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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 man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022. Shares in the Dubai Electricity and Water Authority (DEWA) rose 16 percent on April 12 in the Gulf region's biggest initial public offering since Saudi oil giant Aramco in 2019. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Middle East economic outlook dims amid turbulent start to 2024

A Starbucks store stands in Manhattan on January 30, 2024 in New York City. The global coffee chain officially introduced its extra virgin olive oil-infused drinks on Tuesday. Named Oleato, the drinks debuted in Italy in February 2023 and arrive in stores on the same day Starbucks will report fourth-quarter earnings. (Photo by Spencer Platt/Getty Images)

Starbucks feels Gaza boycott heat, cuts sales forecast as BDS targets Chevron

The two companies are being targeted by campaigners over perceived support for sides in the Israel-Hamas war.

A shipment of 155mm artillery shells used by the Israeli army is transported on a truck along a highway between the Jerusalem and Beersheba in southern Israel on October 14, 2023. (Photo by Yuri CORTEZ / AFP) (Photo by YURI CORTEZ/AFP via Getty Images)

Gaza war brings sharp rise in Israeli defense procurements

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

GIUSEPPE CACACE/AFP via Getty Images

Why has Saudi Arabia ordered Aramco to halt its plan to raise oil production?

The move may be simply a cost-cutting strategy, or it could be driven by a new, less optimistic outlook from the world's largest crude producer on future oil demand.

A seal on the exterior of the US Department of Treasury building, March 13, 2023.

Who are the Iranians sanctioned by US, UK for murder plots against dissidents?

One of the plots culminated in the 2019 assassination of Iranian government critic Mas’ud Vardanjani in Istanbul, according to a statement by the US Treasury Monday.

Tourists ride in a horse-drawn carriage near the art installation "Temple" by French artist Stephan Breuer and the Pyramid of Menkaure or Menkheres (front) and the Pyramd of Khafre or Chephren (behind) during the third edition of the "Forever is Now" art exhibition by Art d'Egypte at the Giza pyramids necropolis on October 28, 2023. (Photo by Khaled DESOUKI / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by

Analysis

Egypt's tourism boom offers respite from foreign currency woes, Gaza war

Egyptian tourism revenues and the number of holidaymakers visiting reached record highs in 2023 but will unlikely be enough to cure Cairo’s financial problems.

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

PORTLAND, OREGON - JANUARY 9: An Alaska Airlines Embraer aircraft is seen taking off at Portland International Airport on January 9, 2024 in Portland, Oregon. NTSB investigators are continuing their inspection on the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft following a midair fuselage blowout on Friday, January 5. None of the 171 passengers and six crew members were seriously injured. (Photo by Mathieu Lewis-Rolland/Getty Images)

Boeing crisis opens door for Airbus to win new Middle East deals

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Photo illustration of a selection of front pages from UK daily national newspaper coverage, London, Jan. 18, 2024.

Analysis

UAE-backed fund's planned Telegraph takeover raises press freedom fears

Members of parliament and former state security figures have raised concerns about what it would mean for an entity with close ties to a foreign government to own one of the United Kingdom’s most influential newspapers.

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

KHALED DESOUKI/AFP via Getty Images

Egypt to give Cairo's historic downtown major facelift

The project is part of a wider plan to develop Cairo’s downtown area to boost tourism and the economy.

Turkey inflation 1

Turkey’s Central Bank raises interest rates to 45%

A pause in hikes will follow, ahead of upcoming local elections in March, when Turkish President Recep Tayyip Erdogan is looking to regain control of key cities.

GAVRIIL GRIGOROV/AFP via Getty Images

What does Sisi-Putin latest nuclear plant deal mean for Egypt, Russia?

Egypt is hoping nuclear energy will help meet its substantial power needs as Russia eyes a greater nuclear foothold in the region.

Lebanese bartender Hadi Ghassan prepares a drink behind the counter at "Meraki Riyadh", a pop-up bar offering non-alcoholic bellinis and spritzes, served in chilled cocktail glasses, in Riyadh on January 23, 2024. The bar's success highlights widening acceptance of more daring non-alcoholic fare even as booze itself remains strictly off-limits in the Gulf kingdom, home to Islam's holiest sites. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What does Saudi's first-ever alcohol store say about new Gulf culture?

Alcohol-free 'mocktails' are also becoming increasingly popular across the region.