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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

FAYEZ NURELDINE/AFP via Getty Images

Saudi GDP growth continues on back of high oil prices

Saudi Arabia’s non-oil economy is also growing, boding well for its ambitious economic diversification projects.

Aramco stock

Saudi Arabia bucks global slump in IPOs

Despite a slowdown in IPOs in developed markets like the United States and Europe, due to the global economic downturn and stock market volatility, the MENA region and in particular Saudi Arabia are thriving.

A Lebanese national flag flies at half-mast in tribute to victims of a massive explosion in Beirut at the Lebanese embassy in Moscow, Russia, Aug. 5, 2020.

Lebanese expatriates face high passport fees

Many Lebanese expatriates abroad complain about the high fees of renewing passports.

Tamar drilling natural gas production platform is seen some 25 kilometers west of the Ashkelon shore in February 2013 in Israel.

Israeli gas sector strengthens with Chevron, Morocco deals

Israel is already exporting gas to Egypt and Jordan and is now eyeing greater energy ties with Morocco following the Abraham Accords.

A trailer truck filled with sand waits near a dock at the construction site of new residential towers on the Nile island of Warraq in Giza province, opposite the northern shore of Cairo, the slums of which are planned for development by the Egyptian government, Egypt, Aug. 31, 2022.

Egypt embarks on new plans to develop river transport on Nile River

Cairo has recently passed legal reforms to reorganize the river sector, which still remains marginal, in hopes this will catalyze much-needed private investments

ANDREA VERDELLI/AFP via Getty Images

China, Egypt establish civil body to promote mutual investments

The new Egyptian-Chinese Entrepreneurs Association will foster the growing economic relations between Cairo and Beijing as China intensifies its political activities with Washington’s allies in the Middle East.

US investment Middle East

How America invests in the Middle East

A man walks past OPEC headquarters on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held Oct. 5, 2022, in Vienna, Austria.

Oil prices fall to lowest since January despite Saudi-backed production cut

The price decrease could be worrisome for Saudi Arabia and its investment plans.

Chinese President Xi Jinping (R) invites Saudi Arabia's King Salman bin Abdulaziz Al Saud (L) to view an honor guard during a welcoming ceremony inside the Great Hall of the People, Beijing, China, March 16, 2017.

Saudi, Chinese companies sign investment deals on renewable energy, cloud services during Xi’s visit

Xi Jinping’s trip to Saudi Arabia has focused largely on economic and energy ties so far.

Abu Dhabi

UAE business center releases whistleblowing guidelines

The UAE is seeking to improve financial transparency among other major financial changes happening in the Gulf state.

Xi Saudi Arabia

Saudi Arabia, China sign deals on tech, climate for Xi’s visit

The trip is a sign that Saudi Arabia is seeking more cooperation with China, especially in regards to energy and despite the kingdom’s relationship with the United States.

Water pours into an irrigation pool in Ghor al-Haditha, south of the Jordanian capital Amman, on April 20, 2021.

Jordan partners with USAID on water loss

Water loss is a major issue in Jordan due to theft and leakage.