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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

NIKOLAY DOYCHINOV/AFP via Getty Images

Bulgaria looks to Turkey for help with gas shortage

Russia has cut gas exports to Bulgaria, leaving Sofia looking to Ankara, which has some tough decisions to make.

Carbon capture

Egypt to store carbon with Italy’s Eni

The Italian energy company is pursuing increased cooperation with Egypt as well as Algeria.

Stock market brokers work at the Egyptian Exchange, Cairo, Egypt, Jan. 6, 2013.

Egypt to list army-owned companies on stock exchange

Egypt plans to list army-owned companies on the stock exchange before the end of the year, after repeated delays.

A Saudi man browses through Twitter on his desktop, Riyadh, Saudi Arabia, Jan. 30, 2013.

Analysis

US praises Saudi progress on intellectual property, notes issues in Egypt, Turkey

The Office of the US Trade Representative said that pharmaceutical product inspection in Turkey and illegal streaming in Egypt are key issues.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Isabel Infantes/Getty Images

Explainer: Algeria-Spain gas controversy

The disagreement relates to both countries' troubled history with Morocco over the Western Sahara territory.

AHMAD HASSAN/AFP via Getty Images

Egypt’s non-oil exports up 20% at start of 2022

Egypt’s main exports are related to oil and the non-oil sector has been hurt by the war in Ukraine.

MOHAMMED ABED/AFP via Getty Images

Israel reopens crossing to Gaza workers

After Gaza took huge financial and economic losses in just three days of closure, Israel has reopened the border to a small number of workers.

General view of the Emirates' Central Bank, Dubai, United Arab Emirates, Jan. 3, 2017.

UAE announces date for auction of dirham bonds

The Emirati government began selling bonds for the first time last year in a bid to diversify financially. This is the first time bonds will be sold in the local currency, as opposed to the US dollar.

United Arab Emirates

A view of a French jeweller Cartier shop at Jumeirah mall, Abu Dhabi, United Arab Emirates, Nov. 8, 2017.

Abu Dhabi removes COVID-19-related capacity restrictions, masks remain

The United Arab Emirates’ largest city also recently mandated the resumption of in-person classes for students, and is heading toward a return to the pre-coronavirus normal.

United Arab Emirates

Uriel Sinai/Getty Images

Israeli shekel at one-year low against dollar

There have been significant changes to Israeli monetary policy recently, including the addition of the Chinese yuan to the country’s reserves.

Burak Kara/Getty Images

Turkish Central Bank revises inflation outlook

The bank significantly raised its inflation projections, citing the effects of the war in Ukraine, but inflation was high before the war.

World Bank

IMF: Oil producers better prepared for Ukraine-related economic downturn

The International Monetary Fund’s report also highlighted currency depreciation in Egypt, economic effects of the war in Yemen and Jordan’s fledgling tourism sector.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change