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Economy & Business

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha, on June 22, 2026.

Qatar locks in US LNG through 2054 as it looks beyond Hormuz

The Gulf state agreed to buy up to 4 million tons of US liquefied natural gas annually through 2054.

Saudi Arabia football supporters wave flags

China-Saudi consortium wins $306M World Cup stadium deal: What to know

The project is a vote of confidence to Saudi Arabia's ambitious Vision 2030 agenda to diversify the economy away from oil, despite an uptick in attacks by Yemen's Houthi rebels on the kingdom in recent weeks.

The Chinese-flagged container shipping vessel Hui Fa transits the Gulf of Oman off the coast of Khor Fakkan in the emirate of Sharjah east of the UAE, on Oct. 13, 2026.

Gulf oil exports surpass prewar levels despite escalating tanker attacks

According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million.

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

Latest News

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

Benoit Tessier / AFP via Getty Images

Explainer

Indonesia first foreign country to own property in Saudi Arabia's Mecca

Vehicles move along a main street in Saudi Arabia's holy city of Mecca on Sept. 16, 2026.

Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks

FAYEZ NURELDINE/AFP via Getty Images

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Russian tourism

Egypt freezes Russian MIR payments to avoid US sanctions

Acceptance of MIR bank cards would have eased Russian tourists’ payments inside Egyptian hotels and resorts.

Egyptian farmers harvest wheat in Bamha village near al-Ayyat town in Giza province, Egypt, May 17, 2022.

Egypt claims wheat self-sufficiency despite Ukraine war

Over the past three months, Egypt has bought 3.5 million tons of wheat from local farmers as it works to achieve self-sufficiency and weather the effects of the global crisis caused by the Russian war on Ukraine.

Israel gas

More gas discovered off coast of Israel as Lebanon talks falter

Energean’s discovery follows a setback in the US-mediated negotiations between Israel and Lebanon over their maritime border.

MENA gas

The natural gas substitution: The Middle East's opportunity to replace Russian gas to the EU

Iranians walk past Sepah Bank in the capital Tehran, on June 15, 2022. - Iran has been wrestling with rampant price growth for years, exceeding 30 percent annually every year since 2018, according to the International Monetary Fund. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iran's banking sector faces hurdles to reconnect to global financial system post-sanctions

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Representatives of OPEC member countries attend a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting, Vienna, Austria, Oct. 5, 2022.

Iraq's commitment to OPEC oil reduction won't affect exports

Iraq's oil reduction per the recent OPEC+ agreement will not affect the country's revenues, according to Iraq's oil minister.

OPEC

Oil prices up after OPEC+ cut

Saudi Arabia has been pushing for production cuts due to fluctuations in global oil prices.

Iraqi Prime Minister Mustafa al-Kadhimi (2nd right) and his Jordanian counterpart, Bisher al-Khasawneh (2nd left), are seen during the launching ceremony of the electrical grid connection project between the two countries, Anbar province, Iraq, Oct. 6, 2022.

Iraq, Jordan launch electrical grid connection project

Iraq and Jordan launched a project for an electrical grid connection between the two countries in order to improve Iraq's electricity situation and boost economic ties between the two countries.

A guest walks in the lobby of Al-Masa Hotel during an African Ministers of Finance Economy and Environment Meeting for the COP27 climate summit, at the New Administrative Capital, east of Cairo, Egypt, Sept. 7, 2022.

COP27 presents Egypt financing opportunities for sustainable development

Egypt is considering dozens of national green and sustainable development projects as part of the government’s plan to adapt to climate change and switch to green sustainable development, as it prepares to host the UN Climate Change Conference.

A picture taken on Aug. 25, 2022, shows Egyptian pounds and US dollars banknotes.

Egyptian pound hits nominal record low ahead of IMF deal

The global economic storm has put a lot of pressure on the local currency, which nevertheless remains strong against other currencies.

Moroccans raise placards as they gather in front of parliament in the capital Rabat to protest against rising prices, on February 20, 2022. (Photo by AFP) (Photo by STR/AFP via Getty Images)

Inflation in Maghreb will continue to undercut real wages and feed social discontent

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea.

Israel, Cyprus to resolve disagreement over maritime gas field

Most of the disagreement points between Israel and Cyprus over the joint Aphrodite-Yishai natural gas reservoir have been resolved, and an agreement is apparently imminent.