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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

AHMAD HASSAN/AFP via Getty Images

Abu Dhabi firm to create new shipping terminals, cruise lines for Egypt

Egypt is seeking to increase revenues from its ports as the economy struggles.

GIUSEPPE CACACE/AFP via Getty Images

Explainer: Oman may follow as most Gulf central banks raise rates

Inflation in the Gulf has not been as severe as in other parts of the region.

Inflation soared to nearly 70% (69.97%) over one year in April in Turkey.

Turkish inflation jumps from 20% to 70% in just six months

Even if monthly price increases ease to an average of 5% in the coming months, Turkey would face an annual consumer inflation of over 100% in the fall and finish the year with a rate of some 90%.

STEFANI REYNOLDS/AFP via Getty Images

OPEC+ alliance endorses slight increase in oil production

Saudi Arabia, the UAE and other have largely resisted US calls to boost production but settled on a marginal increase today.

NIKOLAY DOYCHINOV/AFP via Getty Images

Bulgaria looks to Turkey for help with gas shortage

Russia has cut gas exports to Bulgaria, leaving Sofia looking to Ankara, which has some tough decisions to make.

Carbon capture

Egypt to store carbon with Italy’s Eni

The Italian energy company is pursuing increased cooperation with Egypt as well as Algeria.

Stock market brokers work at the Egyptian Exchange, Cairo, Egypt, Jan. 6, 2013.

Egypt to list army-owned companies on stock exchange

Egypt plans to list army-owned companies on the stock exchange before the end of the year, after repeated delays.

A Saudi man browses through Twitter on his desktop, Riyadh, Saudi Arabia, Jan. 30, 2013.

Analysis

US praises Saudi progress on intellectual property, notes issues in Egypt, Turkey

The Office of the US Trade Representative said that pharmaceutical product inspection in Turkey and illegal streaming in Egypt are key issues.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Isabel Infantes/Getty Images

Explainer: Algeria-Spain gas controversy

The disagreement relates to both countries' troubled history with Morocco over the Western Sahara territory.

AHMAD HASSAN/AFP via Getty Images

Egypt’s non-oil exports up 20% at start of 2022

Egypt’s main exports are related to oil and the non-oil sector has been hurt by the war in Ukraine.

MOHAMMED ABED/AFP via Getty Images

Israel reopens crossing to Gaza workers

After Gaza took huge financial and economic losses in just three days of closure, Israel has reopened the border to a small number of workers.

General view of the Emirates' Central Bank, Dubai, United Arab Emirates, Jan. 3, 2017.

UAE announces date for auction of dirham bonds

The Emirati government began selling bonds for the first time last year in a bid to diversify financially. This is the first time bonds will be sold in the local currency, as opposed to the US dollar.

United Arab Emirates