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Economy & Business

People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025.

Trump earns $810M from UAE-backed crypto firm: What to know

According to the disclosure, Trump earned $810 million from crypto token sales and sales of interests in UAE-backed World Liberty Financial.

United Arab Emirates

Omar Albaw / Middle East Images / AFP via Getty Images

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.

Latest News

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

AFP via Getty Images

Interview

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

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

Olivier Badard

CEO of Armada Holding

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

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

Russian tourists are seen swimming and snorkeling in the Red Sea resort of Sharm el-Sheikh, Egypt, Sept. 29, 2021.

Egypt looks to Gulf to revive tourism sector affected by Russian-Ukrainian war

Egypt is seeking to increase Arab tourism from the Gulf at a time when this vital sector has struggled to overcome the recession it suffered with the Russian invasion of Ukraine.

YAMIL LAGE/AFP via Getty Images

Cuba seeks food security help from Iranian private sector

Iran and Cuba also pledged to boost trade during a summit in Tehran.

Egypt's President Abdel Fattah al-Sisi presents his national statement.

Egypt invests more than $1 billion in green projects ahead of COP27

Egypt is expanding its implementation of green projects ahead of hosting the 2022 UN Climate Change Conference.

A real estate advertising offers apartments and houses with the view on the canal, in the small coastal village of Karaburun, near Istanbul, on June 12, 2018.

Erdogan’s home loan incentives threaten to fan inflation

A further increase in already skyrocketing home prices appears inevitable in Turkey following Erdogan’s announcement of loan incentives, a move that many pundits see as pouring fuel on the inflation fire.

Egyptian men work in a bakery at a market in Cairo, on March 17, 2022.

What do rising wheat prices, India’s export ban mean for Egypt?

Egypt is seeking to import wheat from India due to the Russian war on Ukraine.

The platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the northern coastal city of Caesarea, Israel, Feb. 24, 2022.

Global energy crisis opens possibilities for Israeli natural gas

Experts say that the global energy crisis is exactly the moment when Israel must expand its natural gas export quotas.

This picture taken on Nov. 17, 2019, shows the Liberia-flagged container ship RDO Concord sailing through Egypt's Suez Canal.

Ukraine war drives more traffic to Egypt's Suez Canal, increasing revenues

Although Egypt is being adversely affected by the war in Ukraine, the Suez Canal is benefiting greatly from Western countries sailing into the Gulf in search of oil.

Dubai airport

Dubai airport’s passenger traffic reaches pre-pandemic levels

Air travel in the UAE has returned to normal after the industry suffered major losses due to virus-related travel restrictions.

United Arab Emirates

This photo illustration shows Chinese 100 yuan notes in Beijing on Jan. 14, 2020.

Egypt considers issuing bonds in China’s yuan

Saudi Arabia may also price oil sales in the Chinese currency.

n Emirati man follows the market's movement at the Dubai Financial Market.

UAE meets $400 million target in first bond auction

The Emirati government decided to sell bonds in dirhams to boost the local banking sector and diversify financially.

United Arab Emirates

UK Prime Minister Boris Johnson (R) and Iraqi Kurdistan Regional Government Prime Minister Masrour Barzani.

Russian ambassador to Iraq: ‘No objections’ to Kurdistan Region exporting gas to Europe

Elbrus Kutrashev spoke to the Kurdish news outlet Rudaw about plans to export natural gas from the autonomous part of northern Iraq to Europe in response to the war in Ukraine.

KARIM SAHIB/AFP via Getty Images

Passenger traffic at Abu Dhabi airports triples, aided by travel from India

The quarterly results from airports in Abu Dhabi indicate that the air travel industry in the United Arab Emirates has recovered from the COVID-19 pandemic.

United Arab Emirates