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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

His Excellency Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, today signed a memorandum of understanding in Guinea Conakry with His Excellency Moussa Cissé.

Saudi Arabia continues inroads into Africa with Guinea water project

The Saudi Fund for Development’s grant to the West African country will also utilize solar power technology.

JACK GUEZ/AFP via Getty Images

Israel-Lebanon gas deal proceeds with TotalEnergies, Eni agreement

The agreement will allow the French and Italian energy companies to move forward with gas exploration off the coast of Lebanon.

Akinwumi Adesina, president of the African Development Bank, speaks.

Egypt’s Banque Misr receives loan from African Development Bank, China

The loan could help Egyptian startups and comes amid Egypt’s ongoing economic crisis.

Saudi passengers take the train on an internal trip in Riyadh's only railway station 19 September 2004. Only four passenger trains per day operate from the six-platform station and along the sole operating track in the vast desert kingdom. The trains carried around 900,000 passengers in 2003 between the capital -- home to some four million -- and the center of the oil-rich Eastern Province. The Saudi Railways Organization (SRO) believes that the existing service has improved immensely during the past three

Rail development to grow across GCC, with Saudi Arabia & UAE leading the charge

Afshin Molavi

Masdar City, UAE

The Gulf Briefing: green deals and oil talks at COP27

In this weekly newsletter, Sebastian Castelier rounds up the biggest Gulf stories from the region.

AHMAD GHARABLI/AFP via Getty Images

US, Europe pledge $500 million at COP27 for clean energy transition in Egypt

As COP27 continues in Egypt's Sharm el-Sheikh, dozens of countries have announced investments in climate-related projects including a $500 million package to help Egypt decarbonize.

An Iraqi worker adjusts a control valve at the Daura oil refinery, Baghdad, Iraq, Nov. 5, 2009.

Iraq expands refining capacity to reduce oil product imports

Many of the refineries in Iraq are outdated and operate below capacity.

The new Iraqi dinar banknotes are shown ready for distribution at the Bank of Baghdad, as the currency is introduced for the first time, Iraq, Oct. 15, 2003.

Will Iraq's new government reconsider dinar exchange rate?

A number of leaders of the Coordination Framework, the bloc leading the new Iraqi government, are pushing to increase the value of the dinar in an attempt to support the poor — yet some argue the measure could backfire.

An Egyptian farmer harvests wheat on Qursaya Island, Cairo, Egypt, May 16, 2022.

Egypt hopeful after Russian return to Ukraine grain deal

Russia’s return to the agreement on grain exports from Ukraine will help North African countries secure their wheat needs, as they heavily rely on the two warring countries for their imports.

A woman poses for a picture in front of a globe on November 10, 2022, inside the venue hosting the COP27 climate conference, at the Sharm el-Sheikh International Convention Centre, in Egypt's Red Sea resort city of the same name. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)

Latest PRO Memo: COP27 to boost Egypt’s green ambitions

Explore Egypt's new opportunities at the UN climate conference for green energy projects by getting your free PRO trial.

A woman poses for a picture in front of a globe on November 10, 2022, inside the venue hosting the COP27 climate conference, at the Sharm el-Sheikh International Convention Centre, in Egypt's Red Sea resort city of the same name. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)

COP27 to boost Egypt’s green energy ambitions

Marc Español

Israel technology

Israeli tech in trouble as funding, job openings decline

The nation's growth engine has hit a slowdown marked by layoffs, fewer hiring opportunities, and less investment capital.