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Economy & Business

AHMAD AL-RUBAYE / AFP via Getty Images

Here's what to know about Iraq's corruption as Zaidi launches crackdown

Watchdogs and financial institutions regard Iraq as a significantly corrupt country as the new prime minister works to recover public funds.

AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend.

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Analysis

Why the Hormuz oil shock never became an energy catastrophe

The US-Israel-Iran war produced a historic oil supply shock but not a severe global economic crisis, due to ample prewar supplies, China's energy pivot and strategic reserve releases.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Explainer

Gulf states push incentives for investors, expats after war dents image

FADEL SENNA/AFP via Getty Images

United Arab Emirates

Explainer

After UAE and Qatar, could Iraq be next to leave OPEC?

A worker at a market for fuel oil and automotive fuel on March 17, 2026, in Erbil, Iraq.

Explainer

Syria’s energy push could soon get a major boost from Chevron: What to know

Amjad Kurdo / Middle East Images / 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

ANATOLII STEPANOV/AFP via Getty Images

In Oman visit, Ukraine FM calls for food hub to boost Africa trade

Ukraine’s top diplomat will visit Egypt and other African countries after Oman amid the ongoing war with Russia.

German Chancellor Olaf Scholz (R) and Emir of Qatar Sheikh Tamim bin Hamad al Thani speak to the media following talks at the Chancellery, Berlin, Germany, May 20, 2022.

Qatari emir in Germany to boost economic ties

According to the German chancellery, Scholz will host the emir at Meseberg Castle, with the meeting focusing on deepening energy, trade and regional security ties.

AFP via Getty Images

Russia-linked LNG tankers transferred to new UAE firm amid sanctions pressure

The three vessels — Velikiy Novgorod, Pskov and La Perouse — were transferred in September to a new Dubai-based company called Matias Ship Management, according to shipping data website Equasis.

United Arab Emirates

An OQ flag.

Oman state energy firm raises $2B from IPO, sultanate's largest ever

OQ raised the funds for its exploration and production business on the local stock exchange.

This picture shows Aramco tower in the King Abdullah Financial District (KAFD) in Riyadh on April 16, 2023.

What are Aramco’s priorities in Asia after cancelation of Saudi chemical project?

The Saudi oil giant is showing increasing interest in Asia’s petrochemicals market amid the energy transition.

Saudi Crown Prince Mohammad bin Salman meets with Egyptian President Abdel Fattah al-Sisi in Cairo on Oct. 15, 2024. — Saudi Press Agency

Egypt's Sisi hosts Saudi crown prince as Cairo looks to attract investment

Saudi's crown prince met with Egypt's president in Cairo on Tuesday, where the two oversaw the signing of an investment protection agreement and the creation of the Saudi-Egyptian Supreme Coordination Council.

A picture taken on February 8, 2015, shows the headquarters of Algeria's state-owned energy giant Sonatrach in the capital Algiers.

Algeria's Sonatrach, European partners sign two green hydrogen agreements

Algeria’s Sonatrach has signed two agreements as the country makes a green hydrogen push both for domestic use and for export to Europe.

CHRISTINE OLSSON/TT/TT NEWS AGENCY/AFP via Getty Images

Turkish-American economist Daron Acemoglu wins joint Nobel Prize

Turkish-American Daron Acemoglu has become Turkey's third Nobel laureate.

BULENT KILIC/AFP via Getty Images

Analysis

East Med energy risks rise as Israel-Iran crisis threatens oil shocks

As the Middle East conflicts intensify, Israeli energy assets are exposed to attack alongside new threats facing Gulf oil supplies.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

An employee works on a steel wheel production line at a factory in Qingzhou, in eastern China's Shandong province on Sept. 27, 2024.

Turkey slaps steel tariffs on China, India, Russia, Japan as trade tensions soar

The move follows China filing a complaint against Turkey at the World Trade Organization over Turkish tariffs on imports of electric vehicles.

NEW YORK, NEW YORK - SEPTEMBER 30: A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City. A massive strike that could shut down ports across the East and Gulf coasts could begin at midnight as members of the International Longshoremen’s Association continue to make salary and other demands to the United States Maritime Alliance, which controls many of the ports across the country. (Photo by Spencer Platt/Getty Images)

Red Sea, Iran energy threats amplify 2025 global economic risks as trade wars, Trump loom

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A Turkish Bayraktar TB2 combat drone is on view during a presentation at the Lithuanian Air Force Base in Siauliai, Lithuania, on July 6, 2022.

Albania to receive 'significant' number of drones from Turkey, PM says

Turkey pledged to send drones to Egypt earlier this year, while the Maldives recently unveiled two Bayraktar TB2 aircraft.