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Economy & Business

An aerial view shows port of the western Syrian port city of Latakia, on Dec. 18, 2024.

Analysis

Can a UAE-backed Syria-Iraq corridor become Gulf's next trade route?

On June 26, Emirati and Syrian officials discussed plans for a logistics corridor connecting Syrian ports to Gulf markets via Iraq.

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

Oil drilling near Dakhiliyah in the desert region of Hasakah, Syria, Jan. 25, 2026.

Syria launches gas project with Saudi firm in latest Gulf energy partnership

The project is the latest in a series of Gulf-backed investments aimed at rebuilding Syria's energy sector after the ouster of President Bashar al-Assad in December 2024.

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

Latest News

Trump earns $810M from UAE-backed crypto firm: What to know

People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025.

United Arab Emirates

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

Omar Albaw / Middle East Images / AFP via Getty Images

Here's what to know about Iraq's corruption as Zaidi launches crackdown

AHMAD AL-RUBAYE / AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

AFP via Getty Images

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

MOHAMMED MAHJOUB/AFP via Getty Images

Oman’s economy surges with higher oil prices, fiscal reform

The Omani economy is benefiting from both higher oil and gas revenues and the country’s fiscal policies and discipline.

Hassan Jivraj

By Hassan Jivraj

A partial view of the Israeli settlement of Ariel, near the West Bank city of Nablus, Jan. 25, 2017.

Israeli settlement intended for ultra-Orthodox draws new residents

After years of failure to attract ultra-Orthodox residents, the West Bank settlement of Emmanuel is starting to interest middle-class families.

An Emirates Airlines Boing 777 plane unload a coronavirus vaccine shipment at Dubai International Airport on February 1, 2021 as key transport hub Dubai announced an initiative to accelerate the delivery of coronavirus vaccines, particularly to developing nations. - The Vaccine Logistics Alliance, which includes Dubai-based Emirates airline and global logistics giant DP World, is designed to "speed up distribution of Covid-19 vaccines around the world through the emirate". The alliance will "support" the Wo

Long-term transport growth bodes well for Middle East airlines, airports as competition intensifies

Afshin Molavi

Turkmenistan Foreign Minister Rasit Meredow (C) attends the multilateral conference on Afghanistan, Tehran, Iran, Oct. 27, 2021.

Iran’s trade with Turkmenistan on pace to double this year

Iran is seeking more trade with its neighbors and other countries in Central Asia.

Yuan banknotes and US dollars are seen on a table in Yichang, Hubei province, China, Aug. 14, 2015.

Egypt to issue bonds in China’s currency yuan

The US dollar may be losing its dominance in the Middle East to the yuan.

Egypt wheat

Egypt looks further afield for wheat

Egypt recently bought 240,000 tons of wheat from Russia directly, as the government continues to work on plans to avert a food crisis and preserve local supplies.

Saudi chemical

Saudi-India economic ties grow closer with mining agreement

Saudi Arabia is seeking to boost its mining sector, and India is a natural partner in this endeavor.

Egypt investment

Egypt attracting more investment from Arab states

Saudi Arabia and the UAE have invested heavily in Egypt recently, and Qatar may soon follow.

The EU Commissioner for Energy Kadri Simson (L) looks on.

Israel to invest more in Egyptian renewable energy projects

Israel plans to invest more in the field of power generation with renewable energy in Egypt, after two Israeli companies announced a major plan to carry out several projects to this effect.

Saudi Arabia's army soldiers march during the Pakistan Day parade in Islamabad on March 23, 2022.

Saudi Arabia to invest $1 billion in Pakistan, following UAE and Qatar

Pakistan is seeking help from the Gulf amid its foreign currency reserves crisis.

Korea Hydro and Nuclear Power Co. via Getty Images

South Korea to work with Russia on Egypt’s first nuclear power plant

The move further cements Egypt and South Korea’s strong economic and defense ties.

This picture taken on Nov. 17, 2019, shows the Hong Kong-flagged container ship CSCL STAR sailing through Egypt's Suez Canal.

Egypt-Chinese consortium to run terminals in Red Sea, Mediterranean ports

The Egyptian government signed new concessions with a Chinese alliance to build and operate two world-class container terminals in the ports of Sokhna and Dekhila, as part of a container logistics project to link the Red and Mediterranean seas.