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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

In this file photo taken on Oct. 22, 2019, boats are pictured along the riverbank and off the water of the Nile River.

Egypt venture capital firm for startups develops solutions to climate change

The Climate Resilience Fund targets nature-positive and sustainable projects that address mainly land and sea misuse.

KHALED DESOUKI/AFP via Getty Images

Egypt restricts dollar withdrawals amid liquidity crunch

Egypt’s foreign reserves have fallen considerably amid the economic crisis and Russia-Ukraine war.

Workers hang their laundry out to dry on the railings of their labor accommodation, Dubai, United Arab Emirates, May 27, 2022.

UAE touts new domestic workers law

The UAE, like other Gulf countries, has faced criticism for its treatment of foreign workers.

United Arab Emirates

Inmates performing in a band are seen during a government-guided tour for the media,at the Correctional and Rehabilitation Center in Badr city, east of Cairo, Egypt, Jan. 22, 2022.

Egypt's released political prisoners get economic aid

A presidential initiative puts former political detainees on economic track after their release.

Russian tourism

Egypt freezes Russian MIR payments to avoid US sanctions

Acceptance of MIR bank cards would have eased Russian tourists’ payments inside Egyptian hotels and resorts.

Egyptian farmers harvest wheat in Bamha village near al-Ayyat town in Giza province, Egypt, May 17, 2022.

Egypt claims wheat self-sufficiency despite Ukraine war

Over the past three months, Egypt has bought 3.5 million tons of wheat from local farmers as it works to achieve self-sufficiency and weather the effects of the global crisis caused by the Russian war on Ukraine.

Israel gas

More gas discovered off coast of Israel as Lebanon talks falter

Energean’s discovery follows a setback in the US-mediated negotiations between Israel and Lebanon over their maritime border.

MENA gas

The natural gas substitution: The Middle East's opportunity to replace Russian gas to the EU

Iranians walk past Sepah Bank in the capital Tehran, on June 15, 2022. - Iran has been wrestling with rampant price growth for years, exceeding 30 percent annually every year since 2018, according to the International Monetary Fund. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iran's banking sector faces hurdles to reconnect to global financial system post-sanctions

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Representatives of OPEC member countries attend a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting, Vienna, Austria, Oct. 5, 2022.

Iraq's commitment to OPEC oil reduction won't affect exports

Iraq's oil reduction per the recent OPEC+ agreement will not affect the country's revenues, according to Iraq's oil minister.

OPEC

Oil prices up after OPEC+ cut

Saudi Arabia has been pushing for production cuts due to fluctuations in global oil prices.

Iraqi Prime Minister Mustafa al-Kadhimi (2nd right) and his Jordanian counterpart, Bisher al-Khasawneh (2nd left), are seen during the launching ceremony of the electrical grid connection project between the two countries, Anbar province, Iraq, Oct. 6, 2022.

Iraq, Jordan launch electrical grid connection project

Iraq and Jordan launched a project for an electrical grid connection between the two countries in order to improve Iraq's electricity situation and boost economic ties between the two countries.