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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

A welcoming billboard is seen along the airport road in Beirut on June 22, 2022.

Is dollarization best option for Lebanon’s collapsing economy?

In light of the continued collapse of the Lebanese currency, some are suggesting that the dollarization of the economy may be the best option to revive the country’s financial system.

MOHAMMED MAHJOUB/AFP via Getty Images

Oman’s economy surges with higher oil prices, fiscal reform

The Omani economy is benefiting from both higher oil and gas revenues and the country’s fiscal policies and discipline.

Hassan Jivraj

By Hassan Jivraj

A partial view of the Israeli settlement of Ariel, near the West Bank city of Nablus, Jan. 25, 2017.

Israeli settlement intended for ultra-Orthodox draws new residents

After years of failure to attract ultra-Orthodox residents, the West Bank settlement of Emmanuel is starting to interest middle-class families.

An Emirates Airlines Boing 777 plane unload a coronavirus vaccine shipment at Dubai International Airport on February 1, 2021 as key transport hub Dubai announced an initiative to accelerate the delivery of coronavirus vaccines, particularly to developing nations. - The Vaccine Logistics Alliance, which includes Dubai-based Emirates airline and global logistics giant DP World, is designed to "speed up distribution of Covid-19 vaccines around the world through the emirate". The alliance will "support" the Wo

Long-term transport growth bodes well for Middle East airlines, airports as competition intensifies

Afshin Molavi

Turkmenistan Foreign Minister Rasit Meredow (C) attends the multilateral conference on Afghanistan, Tehran, Iran, Oct. 27, 2021.

Iran’s trade with Turkmenistan on pace to double this year

Iran is seeking more trade with its neighbors and other countries in Central Asia.

Yuan banknotes and US dollars are seen on a table in Yichang, Hubei province, China, Aug. 14, 2015.

Egypt to issue bonds in China’s currency yuan

The US dollar may be losing its dominance in the Middle East to the yuan.

Egypt wheat

Egypt looks further afield for wheat

Egypt recently bought 240,000 tons of wheat from Russia directly, as the government continues to work on plans to avert a food crisis and preserve local supplies.

Saudi chemical

Saudi-India economic ties grow closer with mining agreement

Saudi Arabia is seeking to boost its mining sector, and India is a natural partner in this endeavor.

Egypt investment

Egypt attracting more investment from Arab states

Saudi Arabia and the UAE have invested heavily in Egypt recently, and Qatar may soon follow.

The EU Commissioner for Energy Kadri Simson (L) looks on.

Israel to invest more in Egyptian renewable energy projects

Israel plans to invest more in the field of power generation with renewable energy in Egypt, after two Israeli companies announced a major plan to carry out several projects to this effect.

Saudi Arabia's army soldiers march during the Pakistan Day parade in Islamabad on March 23, 2022.

Saudi Arabia to invest $1 billion in Pakistan, following UAE and Qatar

Pakistan is seeking help from the Gulf amid its foreign currency reserves crisis.

Korea Hydro and Nuclear Power Co. via Getty Images

South Korea to work with Russia on Egypt’s first nuclear power plant

The move further cements Egypt and South Korea’s strong economic and defense ties.