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Economy & Business

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Explainer

Gulf states push incentives for investors, expats after war dents image

Several Gulf states are working to recover their images as global havens of stability in the wake of the Iran war.

United Arab Emirates

A worker at a market for fuel oil and automotive fuel on March 17, 2026, in Erbil, Iraq.

Explainer

After UAE and Qatar, could Iraq be next to leave OPEC?

Iraq is seeking a higher production quota as the effective closure of the Strait of Hormuz has slashed oil revenues and plunged the country into a fiscal crisis.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

Syria’s energy push could soon get a major boost from Chevron: What to know

The country's leaders are seeking to translate a flurry of oil and gas agreements into concrete investments and rebuild an industry devastated by more than a decade of war, sanctions and isolation.

Latest News

Oil falls below $74 as Hormuz traffic recovers after Iran war

Elke Scholiers/Getty Images

Explainer

Hormuz tolls, frozen funds pose early tests for US-Iran peace progress

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Explainer

Lebanon advances controversial $500K golden visa law: What to know

A picture shows the four seasons hotel in Beirut with the snow covered mountain of Sannine in the background on March 8, 2019.

Syria announces direct flights to Amsterdam as Europe links expand

OMAR HAJ KADOUR/AFP via Getty Images

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

Dubai floods

Dubai floods bring travel to halt after heaviest UAE rainfall on record

The National Center of Meteorology said the downpour was the largest volume of rainfall the UAE has experienced since data collection started 75 years ago.

United Arab Emirates

VICTORIA VALDIVIA/Hans Lucas/AFP via Getty Images

Starbucks pledges $3M to World Central Kitchen for Gaza meals

The coffee giant has announced a large donation to the aid group World Central Kitchen, which lost seven of its staff members earlier this month in an Israeli airstrike.

ODD ANDERSEN/AFP via Getty Images

UK’s easyJet suspends Israel flights through October after Iran attack

Britain’s biggest low-cost airline has suspended all service to Israel following Iran’s unprecedented attack on the Jewish state over the weekend.

Michael M. Santiago/Getty Images

Microsoft pumps $1.5B into UAE's G42 amid US-China tech power struggle

Washington reportedly threatened to punish G42 if it did not reduce its ties with Beijing and strengthen its US commitments.

United Arab Emirates

LOIC VENANCE/AFP via Getty Images

Turkey: Meta temporarily shuts down Threads following government order

It remains unclear whether the platform will become available again in Turkey.

ROY ISSA/AFP via Getty Images

How Iran's attack on Israel is disrupting air traffic

The weekend's Iranian attack has massively disrupted air traffic across the region.

Turkish Treasury and Finance Minister Mehmet Simsek looks on before the press conference following the cabinet meeting held at the Presidential Complex in Ankara on August 21, 2023. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

Can Turkey’s economic czar stick to belt-tightening after election loss?

The Turkish government hopes that its remaining four-year mandate will give it time to placate popular anger before the next polls.

von der Leyen/Sisi

EU releases another $1.06B to Egypt to boost fragile economy

The European Union's latest package of support for the North African country's economic recovery follows an $8 billion deal announced March 17.

Lufthansa aircraft parked in front of a hangar during a nationwide strike of Lufthansa ground employees, Frankfurt Airport, March 7, 2024.

Lufthansa extends Tehran flights ban as Iran-Israel tensions flare

The Middle East remains on high alert after a suspected Israeli airstrike killed seven senior Iranian commanders in Damascus April 1.

UAE’s high stakes crypto bet poised for crucial test as Bitcoin rebounds

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi Defense Minister and Deputy Crown Prince Mohammed bin Salman gestures during a press conference in Riyadh, on April 25, 2016.

Analysis

After Neom cut, Saudi Arabia expected to scale back more Vision 2030 plans

Authorities had originally planned for 1.5 million residents to live in The Line part of Neom, but they scaled back their ambitions to around 300,000.

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

Workers tasked with putting out the fire in an oil well, set ablaze by retreating Islamic State (IS) jihadists, assemble a water pipeline in the town of Qayyarah.

Iraq plans to reopen own oil pipeline as talks to restart Kurdish route stall

The move to reopen the pipeline will irk the Kurdistan Regional Government, as it introduces a rival route to a section of the pipeline in Kurdistan that has been shut for a year and is a crucial economic source for the semi-autonomous region.