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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

Turkey economy

Currency shocks, wild inflation mark Erdogan’s time as executive president

Turkey’s currency has lost 73% of its value against the dollar since Erdogan assumed sweeping executive powers in 2018 and remains prone to fresh shocks amid growing economic fragilities.

European Commission President Ursula von der Leyen (4th-R) poses for a group photo with the EU Commissioner for Energy Kadri Simson (6th-R), Egypt's Minister of Petroleum Tarek el-Mulla (5th-R), Israeli Minister of Energy Karine Elharrar (3rd-R) and other officials during the signing ceremony of a trilateral natural gas deal during the ministerial meeting of the East Mediterranean Gas Forum, Cairo, Egypt, June 15, 2022.

Egypt looks for boost from gas deal with Israel, EU

The EU, Egypt and Israel signed an agreement for the export of natural gas to Europe, which would reduce the latter’s dependence on Russian gas.

Saudi Minister of Energy, Industrial and Mineral Resources, Khaled al-Falih.

Saudi Arabia’s ACWA Power to develop wind project in Egypt

Wind power is slowly growing in the Middle East and North Africa, including in the oil-rich Gulf.

Jordan's King Abdullah II (L) and Saudi Crown Prince Mohammed bin Salman.

Saudi Arabia, Jordan strengthen ties with energy, mining deals

Saudi Arabia is now a major investor in Jordan.

Saudi King Salman bin Abdul-Aziz Al Saud (C) and Crown Prince Mohammed bin Salman (R) are seen receiving Egyptian President Abdel Fattah al-Sisi, Riyadh, Saudi Arabia, March 8, 2022.

Egypt, Saudi Arabia sign agreements on green hydrogen, infrastructure

The deals came during Saudi Crown Prince Mohammed bin Salman’s visit to Egypt.

This photo shows an aerial view of the southernmost tip of Egypt's Nile delta region, including the Qanater al-Khayreya Nile River barrages, north of the capital Cairo, Egypt, Oct. 15, 2021.

Egypt, France boost cooperation ahead of COP27

Egypt and France are boosting their bilateral cooperation, especially with respect to temperature-tolerant and sustainable crops, in the midst of Egypt's preparations to hold the COP27 conference at the end of this year.

A picture shows an Emirates Airlines airplane at Dubai International Airport on Feb. 1, 2021.

Middle East airlines to suffer losses again in 2022

The International Air Transport Association said that airlines in the region will fare somewhat better financially due to the return of long-haul flights.

Kazakhstan President Kassym-Jomart Tokayev is seen on a monitor during a video conference with European Council President Charles Michel at the European Council building, Brussels, Belgium, Jan. 10, 2022.

Iran, Kazakhstan boost trade relations with new railway network

Kazakhstan is a strong ally of Iran, and has helped the Islamic Republic circumvent sanctions.

Israeli passengers arrive from Ukraine via the border with Romania on an Israeli Israir flight at Ben Gurion Airport in Lod, near Tel Aviv, Israel, March 1, 2022.

Israel expects post-COVID tourism rebound this summer

Israeli experts do not expect tourism to reach this summer the record level of 2019, but they certainly notice a trend of increase on both outbound and incoming tourism.

Women buy bread from a local bread stand in Al Fustat neighborhood on May 2, 2022, in Cairo, Egypt.

Egypt rejects World Trade Organization agreements on global food crisis

Egypt objected to the WTO agreements to alleviate the global food crisis, as it refuses to be forced to export food when it is grappling with its own food crisis.

Russian Foreign Minister Sergey Lavrov (L) talks with his Azerbaijani counterpart Elmar Mammadyarov (C) and Iranian counterpart Mohammad Javad Zarif (R)in Baku on Aug. 8, 2016.

Iran, Russia to establish trade centers

The two countries will focus on energy-related trading and establishing a north-south corridor to rival the Suez Canal.

FRANCK FIFE/AFP via Getty Images

Saudi Arabia’s NEOM to build renewable-powered desalination plant

The controversial planned city will partner with a Japanese and a French company in the endeavor.