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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.

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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

President and CEO of Saudi Aramco Amin Nasser (L) and Aramco's chairman Yasir al-Rumayyan attend a press conference in the eastern Saudi Arabian region of Dhahran on November 3, 2019. - Saudi Aramco confirmed it planned to list on the Riyadh stock exchange, describing it as a "significant milestone" in the history of the energy giant. (Photo by - / AFP) (Photo by -/AFP via Getty Images)

Saudi Arabia’s PIF poised for more bold investments as Vision 2030 squeezes war chest

Samuel Wendel

In Washington, DC, reporting on regional business and tech

The futuristic cityscape of Dubai with the Burj Khalifa, the world's tallest building.

What’s behind Dubai’s new 20% tax on foreign banks?

The UAE implemented its first-ever corporate tax last year in an effort to boost revenue amid the shift away from oil and gas.

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.