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Economy & Business

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha, on June 22, 2026.

Qatar locks in US LNG through 2054 as it looks beyond Hormuz

The Gulf state agreed to buy up to 4 million tons of US liquefied natural gas annually through 2054.

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

Latest News

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

Benoit Tessier / AFP via Getty Images

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

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

AFP via Getty Images

Analysis

Algeria lines up energy deals with US, Saudi firms as clock ticks on gas export ambitions

Algeria has launched a rare licensing round for oil and gas projects as it chases new interest in its upstream sector.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A general view shows the solar plant in Uyayna, north of Riyadh, on March 29, 2018.

Saudi Arabia ramps up renewable tenders to 44 GW, doubles down on oil and gas

Saudi Arabia's renewable energy capacity under development will reach 44GW by end of 2024. However, its energy minister told an industry conference that the country will "monetize every molecule" of its oil and gas resources.

Aramco chief executive Amin Nasser speaks during the annual Future Investment Initiative (FII) conference in Riyadh on Oct. 29, 2024.

Saudi Aramco expects oil demand to average 104.5 million bpd in 2024

The CEO of the world's largest oil-exporting company sounded more bullish on oil demand compared with OPEC and the IEA.

BEIJING, CHINA - MARCH 17: Chinese Premier Li Keqiang (2nd-L) meets with Saudi Arabia's King Salman bin Abdulaziz Al Saud (2nd-R) at Great Hall of the People on March 17, 2017 in Beijing, China. At the invitation of President Xi Jinping, King Salman Bin Abdul-Aaziz Al-Saud of the Kingdom of Saudi Arabia will pay a state visit to China from March 15 to 18, 2017. (Photo by Lintao Zhang - Pool/Getty Images)

In first, Saudi Arabia to begin trading China-focused ETF: What we know

The ETF, which will begin trading on the Saudi Stock Exchange, has raised more than $1.2 billion.

This picture taken on Feb. 6, 2023, shows a view of the Tibbin dual fuel (natural gas and fuel oil) powerplant and Helwan Steelworks, in the Helwan suburb south of Egypt's capital, Cairo.

Analysis

Even with Greece venture, Egypt's energy hub ambitions remain far off

Egypt's key gas field has seen a slump in output while Cairo continues to import more gas from other countries such as Cyprus and Israel.

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

Rockets fired from southern Lebanon are intercepted by Israel's Iron Dome air defense system over the Upper Galilee region in northern Israel on Sept. 24, 2024.

Israel clinches $500M deal with Elbit Systems, Rafael for Iron Beam defense system

Expected to be operational within a year, the 100-kilowatt class, high-energy Iron Beam system is designed to complement Israel's existing Iron Dome defense system.

ENI headquarter in San Donato Milanese, near Milan, Italy, Oct. 27, 2017.

After decade halt, Eni, BP resume hydrocarbon exploration in Libya

Onshore drilling had been suspended for a decade, since the beginning of the Libyan civil war between rival factions in the country’s east and west.

Attendees arrive for the yearly Future Investment Initiative (FII) conference in the Saudi capital Riyadh on Oct. 24, 2023.

Saudi Arabia pushes for Africa debt relief as private investments set to reach $25B

Saudi Arabia is pushing for debt relief for African nations burdened with more than $1 trillion in liabilities.

KARIM SAHIB/AFP via Getty Images

India revokes UAE operator's authorization to handle cross-border transactions

India's central bank announced the decision in a statement noting that the UAE's exchange body showed “non-compliance with regulatory requirements.”

United Arab Emirates

Attendees take part in the annual Future Investment Initiative (FII) conference in the Saudi capital Riyadh on October 25, 2022. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What to make of Saudi Arabia's $96B in foreign direct investment in 2023

Driving foreign investment into key sectors is part of Saudi Arabia's efforts to diversify away from an oil-dependent revenue model.

Starbucks sales see 7% drop, largest since pandemic, amid Gaza boycotts

The company has been grappling with protests and boycott campaigns on social media due to the Israel-Gaza war and the union fight in the United States.

ANATOLII STEPANOV/AFP via Getty Images

In Oman visit, Ukraine FM calls for food hub to boost Africa trade

Ukraine’s top diplomat will visit Egypt and other African countries after Oman amid the ongoing war with Russia.