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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

Flags of (L to R) South Africa, Brazil, Russia, India and China during the 2023 BRICS Summit at the Sandton Convention Centre, Johannesburg, August 24, 2023.

Will BRICS throw a lifeline to dollar-strapped Egypt?

Economists believe BRICS membership will give Egypt a chance to ease pressure on the dollar, but is not a quick remedy for the country’s economic woes

Changing climate conditions and the need to secure water resources has led Morocco to add another 18 dams to its current network of 152, which includes the Abdelmoumen dam, some 37 miles from the coastal city of Agadir, shown here, October 23, 2020.

Drought puts Morocco’s water infrastructure projects into overdrive

Morocco’s budget for water infrastructure is rising as desalination and dam projects advance amid droughts and increasing international partnerships.

Saudi stock

Analysis

Tadawul posts losses but Saudi markets remain fundamentally strong

'A bit of a correction' sheds some prior gains on the Saudi stock index, but professionals see reasons to keep investing in the kingdom.

Harry Clynch

By Harry Clynch

In London, reporting on Middle East economics

ADEM ALTAN/AFP via Getty Images

Turkey ends lira protection scheme as banks tally up damage

With Turkey’s inflation on course to hit 70% by the year-end, the plan to convince depositors to shift to regular deposits with yields well below the inflation rate appears unviable.

Nassr's Portuguese forward #07 Cristiano Ronaldo shoots during the AFC Champions League playoff football match between Saudi's Al-Nassr and UAE's Shabab Al-Ahli at the King Saud University Stadium in Riyadh on August 22, 2023. (Photo by Yazid al-Duwihi / AFP) (Photo by YAZID AL-DUWIHI/AFP via Getty Images)

Saudi Arabia’s soccer spending spree reshapes Middle East sports sector

The kingdom is gunning to become a professional sports powerhouse.

PATRICK BAZ/AFP via Getty Images

Lebanon’s acting central bank chief pleads for reform as crisis continues

Wassim Mansouri has been urgently calling on the Lebanese government to enact reforms since becoming acting governor of Banque du Liban following the end of the embattled Riad Salameh’s term.

WANG ZHAO/AFP via Getty Images

Saudi Arabia mulls Chinese bid to build nuclear plant

The news will irk Washington, which wants Riyadh to not be able to develop nuclear weapons.

Turkmenistan gas

Iraq to receive gas from Turkmenistan

Iraq is largely dependent on Iran for gas, despite having its own sizable reserves. The relationship has been complicated by US sanctions on Iran, and Iraq is also seeking international help to utilize its gas reserves.

Oil and gas

Fossil fuel subsidies in Middle East nearly doubled since 2020, says IMF

The fund said that fossil fuel companies globally benefited from $13 million in subsidies per minute last year.

People wait to exchange money at a currency exchange shop on June 23, 2023 in Istanbul, Turkey.

Turkey’s Central Bank shifts gears, hikes interest rates to 25%

The 750 basis point rise was higher than analysts' expectations, prompting lira to rebound from a record low.

BRICS summit 2023

Egypt, Iran, Saudi Arabia, UAE to join BRICS

The Shanghai-headquartered New Development Bank, or so-called “BRICS bank”, had already admitted the UAE and Egypt as shareholders.

Israel gas

Israel to export more gas to Egypt as cooperation grows

Israeli-Egyptian cooperation on gas matters has increased significantly in recent years, despite Egyptian criticism of Israeli policy towards the Palestinians.