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Economy & Business

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

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.

Latest News

Here's what to know about Iraq's corruption as Zaidi launches crackdown

AHMAD AL-RUBAYE / AFP via Getty Images

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

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

A military vessel of the United Nations peacekeeping force in Lebanon (UNIFIL) is pictured off the coast of the southern Lebanese town of Naqura, on the border with Israel, where delegations from the two countries were meeting, Nov. 11, 2020.

Maritime dispute with Lebanon threatens Israeli natural gas drilling

Israel hopes that a solution can be found to the maritime border dispute with Lebanon so Energean can start drilling in the Karish field in the third quarter of 2022.

An Egyptian worker holds a mineral sample from the gold mine at Marsa Alam, in the Red Sea hills, Sept. 14, 2006.

Egypt to invest in gold, mineral mining

Egypt is working to increase the exploration of gold and minerals in the Eastern Desert with the aim of attracting investments in the mining sector.

A farmer harvests wheat with a combine machine, in the countryside of the northwestern city of Afrin in the rebel-held part of Aleppo province, Syria, June 8, 2022.

Syrian opposition bans wheat exports in response to food crisis

The Syrian opposition’s interim government is trying to prevent the smuggling of strategic crops, namely wheat, from its areas of control, amid a global food crisis resulting from the Ukraine war.

SAJJAD HUSSAIN/AFP via Getty Images

Egypt looks to India for wheat to make up losses from Ukraine war

A potential deal between Egypt and India to import 500,000 tons of Indian wheat in exchange for Egyptian fertilizers is in the works amid ongoing global wheat shortages.

This photo taken on May 11, 2019, shows a Chinese employee holding a self-developed chip at an industrial park in Jinan in China's eastern Shandong province.

Abu Dhabi to cooperate with Chinese province on industry

China's Shandong province has signed an MOU with the Abu Dhabi Department of Economic Development.

Morocco refinery

Calls rise to reactivate Morocco’s only refinery as oil prices soar

Activists and opposition parties are calling for Morocco’s SAMIR oil plant to be brought back online after a seven-year hiatus to alleviate fossil fuel import pressure and enhance energy sovereignty.

A general view of Al-Reesa Seawater Desalination Plant in El-Arish city, in the northern Sinai Peninsula, Egypt, March 20, 2022.

Egypt expands water desalination projects as Nile dam talks hit new snag

The Egyptian government is seeking to expand seawater desalination projects in the upcoming period, especially in coastal and border cities, by establishing 14 new plants.

Cyprus' Foreign Minister Ioannis Kasoulides (R) holds a joint press conference with his Saudi counterpart Prince Faisal bin Farhan al-Saud.

Saudi Arabia, Cyprus set up joint business council

Cyprus has important relationships with several Middle Eastern states, including Egypt.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the northern coastal city of Caesarea, Israel, Dec. 19, 2019.

Egypt's gas imports from Israel hit all-time high

Gas flows hit a new record in the first quarter of the year and peaked in March, when Cairo purchased above contractual volumes.

A man carries a bale of wheat during the harvest in the village of Bamha near al-Ayyat in Egypt.

Egypt asks World Bank for $500 million to buy wheat

Egypt is asking the World Bank for $500 million to cover its wheat needs in light of the ongoing war in Ukraine.

Emiratis walk in Masdar City, on the outskirts of the rich Emirate of Abu Dhabi, on October 7, 2015.

UAE continues renewable energy push with Azerbaijan deal

The two countries will work to develop power from wind, solar and green hydrogen sources.

Cryptocurrency

Dubai charity to accept donations in cryptocurrency

The crypto scene is rapidly expanding in the United Arab Emirates.