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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

A member of an Israeli tech delegation uses his phone in a video call during an evening meeting with Emirati counterparts at a hotel in Dubai, United Arab Emirates, Oct. 25, 2020.

Israel's tech future lies with Arab entrepreneurs

An increasing number of Israeli Arabs are taking the bold step of launching their own startup companies.

Workers stand outside the Dubai International Financial Center in the Gulf emirate on Nov. 29, 2009.

Dubai regulator announces increased protection for whistleblowers

The UAE is working to increase its financial transparency after being linked to sanctions evasion and the flow of dark money.

United Arab Emirates

Israel cannabis

Cannabis sales grow in Israel

The Lod-based company Panaxia reported increased revenues from the Israeli market for its sales of medical cannabis in 2021.

MOHAMED EL-SHAHED/AFP via Getty Images

Egyptian economy experiences 'sharp fall' from Ukraine war

According a S&P Global, Egypt’s non-oil sector has taken a subtantial hit, and the government is focusing on wheat imports in particular.

French Economy Minister Bruno Le Maire, Egyptian Prime Minister Mostafa Madbouli, and Egyptian Trade and Industry Minister Nevine Gamea.

Egypt, Israel expand economic ties

Cairo and Tel Aviv strengthen trade and economic cooperation and increase their export capacity under the protocol of the Qualified Industrial Zone.

Palestinian man hangs clothing and other items to sell with the hope of getting some income.

Japan to help struggling Palestinian tourism industry

A Japanese nonprofit is also supporting a female-run dairy farm in the Gaza Strip.

Burak Kara/Getty Images

Turkey inflation hits 61% as fallout from Ukraine war continues

Consumer inflation has surged to a fresh two-decade high in Turkey as external headwinds spawned by Russia’s invasion of Ukraine add to the country’s own economic woes.

An Israeli consultant trades the cryptocurrency bitcoin online, Tel Aviv, Israel, Jan. 17, 2018.

Israel takes global lead in fintech

Effects of the war in Ukraine set aside, the Israeli fintech sector is expected to continue growing this year and attract more global investments.

An Egyptian farmer works in a cotton field in the Nile Delta town of Kafr el-Sheikh, Egypt, Sept. 13, 2018.

Egypt cotton exports record high revenues despite Russia-Ukraine war

Despite the Russian war on Ukraine and its negative repercussions on global trade, Egypt succeeded in exporting 50,000 tons, or up to 75%, of its cotton production this season.

Egypt finance

How religious convictions influence business culture in Egypt

Recent fatwas remind Egyptian Muslims that receiving interest on a savings account is permitted, but profiteering from scarce supplies is not.

Saudi immigrants

Saudi Arabia, Pakistan work on long-term business strategy

Qatari liquefied natural gas carrier Duhail passes through the Suez Canal near the port city of Ismailia, Egypt, April 1, 2008.

Egypt turns to Suez Canal to boost revenues

The waterway’s authority has announced significant increases in transit tolls in recent weeks that are expected to bring in much-needed additional resources to help Cairo navigate its economic challenges.