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Economy & Business

France's President Emmanuel Macron and Saudi Arabia's Crown Prince Mohammed bin Salman shake hands

France, Saudi Arabia announce more than $10B in deals on MBS visit

Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris.

Leon Neal/Getty Images

Oil falls 1.8% as traders await 'toughest' sanctions on Iran

Traders are awaiting details about new US measures sure to further disrupt Iranian oil flows.

Khor Fakkan Container Terminal

Analysis

UAE-Iran trade relationship becomes key test of Trump’s wartime strategy

The Gulf state suspended trade with Iran after new attacks in August. Experts point to risks for both sides as the Trump administration seeks to squeeze Tehran economically.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

Latest News

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

AHMAD AL-RUBAYE / AFP via Getty Images

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

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

An aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power plant some 12.5 miles outside the central Moroccan town of Ouarzazate, on Feb. 4, 2016.

Egypt secures $220M from domestic, Gulf, Chinese investors for solar project

Foreign investment from three countries comes at a pivotal time in Egypt’s recovery from its worst financial crisis in over six decades.

Palestinian flags fly across from the Reichstag at a pro-Palestine activists camp on July 29, 2025, in Berlin, Germany.

Germany inks $408M arms deal with Israel despite pledge to curb exports over Gaza

Though the new deal involves imports rather than exports, it has raised questions about the broader consistency of Germany’s defense policy, as Berlin has sought to distance itself from Israel’s actions during the Gaza war.

A view of buildings in Abu Dhabi, on June 26, 2023.

Abu Dhabi’s Lunate buys stake in UK hedge fund, launches $2B investment arm

With $1.7 trillion in sovereign wealth, Abu Dhabi has long sought to establish itself as a global financial hub.

United Arab Emirates

uae angola visit

UAE president makes first-ever visit to Angola as part of Africa push

The UAE president’s visit to Angola, his first, marks a major step in the already strong relations between the two nations.

United Arab Emirates

A man watches stock movements on a display at the Dubai Financial Market stock exchange, United Arab Emirates, April 12, 2022.

Analysis

Middle East demand for US debt soars to $400B in turbulent year

The first half of 2025 saw regional investors boost holdings of US Treasuries to record levels, led by the UAE, Israel and Kuwait, as markets digested turbulence from President Trump's trade agenda.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

In this photo illustration, Turkish liras are displayed, on Aug. 27, 2018, in Istanbul, Turkey.

Analysis

Turkey to end costly $60B currency-protection scheme — for now

Ankara could soon close the book on a monetary intervention launched to defend the lira in 2021, the latest pivot back to more conventional economic policies following the country's 2023 presidential election.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

From Kuwait to Turkey, why are countries cracking down on Roblox?

The fast-growing gaming platform has been banned in countries including China, Iran, Oman, Qatar, and Turkey.

Botswana Qatar

Qatari royal expands Africa push with $12B in Botswana after $39B in DRC, Zambia

A Qatari delegation began a tour of 10 African countries on Aug. 13 in Kinshasa, Democratic Republic of Congo, to explore investment opportunities.

A Sudanese merchant weighs pure gold on an electronic scale in the village of al-Shirik in northern Sudan on Aug. 8, 2010.

Sudan restricts gold trade as currency falls: What to know

The UAE, historically the largest importer of Sudanese gold, could be affected by the move, and Khartoum is seeking to reduce exports of the commodity to the Gulf state over a dispute related to the civil war.

ILYAS AKENGIN/AFP via Getty Images

Turkey's electricity use reaches all-time high in hottest July on record

A report found that Turkish electricity needs are skyrocketing as the climate warms.

VistaJet Bombardier Bombardier Global 6000 is landing at Milano Malpensa international airport.

Saudi Arabia licenses charter operator VistaJet as first foreign airline for domestic flights

The Dubai-based private airline group looks to capitalize on the kingdom's growing super-rich luxury travel market.