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Economy & Business

Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP via Getty Images

Oil jumps above $100 as energy crisis called worst in history: What to know

The latest spike is the second time in a week that oil prices have climbed above $100 a barrel.

Sakis Mitrolidis / AFP via Getty Images

Group of 32 states to release 400M barrels of oil reserves: What to know

The move would mark the agency's largest ever release of oil reserves to stabilize the global market.

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

Yasin AKGUL / AFP via Getty Images

Analysis

Oil-price hikes from Iran war threaten Turkey's rate cuts in inflation fight

Surging oil prices and regional disruptions could halt monetary easing and widen Turkey’s current account deficit.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

An Emirates Airbus A380 passenger aircraft prepares for landing at Dubai International Airport in Dubai on March 8, 2026.

Airlines gradually restore Middle East flights, Gulf still heavily grounded

More than 43,000 of the 78,500 scheduled flights in and out of the Middle East have been canceled since the war began Feb. 28, according to flight data firm Cirium.

United Arab Emirates

Latest News

Oil swings steady as Aramco warns of 'catastrophic' Hormuz disruption

Dan Kitwood/Getty Images

Analysis

Oil crisis stokes inflation risks for Mideast as Iran war exposes importers

Smoke and flames rise at the site of airstrikes on an oil depot in Tehran on March 7, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

G7 readies strategic reserves after oil nears $120 amid Iran war

In this photo illustration, a smartphone displays the crude oil price in USD after markets in the UK opened on March 9, 2026, in London, England.

Analysis

Qatar gas shock roils Middle East energy risk profile amid Iran war

Yasin AKGUL / AFP via Getty Images

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

BEIJING, CHINA - MAY 30: Chinese President Xi Jinping and United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan review the honour guard during a welcome ceremony at The Great Hall of People on May 30, 2024 in Beijing, China. (Photo by Tingshu Wang - Pool/Getty Images)

UAE’s AD Ports Group opens first China office: What to know

UAE-China trade relations are on the rise amid persistent US scrutiny over sensitive technology.

United Arab Emirates

GIUSEPPE CACACE/AFP via Getty Images

Saudi mining licenses soar as kingdom hunts critical metals: What to know

The Saudi government has cleared hurdles for the mining industry in its pursuit of critical materials.

Saudi Crown Prince Mohammed bin Salman is greeting Syria’s interim president, Ahmad al-Shara, left, during his arrival on Sunday at the royal palace in Riyadh, Saudi Arabia

Saudi Arabia pledges $6B investment, to sign 47 deals with Syria: What to know

The event is a milestone for Syria-Saudi relations and the deals coming out of it are expected to help create 50,000 jobs across the country.

An image of Karim Attiyeh.

Meet Karim Attiyeh, youngest Arab American billionaire of Lebanese origin

Karim Attiyeh, a Lebanese-born technologist, has been named by Forbes Middle East as the youngest billionaire of Arab origin in the United States, joining the list of the 125 richest immigrant billionaires in the US.

BAKR ALKASEM/AFP via Getty Images

Saudi Arabia to invest $6B in Syria in boost to Sharaa: What to know

The kingdom has been at the forefront of diplomatic and economic efforts to support Syria's recovery.

A man carries the Syrian and the Saudi flags past a billboard thanking Qatar, in Damascus, on May 14, 2025.

Saudi Arabia offers travel permits to Syrian businessmen, investors: What to know

Syrian entrepreneurs can now directly apply for travel licenses at the Saudi Embassy in Damascus, while Saudi investors seeking to visit Syria can register via the Interior Ministry’s e-platform.

An export train to Russia and China leaves the Ankara station, on Jan. 29, 2021.

Turkey secures $2.8B green financing for Azerbaijan railway: What to know

The 223-kilometer railway will connect to the existing train route that joins Turkey’s northeastern city of Kars and the Georgian and Azerbaijani capitals of Tbilisi and Baku.

A flame from a Saudi Aramco oil instillation known as "Pump 3" is seen in the desert near the oil-rich area of Khouris, 160 kilometers east of the Saudi capital Riyadh, on June 23, 2008.

Saudi crude oil exports hit 3-month high as production soars: What to know

The increase comes as the kingdom is reeling from negative effects of lower oil prices and production boosts from OPEC+ under US pressure.

Boats sail near the shore in the Egyptian Red Sea resort city of El-Gouna, on Nov. 1, 2024.

Egypt pitches new investment plan to US firms: What to know

Egypt is hunting foreign investment as part of its Vision 2030 strategy for sustainable development.

Iraqi workers tend to a pipe at the Iraqi-Turkish pipeline in Karkuk, northern Iraq, Dec. 1, 2000.

Why Turkey plans to end its 52-year oil pipeline deal with Iraq

The Turkish decree stipulated that the 1973 Turkey-Iraq Crude Oil Pipeline Agreement — along with all amendments to the deal — would be terminated effective July 27, 2026.

A picture taken on December 7, 2022 in Riyadh, shows the Chinese and the Saudi flags adorning a street ahead of the Chinese president's visit to the Saudi capital. - Chinese President Xi Jinping will make a three-day visit to Saudi Arabia this week, meeting the king and de facto ruler of the world's biggest oil exporter. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia's Diriyah awards Chinese firm $1.53B contract: What to know

Saudi Arabia’s Diriyah Company has awarded a major contract to China Harbour Engineering Company for the development of a Vision 2030 project.

MAURO PIMENTEL/AFP via Getty Images

Analysis

Trump tariffs, BRICS threats unlikely to erode Middle East’s trade war edge

The US decision to delay tariff penalties until Aug. 1 doesn't dramatically impact the Middle East, but the coming weeks could still have important ripple effects in the region.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech