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Economy & Business

Saudis shop for fresh products at a market in Riyadh on Feb. 18, 2026, on the first day of the holy fasting month of Ramadan in Saudi Arabia.

Analysis

Alternative supply routes emerge as Iran war tests Gulf food security

Roughly 61 million people in the Gulf rely on established food supply chains, many of which have been upended since the United States and Israel launched their attack against Iran on Feb. 28.

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

Young wheat shoots emerge from moist soil in farmland near Zakho, Iraqi Kurdistan region, Dec. 19, 2025.

Iran war hits fertilizer supplies as Fitch warns prices could rise some 25%

Higher prices and availability, due to the closure of the Strait of Hormuz, are raising food security concerns globally as well as in the Middle East.

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

Latest News

Analysis

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

Yasin AKGUL / AFP via Getty Images

Ezgi Akin

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

Airlines gradually restore Middle East flights, Gulf still heavily grounded

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

United Arab Emirates

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

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

United Airlines passenger aircrafts are lined up at O'Hare International Airport in Chicago, Illinois, on May 11, 2024. (Photo by Charly TRIBALLEAU / AFP) (Photo by CHARLY TRIBALLEAU/AFP via Getty Images)

Shekel drops 1.2% as United Airlines, Delta halt Israel flights after Haniyeh's killing

The currency fell by 1.2% after Hamas blamed Israel for the strike in the Iranian capital of Tehran, Bloomberg reported.

Turkish President Recep Tayyip Erdogan delivers a speech during a national event at the Turkish Pavilion of Expo 2020, in the Gulf emirate of Dubai on February 15, 2022. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Growing Gulf-Turkey investment ties evolving unevenly following Erdogan’s $50B breakthrough

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Tourists walk past the pyramids of Khufu, Khafre, and Menkaure on July 21, 2024 in Giza, Egypt. The colossal tombs near Cairo, built around 4,500 years ago for Pharaoh Khufu and completed circa 2560 BCE, are the only surviving wonders of the original Seven Wonders of the Ancient World. (Photo by Ahmad Hasaballah/Getty Images)

IMF greenlights release of $820M to Egypt, cites economic improvement

The Washington-based fund said in a statement that the decision was a result of the third review of Egypt’s 46-month Extended Fund Facility arrangement that was approved on Dec. 16, 2022.

Britain's Prime Minister Keir Starmer delivers a speech during a visit to Hutchinson Engineering in Widnes, north of England, on July 25, 2024.

UK’s new government reboots trade talks with Gulf, Israel, Turkey

New British Prime Minister Keir Starmer has made economic growth a priority of his Labour government and has pledged to make the UK the fastest-growing economy in the G20.

Members of the public walk along the high street on March 21, 2024, in Lewes, England.

Gulf investment in UK real estate to hit $4B annually, says BLME

Research predicts that demographic trends and supply shortages will make the UK's real estate sector a more popular option for investors in the future.

People visit the booth of Chinese automobile manufacturer BYD during the Indonesia International Motor Show in Surabaya on May 29, 2024.

Analysis

What's behind China carmakers' foray into Turkey following BYD deal?

As a growing number of Chinese carmakers have shown interest in investing in Turkey, Turkish companies in the sector are positioning themselves amid the Chinese foray.

Mustafa Sonmez

By Mustafa Sonmez

In Istanbul, reporting on economics

Beijing

China’s Baosteel ups investment in Saudi steel plate venture to $1B

A subsidiary of the world’s largest steelmaker, China Baeowu Steel Group, will have a 50% stake in a major new Saudi-based venture.

Turkey's Finance Minister Mehmet Simsek speaks during a breakout session on Creating Competitive Economies at the Qatar Economic Forum in Doha on May 15, 2024. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

Turkey returns $5B deposit to Saudi Arabia amid economic recovery

The Saudi Fund for Development decided to hold the funds in the Turkish Central Bank in March 2023 after ministerial meetings the previous year — the deposit helped Turkey firm up its weakened currency, the lira.

Foreign exchange rates are displayed against the Turkish lira on Istiklal Avenue, Istanbul, Turkey, March 21, 2024.

Turkey’s Central Bank keeps interest rates at 50% as inflation cools

The decision, part of a pause in monetary tightening since April, comes as the country’s annual inflation slowed down in June for the first time in eight months, but still remains above 70%.

A flydubai Boeing 737 Max taxis at Dubai International Airport in Dubai, on Nov. 22, 2023.

UAE's Flydubai says Boeing delays hurt airline’s expansion plans

The Virginia-based plane-maker has been beset by plane delivery delays since its best-selling narrow-body aircraft, the 737 MAX, was flagged for safety concerns and experienced technical problems and additional quality control processes.

United Arab Emirates

ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images

Why G7's economic policy toward Russia might alienate Saudi Arabia

The G7 has seized hundreds of billions of dollars in Russia’s frozen assets in response to Moscow's 2022 invasion of Ukraine.

Trump Tower interior

Trump adds to Gulf portfolio with Dubai tower deal

The Trump Organization and Dar Global have unveiled a new development, adding to others in Oman and Saudi Arabia this year.

United Arab Emirates