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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

Korea UAE

Abu Dhabi, South Korea pledge to boost economic relations

South Korean entities have signed major deals with Egypt and Saudi Arabia recently.

United Arab Emirates

An employee counts banknotes at a currency exchange shop, Cairo, Egypt, Nov. 3, 2016.

Fitch gives Egypt ‘stable’ debt rating, citing reforms

Egypt is pursuing deregulation and tax reforms to some success, but the war in Ukraine has severely hurt the country’s economy.

Georgian border guards work at the Darial Gorge (Verkhniy Lars) border crossing, March 1, 2010.

Russian invasion of Ukraine slams Turkey’s transportation industry

Traffic at the Turkish border crossings have come to a grinding halt after trucks en route to Russia, Belarus and Central Asia diverted routes to Turkey and Georgia following Russia’s invasion of Ukraine.

This picture taken on March 13, 2020, shows an aerial view of low-rise luxury housing in the residential suburb of Madinaty in Cairo.

Buyers rush to purchase Egyptian real estate as prices rise

Oman

Oman on cusp of introducing personal income tax

Income tax is now in the pipeline in Oman, and other nations in the Gulf, one of the world’s largest bastions of tax-free wages, are watching with interest.

H.M. King Abdullah II of the Hashemite Kingdom of Jordan.

Saudi Arabia sends $50 million to Jordan for budget as economy falters

The Jordanian government is working to close tax loopholes and increase its revenue collection amid its economic struggle.

LOIC VENANCE/AFP via Getty Images

UAE-India economic agreement to lower tariffs, duties in bid to boost trade

India is one of the UAE’s largest trading partners, with oil, jewelry and textiles forming a bulk of the trade.

United Arab Emirates

Picture of the Tel Aviv Stock Exchange building, Jan. 16, 2011.

Tel Aviv Stock Exchange continues to reach historic highs

The TA 125 index’s growth is being led by banks and not Israel’s large tech sector.

KHALED DESOUKI/AFP via Getty Images

Egypt welcomes return of Qatari investments

As Qatari money flows back into Egypt, the question now is how these potentially game-changing foreign investments will be directed.

A customer leaves a currency exchange agency near Grand Bazaar in Istanbul, on Dec. 2, 2021.

Inflation storm worsens Turkey’s income distribution gap

Banks and big companies have benefited from Ankara’s controversial policy to keep interest rates low, while soaring inflation eats into the real income of the wage-earning masses.

A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022.

UAE reports slight growth of non-oil GDP

The United Arab Emirates is undergoing economic changes as it aims to reduce its dependency on oil.

United Arab Emirates

OZAN KOSE/AFP via Getty Images

Turkish stock market hits record high

Turkey is experiencing major economic problems, but the Istanbul stock exchange continues to rise.