Industry & Minerals

diamonds

Explainer

Qatar launches diamond exchange as Hormuz crisis chokes LNG exports

Qatar's new diamond exchange is an effort to diversify from the country's main exports, LNG and petroleum products, which have been severely cut as a result of the Iran war and the Strait of Hormuz crisis.

Canada's Mark Carney (L) and Saudi Arabia's Crown Prince Mohammed bin Salman (R) met on the heels of the NATO summit in Riyadh on July 9, 2026.

Analysis

Carney bets on Saudi Arabia to help reduce dependence on US: What to know

Canada is seeking to diversify away from the United States, with Saudi Arabia and other Gulf states offering key energy and industrial benefits.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

BEIJING, CHINA - MAY 14: Chinese Foreign Minister Wang Yi (R) shake hands with Omar Seddik, Sudan's newly appointed foreign minister before their meeting during the China-CELAC Forum at Diaoyutai State Guest House on May 14, 2025 in Beijing, China. The summit includes China's key Latin American trade partners, and comes as Beijing and Washington work on defusing a trade war. (Photo by Florence Lo - Pool/Getty Images)

Explainer

China expands Sudan footprint through ports, debt relief, mining

Reports have emerged of a potential $300 million copper mining deal between the Sudanese government and a Chinese company.

Aluminum from Dubai sits in the BMW Landshut factory on Oct. 25, 2024 in Ergolding, Germany.

Analysis

Gulf aluminum pursues global deals as Hormuz crisis accelerates shift

Gulf aluminum exporters are targeting global deals amid fallout from the US-Israel-Iran war, which has pushed prices to multiyear highs in early June.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Iran war hits Gulf aluminum exports, risking nearly 10% of global supplies

Aluminum ingots in the Aluminium Dunkerque plant of the American Industrial Partner group on Jan. 13, 2022, in Loon-Plage, near Dunkirk, France.

UAE’s DP World names new leadership after CEO leaves over alleged Epstein ties

SYDNEY, AUSTRALIA - JANUARY 20: A general view of DP World Australia at Port Botany on January 20, 2024 in Sydney, Australia. The Guardian reported that workers at DP World have been involved in industrial action since October 2023. Actions include limited stop-work orders, as the union seeks a 16% pay increase over two years. The stevedore company manages some 40% of container traffic in Australia. A protracted industrial dispute would have severe knock-on effects on supply chains and businesses small and

United Arab Emirates

Gulf markets recover after gold rout, buoyed by Iran de-escalation hopes

A woman checks a window shop at a jewelry store in Dubai, on March 10, 2025.

United Arab Emirates

Gold hits $5,300 as UAE market adjusts to record prices

A salesman arranges gold jewelry at Dubai Gold Souk, on Nov. 25, 2020, in Dubai, United Arab Emirates.

United Arab Emirates

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef addresses the Future Minerals Forum in Riyadh, on Jan. 14, 2026.

Interview

Saudi Arabia keeps doors open to US, China in critical minerals race

Washington is playing catch-up with Beijing to get its slice of the critical minerals sector, which is essential to strategic industries like clean energy, defense and electronics.

Bandar Alkhorayef

Bandar Alkhorayef

Saudi Minister of Industry and Mineral Resources

FAYEZ NURELDINE/AFP via Getty Images

Saudi SABIC sells $950M in overseas assets amid global chemicals slump

The global chemicals industry is facing a slowdown due to high energy prices, stagnant economic growth, investment shifts and trade tensions.

Railroad tracks by a quarry at the Jubail Industrial City, north of Dammam, in Saudi Arabia's Eastern province, overlooking the Gulf, Dec. 11, 2019.

Saudi Arabia awards record number of mining licenses in Vision 2030 push

Riyadh estimates the country’s mineral resources to be worth $2.51 trillion.

U.S. President Donald Trump (R) shakes hands with President of Turkey Recep Tayyip Erdogan in the Oval Office at the White House on September 25, 2025 in Washington, DC. Trump has signaled that the U.S. might lift a ban on F-35 sales to Turkey during Erdogan's first visit to the White House since 2019. (Photo by Andrew Harnik/Getty Images)

Turkey, US push toward $100B trade goal as Bolat heads to Washington

Bilateral trade between the United States and Turkey reached almost $43 billion in 2024, according to the US trade representative.

US President Donald Trump and Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia stand for a photo.

US-Gulf critical minerals ties deepen as Saudis strike rare earths deal

The Nevada-based producer said the new joint venture will develop a refinery capable of processing raw materials from Saudi Arabia and abroad to supply manufacturing and defense industries in both countries.

Russian President Vladimir Putin meets with Egyptian President Abdel Fattah El-Sisi at the Kremlin in Moscow, on May 9, 2025.

Egypt, Russia advance construction at Dabaa nuclear plant: What to know

The Dabaa nuclear plant could help Egypt address its energy woes while boosting cooperation with Russia.

Minister of Industry, Mine, and Trade Seyed Mohammad Atabak departed Tehran for Tashkent.

Iran, Uzbekistan eye $5B in trade, mining investment: What to know

Iranian Minister of Industry, Mining and Trade Seyed Mohammad Atabak made deals with his counterparts in Uzbekistan in Tashkent this week.

Picture of ore as mineral cassiterite (SnO2).

US, UAE strike $1.8B critical mineral venture amid China tensions and Gulf rivalry

United Arab Emirates

Residents of the city of Gabes carry placards during a demonstration on Oct. 15, 2025, to demand the closure of chemical factories.

Over 200 hospitalized in Tunisia’s Gabes as anger over pollution crisis grows

President Kais Saied is facing one of his biggest challenges yet as demands for the closure of the city’s phosphate processing plant increase.

A ship sails along Egypt's Suez Canal near Ismailia, on April 16, 2025.

China deepens textile investments in Egypt's Suez Canal Zone

The agreements will establish new textiles factories covering 238,000 square meters, which are expected to create more than 3,000 direct job opportunities.

aluminium-dutton

Saudi, Chinese companies to develop giant aluminum industrial hub in Riyadh

The new industrial base is set to cover 1.5 million square meters and will be developed in two phases, with the first expected to be completed in 30 months and create more than 1,800 jobs.

The Saudi delegation meets with Vietnamese officials in Hanoi, Sept. 29, 2025.

After China, Saudi industry minister visits Vietnam in eastward economic push

Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef met with a number of Vietnamese officials on Monday as the oil-rich Gulf kingdom looks east to diversify its economic alliances.