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Economy & Business

People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025.

Trump earns $810M from UAE-backed crypto firm: What to know

According to the disclosure, Trump earned $810 million from crypto token sales and sales of interests in UAE-backed World Liberty Financial.

United Arab Emirates

Omar Albaw / Middle East Images / AFP via Getty Images

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday.

AHMAD AL-RUBAYE / AFP via Getty Images

Here's what to know about Iraq's corruption as Zaidi launches crackdown

Watchdogs and financial institutions regard Iraq as a significantly corrupt country as the new prime minister works to recover public funds.

Latest News

Traffic plummets through Strait of Hormuz after Iran, US trade fire

AFP via Getty Images

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Olivier Badard

CEO of Armada Holding

Analysis

Why the Hormuz oil shock never became an energy catastrophe

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Explainer

Gulf states push incentives for investors, expats after war dents image

FADEL SENNA/AFP via Getty Images

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

Sultanate of Oman, Muscat, Qurum: the Oil and Gas Exhibition Center.

Oman's oil and gas sector drives 30% GDP growth in 2022

Oman’s hydrocarbon sector growth rate was 61.6% from 2021 to 2022, compared to non-hydrocarbon sector growth at 16.9% during the same period, according to the Central Bank of Oman (CBO) 2022 Annual Report.

Prince Abdulaziz

Saudi Arabia inches closer to nuclear power with wider IAEA access

The kingdom's energy minister said that the country plans tougher checks by the International Atomic Energy Agency on its nuclear activities.

Al Dhafra Solar Photovoltaic Independent Power Producer project is seen during a visit by the French economy minister, Abu Dhabi, United Arab Emirates, Jan. 31, 2023.

UAE, other Gulf states shift from talk to action on carbon capture tech

The idea of capturing and storing carbon emissions instead of letting them enter the atmosphere is gaining momentum in some parts of the Gulf region. It is also the necessary tool to rebrand hydrogen produced from fossil fuels from "gray" to "blue."

The first liveried Riyadh Air Boeing 787-9 Dreamliner is unveiled during a ceremony at the King Khaled International Airport in Riyadh, on June 12, 2023. (Photo by Rania SANJAR / AFP) (Photo by RANIA SANJAR/AFP via Getty Images)

Gulf airlines flex might as Riyadh Air fuels new competition

The Gulf’s Big Three carriers are flying high as profits and passengers return.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Oil pumpers

China’s Bomesc to build $220M Qatar offshore oil, gas facility for Italy’s Saipem

The Tianjin-based engineering, procurement and construction company will build the compression facility for an oil and gas field off the coast of northern Qatar for industrial machine manufacturer Servizi Energia Italia.

Chris McGrath/Getty Images

Breaking | Last Updated: September 21, 2023, 2:07 pm

Turkey’s Central Bank hikes interest rates to 30%

The bank cited higher-than-expected inflation rates and rising oil prices for the hike.

Gold bar wrapped in a financial newspaper.

Russia becomes UAE’s top gold supplier as Ukraine sanctions bite

The United Arab Emirates bought 96.4 tons of gold from Russia in 2022, making it Moscow's top gold importer.

United Arab Emirates

AIIB

China development financier AIIB opens first global office in UAE

Bank officials expect that the new Abu Dhabi location will help extend their reach to finance sustainable development projects.

United Arab Emirates

UAE trade minister

UAE eyes Serbia trade deal as CEPA blitz continues

Non-oil trade between the two countries reached $57.6 million in the first half of 2023, surpassing their entire non-oil trade value for the year 2020.

United Arab Emirates

TOPSHOT - This picture taken on February 6, 2023 shows a view of the Nasr Coke and Chemical industrial plant in Helwan, south of Egypt's capital. (Photo by Amir MAKAR / AFP) (Photo by AMIR MAKAR/AFP via Getty Images)

Egypt’s industrial sector to record modest growth despite government push

Egypt seeks to streamline and accelerate the development of local manufacturing to ultimately narrow its negative trade balance.

Marc Español

WANG ZHAO/AFP via Getty Images

China’s Alibaba to invest $2 billion in Turkey

The news follows economic changes in Turkey as well as improving ties between Turkey and China.

La Mer North marina is seen with the Burj Khalifa and the Dubai skyline seen in the background, United Arab Emirates, Feb. 1, 2020.

UAE revenue jumps 31.8% in 2022

The UAE Ministry of Finance reported a 6.1% increase in expenditure last year compared to 2021, which amounted to around $116.3 billion.

United Arab Emirates