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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

Emiratis walk in Masdar City, on the outskirts of the rich Emirate of Abu Dhabi, on October 7, 2015.

UAE continues renewable energy push with Azerbaijan deal

The two countries will work to develop power from wind, solar and green hydrogen sources.

Cryptocurrency

Dubai charity to accept donations in cryptocurrency

The crypto scene is rapidly expanding in the United Arab Emirates.

Israel's Foreign Minister Yair Lapid (2nd L) and US Secretary of State Antony Blinken (2nd R) chat with Bahrain's Foreign Minister Abdullatif bin Rashid al-Zayani (R) and Emirati Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan (L), in Sde Boker, Israel, March 28, 2022.

With free trade agreement, Israel hopes to triple trade with Emirates

Israel and the United Arab Emirates already established a large scope of bilateral trade, but officials and businesspeople on both sides are persuaded that this is only the beginning.

A general view shows office buildings at al-Raidah Digital City of the Saudi capital Riaydh on Feb. 28, 2022.

Israelis begin doing deals in Saudi Arabia

Following a change in Saudi Arabia’s entry requirements, dozens of Israeli businesspeople arrived recently to Riyadh and even closed deals there.

A Sudanese woman and a boy gather threshed wheat stalks at the Zam Zam camp for Internally Displaced People (IDP), North Darfur, on April 9, 2015.

Can Sudan replace Ukraine as breadbasket for MENA region?

Despite Sudan’s agricultural and animal resources, political instability is hindering the country's potential to benefit itself and the region.

Jordan energy

UAE, Egypt, Jordan agree to $10 billion investment partnership

The Abu Dhabi investment firm ADQ will manage the funds, which will focus on food security and industrial integration in the region.

Israel economy

Israel interest rates to continue upward trend

Battling growing inflation, the Bank of Israel has significantly raised the country’s interest rates twice in recent weeks.

A Palestinian farmer carries boxed strawberries as they are harvested for home consumption and export in Beit Lahia, Gaza Strip, Dec. 10, 2013.

Hamas imposes new taxes on products imported from West Bank

Hamas' Ministry of Finance in the Gaza Strip is imposing a new tax on imported West Bank products, which will add to the hike in prices amid a devastated economy due to the Israeli siege and repeated Israeli wars.

A man walks outside a vegetable and fruit seller's shop in Libya's eastern town of Shahat, in the Jabal al-Akhdar (Green Mountain) region, on Feb. 10, 2022.

Libya grapples with mounting food costs, diminishing oil revenues

Breaking Chains with Blockchain

NFTs get Egyptian women out of debtor's prison

An organization that offers help to poor Egyptian women persecuted by the law has partnered with a creative collective in Dubai to raise donations and awareness, especially outside the country, using non-fungible tokens.

This picture taken on on Feb. 1, 2021 shows a view of the downtown Dubai skyline, with Burj Khalifa, as seen from the Dubai Frame vantage point.

Israel-UAE economic relations grow further with free trade agreement

A variety of economic, cultural and energy-related deals preceded the free trade agreement signed in Dubai today.

Workers on bikes deliver Egyptian traditional Baladi bread.

How interest rate hikes affect Egypt’s economy

The central bank may raise rates further by 100 to 200 basis points in 2022 to be in line with tightening global monetary policies. Yields on T-bills are set to rise.