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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

The Line NEOM

NEOM’s ambitious concept-to-project transition presents funding, feasibility challenges

Robert Mogielnicki

Robert Mogielnicki

Suez yacht

Egypt invests Suez Canal revenues in three yacht ports

President Abdel Fattah al-Sisi announced that three yacht ports will be established from the revenues of the Suez Canal, in a bid to stimulate tourism to support the national economy.

Lebanese wait in a line outside a closed petrol station, Hamra district, Beirut, Lebanon, Aug. 20, 2021.

Lebanese fear more hardships after fuel subsidies are lifted

The Lebanese are expecting higher gasoline prices in light of the central bank’s decision to lift subsidies amid market chaos, dollar exchange fluctuations and devaluation of salaries in the Lebanese pound.

FETHI BELAID/AFP via Getty Images

Food crisis looms over Tunisia

As food grows scarcer in Tunisia, more residents are growing upset at the government's inaction.

A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022. - Shares in the Dubai Electricity and Water Authority (DEWA) rose 16 percent on April 12 in the Gulf region's biggest initial public offering since Saudi oil giant Aramco in 2019. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

GCC capital investment linked to global market volatility

In Washington, DC, reporting on regional energy

Sean Gallup/Getty Images

France’s TotalEnergies sells stake in Iraqi Kurdish oil field

The sale follows the Iraqi federal government pressuring international firms to pull out of the autonomous region, which has led to concern from the US State Department.

VLADIMIR SMIRNOV/AFP via Getty Images

Erdogan looks to Putin to ease foreign currency woes

An extraordinary uptick in capital flows of unknown origin to Turkey has left many wondering whether Russian money could be involved.

A man walks past a currency exchange shop displaying a giant US dollar banknote, Cairo, Egypt, Nov. 3, 2016.

Egyptian pound continues to lose value

Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices.

Iran uzbekistan

Iran strengthens ties to Central Asia with Uzbekistan deals

The two states pledged to cooperate on energy, transportation and more, including the strategic Chabahar port.

Ohood

Minister for the Future says 'Projects of the 50' aims to make UAE global hub

Ohood Khalfan Al Roumi, the UAE's minister of state for government development and the future, explains the Gulf state's strategic plans over the next half-century.

The platform of the Leviathan natural gas field in the Mediterranean Sea

Israeli natural gas revenues boom

With a projected increase in output, Israel will have the opportunity to boost exports to Europe.

KHALED DESOUKI/AFP via Getty Images

Another illegal dig unearths archaeological discovery in Egypt's Giza

After a recent bust in Giza, archaeologists continued to be alarmed by illegal excavations and antiquities smuggling.