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Economy & Business

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Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday.

AHMAD AL-RUBAYE / AFP via Getty Images

Here's what to know about Iraq's corruption as Zaidi launches crackdown

Watchdogs and financial institutions regard Iraq as a significantly corrupt country as the new prime minister works to recover public funds.

AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend.

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

Latest News

Analysis

Why the Hormuz oil shock never became an energy catastrophe

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Explainer

Gulf states push incentives for investors, expats after war dents image

FADEL SENNA/AFP via Getty Images

United Arab Emirates

Explainer

After UAE and Qatar, could Iraq be next to leave OPEC?

A worker at a market for fuel oil and automotive fuel on March 17, 2026, in Erbil, Iraq.

Explainer

Syria’s energy push could soon get a major boost from Chevron: What to know

Amjad Kurdo / Middle East Images / 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

Chris McGrath/Getty Images

Tourism up 128% in Turkey with travelers from Germany, Russia

Turkey's foreign visitors are up despite concern that the Russian invasion of Ukraine would hurt its tourism industry this year.

US dollar banknotes and Turkish lira banknotes, photo taken in Istanbul, Turkey, Dec. 7, 2021.

Turkey’s 'covert' interest payments on course to exceed regular ones

The cost of state safeguards in a deposit scheme meant to curb dollarization in Turkey has ballooned to alarming levels as the Turkish lira continues to tumble.

A picture taken in the Saudi Red Sea coastal city of Jeddah on July 14, 2022 shows a Saudi host addressing guests

UAE non-oil trade increases as Gulf state seeks reduced oil dependence

The news follows trade agreements the Gulf state made with Israel and India.

United Arab Emirates

Central Bank of Egypt Gov. Tarek Amer speaks during a press conference, Cairo, Egypt, Nov. 3, 2016.

Egypt's Central Bank governor resigns amid economic crisis

The resignation of Egypt's central bank governor has put the country's economy under pressure.

ABBAS MOMANI/AFP via Getty Images

Israel raises interest rates

The Bank of Israel's latest hike to battle inflation was the biggest in 20 years.

GIUSEPPE CACACE/AFP via Getty Images

UAE-Israel trade already tops last year

The increase in bilateral trade follows the signing of a trade agreement.

ATTA KENARE/AFP via Getty Images

Iran-Pakistan ties tighten in economic commission

Iran has been seeking better ties with the South Asian country since the Taliban takeover in Afghanistan.

SAM YEH/AFP via Getty Images

Giant retail companies to shake up Israeli market

In an effort to lower prices, the Israeli government is encouraging companies such as Carrefour and AliExpress into the domestic market.

A display highlights Mobileye's autonomous driving technology.

Israeli automotive startups dream of becoming next Mobileye

Vying for the same success of Mobileye, which was bought by Intel five years ago for $15 billion, Israeli startups are doubling their efforts to appeal to foreign investors.

Women walk past a vegetable stand, as workers clear the rubble of a building destroyed by Israeli bombing in May 2021, Rafah, southern Gaza Strip, Sept. 30, 2021.

Israel considers issuing work permits to Gazan women

Israel announced it was considering issuing work permits for women in the Gaza Strip, a move Palestinian official and popular bodies questioned the objectives behind, while many women consider it a step toward financial independence.

Egypt power

Egypt creates plan to reduce electricity consumption

The government's plan to reduce wasted electricity is meant to boost natural gas exports to Europe but is receiving some pushback from domestic users.

Negotiations between President Shavkat Mirziyoyev and Crown Prince Mohammed bin Salman Al Saud took place in Jeddah Aug. 18, 2022.

Saudi Arabia strengthens ties with Uzbekistan via wind power, investment deals

Uzbekistan’s relations are also improving with the United Arab Emirates and Israel.