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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 general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. - Saudi Arabia said on September 17 its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two instillations that slashed its production by half. The strikes on Abqaiq - the world's largest oil processing facility - and the Khurais oil field in eastern Saudi Arabia roiled energy markets and revived fears of a conflict in the tinderbox Gulf region. (Photo by Fay

Middle East poised for breakthrough in European energy markets

Gerald Kepes

In Washington, DC, reporting on regional energy trends

An army cadet looks through the window of a bus parked outside Sri Lanka's presidential palace in Colombo.

Flydubai suspends flights to Sri Lanka as Emirates, Etihad keep flying

Sri Lanka is experiencing mass unrest over its deteriorating economic situation.

Iran economy

Unprecedented inflation hammers Iran

Iranians have grown accustomed to high inflation and rising prices, yet recent macroeconomic trends are unprecedented.

TOPSHOT - Lebanese wait to fill their gas cylinders in the southern city of Sidon amidst a deepening economic crisis, on August 10, 2021 - Lebanese lined up in long queues to stock up on cooking gas following warnings of imminent shortages, as an economic crisis eats away at supplies of basic imports.Lebanon, grappling with an economic crisis branded by the World Bank as one of the planet's worse since the mid-19th century, has been hit in recent months by a wave of shortages of basic items from medicine to

Lebanese cook over wood as high gas prices persist

Desperation is one of the few commodities Lebanon does not lack as the financial burden of securing necessities such as cooking gas grows heavier.

Beirut airport

Passenger traffic increases in Beirut airport

The Lebanese government is banking on Lebanese abroad to visit the country and spend money amid the continued economic crisis.

Workers sort oranges at the MAFA farms pack house on January 31, 2021 in Cairo, Egypt.

Egypt’s monthly inflation falls for first time in 2022

The Central Bank of Egypt declined to raise interest rates again last month. Annual inflation is still up from last year.

Flags are set up during Israel's Negev Summit attended by the US Secretary of State, alongside Foreign Ministers of Israel, Egypt, Bahrain, the UAE, and Morocco, at Sde Boker in the southern Negev desert on March 28, 2022. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Israel likely to see accelerated capital influx, especially from new regional alliances

Daniel Frankenstein

Daniel Frankenstein

AD Ports signed a joint venture agreement with SEG, one of the largest oil and gas companies in Uzbekistan.

Emirati port operator, Uzbek oil company to open trade hub, cooperate on freight

Other Middle Eastern states are also seeking better economic relations with Central Asia.

Kurdish oil

Oil services companies stop work in Iraqi Kurdistan after court ruling

Iraq’s supreme court recently ruled that the autonomous part of northern Iraq cannot conduct oil deals independent of the federal government, resulting in significant tension.

Dubai skyline

UAE signs free trade agreement with Indonesia after deals with India, Israel

The UAE has a similar deal in the works with a South American country next.

Gaza food

Price hikes worsen food insecurity in Palestine

Thousands of Palestinian families are facing the threat of food insecurity, as a result of the significant rise in the prices of basic commodities, while officials fail to address the issue.

Syria Turkey

Syrians adapt to tumultuous Turkish environment

In the decade-old Turkish diaspora, thousands of Syrians have started businesses that fill niches in Turkey and open up new export markets — but economic and political challenges are rising.