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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 Analyst, Middle East Business & Tech

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

Saudi energy minister Prince Abdulaziz bin Salman

Oil prices rise after Saudi Arabia, Russia extend output cuts

The Kingdom has maintained its oil output cut of 1 million barrels per day since July in an attempt to stabilize the market and prop up prices amid weakened demand.

A Russian flag raised at the Russia Embassy in Washington, DC, April 15, 2021.

US sanctions UAE, Turkey, China firms for allegedly aiding Russia in Ukraine

The move targets the development of Russia’s defense and technology sectors and aims to weaken it in its war against Ukraine.

United Arab Emirates

One-hundred Turkish lira notes on display at a currency exchange in Kuwait City, August 12, 2018.

Turkey’s inflation slightly eases in October, remains above 60%

Following three months of increases, Turkey’s year-on-year inflation slightly eased last month.

Burak Kara/Getty Images

Turkey raises year-end inflation forecast to 65%, amid economic headwinds

The projection has been raised from 58% in July due to weakening global economic activity and oil volatility.

An elderly woman stands with an Israeli flag next to another holding a sign showing the faces of young Israeli hostages held by Palestinian militants since the October 7 attack near Azrieli Mall in Tel Aviv on October 18, 2023. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)

Israel's economic rebound hinges on a limited conflict

A long war with Hamas followed by a re-occupation of Gaza would send Israel into recession and have long-term effects on foreign investment, the government’s fiscal position, and consumer and business confidence.

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

Sultan Al Jaber, COP28 president, speaks at the Plaza Hotel, New York City, Sept. 19, 2023.

COP28 host UAE, EU and US call for agreement to triple renewables by 2030

Barbados, Chile, Kenya, Micronesia, the International Energy Agency and the International Renewable Energy Agency also support the move.

United Arab Emirates

QatarEnergy

Saudi Aramco, QatarEnergy, UAE’s Emirates among Fortune Arabia top 10

The list of 500 companies from 22 Arab countries posted around $1.6 trillion in revenues in 2022, yielding a net profit of $343 billion.

Riyadh

Saudi Arabia's oil cuts weigh heavy on economy, GDP tanks by 4.5%

The kingdom's economy shrunk by the most since the COVID-19 pandemic in 2020 due to energy measures.

TABA, EGYPT: Beach resorts close to the Egyptian Taba Hilton (background-R) remain empty 11 October 2004, four days after three attacks targeted this well-known hotel in the Sinai peninsula next to the Israeli border and another two minor resorts, killing at least 32 people and causing the exodus of thousands of Israeli tourists from the area called the Egyptian Riviera. Israel's resort of Eilat, close to the border with Egypt, is set for a boom as thousands of Israelis who regularly holiday in Sinai look e

Tourism tipping point: Middle East travel boom delivering economic boost as Israel-Hamas war threatens recovery

The outbreak of fighting between Israel and Hamas in October 2023 has undercut a fledgling tourism rebound in the Holy Land after years of struggle.

Fans of Saudi Arabia pose with national flags on the stands ahead of the Qatar 2022 World Cup Group C football match between Saudi Arabia and Mexico at the Lusail Stadium in Lusail, north of Doha on Nov. 30, 2022.

Saudi Arabia set to host 2034 World Cup after Australia withdraws

The kingdom is heavily investing in soccer, golf, MMA and other sports across the world.

INDRANIL MUKHERJEE/AFP via Getty Images

Gaza war could double oil prices, threaten global food security

Washington-based multilateral lender World Bank compared the situation to the 1973 Arab oil embargo in its latest Commodities Market Outlook.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the northern coastal beach of Nasholim, Israel, Aug. 29, 2022.

Israel hands out gas concessions to BP, ENI as Gaza war drags on

Israel is determined to project a "business as usual" stance despite the conflict with Hamas claiming the lives of thousands of Israelis and Palestinians.