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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

The Ameca humanoid robot greets visitors at Dubai's Museum of the Future, on October 11, 2022. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Gulf players chase data center demand as AI race heats up

Samuel Wendel

In Washington, DC, reporting on regional business and tech

BRENDAN SMIALOWSKI/AFP via Getty Images

Delta resumes Israel flights as Ryanair, American hold off

Several international airlines have resumed flights to Tel Aviv in recent weeks, though major carriers like American Airlines and Turkish Airlines have not.

UK Turk

Turkey, UK to begin trade deal talks in June

The official talks, set to begin on June 10, were announced following a Thursday meeting between the countries’ trade ministers in London.

A passenger walks along the platform of the Rakosrendezo railway station, site of a controversial redevelopment by the UAE, Budapest, Jan. 12, 2024.

Hungary signs $5.5B deal with UAE firm to develop Budapest neighborhood

The new project around the Rakosrendezo freight train station is expected to bring the futuristic, high-rise style of Dubai and other Emirates to the Hungarian capital.

United Arab Emirates

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on Aug. 29, 2022.

Israel’s NewMed Energy says UAE deal suspended amid Gaza 'uncertainty'

Israel-UAE relations have been negatively impacted by the war but still remain intact.

AMIR MAKAR/AFP via Getty Images

EU readies $8B aid package for Egypt to help economy, stem immigration

European Commission President Ursula von der Leyen is set to travel to Cairo Sunday with the Belgian, Italian and Greek prime ministers to complete and announce the aid agreement for Egypt.

BULENT KILIC/AFP via Getty Images

Turkey doubles down on coal despite European efforts to decarbonize

Turkey has been importing around three quarters of its coal from Russia as prices have fallen since the Ukraine war began in Feb. 2022.

President and CEO of Saudi Aramco Amin Nasser speaks during a press conference in the eastern region of Dhahran, Saudi Arabia, Nov. 3, 2019.

Saudi Aramco turns to China for future oil demand as profits fall 25%

China is the biggest customer for Saudi crude but is also crucial in Aramco’s ambitions to convert 4 million bpd of its oil production into petrochemicals by 2035.

MBZ Sisi

Will UAE's $35B investment help Egypt recover from financial crisis?

The Gulf state has stepped in with a major deal that could throw an economic lifeline to President Abdel Fattah al-Sisi's government.

President and CEO of Saudi Aramco Amin Nasser (L) and Aramco's chairman Yasir al-Rumayyan attend a press conference in the eastern Saudi Arabian region of Dhahran on November 3, 2019. - Saudi Aramco confirmed it planned to list on the Riyadh stock exchange, describing it as a "significant milestone" in the history of the energy giant. (Photo by - / AFP) (Photo by -/AFP via Getty Images)

Saudi Arabia’s PIF poised for more bold investments as Vision 2030 squeezes war chest

Samuel Wendel

In Washington, DC, reporting on regional business and tech

The futuristic cityscape of Dubai with the Burj Khalifa, the world's tallest building.

What’s behind Dubai’s new 20% tax on foreign banks?

The UAE implemented its first-ever corporate tax last year in an effort to boost revenue amid the shift away from oil and gas.

Photo from LEAP 2024.

AI and cloud investments dominate Saudi Arabia's LEAP tech summit

Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub.