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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

OZAN KOSE/AFP via Getty Images

Turkey cuts interest rates as Erdogan continues to defy economic wisdom

President Recep Tayyip Erdogan continues to lower interest rates to stimulate economic growth as inflation runs rampant in Turkey.

A flame from a Saudi Aramco oil installation known as Pump 3 is seen in the desert near the oil-rich area of Khouris, 160 kilometers east of Riyadh, on June 23, 2008.

Oil prices fall to another low

Saudi Arabia has benefited from high oil prices this year, though prices appear to be falling somewhat on the back of production increases.

A sculpture of an Israeli soldier standing guard is seen next to a sign for tourists showing the distance to Damascus and Baghdad.

Syria, Iraq form joint business council

Relations between Syria and Iraq were poor in the 20th century but have gradually improved in the security and economic spheres in recent years.

Jordan tourism

Jordan’s tourism revenue triples

The increase follows Syrians being able to travel easily to Jordan again.

BAY ISMOYO/AFP via Getty Images

Israeli delegation pays rare visit to Indonesia

While Jakarta is reluctant to advance diplomatic ties with Jerusalem, there is room to expand trade and economic relations.

Drew Angerer/Getty Images

Saudi Public Investment Fund acquires shares in Amazon, Google, Uber

The sovereign wealth fund led by the crown prince has shown a strong interest in technology such as video games.

Press conference after meeting in the western Cypriot city of Paphos, on April 16, 2021.

Emirates launches codeshare deal with Aegean as UAE-Greece ties continue to strengthen

The United Arab Emirates and Greece have signed a variety of political, defense and economic agreements in recent years.

United Arab Emirates

A man walks past a currency exchange office on May 05, 2022, in Istanbul, Turkey.

Money inflows of unknown origin headed for record in Turkey

As Turkey’s current account deficit continues to widen in the coming months, foreign currency inflows of unknown origin might end up covering more than 70% of the gap.

YASIN AKGUL/AFP via Getty Images

Tracker: ships carry grain from Ukraine to Middle East

Ships have left Ukraine for Turkey, Iran and elsewhere since the agreement between Ukraine and Russia on safe passage through the Black Sea.

JOHN THYS/AFP via Getty Images

Shipping giant Maersk to invest $500 million in Suez Canal

The investment comes as the canal strives to go green following record-setting revenues.

Egyptian Minister of Foreign Affairs and upcoming Chairman of the COP27 Sameh Shoukry is seen at a press conference after the May Ministerial - World Climate Leaders Meeting, Copenhagen, Denmark, May 13, 2022.

Egypt to mobilize investments for climate projects ahead of COP27

The first regional forum organized by the Egyptian presidency of the UNFCCC COP27, among five forums aimed at encouraging investment in climate action, kicked off in Addis Ababa Aug. 2.

Syrian laborers work at a clothing workshop in Damascus on Feb. 2, 2016.

Syria and North Korea discuss repairing Syrian engineering and industrial sectors

Syrian industry has experienced substantial losses as a result of the war between government and rebel forces.