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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

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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

A picture shows the damaged grain silos at the port of Beirut.

World Bank blames Lebanon for 'deliberate' economic crisis

The World Bank accused Lebanon’s elites of conducting “Ponzi finance” and deliberately pursuing harmful fiscal policies. Meanwhile, the Beirut port has caught fire again.

Sierra Leone-flagged cargo vessel Razoni sails along the Bosporus past Istanbul on Aug. 3, 2022, after being officially inspected.

First Ukrainian grain shipment en route to Lebanon amidst food crisis

Ukraine claims a Syrian ship docked in Lebanon is carrying Ukrainian wheat and barley that was stolen by Russia and is being offering at a discount.

People shop in a busy market ahead of the start of the holy month of Ramadan on April 1, 2022, in Istanbul, Turkey.

Turkey’s inflation hits almost 80% as Erdogan insists on low-rate policy

Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%.

Saudi Energy Minister Abdulaziz bin Salman bin Abdulaziz Al Saud addresses the 29th annual Middle East Petroleum and Gas Conference.

Breaking | Last Updated: August 3, 2022, 11:48 am

OPEC+ agrees to small oil production increase

US President Joe Biden may have been hoping for a larger boost in production.

Central bank

UAE laws clamp down on money laundering, terrorism financing

The Emirates recently sanctioned some financial institutions in the country.

United Arab Emirates

FAYEZ NURELDINE/AFP via Getty Images

ESG investments gain momentum in Middle East

Many Middle Eastern investors consider sustainable assets attractive from an ethical perspective, though some ambiguity clouds their economic benefits.

Saudi Aramco acquires lubricant giant Valvoline

Aramco has been investing in futuristic technology amid high oil prices and profits.

stock exchange

Foreign investment grows in Abu Dhabi stock exchange

The UAE has invested in several regional states this year.

United Arab Emirates

Austrian policemen guard the entrance of the Organization of the Petroleum Exporting Countries (OPEC) headquarters during the 176th meeting of the OPEC conference and the 6th meeting of the OPEC and non-OPEC countries on July 1, 2019 in Vienna, Austria. (Photo by JOE KLAMAR / AFP) (Photo by JOE KLAMAR/AFP via Getty Images)

OPEC+ faces critical decision on next moves

In Washington, DC, reporting on regional energy

A member of Iraq's Hashid Shaabi paramilitary force looks on while standing along a runway at the heavily damaged airport of the northern city of Mosul.

Iraq starts rebuilding Mosul airport

Determined to complete the delayed Mosul airport reconstruction project, Prime Minister Mustafa al-Kadhimi is granting the project special exceptions to shield it from corruption and complex administrative procedures.

GIUSEPPE CACACE/AFP via Getty Images

More gas discovered off coast of Abu Dhabi

The field, which is operated by Italy’s Eni, has yielded considerable natural gas to the UAE this year.

A farmer holds a handful of soil parched because of drought in Tunisia's east-central area of Kairouan.

Water crisis threatens millions with thirst in Tunisia

Tunisian President Kais Saied has called on the government to immediately address the water crisis in the country, where millions who rely on agriculture are facing the threat of thirst amid repeated water cuts and the disruption of work of the concerned institutions.