in Abu Dhabi April 10, 2014. State-owned Abu Dhabi Ports Co (ADPC) expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers pace, the company's chief executive said. Khalifa Port, built on a man-made island roughly half-way between Abu Dhabi and Dubai, came on stream in 2012 after Zayed Port, which had been serving Abu Dhabi for over 40 years, reached full capacity. Picture tak

Middle East container ports expand growth, investment opportunities

Afshin Molavi

A general view taken on May 29, 2019, shows the seafront promenade in the Emirati capital, Abu Dhabi, with the Abu Dhabi National Oil Company headquarters (C).

Abu Dhabi National Oil Company sends ammonia to Japan

The UAE is making a push to boost its green technology sector and reduce dependence on oil.

Syria gas

Egypt ready to export gas to Lebanon once US grants waiver

Egypt plans to export the agreed-upon 650 million cubic meters of natural gas annually in order to alleviate Lebanon's energy shortage.

Algeria's President Abdelmadjid Tebboune speaks.

Algeria to maintain gas supplies to Spain despite dispute

Algeria's announcement concerning the immediate suspension of the treaty of friendship and good neighborliness concluded with Spain in October 2002, after Madrid’s radical change of position on the Western Sahara issue on March 18, will not have negative consequences on gas contracts signed by the two countries.

Israeli and Egyptian flags are seen at the Nitzana border crossing along the southern Israeli border with Egypt near the Israeli village of Nitzanei Sinai, Aug. 20, 2013.

Egyptian trade delegation visits Israel for first time in decade

Economic ties between Egypt and Israel seem to be on the right path amid growing cooperation in various fields.