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Economy & Business

Oil drilling near Dakhiliyah in the desert region of Hasakah, Syria, Jan. 25, 2026.

Syria launches gas project with Saudi firm in latest Gulf energy partnership

The project is the latest in a series of Gulf-backed investments aimed at rebuilding Syria's energy sector after the ouster of President Bashar al-Assad in December 2024.

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

Latest News

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

Omar Albaw / Middle East Images / AFP via Getty Images

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

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 worker is seen at an oil refinery near the village of Taq Taq, in the autonomous Kurdistan Region of Iraq, May 31, 2009.

Report: oil production, profits stable in Iraqi Kurdistan

There have been a series of notable energy developments in Iraq recently.

Turkish Foreign Minister Mevlut Cavusoglu (R) and Colombian Vice President and Foreign Minister Martha Lucia Ramirez.

Turkey-Colombia trade doubles in 2021

Turkey has also sought good relations with Venezuela in South America.

Egyptian machinery work at the construction site of a new housing complex north of Gaza City, Gaza Strip, Jan. 11, 2022.

Gaza’s poor, reconstruction projects victims of Russia-Ukraine war

The Russia war on Ukraine took a toll on the Gaza Strip, where the vulnerable population is facing increasing hardships in securing basic necessities as a result of soaring prices, in addition to halting construction projects due to high prices of building materials.

Dubai drivers

Israel-UAE friendship continues with mutual recognition of driving licenses

The agreement has been in the works since shortly after the signing of the Abraham Accords in 2020.

An Uber driver checks his phone application at the company's heardquarters, Cairo, Egypt, Jan. 17, 2018.

Uber faces new competition in Egypt

New ride-sharing competitors are challenging Uber’s longtime monopoly.

Tourists stand at the Mount of Olives

Pandemic no longer Israeli tourism's top problem

The Russian invasion of Ukraine, as well as China maintaining strict COVID-related travel regulations, could present obstacles to a tourism recovery in Israel.

Bahrain's Foreign Minister Abdullatif bin Rashid Al Zayani, Egypt's Foreign Minister Sameh Shoukry, Israel's Foreign Minister Yair Lapid, US Secretary of State Antony Blinken, Morocco's Foreign Minister Nasser Bourita and United Arab Emirates' Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, pose for a group photo following their Negev meeting in the kibbutz of Sde Boker, Israel, March 28, 2022.

Israeli business leaders expect surge in trade with Morocco

Morocco hopes to replicate, and even exceed, Israel-UAE business ties.

India wheat

Egypt looks to India as alternative wheat source to Ukraine

Final talks are being held to send Indian wheat to Egypt, after Russia's invasion of Ukraine disrupted the global supply.

Zero One

Israel’s first digital bank opens for business

Newly authorized by the Bank of Israel, the country’s new digital bank One Zero is taking on several hundred customers each week and 75,000 more people interested in the new platform.

Oman investment

Oman to allow foreign ownership for companies on Muscat stock exchange

The move will help Oman diversify its economy away from dependency on oil. The country has recently sought investment from its neighbors in the Gulf.

A Syrian beekeeper prepares medicine to inject into hives at a bee farm in the rebel-controlled town of Hamouria, in the eastern Ghouta region on the outskirts of Damascus, Syria, Oct. 2, 2016. Honey is used as a homoeopathic treatment for burns and wounds.

Syrians resort to herbal medicine amid drug crisis

The deteriorating living conditions in northwestern Syria and the expensive medical consultations and medicines have prompted Syrian patients to resort to herbal medicine to treat their diseases.

Iraq oil

Russian invasion of Ukraine has sharp impact on Iraq's economy

Russia's invasion of Ukraine has caused shortages of food in Iraq and forced the government to pay more in gasoline subsidies, but the high price of crude oil plus sanctions on Russia has opened new opportunities for Iraq.