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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

People wait at a gas station as fuel distribution across more than 70% of gas stations is disrupted, Tehran, Iran, Dec. 18, 2023.

Iran says ‘enemy conspiracy’ behind outage at 70% of gas stations

The Oil Ministry’s Shana news agency reported that operations will be running again as normal within “a few hours” and until then fuel is being distributed offline.

RIYADH, SAUDI ARABIA - OCTOBER 31: The Skyline of Riyadh is seen on October 31, 2023 in Riyadh, Saudi Arabia. Saudi Arabia is set to host the men's 2034 World Cup after Fifa confirmed it was the only bidder for the tournament. (Photo by Justin Setterfield/Getty Images)

Saudi Arabia’s multinational HQ deadline nears amid uncertainty for companies and Gulf competition

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A picture taken on November 23, 2016 shows smoke plumes rising behind a billboard at the Maaden Aluminium Factory in Ras Al-Khair Industrial area near Jubail City, 570 kms east of the Saudi capital Riyadh.

Middle East transparency on carbon emissions lags behind rest of world

Turkey and the UAE led the pack for most transparent countries in the region regarding greenhouse gas emissions.

United Arab Emirates

People wave Hezbollah and Iranian flags at a rally in Baalbek, Lebanon, May 13, 2022.

Britain hits Iran and its foreign proxies with fresh sanctions

The measures, coordinated with the United States, also target Iran's shipping sector and drone exports.

Pedestrians walk past a billboard announcing the World Bank Group and International Monetary Fund annual meetings, where the organizations looked to scale up and retool to pursue ambitious global climate goals, Washington, DC, Oct. 5, 2023.

World Bank ups Middle East climate financing to $10B by 2025

The global lender provided $6.3 billion in climate financing for the MENA region between 2021 and 2023, much of it focused on mitigation and adaptation.

COP28 conclusion

COP28: historic deal agreed for world to ‘transition away’ from fossil fuels

The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event.

United Arab Emirates

Saudi Arabia's Minister of Investment Khalid Al-Falih speaks on stage during the 2022 Concordia Annual Summit at the Sheraton Hotel, New York, Sept. 19, 2022.

China-Saudi Investment Conference begins in Beijing

China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil.

Bahrain's Investcorp buys 50% of Corsair's $4.8B infrastructure business

The new entity, Investcorp Corsair, will continue to grow with a particular focus on transportation, logistics and related subsectors, a statement from the two companies said.

A general view during the star-studded Sake Ceremony hosted by Nobu Matsuhisa and Meir Teper to inaugurate the grand opening of Nobu Dubai, at Atlantis The Palm, Dubai, United Arab Emirates, Jan. 20, 2023.

First commercial brewery to open in United Arab Emirates

Previously, the only way a vendor or business could sell beer in the UAE would be if it was manufactured overseas.

United Arab Emirates

South African golfer Charl Schwartzel plays a last shot on the 18th hole during the third and final day of the LIV Golf Invitational Series event at The Centurion Club in St Albans, north of London, on June 11, 2022.

Analysis

What does Jon Rahm’s move to Saudi-funded LIV Golf mean for PGA Tour merger?

The star golfer’s move could spur the PGA Tour to move faster in the merger talks with its Saudi-backed rival ahead of the Dec. 31 deadline.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Saudi Arabia and Turkey's national flags flutter outside the presidential complex in Ankara prior to the arrival of the Saudi crown prince to Ankara, June 22, 2022.

With 32% trade boost, Turkey eyes Saudi investments amid domestic downturn

Trade between the two countries reached $5.86 billion in 2022, a 32.6% increase over the previous year.

The Chinese and the Saudi flags adorning a street in Riyadh ahead of the Chinese president's visit to the Saudi capital, Dec. 7, 2022.

Saudi PIF ups investment in China’s Alibaba-backed tech fund

eWTP Arabia Capital invests in energy and technology start-ups across the Middle East, North Africa and Asia.