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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

Israel cannabis

Cannabis sales grow in Israel

The Lod-based company Panaxia reported increased revenues from the Israeli market for its sales of medical cannabis in 2021.

MOHAMED EL-SHAHED/AFP via Getty Images

Egyptian economy experiences 'sharp fall' from Ukraine war

According a S&P Global, Egypt’s non-oil sector has taken a subtantial hit, and the government is focusing on wheat imports in particular.

French Economy Minister Bruno Le Maire, Egyptian Prime Minister Mostafa Madbouli, and Egyptian Trade and Industry Minister Nevine Gamea.

Egypt, Israel expand economic ties

Cairo and Tel Aviv strengthen trade and economic cooperation and increase their export capacity under the protocol of the Qualified Industrial Zone.

Palestinian man hangs clothing and other items to sell with the hope of getting some income.

Japan to help struggling Palestinian tourism industry

A Japanese nonprofit is also supporting a female-run dairy farm in the Gaza Strip.

Burak Kara/Getty Images

Turkey inflation hits 61% as fallout from Ukraine war continues

Consumer inflation has surged to a fresh two-decade high in Turkey as external headwinds spawned by Russia’s invasion of Ukraine add to the country’s own economic woes.

An Israeli consultant trades the cryptocurrency bitcoin online, Tel Aviv, Israel, Jan. 17, 2018.

Israel takes global lead in fintech

Effects of the war in Ukraine set aside, the Israeli fintech sector is expected to continue growing this year and attract more global investments.

An Egyptian farmer works in a cotton field in the Nile Delta town of Kafr el-Sheikh, Egypt, Sept. 13, 2018.

Egypt cotton exports record high revenues despite Russia-Ukraine war

Despite the Russian war on Ukraine and its negative repercussions on global trade, Egypt succeeded in exporting 50,000 tons, or up to 75%, of its cotton production this season.

Egypt finance

How religious convictions influence business culture in Egypt

Recent fatwas remind Egyptian Muslims that receiving interest on a savings account is permitted, but profiteering from scarce supplies is not.

Saudi immigrants

Saudi Arabia, Pakistan work on long-term business strategy

Qatari liquefied natural gas carrier Duhail passes through the Suez Canal near the port city of Ismailia, Egypt, April 1, 2008.

Egypt turns to Suez Canal to boost revenues

The waterway’s authority has announced significant increases in transit tolls in recent weeks that are expected to bring in much-needed additional resources to help Cairo navigate its economic challenges.

A worker is seen at an oil refinery near the village of Taq Taq, in the autonomous Kurdistan Region of Iraq, May 31, 2009.

Report: oil production, profits stable in Iraqi Kurdistan

There have been a series of notable energy developments in Iraq recently.

Turkish Foreign Minister Mevlut Cavusoglu (R) and Colombian Vice President and Foreign Minister Martha Lucia Ramirez.

Turkey-Colombia trade doubles in 2021

Turkey has also sought good relations with Venezuela in South America.