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Syrian President Ahmed al-Sharaa arrives to attend the second day of the first Syrian-Emirati (United Arab Emirates) Investment Forum, at the People's Palace in Damascus on May 12, 2026. (Photo by LOUAI BESHARA / AFP via Getty Images)

Analysis

Ports and infrastructure: UAE embraces new economic order in Syria

UAE-Syrian ties have moved faster than expected, with Abu Dhabi embracing President Ahmad al-Sharaa and relations shifting from normalization to investment opportunities.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Prime Minister Narendra Modi visited Abu Dhabi on May 15, 2026, and was warmly received by the UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan at the airport. The PM is shown being accorded a Guard of Honor upon his arrival.

UAE unveils $5B India investment push during Modi visit: What to know

India and the UAE signed deals related to energy supplies and maritime security, further strengthening ties amid the war in the region.

United Arab Emirates

A Syrian citizen exchanges old banknotes for new notes released and distributed by the central bank, at a bank in the capital, Damascus, on Jan. 3, 2026.

Interview

UK fintech brings foreign currency accounts to Syrians at home

The launch comes as Syria’s new government attempts to stabilize the country’s shattered economy following the January 2025 rise to power of President Ahmed al-Sharaa after the ouster of former President Bashar al-Assad.

Jag Vasant, an Indian-flagged tanker carrying liquefied petroleum gas (LPG) that transited through the Strait of Hormuz amid the Middle East war, remains docked at an offloading terminal along the coast in Mumbai on April 1, 2026.

Uptick in Chinese tankers transiting Hormuz amid Trump-Xi summit

President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday, a meeting closely watched in Iran.

United Arab Emirates

Latest News

Syria restores Raqqa oil field in former ISIS stronghold: What to know

Pictured in this undated image is the Al-Thawra oil field in Raqqa governorate, as rehabilitation works continue to restore production capacity.

Aramco profits jump 26% as Hormuz disruption chokes supply

Guests stand at the Aramco booth during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi on Nov. 3, 2025.

In Bristol, reporting on regional business, climate change, AI, tech

EU restores economic pact to pursue fuller trade ties with Syria

Kaja Kallas

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 farmer ploughs a wheat field in the countryside of the northeastern city of Qamishli, on Sept. 18, 2021.

Syria’s bread basket lies empty

Deir ez-Zor province in eastern Syria is facing a water and bread crisis that is likely to become even worse during the month of Ramadan.

Syrians buy food supplies ahead of the Muslim month of Ramadan, at a shopping street in the northwestern rebel-held city of Idlib, on April 1, 2022.

Price hikes make life harder in Idlib

Prices have increased dramatically ahead of Ramadan in opposition-held areas of Syria, where residents accuse Hayat Tahrir al-Sham of failing to help.

An Egyptian man arranges fruits at a shop in a market in Cairo, on March 17, 2022. Soaring bread prices sparked by Russia's invasion of Ukraine have bitten into the purchasing power of consumers in Egypt, a leading importer of wheat from the former Soviet states.

Middle East reels from historically high food prices

World food prices in March reached their highest levels ever, according to the United Nations.

Israeli Foreign Minister Yair Lapid (L) welcomes the United Arab Emirates' Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan upon his arrival for the Negev summit, at Sde Boker in the southern Negev desert, Israel, March 27, 2022.

Free trade agreement opens new horizons for Israel, UAE

The economy and trade ministers of Israel and the United Arab Emirates concluded last week negotiations on a ground-breaking agreement for a free trade zone, the first of its kind Israel has ever reached with an Arab country.

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.