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Economy & Business

gas station in Cairo, Egypt

Eni presses ahead with Egypt gas projects as war raises investment risks

Egyptian President Abdel Fattah el-Sisi met with Eni CEO Claudio Descalzi on Tuesday, with the Italian energy giant revealing it could make a crucial investment decision in coming months.

A Syrian Air passenger jet lands at Aleppo airport on March 18, 2025, the first aircraft to land after it was shut during the offensive that toppled former President Bashar al-Assad.

Syrian Airlines expands Europe comeback with Vienna, Copenhagen flights

Syrian Airlines currently flies to 14 destinations across eight countries, with four additional routes planned.

BAY ISMOYO / AFP via Getty Images

China warns US not to interfere with Iran trade: What to know

China's Foreign Ministry said Beijing was firmly opposed to what it called “illegal unilateral sanctions” and would take “all necessary measures” to safeguard its rights.

Latest News

Large UAE delegation set to arrive in Lebanon in major investment push

Lebanese Presidency

France, Saudi Arabia announce more than $10B in deals on MBS visit

France's President Emmanuel Macron and Saudi Arabia's Crown Prince Mohammed bin Salman shake hands

Oil falls 1.8% as traders await 'toughest' sanctions on Iran

Leon Neal/Getty Images

Analysis

UAE-Iran trade relationship becomes key test of Trump’s wartime strategy

Khor Fakkan Container Terminal

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

BEN STANSALL/AFP via Getty Images

New EV deliveries from China expand even as Israeli car market shrinks

Fewer new cars are being delivered to Israel, but among them, Chinese electric vehicles are surging.

APM Terminals.

Jordan’s port in Aqaba signs $242 million investment deal

The agreement with the Dutch firm APM Terminals could help increase trade through the Red Sea port.

David Hecker/Getty Images

Qatari oil, gas exports up 100% in 2022

Qatar is working to export more gas to Europe in response to the Russian invasion of Ukraine.

Residential buildings are seen unilluminated in the evening on Sept. 10, 2022, in Berlin, Germany.

UAE to help Germany reduce dependence on Russian gas

Qatar is also reportedly close to supplying the European country with natural gas amid the Ukraine war.

United Arab Emirates

Cranes move shipping containers on a Maersk Sealand ship.

Egypt explores production of green fuels for ships

Egypt plans to cooperate with the Maersk global shipping group to establish a national network to produce and distribute green fuel for ships, depending on new and renewable energy sources, as the country gears up to host the COP27 climate summit.

Palestinian farmers harvest cucumbers in a field near Gaza City, Gaza Strip, Sept. 7, 2022.

Palestinian economy falters despite pandemic recovery

Despite the end of the coronavirus pandemic, an improvement in the Palestinian economy does not seem very likely given other factors.

Israel gas

Natural gas profits finally put Israel's wealth fund into business

After four disappointing years, Israel’s wealth fund, based on tax revenues from natural gas companies, has enough money to begin making investments.

A giant banner of the Russian national Mir card payment system.

Halt of Mir use deals blow to rising Putin-Erdogan cooperation

The specter of Western sanctions could curb other economic activities between Turkey and Russia as the surging bilateral trade comes under growing scrutiny.

A corn vendor waits for customers on a street in Istanbul on Sept. 6, 2022.

In shock move, Turkey cuts interest rates again

Inflation is historically high in Turkey, but President Erdogan continues to defy economic wisdom as the country's central bank slashed policy rates further.

Palestinian laborers work at a stone quarry during International Workers Day, Gaza City, Gaza Strip, May 1, 2021.

Palestinian businessman seeks self-funded projects to support Gaza economy

An agreement of $1 million was signed to restore industrial facilities that were destroyed in the May 2021 war on Gaza, which came as a glimmer of hope for the stricken industrial city.

Gulf banking

Gulf banks raise interest rates, following US Federal Reserve

Gulf states often follow the American central bank in their interest rate decisions.

University student Najd Fahd.

Saudi esports success depends on local businesses, say industry players

After Saudi Arabia released its esports strategy last week, members of the region’s local gaming industry say community players, developers and startups are key to actualizing the plan’s ambitious goals.