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Economy & Business

Kaja Kallas

EU restores economic pact to pursue fuller trade ties with Syria

The move marks a major economic step for Syria's recovery after its 13-year civil war and the fall of the Assad regime.

CN-STR / AFP via Getty Images

China’s overland trade routes offer Iran wartime economic lifeline: What to know

Cargo rail traffic between China and Iran has reportedly surged since the US blockade began in April as Tehran seeks overland trade alternatives to help buy time.

In this picture obtained from Iran's ISNA news agency on May 4, 2026, the Iran-flagged tugboat Basim sails near a ship anchored in the Strait of Hormuz off Bandar Abbas in southern Iran.

What to know about Iran's 'Persian Gulf Strait Authority' to control Hormuz traffic

The establishment of an entity seeking to control maritime transportation in the Strait of Hormuz is the latest sign that Iran wants to formalize authority in the strategic waterway.

Egyptian Prime Minister Mostafa Madbouly speaks in Beirut on Dec. 19, 2025.

Egypt ramps up energy investments amid war-driven price pressures

Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years.

Latest News

Few ships pass Hormuz despite US efforts to break Iran's hold

Tankers are seen at the Khor Fakkan Container Terminal in the Sharjah Emirate, along the Strait of Hormuz on June 23, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Iran strikes UAE’s Fujairah oil hub as US pushes Hormuz reopening

Meysam MIRZADEH / TASNIM NEWS / AFP via Getty Images

United Arab Emirates

Analysis

MENA wheat importers face food security risks as Hormuz crisis festers

Crops of wheat and barley in Terbol village on May 10, 2022, in Bekaa Valley, Lebanon.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

JOHNNY BUGEJA/AFP via Getty Images

Iran’s oil exports to China hit 10-year high

Iran is growing politically and economically closer to China in light of US sanctions.

Then-Crown Prince of Abu Dhabi Sheikh Mohammed Bin Zayed Al Nahyan (C) with Indian Prime Minister Narendra Modi (R) and Indian President Pranab Mukherjee (L) before a ceremonial reception at the Indian President's house in New Delhi on Jan. 25, 2017.

How significant is India's first ever use of rupees for UAE oil payment?

Abu Dhabi National Oil Company (ADNOC) received the rupee payment of an undisclosed amount from Indian Oil Corp., according to an Indian Embassy statement acquired by Reuters.

United Arab Emirates

Borsa Istanbul

Moody’s upgrades outlook for Turkish banks amid economic U-turn

The US-based rating agency projected Turkey's economic growth to be 4.2% at the end of 2023, falling from 2022’s 5.6%.

MEDITERRANEAN SEA, ISRAEL - MARCH 28: In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore on March 28, 2013 in Israel. The offshore Tamar drilling site which was originally dispatched from a shipyard in Texas at the end of last year is due to start producing natural gas next week. Over the past few years Israel has suffered from a shortage in natural gas, but with the new platform that weighs 34,000 tons and wi

Israel’s natural gas-export drive to get boost from new drilling licenses

With initial bids submitted in July to explore for new sources of natural gas, Israel has moved an important step closer towards a significant increase in production.

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

ANTHONY WALLACE/AFP via Getty Images

Saudi Arabia's Al-Hilal lures Neymar from PSG in $98m deal

The transfer will complete once the Brazilian forward has done a medical check and all necessary paperwork, the BBC reported.

Harry Maguire

Manchester United expected to close $9.15B sale to Qatari royal

Qatari banker Sheikh Jassim bin Hamad Al Thani and Jim Ratcliffe, CEO of UK-based petrochemicals company INEOS, have been competing to buy the soccer team.

Emiratis work at the Middle East's largest technology exhibition, GITEX, which opened in Dubai Oct, 3, 2004.

What is Emiratization and how did UAE recover $600,000 from 'fake hires?'

The UAE recovered $600,000 worth of payments made by private companies to 107 Emiratis for fake jobs created in an attempt to fulfill Emiratization quotas.

United Arab Emirates

Saudi refinery

Analysis

Russia’s oil sales to China hurt Saudi revenue despite increased demand

Despite oil prices maintaining a seven-week rally and crude demand expected to reach record highs in 2023, the burden of maintaining higher oil prices is pushing Saudi Arabia to the limit.

By Salim A. Essaid

A worker performs a routine inspection of filters at the Hadera Desalination Facility, in the central Israeli coastal town of Hadera on April 3, 2002. - Israel, a leader in making seawater drinkable, plans to pump excess output from its desalination plants into the Sea of Galilee, depleted by overuse and threatened by climate change. Israel now plans to tackle the challenge by reversing the water flow through its vast network of pumps, pipes and tunnels dating to the 1960s, the National Water Carrier. (Phot

Middle East Water Security: Competition heats up as resources become scarcer

The Middle East and North Africa region is “the most water-scarce region in the world” and is home to 11 of the 17 most water-stressed countries globally.

This picture taken on March 7, 2021 shows an Israeli El Al Boeing 787-8 Dreamliner aircraft.

In radical shift, Israel's El Al airline in talks to buy Airbus planes

El Al is in "serious" talks with Airbus to purchase new planes but continues to negotiate with Boeing as well.

ADEM ALTAN/AFP via Getty Images

Turkey logs $674M account surplus, breaking 20 month deficit

Turkey posted a current account surplus in June for the first time since October 2021.

Turkish Airlines

Turkish Airlines posts $635m Q2 profit, capacity exceeds pre-COVID levels

While global airlines lost nearly $170 billion to the 2020 pandemic and the industry as a whole still is not making a net profit, Turkish Airlines managed to make $2.7 billion in profit in 2022.