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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

A customer orders food at a Chipotle restaurant on April 26, 2022, in San Francisco, California.

Chipotle opens restaurant in Kuwait, its first in Middle East

The Mexican-style food chain’s entry into the Middle East comes as Western brands in the region deal with the effects of Gaza war-related boycotts.

This photograph taken on Sept. 22, 2022, shows logos of TotalEnergies.

Oman LNG deal spree continues with France's TotalEnergies

The French energy major is also working on the Marsa project in Oman, which it claims is the first LNG bunkering hub in the Middle East.

Nuclear energy ambitions near inflection point in the Middle East

Samuel Wendel

In Washington, DC, reporting on regional business and tech

DXB chaos

Emirates suspends check-in as Dubai airport grapples with flood backlog

Amid the devastating floods that have paralyzed the UAE, Emirates suspending check-in for travellers with onward connections through Dubai Friday.

United Arab Emirates

NEW YORK, NEW YORK - JANUARY 09: The exterior of the new headquarters of Google is seen at 550 Washington Street in Hudson Square on January 09, 2024 in New York City. Designed by COOKFOX Architects, the 1.3-million-square-foot project involved the restoration and expansion of the St. John’s Terminal building along the Hudson River waterfront. (Photo by Michael M. Santiago/Getty Images)

Google fires 28 staffers after protesting Israel cloud contract

More than two dozen staff members have been fired after being arrested for protesting Google’s involvement in Project Nimbus, a $1.2 billion Israeli government cloud contract that also includes e-commerce giant Amazon.

Did Gaza protests force Algeria's first KFC restaurant to close?

Three days after opening its first branch in Algeria, KFC is facing protests over alleged support for Israel amid conflicting reports on its closure on Wednesday.

Dubai floods

Dubai floods bring travel to halt after heaviest UAE rainfall on record

The National Center of Meteorology said the downpour was the largest volume of rainfall the UAE has experienced since data collection started 75 years ago.

United Arab Emirates

VICTORIA VALDIVIA/Hans Lucas/AFP via Getty Images

Starbucks pledges $3M to World Central Kitchen for Gaza meals

The coffee giant has announced a large donation to the aid group World Central Kitchen, which lost seven of its staff members earlier this month in an Israeli airstrike.

ODD ANDERSEN/AFP via Getty Images

UK’s easyJet suspends Israel flights through October after Iran attack

Britain’s biggest low-cost airline has suspended all service to Israel following Iran’s unprecedented attack on the Jewish state over the weekend.

Michael M. Santiago/Getty Images

Microsoft pumps $1.5B into UAE's G42 amid US-China tech power struggle

Washington reportedly threatened to punish G42 if it did not reduce its ties with Beijing and strengthen its US commitments.

United Arab Emirates

LOIC VENANCE/AFP via Getty Images

Turkey: Meta temporarily shuts down Threads following government order

It remains unclear whether the platform will become available again in Turkey.

ROY ISSA/AFP via Getty Images

How Iran's attack on Israel is disrupting air traffic

The weekend's Iranian attack has massively disrupted air traffic across the region.