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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

Jordan Henderson of Al Ettifaq and Roberto Firmino of Al Ahli battling for the ball during the Saudi Pro League match.

Key players want out of Saudi soccer league: reports

The Saudi Pro League landed several top stars last year with lucrative deals, but now some players may be looking to leave the kingdom.

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.