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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

Obsolete Turkish lira banknotes are seen in the window of an exchange office on May 05, 2022, in Istanbul, Turkey.

Turkey’s runaway inflation soars to near 79%

The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall.

Saudi women wait in line in the "women's section" of a fast food restaurant in Faysalia mall, Riyadh City, Saudi Arabia, Sept. 26, 2011.

Saudi fast food giant ready to challenge KFC in Egyptian market

The introduction of Saudi fast food chain Albaik to Egypt is part of the $7.7 billion investment package announced during the recent visit of Saudi Crown Prince Mohammed bin Salman to Cairo.

ANWAR AMRO/AFP via Getty Images

Expats to bring Lebanon relief in summer wave

Lebanon expects more than 18,000 visitors during the first part of the summer season as tourism shows signs of rebounding.

Sweet potatoes

Sweet potatoes revive Egypt's dream of reducing wheat imports

Expecting Ukraine war-induced wheat supply problems, Egypt is experimenting with using sweet potatoes in bread, amid hopes that the new measure will significantly reduce wheat imports.

egypt fintech

Egypt’s growing fintech ecosystem transforms country’s finances

A population of over 100 million, young, largely unbanked, with a high penetration of internet and mobile subscriptions paves the way for innovation in Egypt's fintech sector.

India port

Dubai’s DP World logistics firm strengthens connections with India

The UAE and India also signed a trade agreement recently, and appear to have moved past the controversy surrounding an Indian politician's criticism of Islam.

Egyptian President Abdel Fattah al-Sisi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan attend a welcome ceremony at Al-Watan presidential palace, Abu Dhabi, United Arab Emirates, Nov. 14, 2019.

Abu Dhabi port operator acquires stake in Egyptian shipping firms

Gulf countries are interested in buying Egyptian assets as the country’s economy falters.

An employee walks on the Expedient regasification ship, anchored off the coast of Israel in the Mediterranean Sea on February 26, 2015, as natural gas began flowing from the vessel, hired by the Israel Electric Corporation, to its power stations. The ship, anchored about ten kilometres from the Hadera coast, was connected the previous week to the marine buoy and as of February 25, natural gas has begun flowing from the LNG (liquid natural gas) ship through an underwater pipeline directly to the company's po

New opportunities in gas production to define future of Middle East energy giants

In Washington, DC, reporting on regional energy

An aerial view of Khalifa Port is seen in Abu Dhabi April 10, 2014. State-owned Abu Dhabi Ports Co (ADPC) expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers pace, the company's chief executive said. Khalifa Port, built on a man-made island roughly half-way between Abu Dhabi and Dubai, came on stream in 2012 after Zayed Port, which had been serving Abu Dhabi for over 40 years, reached full capacity. Picture tak

Middle East container ports expand growth, investment opportunities

Afshin Molavi

A general view taken on May 29, 2019, shows the seafront promenade in the Emirati capital, Abu Dhabi, with the Abu Dhabi National Oil Company headquarters (C).

Abu Dhabi National Oil Company sends ammonia to Japan

The UAE is making a push to boost its green technology sector and reduce dependence on oil.

Syria gas

Egypt ready to export gas to Lebanon once US grants waiver

Egypt plans to export the agreed-upon 650 million cubic meters of natural gas annually in order to alleviate Lebanon's energy shortage.

Algeria's President Abdelmadjid Tebboune speaks.

Algeria to maintain gas supplies to Spain despite dispute

Algeria's announcement concerning the immediate suspension of the treaty of friendship and good neighborliness concluded with Spain in October 2002, after Madrid’s radical change of position on the Western Sahara issue on March 18, will not have negative consequences on gas contracts signed by the two countries.