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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

Palestine technology

Palestinians call out PayPal for discrimination

PayPal's refusal to offer services in Palestine is impeding the region's economic growth and preventing many freelance knowledge workers from receiving digital payments.

A picture taken on Sept. 29, 2021, shows Russian tourists in the Egyptian Red Sea resort of Sharm el-Sheikh.

Egypt looks for upsurge in tourists from sanctions-hit Russia

Cairo and Moscow are holding talks to allow the Russian payment system MIR in Red Sea resorts.

This picture taken on Feb. 22, 2021, shows a view of vehicles in the Sayeda Aisha district of Egypt's capital, Cairo.

Egypt’s car industry suffers under dollar crisis

Car prices experienced a steep spike in Egypt over the past months as the dollar rose against the Egyptian pound and import restrictions were imposed amidst a decline in supply and a redirection of Egypt’s market shares to other countries.

Egypt's President Abdel Fattah al-Sisi (R) stands with Congolese President Felix Tshisekedi (L).

Egypt, Congo boost ties with electricity deal

Egypt and the Democratic Republic of the Congo agreed to partner in the field of electricity as part of Egypt’s plan to boost its presence in the African continent amid the stalled talks on the Grand Ethiopian Renaissance Dam crisis.

Turkey economy

Currency shocks, wild inflation mark Erdogan’s time as executive president

Turkey’s currency has lost 73% of its value against the dollar since Erdogan assumed sweeping executive powers in 2018 and remains prone to fresh shocks amid growing economic fragilities.

European Commission President Ursula von der Leyen (4th-R) poses for a group photo with the EU Commissioner for Energy Kadri Simson (6th-R), Egypt's Minister of Petroleum Tarek el-Mulla (5th-R), Israeli Minister of Energy Karine Elharrar (3rd-R) and other officials during the signing ceremony of a trilateral natural gas deal during the ministerial meeting of the East Mediterranean Gas Forum, Cairo, Egypt, June 15, 2022.

Egypt looks for boost from gas deal with Israel, EU

The EU, Egypt and Israel signed an agreement for the export of natural gas to Europe, which would reduce the latter’s dependence on Russian gas.

Saudi Minister of Energy, Industrial and Mineral Resources, Khaled al-Falih.

Saudi Arabia’s ACWA Power to develop wind project in Egypt

Wind power is slowly growing in the Middle East and North Africa, including in the oil-rich Gulf.

Jordan's King Abdullah II (L) and Saudi Crown Prince Mohammed bin Salman.

Saudi Arabia, Jordan strengthen ties with energy, mining deals

Saudi Arabia is now a major investor in Jordan.

Saudi King Salman bin Abdul-Aziz Al Saud (C) and Crown Prince Mohammed bin Salman (R) are seen receiving Egyptian President Abdel Fattah al-Sisi, Riyadh, Saudi Arabia, March 8, 2022.

Egypt, Saudi Arabia sign agreements on green hydrogen, infrastructure

The deals came during Saudi Crown Prince Mohammed bin Salman’s visit to Egypt.

This photo shows an aerial view of the southernmost tip of Egypt's Nile delta region, including the Qanater al-Khayreya Nile River barrages, north of the capital Cairo, Egypt, Oct. 15, 2021.

Egypt, France boost cooperation ahead of COP27

Egypt and France are boosting their bilateral cooperation, especially with respect to temperature-tolerant and sustainable crops, in the midst of Egypt's preparations to hold the COP27 conference at the end of this year.

A picture shows an Emirates Airlines airplane at Dubai International Airport on Feb. 1, 2021.

Middle East airlines to suffer losses again in 2022

The International Air Transport Association said that airlines in the region will fare somewhat better financially due to the return of long-haul flights.

Kazakhstan President Kassym-Jomart Tokayev is seen on a monitor during a video conference with European Council President Charles Michel at the European Council building, Brussels, Belgium, Jan. 10, 2022.

Iran, Kazakhstan boost trade relations with new railway network

Kazakhstan is a strong ally of Iran, and has helped the Islamic Republic circumvent sanctions.