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Economy & Business

UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi (L) and Lebanese Economy Minister Amr al-Bisat after signing a memorandum of understanding, Beirut, Aug. 27, 2026.

Lebanon, UAE ink deals, deepen economic ties on Emirati Beirut visit

An Emirati business delegation signed the agreements in Beirut and met with President Joseph Aoun, indicating the UAE's interest in deepening economic ties with Lebanon.

cards

Sharaa taps Visa as Syria reconnects to global finance: What to know

Visa and Mastercard announced Wednesday that their networks can now be used to make international card payments in Syria.

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.

Latest News

Syrian Airlines expands Europe comeback with Vienna, Copenhagen flights

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.

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

BAY ISMOYO / AFP via Getty Images

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

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

Digital currency.

Gaza YouTuber scams million dollars, vanishes

Dozens of citizens in Gaza fell victim to the fraud of Palestinian YouTuber Jalal al-Najjar who collected one million US dollars and vanished.

A general view of the Egyptian Exchange, Cairo, Egypt, Jan. 6, 2013.

Islamic finance grows despite global economic turmoil

OZAN KOSE/AFP via Getty Images

Ankara forces companies to sell hard currency as circle tightens

The Turkish government’s latest loan restriction may help the embattled lira recover to some extent, but not without the risk of damaging side effects.

Morocco drought

Morocco invests in desalination plants as drought worsens

Located in an arid zone characterized by rain disruption, Morocco seeks solutions to solve water scarcity and ensure supply for domestic, industrial, and agricultural purposes

Osama Rabie, chairman of the Suez Canal Authority, speaks during a press conference after the release of the Panama-flagged MV Ever Given container ship, in the canal's central city of Ismailia, Egypt, July 5, 2021.

Suez, Panama canals sign cooperation agreement to boost investments

The Suez and Panama canals’ economic zones seek to attract more investments through a cooperation agreement to exchange experiences and information.

Boxes of coronavirus vaccines are stacked on the tarmac after the first batch arrived at Khartoum airport on an Emirates Airlines flight, Khartoum, Sudan, March 3, 2121.

Western creditors suspend debt relief to Sudan over coup as country’s economy sinks

The Paris Club of major creditors announced the suspension of a 2021 agreement with the now-deposed transitional government to restructure the large foreign debt of Sudan.

Russian Foreign Minister Sergey Lavrov (L) and Egyptian Foreign Minister Sameh Shoukry walk prior to talks of representatives of the Arab League states, Moscow, Russia, April 4, 2022.

Egypt plans to use ruble in trade with Russia

Egypt and Russia seek to switch to local currencies in their trade transactions to overcome obstacles created by Western sanctions on Moscow over the Ukraine war.

People queue to buy olive oil, which is sold cheaply by the Agricultural Products Office, Ankara, Turkey, Feb. 17, 2022.

Egypt, Turkey hold firm on interest rates

Turkish President Recep Tayyip Erdogan is adamantly opposed to raising interest rates, but some observers expected Egypt to raise rates in line with Gulf banks and the US Federal Reserve.

Egypt industry

Egypt, Saudi Arabia sign economic agreements worth $7.7 billion

Saudi Arabia intends to invest about $8 billion in various economic sectors in Egypt, which will ease the Egyptian economy's wheels amid the global crisis.

An employee packs bread at a bakery on March 23, 2022, in Istanbul, Turkey.

Turkey says no evidence Ukrainian grains stolen by Russia reached its shores

Turkey is being lobbied by the UK to discuss the safe shipping of Ukrainian grain due to looming global shortages but denies any has reached its ports.

A visitor walks past a Dubai billboard at the Arabian Travel market exibition in the Gulf emirate, May 17, 2021.

Tourism to Dubai up nearly 200% this year

The Expo 2020 Dubai provided a big boost as the Emirati city continues to bounce back from the coronavirus pandemic.

Egypt's President Abdel Fattah al-Sisi (L) and Russia's President Vladimir Putin (R).

Egypt participates in Russian economic forum

Egyptian President Abdel Fattah al-Sisi delivered a virtual speech at the opening session, stressing the need to find "effective solutions" to the global economic crisis.