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Economy & Business

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

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

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

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

Latest News

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

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

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 taken on March 12, 2019, at the Palais des Festivals in Cannes shows a scale model of the city of Dubai.

Russian, British citizens top buyers of nonresidential property in Dubai

The war in Ukraine is driving more Russians to buy property in Dubai’s flourishing real estate market.

United Arab Emirates

Arab fashion

Arab designers respond to demand for sustainable fashion

In addition to new styles, Arab Fashion Week in Dubai also showcased the work of "slow fashion" designers who are trying to reduce the industry's environmental impact.

KHALED DESOUKI/AFP via Getty Images

How OPEC+ production cut will impact Egypt

Experts say the OPEC+ decision to cut oil production won't hit Egypt as hard as some other countries.

Amazon Egypt storefront.

Amazon Egypt launches page for Egyptian handicrafts

Amazon Egypt launched a new page for thousands of Egyptian handicrafts and heritage products, with the aim of supporting and encouraging Egyptian products.

US President Joe Biden delivers remarks on energy.

Biden announces release of oil reserves following Saudi-backed oil cut

One analyst said the move will not elicit a reaction from Saudi Arabia, which is in a dispute with the Biden administration over the recent OPEC+ oil production decision.

An Iranian Turkman worker packages beluga caviar.

Iran renews ban on sturgeon fishing

The endangered fish is used to make caviar. Israel also has a strong caviar export industry.

Israel Barbivai

Israel, Turkey promote increasing bilateral trade

On an official visit to Turkey, Minister of Economy and Industry Orna Barbivai met with her counterparts, advancing the re-convening of the joint economic conference.

HSBC

HSBC launches new banking service for millionaires in UAE

The UAE is attracting more capital and investment, which has also coincided with financial transparency concerns.

Tunisians line up with their vehicles outside a gas station, Tunis, Tunisia, Oct. 13, 2022.

Fuel shortage, long queues anger Tunisians

Tunisians are growing angry amid successive crises, most recently a fuel shortage, while the government sits idle.

Israel gas

Lebanon asks TotalEnergies to start gas exploration 'quickly'

The move follows Israel and Lebanon finally reaching an agreement on their disputed sea border.

A man walks in front of a screen showing rates against Turkish lira near a currency exchange agency at Kaarakoy in Istanbul on Dec. 16, 2021 in Istanbul.

Erdogan’s staunchest backers 'tired' of interest rate debate

The Turkish president’s controversial economic policies have led to rare public criticism by a business group that has long backed his party.

The national flag of Algeria flies near the Bay of Algiers with the old town of the capital known as the "Kasbah" (L) and cargo containers (R) in Algiers, Algeria, Aug. 25, 2022.

Algeria relaxes rules for foreign investors

Following years of social and political uncertainty triggered by popular uprisings in 2019, Algeria has updated laws to attract investment.