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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

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.