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Economy & Business

Solar panels in a Sinai desert, Egypt.

Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint

Gulf companies have been increasing their investments in North African renewable energy.

CASABLANCA, MOROCCO - AUGUST 20: In this handout image from Populous, digital renderings of the proposed Stade Hassan II stadium in Morocco, projected to be the largest football stadium in the world with 115,000 capacity are depicted on August 20, 2024 in Casablanca, Morocco. The stadium design is by Populous and Oulalou + Choi (Photo by Populous via Handout/Getty Images)

Morocco’s markets rise as World Cup spending fuels largest IPO in decades

Shares in SGTM jumped by 10% on Dec. 16 after the construction firm raised roughly $550 million from its IPO, underscoring demand in a market that has featured few new listings in recent years.

His Royal Highness Crown Prince Al-Hussein bin Abdullah II (R) meets with Indian Prime Minister Narendra Modi in Jordan, on Dec. 16, 2025.

India’s Modi eyes closer ties with Jordan, Oman during visits

Modi’s two-day visit to Jordan made investments and economic cooperation a central piece of the talks with Amman.

Latest News

Egypt secures Qatari investment boost, launches first SCZONE industrial deal

Egypt’s Minister of Investment and Foreign Trade Hassan El Khatib speaking at the Egyptian-Qatari Investment Forum in Cairo, Egypt on Dec. 14, 2025 (State Information Service)

Analysis

Yemen’s oil heartland fuels new conflict as STC seeks new political power

Yemeni employees walk at the Aden oil refinery company in Yemen's port city of Aden on Sept. 29, 2015.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Turkey, US push toward $100B trade goal as Bolat heads to Washington

U.S. President Donald Trump (R) shakes hands with President of Turkey Recep Tayyip Erdogan in the Oval Office at the White House on September 25, 2025 in Washington, DC. Trump has signaled that the U.S. might lift a ban on F-35 sales to Turkey during Erdogan's first visit to the White House since 2019. (Photo by Andrew Harnik/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

Sebastian Castelier

In Dubai, reporting on regional business

Jennifer Gnana

Gulf Correspondent

In Dubai, reporting on Gulf energy policy and politics

Photo from LEAP 2024.

AI and cloud investments dominate Saudi Arabia's LEAP tech summit

Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub.

Shipping containers are stored at Berbera Port on Aug. 31, 2021. Dubai-based port operator DP World and the Government of Somaliland, opened a container terminal at Berbera Port in June 2021.

UAE-India ties grow as DP World secures $422M for Gujarat container terminal

Intiatives like the India-Middle East-Europe Economic Corridor have seen business deals flourishing between India and the United Arab Emirates.

United Arab Emirates

BEDMINSTER, NEW JERSEY - JULY 28: Former U.S. President Donald Trump and Yasir al-Rumayyan, head of the sovereign wealth fund of Saudi Arabia, look on from the second tee during the pro-am prior to the LIV Golf Invitational - Bedminster at Trump National Golf Club Bedminster on July 28, 2022 in Bedminster, New Jersey. (Photo by Cliff Hawkins/Getty Images)

What does Donald Trump's latest $200 million deal with Saudi Arabia entail?

The former president, who is now the presumptive nominee for the Republican Party, has long had significant business ties to Saudi Arabia via his properties and the LIV Golf league.

Visitors view a Bayraktar TB3 Armed Unmanned Aerial System on display at the UMEX Exhibition showcasing drones, robotics, and unmanned sytems at the Abu Dhabi National Exhibition Centre in Abu Dhabi on January 23, 2024. (Photo by Ryan LIM / AFP) (Photo by RYAN LIM/AFP via Getty Images)

Morocco turns to Turkey for weapons imports as Israel ties strain over Gaza

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

Egyptian pound banknotes sit on a table on March 6, 2024, in Cairo.

Egypt’s pound falls 60% amid currency float, $5B IMF deal

Egypt announced that it had expanded a previously $3 billion loan program with the International Monetary Fund after the decision to float the currency was made public.

JACK GUEZ/AFP via Getty Images

Could Etihad Airways become first Gulf airline to launch IPO?

The airline reported on Wednesday that it made a net profit for 2023 and 2022 after a string of substantial losses since 2016.

United Arab Emirates

Kevin Dietsch/Getty Images

Gulf Starbucks operator to lay off 2,000 amid Gaza boycotts

Starbucks’ business has been significantly impacted by the Gaza war, and has faced boycott calls from pro-Palestinian and pro-Israel groups recently.

Palestine protesters

Pro-Palestine protesters block UK arms fair sponsored by Israel’s Elbit Systems

Since 2015, Britain has licensed more than $602 million worth of military exports to Israel, including components for combat aircraft, missiles, tanks, technology, small arms and ammunition, according to the Campaign Against Arms Trade group.

ranian President Ebrahim Raisi (L) and Algerian President Abdelmadjid Tebboune (R).

Iran, Algeria to build closer energy, tourism ties

Europe is increasingly interested in Algeria as an alternative to Russia for gas supplies, while Iran is seeking to boost its own gas output amid continued US sanctions.

Chris McGrath/Getty Images

Turkey's annual inflation surges to 15-month high of 67%

With Turkey's annual inflation at 67%, a 15-month high, analysts argue that the Central Bank will need to resume monetary tightening.

FAYEZ NURELDINE/AFP via Getty Images

UK-Saudi deal allows kingdom to tap into Britain’s $1T tech market

The kingdom spent $5.1 billion on research and development in 2022, a 32.7% from the previous year’s $3.9 billion.

KHALED DESOUKI/AFP via Getty Images

New Egyptian company to raise expat funds gets $100m seed investment

The project is designed to bring in much-needed foreign currency into the North African country, which is going through its worst economic crisis in more than half a century.