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Economy & Business

Lebanese Presidency

Large UAE delegation set to arrive in Lebanon in major investment push

A large Emirati delegation of around 70 business leaders and government officials is heading to Beirut, in the latest sign of thaw between the United Arab Emirates and Lebanon.

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

Latest News

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

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

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

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 picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

ADNOC, BP form natural gas joint venture in Egypt

The British energy major said Wednesday it would contribute its interests in three development concessions and exploration agreements in Egypt to the joint venture.

Prince Abdulaziz 1

Saudi energy minister reveals why Aramco cut oil target by 1m bpd

In January, the world's biggest corporate crude producer said it would halt its oil expansion plan and set a minimum sustained production capacity of 12 million bpd, 1 million bpd below its target announced in 2020 to be reached in 2027.

Visitors stop at the Aramco exhibition section at the Misk Global Forum on innovation and technology held in the Saudi capital Riyadh on November 13, 2019. - The Misk non-profit foundation was established by Saudi Arabia's powerful crown prince, Mohammed bin Salman to empower Saudi youths through cultivating learning and leadership. (Photo by FAYEZ NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Aramco pivots investment plans as deals beckon in key Asian growth markets

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A pedestrian walks past a branch of a Lloyds Bank in London on Feb. 24, 2021.

Analysis

Iran's use of 2 UK banks to evade sanctions tests West's financial systems

The Financial Times reported earlier this week that Lloyds Bank and Santander UK provided accounts to companies with links to Iran’s intelligence services.

In Bristol, reporting on regional business, climate change, AI, tech

An oil tanker waits near the Marathon Anacortes Refinery, operated by Marathon Petroleum, in Anacortes, Washington, March 8, 2022.

US sanctions UAE entities for allegedly violating Russian oil price cap

The US Treasury Department also moved to crack down on entities buying diamonds from Russia, a key revenue stream for Moscow amid its war against Ukraine.

United Arab Emirates

A man poses for video outside a Starbucks coffee shop in a market area in Dubai on May 18, 2023.

US firm mulls stake in Starbucks Middle East franchise as local competition heats up

Apollo Asset Management's reported interest comes after the coffee chain said boycotts related to the Gaza war had hurt its regional business.

ISMAILIA, EGYPT - JANUARY 10: A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. In the wake of Israel's war on Gaza after the October 7 Hamas attack on Israel, Houthi rebels in Yemen pledged disruption on all ships destined for Israel through the Red Sea's Suez Canal. The disruption on world trade is evident in the number of companies using this container ship route - a 90 per cent decline compared to figures one year ago. (Photo by Sayed Hassan/Getty Images)

Middle East-China trade prospects remain robust despite Red Sea crisis

Howard J. Shatz

Howard J. Shatz

An Egyptian woman shops at a fruit market in Cairo, on March 17, 2022.

What’s behind Egypt decision to raise minimum wage, government salaries by 50%?

Egypt’s economy has suffered from high inflation for years, and now the spillover from the Gaza war is exacerbating the situation.

A sign for the London Metal Exchange (LME).

London Metal Exchange to build delivery centers in Saudi Arabia

Investors and mining companies are bracing for a wave of exploration licenses awarded in Saudi Arabia after the kingdom nearly doubled its untapped mineral estimate to $2.5 trillion and announced new incentives for miners in January.

A billboard with pictures of Indian Prime Minister Narendra Modi (L) and President of the United Arab Emirates (UAE) Sheikh Mohammed bin Zayed Al Nahyan.

Gulf-India relations boosted by UAE deals, Saudi Aramco talks

India has made deals with the UAE and Qatar recently, and trade between India and the GCC is rising.

Farmers spray grapevines at a vineyard in Souidania town, 15 Km west of the Algerian capital, on May 16, 2022. (Photo by RYAD KRAMDI / AFP) (Photo by RYAD KRAMDI/AFP via Getty Images)

Algeria to miss its 2024 food import reduction target amid worsening drought conditions

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

FAYEZ NURELDINE/AFP via Getty Images

Saudi inks $3.2B missile defense deal with South Korea as Iran attends expo

The World Defense Show has yielded deals between Saudi Arabia and South Korea and may lead to the strengthening of the kingdom’s ties with Iran, the United States and others.