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Economy & Business

A ship sails along Egypt's Suez Canal near Ismailia, April 16, 2025.

Maersk resumes Red Sea passage after two-year halt amid easing Houthi threat

A ceasefire reached between Israel and Hamas in October has prompted some shipping companies to consider resuming services, but security concerns persist.

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.

Latest News

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

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

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

A Saudi mine worker pours a stream of molten gold from the furnace into moulds to produce gold ingots during a press tour at the Al-Amar Gold Mine, 195kms southwest of the Saudi capital Riyadh, on May 28, 2008.

Will Saudi Arabia see mining gold rush in 2024?

The kingdom plans to take advantage of the growing demand for critical minerals to power the green transition.

India's Prime Minister Narendra Modi (R) shakes hand with United Arab Emirates President Sheikh Mohamed bin Zayed Al-Nahyan ahead of the G20 Leaders' Summit at the Bharat Mandapam in New Delhi on September 9, 2023. (Photo by Evan Vucci / POOL / AFP) (Photo by EVAN VUCCI/POOL/AFP via Getty Images)

UAE's MBZ in India, meets Modi as Houthis' maritime threat expands

The visit comes amid a spike in Houthi maritime attacks that are increasingly disrupting Gulf waters and encroaching on India's coast.

Joint forces affiliated with Libya's Government of National Unity assemble inside the closed Tripoli International Airport, as they deploy on the outskirts and entrances of the capital Tripoli on July 25, 2022. - At least 16 people were killed and 52 wounded in fighting between armed groups in Tripoli, the health ministry said on July 23, following the latest politically driven violence to hit the Libyan capital. (Photo by Mahmud Turkia / AFP) (Photo by MAHMUD TURKIA/AFP via Getty Images)

Libya’s economy sustained by oil but political impasse threatens stability

Kate Dourian

In Dubai, reporting on energy

Ons Kayanee

Tunisia's Ons Jabeur reps Saudi fitness brand Kayanee at Australian Open

Jabeur has expressed support for Saudi investment in tennis in the past as the kingdom seeks to boost its sports holdings.

A Eurofighter jet of the TacticalAir Force Wing 71 "Richthofen" of the German Armed Forces Bundeswehr approaches during the Hannover Shield exercise at the airport in Hannover, northern Germany, Nov. 27, 2023.

Germany reverses, to greenlight Eurofighter jets to Saudi Arabia

Germany stopped selling arms to Saudi Arabia following the murder of Saudi journalist Jamal Khashoggi inside the Saudi Consulate in Istanbul in 2018, but has since come under increasing pressure to allow the sale of the jets to the Gulf country.

A staff waits for costumers at a restaurant in Lebanon's coastal historical city of Byblos, on Nov. 10, 2023.

Analysis

Lebanon’s fragile economy buckles under risk of Israel-Hezbollah war

The country has seen a sharp decline in business conditions within the private sector since the Oct. 7 attacks.

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

A picture taken during an organised tour by Yemen's Huthi rebels on November 22, 2023 shows the Galaxy Leader cargo ship (R), seized by Huthi fighters two days earlier, approaching the port in the Red Sea off Yemen's province of Hodeida. The Bahamas-flagged, British-owned Galaxy Leader, operated by a Japanese firm but having links to an Israeli businessman, was headed from Turkey to India when it was seized and re-routed to Hodeida November 19, according to maritime security company Ambrey. The Huthis said

Middle East economies navigate treacherous straits as Gaza war infects Red Sea

Samuel Wendel

In Washington, DC, reporting on regional business and tech

KHALED DESOUKI/AFP via Getty Images

UAE’s AD Ports to develop Egypt Red Sea cruise terminals despite instability

Attacks by the Iran-backed Houthis on international ships have prompted some firms to steer clear of the waterway.

Kemi Badenoch 1

UK, Turkish trade ministers meet in Turkey, announce joint railway deal

The two countries have an existing trade deal that covers goods but not services, digital trade or data.

An Iran Air Boeing 747 passenger plane sits on the tarmac of the domestic Mehrabad airport in the Iranian capital, Tehran, on Jan. 15, 2013.

Why has Iran Air abandoned plans to relaunch Saudi Arabia flights despite detente?

The Iran Air flights to Saudi Arabia were intended to transport pilgrims to Jeddah and were scheduled to take off from Tehran, Mashhad and Isfahan on Wednesday.

stock photo of market

Turkey’s year-end inflation soars to almost 65%

Newly announced minimum wage hikes and upcoming pay raises for public servants, workers and pensioners bode a resurgence of price spikes across the board.

People attend the International E-Sport Gamers forum Next World in the Saudi capital, Riyadh, on Sept. 7, 2022.

Saudi PIF invested $31.6B in 2023, record in global sovereign wealth funds

The PIF is estimated to have nearly $800 billion in assets and wants to become the world’s largest sovereign wealth fund by 2030.