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Economy & Business

Saudi Arabia football supporters wave flags

China-Saudi consortium wins $306M World Cup stadium deal: What to know

The project is a vote of confidence to Saudi Arabia's ambitious Vision 2030 agenda to diversify the economy away from oil, despite an uptick in attacks by Yemen's Houthi rebels on the kingdom in recent weeks.

The Chinese-flagged container shipping vessel Hui Fa transits the Gulf of Oman off the coast of Khor Fakkan in the emirate of Sharjah east of the UAE, on Oct. 13, 2026.

Gulf oil exports surpass prewar levels despite escalating tanker attacks

According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million.

In Bristol, reporting on regional business, climate change, AI, tech

Benoit Tessier / AFP via Getty Images

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption.

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Explainer

Indonesia first foreign country to own property in Saudi Arabia's Mecca

Vehicles move along a main street in Saudi Arabia's holy city of Mecca on Sept. 16, 2026.

Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks

FAYEZ NURELDINE/AFP via Getty Images

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

How much oil can cushion another Middle East supply shock?

A vessel transits the Gulf of Oman

In Bristol, reporting on regional business, climate change, AI, tech

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Pictured is the entrance to King Abdullah Economic City in Jeddah, on Feb. 3, 2009.

Analysis

OECD forecasts 3.7% growth for Saudi Arabia, citing US tariff shield

The kingdom is projected to grow at 3.7% this year, 1.9 percentage points more than forecasted in June.

In Bristol, reporting on regional business, climate change, AI, tech

Moroccan soldiers patrol the city of Tangiers on August 11, 2020 amid a new outbreak of the novel coronavirus.

India, Morocco open new military factory in Casablanca region

The facility will make WhAP 8x8 armored combat vehicles for the Moroccan military and international markets.

US President Donald Trump (L) and Turkey's President Recep Tayyip Erdogan (R) leave the stage after the family photo to head to the plenary session at the NATO summit at the Grove hotel in Watford, northeast of London.

Turkey scraps tariffs on some US imports ahead of Erdogan-Trump meeting

The reversal of the levies was announced in Turkey’s Official Gazette on Monday, affecting goods such as passenger cars, fruit, rice, cosmetics, solid fuels and chemical products.

Analysis

As Carrefour retreats in Mideast, can new Gulf superstore brand advance?

Amid rising competition and consumer boycotts of Western companies, UAE-based Majid Al Futtaim has begun pulling French retailer Carrefour from Middle East markets and rebranding outlets under a new name: HyperMax.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Kuwaiti traders follow the stock market activity at Boursa Kuwait, in Kuwait City on April 7, 2025.

Middle East debt issuance near $200B record amid September borrowing surge

A borrowing boom driven by Saudi Arabia and Turkey arrives amid a broader wave of issuances in 2025, underlining the Middle East’s status as one of the busiest and most resilient players in international debt markets.

ATTA KENARE/AFP via Getty Images

India weighs options as US ends waiver for Iran’s Chabahar Port: What to know

India has been working to develop the strategically important Gulf port for close to a decade, but the move has been complicated by US sanctions on Iran.

GIUSEPPE CACACE/AFP via Getty Images

Trump’s tariffs push India closer to UAE as non-oil trade soars 34%

UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi says that the two countries are on track to reach $100 billion in non-oil trade by the end of the decade.

United Arab Emirates

The tallest solar power tower in the world at 260 meters is pictured at the concentrated solar thermal power Noor Energy 1 solar complex at Mohammed bin Rashid Al Maktoum Solar Park, about 50 kilometers south of Dubai, on July 19, 2025.

IEA report: Mideast electricity generation to rise 50% by 2035 as renewables expand

The International Energy Agency said that oil and gas remain the main sources of energy in the Middle East and North Africa, but noted the region’s rising investment in alternatives and renewable energy potential.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

DIMITAR DILKOFF/AFP via Getty Images

As EU tries to wean off Russian gas, pipeline imports via Turkey rise

The European Union is importing more Russian gas via Turkey despite efforts to end imports from Russia.

NIKITA BORISSOV/AFP via Getty Images

Russia’s energy minister in Iran to discuss stalled natural gas deal: What to know

Russia and Iran are strengthening their energy ties amid their growing international isolation.

The Public Investment Fund is present during the BNP Paribas Open at Indian Wells Tennis Garden on March 13, 2024, in Indian Wells, California.

Saudi Arabia's PIF buys $2B majority stake in entertainment giant MBC

The deal highlights the PIF’s continued expansion into the regional media and entertainment sector in accordance with Saudi Arabia's Vision 2030 agenda.