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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 man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022. - Shares in the Dubai Electricity and Water Authority (DEWA) rose 16 percent on April 12 in the Gulf region's biggest initial public offering since Saudi oil giant Aramco in 2019. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

GCC capital investment linked to global market volatility

In Washington, DC, reporting on regional energy

Sean Gallup/Getty Images

France’s TotalEnergies sells stake in Iraqi Kurdish oil field

The sale follows the Iraqi federal government pressuring international firms to pull out of the autonomous region, which has led to concern from the US State Department.

VLADIMIR SMIRNOV/AFP via Getty Images

Erdogan looks to Putin to ease foreign currency woes

An extraordinary uptick in capital flows of unknown origin to Turkey has left many wondering whether Russian money could be involved.

A man walks past a currency exchange shop displaying a giant US dollar banknote, Cairo, Egypt, Nov. 3, 2016.

Egyptian pound continues to lose value

Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices.

Iran uzbekistan

Iran strengthens ties to Central Asia with Uzbekistan deals

The two states pledged to cooperate on energy, transportation and more, including the strategic Chabahar port.

Ohood

Minister for the Future says 'Projects of the 50' aims to make UAE global hub

Ohood Khalfan Al Roumi, the UAE's minister of state for government development and the future, explains the Gulf state's strategic plans over the next half-century.

The platform of the Leviathan natural gas field in the Mediterranean Sea

Israeli natural gas revenues boom

With a projected increase in output, Israel will have the opportunity to boost exports to Europe.

KHALED DESOUKI/AFP via Getty Images

Another illegal dig unearths archaeological discovery in Egypt's Giza

After a recent bust in Giza, archaeologists continued to be alarmed by illegal excavations and antiquities smuggling.

A general view taken on May 29, 2019, shows the seafront promenade in the Emirati capital, Abu Dhabi, with the ADNOC headquarters.

Dubai supplier to replace coal with natural gas in bid to reduce carbon emissions

The Abu Dhabi National Oil Company signed an agreement to provide Dubai with natural gas, which will be used to generate electricity. Natural gas is a relatively clean fuel but does lead to carbon emissions.

United Arab Emirates

Israeli Economy and Trade Minister Orna Barbivai signing an MOU for cooperation on trade and production with Emirati counterparts, Dubai, June 1, 2021.

Israel-Gulf trade flourishes in two years of Abraham Accords

Bahrain and the UAE expect that the scope of bilateral trade with Israel will continue to grow significantly in coming years.

AFP via Getty Images

With warming of diplomatic ties, Israel, Turkey expect bilateral trade boom

Now that diplomatic relations have improved, Israel hopes to increase and expand its exportations to Turkey in fields such as water treatment, smart agriculture and energy.

NATALIA KOLESNIKOVA/AFP via Getty Images

Egypt to adopt Russian Mir payment system to encourage tourism, trade exchange

Russian tourists and companies will be allowed to pay through the Russian Mir system in Egypt ahead of the winter season, which Cairo is hoping will boost its tourism sector.