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Economy & Business

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

AHMAD AL-RUBAYE / AFP via Getty Images

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports.

Latest News

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Leon Neal/Getty Images

United Arab Emirates

Explainer

What US sanctions on Syria remain as Shibani, Barrack hold talks?

RAMI AL SAYED/AFP via Getty Images

UAE billionaire Habtoor takes aim at Ben Gvir’s Gaza rhetoric

A picture take on Sept. 13, 2017, shows Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, attending the World Premiere of La Perle in Dubai.

United Arab Emirates

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

Matthew Stockman/Getty Images

Saudi private equity investment peaked at $4B in 2023 amid rising buyouts

The kingdom's deep-pocketed sovereign wealth fund was involved in the top three private equity transactions between 2019 and 2023.

HAITHAM AL-SHUKAIRI/AFP via Getty Images

Oman launches $5 billion 'Future Fund' in sign of economic progress

Oman’s economy is improving by some metrics as the Gulf state seeks to diversify.

Lebanon's Central Bank governor Riad Salameh gives an interview with AFP at his office in the capital, Beirut, on Dec. 20, 2021.

Switzerland reports violation by Lebanon’s Audi bank in Riad Salameh probe

The action by FINMA concerns connections around disgraced former Lebanese Central Bank governor Riad Salameh.

A picture taken on March 31, 2018 shows a Saudi man standing at the entrance of a tomb at Madain Saleh, a UNESCO World Heritage site, near Saudi Arabia's northwestern town of al-Ula. - Al-Ula, an area rich in archaeological remnants, is seen as a jewel in the crown of future Saudi attractions as the austere kingdom prepares to issue tourist visas for the first time -- opening up one of the last frontiers of global tourism. Saudi Crown Prince Mohammed bin Salman is set to sign a landmark agreement with Paris

Saudi tourism blitz accelerates as Riyadh hopes investors buy the hype

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Picture from the Web Summit 2024 in Qatar.

Middle East sees 23% drop in VC funding: Qatar, Bahrain, UAE hardest hit

Qatar saw VC investments tumble by 57% to 43 million QR ($11.81 million), eclipsed only by Bahrain with an 82% drop.

Graphic of a planned roller coaster, Extraordinary Shenron, at the Dragon Ball Z theme park.

What's behind Saudi Arabia's decision to host first-ever 'Dragon Ball' theme park

The announcement of the park based on the popular Japanese anime show follows the kingdom’s developments in video games and mixed martial arts.

A general view of processing facilities at the Tenke Fungurume Mine, one of the largest copper and cobalt mines and the subject of a dispute between Congolese authorities and the Chinese firm CMOC, southeastern Democratic Republic of Congo, on June 17, 2023.

UAE eyes Zambia mine as minerals race heats up against Saudi Arabia, China

Wealthy Gulf countries are racing against China, Europe and the United States for minerals critical to powering the global green transition.

United Arab Emirates

Turkey GCC trade ministers

GCC, Turkey launch talks on free trade agreement

According to the Turkish trade minister, the new free trade agreement will create one of the world’s largest free trade areas.

A teller holds Turkish lira banknotes at a currency exchange office in Istanbul, Aug. 13, 2018.

In surprise move, Turkey’s Central Bank hikes interest rates to 50%

The move comes after the bank announced last month that it was pausing the hikes.

Guests attend the Global AI 2020 Summit in the Saudi capital, Riyadh, on Oct. 21, 2020.

With $40B fund, Saudi Arabia looks to become world leader in AI

The fund would make the Gulf state the world’s largest investor in AI and help the kingdom realize its Vision 2030 agenda to diversify the economy away from oil.

Saudi Mining and Industry Minister Bandar Al-Khorayef addresses the Future Mineral Forum in Riyadh on Jan. 10, 2024.

Saudi Arabia offers $182M package, other incentives for mining investors

The kingdom is prioritizing the lucrative sector as part of its ambitious Vision 2030 plan to diversify its economy away from a reliance on oil.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Gaza war tests East Med gas integration and national energy security

Gerald Kepes

In Washington, DC, reporting on regional energy trends