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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

People walk past a currency exchange shop displaying a giant US dollar banknote in downtown Cairo on Nov. 3, 2016.

Here's how the latest US rate hike will impact Egypt's economy

A stronger US dollar will inevitably drive higher import costs, and subsequently prices, in the most populous Arab country, yet could eventually provide a boost to the local currency with an increase in exports.

The Turkey-flagged Abdulhamid Han.

Fourth Turkish drilling ship begins energy exploration in Mediterranean

Past Turkish energy exploration activities took place in waters claimed by Greece and Cyprus, leading to significant tensions.

REMKO DE WAAL/ANP/AFP via Getty Images

Egypt creates independent fund for Suez Canal

Egypt has established a new fund for the Suez Canal manage its own revenues independently.

Cutting-edge applications of Artificial Intelligence on display at the Artificial Intelligence Pavilion.

Egypt-China ties strengthen with recent deals

China is also getting closer to Saudi Arabia, Iran and other countries in the region, primarily through economic cooperation.

A boy looks at the coins displayed at the exhibition Coins through the Ages at the Egyptian Museum in Cairo, on Aug. 10, 2010.

Downward spiral causes crash in Egypt’s gold prices

Gold prices sharply dropped in Egypt amid a drop of global prices after the US Federal Reserve hiked interest rates.

An Israeli army tank deployed on the border with the Gaza Strip creates a wall of smoke (R) to protect Israeli farmers harvesting their wheat crop on April 30, 2008 in the fields near Kibbutz Beeri in southern Israel. Getty

The Middle East food security crisis and its implications

KHALED DESOUKI/AFP via Getty Images

Egypt, China expand climate cooperation ahead of COP27

As Egypt prepares to host the COP27 conference, it's getting help from China to transform Sharm el-Sheikh into a green city.

A Palestinian police officer searches a truck's fabrics cargo slated for export at the Kerem Shalom crossing, Rafah, Gaza Strip, June 21, 2021.

Russia-Ukraine war leaves Hamas in financial crisis

The fragile Palestinian economy in the Gaza Strip has been largely affected by the Russian-Ukrainian war, which has caused price hikes and an increase in taxes.

An Egyptian farmer takes part in the wheat harvest in Bamha village near al-Ayyat town, Giza province, Egypt, May 17, 2022.

Egypt pins hopes on Russia-Ukraine grain agreement

Egypt, especially hit hard by the global food crisis resulting form the Russia-Ukraine war, is hoping for relief via the Black Sea Grain Initiative.

Rashid Hassan teaches visitors how to harvest lavender correctly.

Lavender ecotourism throws lifeline to rural Lebanese villages

As Lebanon experiences a tourism hike this summer, rural villages and attractions hope to draw tourists away from the capital with the help of ecotourism companies. A day spent discovering lavender in the south is one example.

A handout picture released by the Egyptian Presidency on August 14, 2018.

Saudi Arabia’s NEOM project to bring huge investments to Egypt

Saudi Arabia Crown Prince Mohammed bin Salman said his country will invest in Sharm el-Sheikh as part of $500 billion NEOM project.

Pet trader Mahmud Safwat feeds birds outside his shop, Giza, Egypt, July 2022.

Pets suffer amid Egypt's economic crisis

The Russian war on Ukraine has affected Egypt's economy in many ways and is now affecting Egyptians' ability to keep their pets at home.