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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

A general view of Saudi Aramco's Abqaiq oil processing plant on Sept. 20, 2019.

Oil prices fall following Saudi-backed OPEC+ production cut

The decrease in production could be a message from Saudi Arabia to the US over the Iran nuclear deal.

Turkey economy

Turkey’s inflation tops 80% as poverty deepens

Even though Turkey’s economy continued to expand in the second quarter, the share of payments to employees dropped to the lowest level since Erdogan’s party came to power two decades ago.

Beirut office

Co-working draws Lebanese amid economic, power crises

Several businesses in Lebanon have started utilizing co-working spaces, allowing them to cope with crises by sharing ideas and skills as well as offices.

More hurdles could delay opening of Egypt’s new administrative capital

The resignations of two executives of the company managing the new administrative capital project in Cairo have raised questions about the project and its feasibility in light of the deteriorating economic situation in the country.

A welcoming billboard is seen along the airport road in Beirut on June 22, 2022.

Is dollarization best option for Lebanon’s collapsing economy?

In light of the continued collapse of the Lebanese currency, some are suggesting that the dollarization of the economy may be the best option to revive the country’s financial system.

MOHAMMED MAHJOUB/AFP via Getty Images

Oman’s economy surges with higher oil prices, fiscal reform

The Omani economy is benefiting from both higher oil and gas revenues and the country’s fiscal policies and discipline.

Hassan Jivraj

By Hassan Jivraj

A partial view of the Israeli settlement of Ariel, near the West Bank city of Nablus, Jan. 25, 2017.

Israeli settlement intended for ultra-Orthodox draws new residents

After years of failure to attract ultra-Orthodox residents, the West Bank settlement of Emmanuel is starting to interest middle-class families.

An Emirates Airlines Boing 777 plane unload a coronavirus vaccine shipment at Dubai International Airport on February 1, 2021 as key transport hub Dubai announced an initiative to accelerate the delivery of coronavirus vaccines, particularly to developing nations. - The Vaccine Logistics Alliance, which includes Dubai-based Emirates airline and global logistics giant DP World, is designed to "speed up distribution of Covid-19 vaccines around the world through the emirate". The alliance will "support" the Wo

Long-term transport growth bodes well for Middle East airlines, airports as competition intensifies

Afshin Molavi

Turkmenistan Foreign Minister Rasit Meredow (C) attends the multilateral conference on Afghanistan, Tehran, Iran, Oct. 27, 2021.

Iran’s trade with Turkmenistan on pace to double this year

Iran is seeking more trade with its neighbors and other countries in Central Asia.

Yuan banknotes and US dollars are seen on a table in Yichang, Hubei province, China, Aug. 14, 2015.

Egypt to issue bonds in China’s currency yuan

The US dollar may be losing its dominance in the Middle East to the yuan.

Egypt wheat

Egypt looks further afield for wheat

Egypt recently bought 240,000 tons of wheat from Russia directly, as the government continues to work on plans to avert a food crisis and preserve local supplies.

Saudi chemical

Saudi-India economic ties grow closer with mining agreement

Saudi Arabia is seeking to boost its mining sector, and India is a natural partner in this endeavor.