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Economy & Business

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

AHMAD AL-RUBAYE / AFP via Getty Images

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports.

Latest News

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Leon Neal/Getty Images

United Arab Emirates

Explainer

What US sanctions on Syria remain as Shibani, Barrack hold talks?

RAMI AL SAYED/AFP via Getty Images

UAE billionaire Habtoor takes aim at Ben Gvir’s Gaza rhetoric

A picture take on Sept. 13, 2017, shows Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, attending the World Premiere of La Perle in Dubai.

United Arab Emirates

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

Amazon Egypt storefront.

Amazon Egypt launches page for Egyptian handicrafts

Amazon Egypt launched a new page for thousands of Egyptian handicrafts and heritage products, with the aim of supporting and encouraging Egyptian products.

US President Joe Biden delivers remarks on energy.

Biden announces release of oil reserves following Saudi-backed oil cut

One analyst said the move will not elicit a reaction from Saudi Arabia, which is in a dispute with the Biden administration over the recent OPEC+ oil production decision.

An Iranian Turkman worker packages beluga caviar.

Iran renews ban on sturgeon fishing

The endangered fish is used to make caviar. Israel also has a strong caviar export industry.

Israel Barbivai

Israel, Turkey promote increasing bilateral trade

On an official visit to Turkey, Minister of Economy and Industry Orna Barbivai met with her counterparts, advancing the re-convening of the joint economic conference.

HSBC

HSBC launches new banking service for millionaires in UAE

The UAE is attracting more capital and investment, which has also coincided with financial transparency concerns.

Tunisians line up with their vehicles outside a gas station, Tunis, Tunisia, Oct. 13, 2022.

Fuel shortage, long queues anger Tunisians

Tunisians are growing angry amid successive crises, most recently a fuel shortage, while the government sits idle.

Israel gas

Lebanon asks TotalEnergies to start gas exploration 'quickly'

The move follows Israel and Lebanon finally reaching an agreement on their disputed sea border.

A man walks in front of a screen showing rates against Turkish lira near a currency exchange agency at Kaarakoy in Istanbul on Dec. 16, 2021 in Istanbul.

Erdogan’s staunchest backers 'tired' of interest rate debate

The Turkish president’s controversial economic policies have led to rare public criticism by a business group that has long backed his party.

The national flag of Algeria flies near the Bay of Algiers with the old town of the capital known as the "Kasbah" (L) and cargo containers (R) in Algiers, Algeria, Aug. 25, 2022.

Algeria relaxes rules for foreign investors

Following years of social and political uncertainty triggered by popular uprisings in 2019, Algeria has updated laws to attract investment.

A Japanese and an Emirati man in traditional clothes check their phones at the Arabian Travel Market.

UAE and Japan agree to visa-free travel

The two countries also recently pledged to boost economic, industrial and energy cooperation.

United Arab Emirates

Palestinian men gather to apply for work permits in Israel.

Gazan workers fall prey to brokers claiming to offer work permits

Amid the poor economic conditions and as thousands of Gazans seek to obtain work permits inside Israel, fraudulent brokers have spread in the besieged enclave claiming to be able to secure permits.

RODGER BOSCH/AFP via Getty Images

Saudi Arabia, South Africa sign agreements worth $15 billion

Saudi Arabia is increasing its economic footprint on the African continent, in part because of its rivalry with Iran.