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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

KHALED DESOUKI/AFP via Getty Images

UAE’s AD Ports to develop Egypt Red Sea cruise terminals despite instability

Attacks by the Iran-backed Houthis on international ships have prompted some firms to steer clear of the waterway.

Kemi Badenoch 1

UK, Turkish trade ministers meet in Turkey, announce joint railway deal

The two countries have an existing trade deal that covers goods but not services, digital trade or data.

An Iran Air Boeing 747 passenger plane sits on the tarmac of the domestic Mehrabad airport in the Iranian capital, Tehran, on Jan. 15, 2013.

Why has Iran Air abandoned plans to relaunch Saudi Arabia flights despite detente?

The Iran Air flights to Saudi Arabia were intended to transport pilgrims to Jeddah and were scheduled to take off from Tehran, Mashhad and Isfahan on Wednesday.

stock photo of market

Turkey’s year-end inflation soars to almost 65%

Newly announced minimum wage hikes and upcoming pay raises for public servants, workers and pensioners bode a resurgence of price spikes across the board.

People attend the International E-Sport Gamers forum Next World in the Saudi capital, Riyadh, on Sept. 7, 2022.

Saudi PIF invested $31.6B in 2023, record in global sovereign wealth funds

The PIF is estimated to have nearly $800 billion in assets and wants to become the world’s largest sovereign wealth fund by 2030.

Turkish President Recep Tayyip Erdogan.

Turkey’s exports to Saudi Arabia, UAE and Russia shoot up in 2023: Erdogan

The Turkish president also said the country’s total export revenues reached an all-time high.

A worker arranges products on a shelf as nearby labels reading in Arabic "national product" are displayed on packaged items at a supermarket in Ramallah in the occupied West Bank on December 26, 2023, as part of a wider campaign urging Palestinians to boycott Israeli products and buy locally made goods. Since the war in Gaza began, a slew of boycott posters, stickers and leaflets has cropped up across the occupied West Bank. Many Palestinians are looking for alternatives as calls to ban Israeli goods also g

Prospects dim for post-war Palestinian economic recovery

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

An employee of the Saudi Arabian Mining Company (Ma’aden) is pictured in this undated image.

Saudi mining firm Ma’aden announces gold discovery

Saudi Arabia seeks to boost its mining sector, including via investment at home and abroad.

A man works in a vegetable field in Fujairah on November 28, 2023. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Global food demand to give Gulf’s liquids-to-chemicals strategy a leg up

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

The Container ship Maersk Bratan" is discharged at the terminals of HHLA (Hamburg Port Logistics Inc) in Hamburg on June 22, 2022.

Explainer: Major shipping giants resume Red Sea routes amid Houthi attacks

The Iran-backed Houthi rebels in Yemen have fired on international ships and Israel’s port in the Red Sea since the Gaza war began, wreaking havoc on the global shipping industry.

Ronald Al Nassr

Analysis

2023 in review: The year Saudi Arabia became sports superpower

The kingdom has been laying the groundwork to become a sporting leader for decades, but this year marked a turning point as investment ramped up.

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

A Maersk container ship sails through the new section of the Suez Canal.

Houthi attacks: Hundreds of ships to reroute from Red Sea, 44% cost spike for China

The Red Sea is one of the world’s most important shipping routes for oil, fuel and consumer goods, and shipments between Asia and Europe typically go through the sea and the Suez Canal.