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Economy & Business

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha, on June 22, 2026.

Qatar locks in US LNG through 2054 as it looks beyond Hormuz

The Gulf state agreed to buy up to 4 million tons of US liquefied natural gas annually through 2054.

Saudi Arabia football supporters wave flags

China-Saudi consortium wins $306M World Cup stadium deal: What to know

The project is a vote of confidence to Saudi Arabia's ambitious Vision 2030 agenda to diversify the economy away from oil, despite an uptick in attacks by Yemen's Houthi rebels on the kingdom in recent weeks.

The Chinese-flagged container shipping vessel Hui Fa transits the Gulf of Oman off the coast of Khor Fakkan in the emirate of Sharjah east of the UAE, on Oct. 13, 2026.

Gulf oil exports surpass prewar levels despite escalating tanker attacks

According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million.

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

Latest News

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

Benoit Tessier / AFP via Getty Images

Explainer

Indonesia first foreign country to own property in Saudi Arabia's Mecca

Vehicles move along a main street in Saudi Arabia's holy city of Mecca on Sept. 16, 2026.

Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks

FAYEZ NURELDINE/AFP via Getty Images

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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 worker carries an empty Petronas gas cylinder on his shoulder at a shop in Ampang, in the suburbs of Kuala Lumpur, Malaysia, Feb. 29, 2016.

Malaysia’s Petronas to explore for 'unconventional oil' in Abu Dhabi

Unconventional oil, which is extracted via relatively complex methods, is found in the Western Hemisphere and Russia. Abu Dhabi is also seeking to extract some after successfully obtaining unconventional gas.

A fisherman tries to catch a freshly caught tilapia fish in a boat on the Nile River in the village of Gabal al-Tayr, north of the southern city of Minya, Egypt, Nov. 13, 2019.

Egypt to increase fish production at Lake Bardawil

Egypt is to develop one of the most important lakes in the north to ramp up its fish production and improve the economy in the northern Sinai Peninsula.

OPEC+ decision to maintain production marks end of oil’s turbulent year

The Saudi- and Russian-led cartel has both increased and decreased oil production this year, affecting global oil prices and relations with the United States in the process.

Chef Mahmoud Abd El Gaid prepares a veal steak at Pipa, an Italian restaurant, in Cairo on Monday Nov. 14, 2022.

Egyptian students turn to private companies for employable skills

Many Egyptian youth are graduating from universities and colleges without the skill sets needed to enter the current job market.

A man sells Simit on a street corner on Nov. 03, 2022 in Istanbul, Turkey. Turkey's official inflation rate topped 85.5% in October according to state statistics agency TUIK the highest level in 25 years.

As Turkey’s inflation slows in November, all eyes now on pay hikes

Despite the fall in the annual inflation rate, Turkish consumers are likely to face monthly price increases averaging 3% to 4% in 2023.

Iran unveils its first homemade vehicle with Euro-6 emissions technology on Dec. 4, 2022.

Iran produces pickup truck in compliance with EU emission standards

Khodro’s Foton Tunland complies with the European Union’s Euro VI emission standards for heavy vehicles.

A detailed view of the adidas ‘Al-Rihla’ official soccer ball on the pitch prior to the FIFA World Cup Qatar 2022 Group A match between Ecuador and Senegal at Khalifa International Stadium, Doha, Qatar, Nov. 29, 2022.

World Cup soccer ball made in Egypt

Egyptian officials have praised a local company for manufacturing the official World Cup soccer ball currently held in Qatar, hoping to expand globally in this field.

Lebanon fans cheer during the FIFA World Cup Qatar 2022 Asian qualification soccer match between the United Arab Emrites and Lebanon at Zabeel Stadium in Dubai, United Arab Emirates, Sept. 2, 2021.

Many Lebanese not able to watch World Cup matches

Many Lebanese have been dismayed by the news that the 2022 FIFA World Cup will not be broadcast on the public channel Tele Liban due to financial difficulties.

Harvested wheat in Qursaya island, Cairo, Egypt, May 16, 2022.

Egypt buys first Ukrainian wheat shipment since Russian war began

Egypt's General Authority For Supply Commodities is believed to have purchased 175,000 tons of wheat, through private talks with importers, making it the first Ukrainian wheat purchase since the start of Russia's war on Ukraine.

This picture taken on November 1, 2022 shows a view of the Nile river between Egypt's capital Cairo (L) and its twin city of Giza (R). - The Pharaohs worshipped it as a god, the eternal bringer of life, but the clock is ticking on the Nile. Climate change, pollution and exploitation by man is putting existential unsustainable pressure on the world's second longest river on which millions of Africans depend. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Egypt’s water crisis to worsen, intensifying tensions with Ethiopia over Nile Dam

Marc Español

Saudi Arabia Aseer

Saudi wealth fund to invest in mountainous Aseer region

Aseer receives the most rainfall in Saudi Arabia and has some tourism potential, but the kingdom is not close to meeting its tourism goals at present.

Palestinian men and children ride a donkey cart in Gaza City on Sept. 24, 2014.

Israel bans Gaza from importing donkeys

Gaza is banned from importing donkeys after an Israeli NGO claimed they are transported to China for the skin and meat industries.