Economy and trade

Saudi Arabia, UAE, Qatar face uneven 2025 growth as trade tensions rise: IMF

While Gulf economies face only the Trump administration’s baseline 10% tariffs, the levies have already impacted oil prices and revenue, especially for rentier states like Saudi Arabia.

Employees stand behind stacks of local currency notes as they serve clients at an exchange shop in Damascus, on April 16, 2025.

IMF appoints first Syria mission head in 14 years: What to know

Syria's new government faces the task of revitalizing an economy that has been devastated by 14 years of war and ravaged by international sanctions.

Indian Prime Minister Narendra Modi (R) shakes hands with Saudi Crown Prince Mohammed bin Salman prior to a meeting at Hyderabad House in New Delhi on Feb. 20, 2019.

Analysis

India's Modi visits Saudi Arabia, seeks to boost trade route to counter China

India's largely transactional relationship with Saudi Arabia has moved beyond oil sales to a more strategic and closer partnership.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Jakarta

GCC-Indonesia economic ties deepen with Saudi MoUs, joint Qatar fund

Trade between Indonesia and the Gulf is rising and negotiations are underway for a GCC-Indonesia free trade agreement.

Latest News

Analysis

UAE hedges against global economic volatility with EU trade agreement

His Highness Sheikh Mohamed bin Zayed was hosted in Paris by President Emmanuel Macron, where the sides signed a groundbreaking cooperation agreement in AI, on Feb. 6, 2025.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Egypt's Sisi visits Qatar, nabs $7.5B in investments: What to know

Egyptian President Abdel Fattah al-Sisi arrives in Doha on Sunday for an official visit and is welcomed by Qatari Emir Sheikh Tamim bin Hamad Al Thani upon his arrival.

Analysis

Saudi Arabia-PwC split signals shift to local consultancies: What to know

NEW YORK, NEW YORK - SEPTEMBER 12: People walk by PricewaterhouseCoopers (PwC) New York headquarters after the company announced a major restructuring on September 12, 2024 in New York City. PwC LLP will let go of up to 1,800 US employees next month as the accounting firm shifts to in-house technology developers and streamlines its advisory practice. (Photo by Spencer Platt/Getty Images)

Amal Altwaijri

By Amal Altwaijri

In Washington, DC, reporting on Saudi Arabia

Analysis

France recalibrates Turkey ties as east Med dynamics shift: What to know

TOPSHOT - France's President Emmanuel Macron (R) shares a laugh with Turkey's President Recep Tayyip Erdogan (L) ahead of a round table as part of the European Political Community Summit in Budapest, on November 7, 2024. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)

Jonathan Fenton-Harvey

By Jonathan Fenton-Harvey

In London, reporting on North Africa and Gulf politics

GREG BAKER/AFP via Getty Images

China courts Gulf, BRICS allies as trade war with US escalates

Since US President Donald Trump announced reciprocal tariffs on more than 180 countries on April 2, Beijing has stepped up engagement with Riyadh.

WASHINGTON, DC - JANUARY 28: U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu participate in a joint statement in the East Room of the White House on January 28, 2020 in Washington, DC. The news conference was held to announce the Trump administration's plan to resolve the Israeli-Palestinian conflict. (Photo by Sarah Silbiger/Getty Images)

Netanyahu set to meet Trump amid differences over Iran, tariffs and Turkey: What to know

In a surprise move, the US president invited the Israeli prime minister to Washington at short notice to discuss his recent tariff decision, the Iranian file and other issues.

Thomas Kronsteiner/Getty Images

OPEC+ members boost output as Trump tariffs bring down oil prices

The US president has been calling on Saudi Arabia and other top oil producers to boost production and bring down prices.

WASHINGTON, DC - APRIL 02: U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump announced additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)

How Trump's latest tariffs impact the Middle East

Gulf countries were relatively spared, with the US imposing only a 10% tariff, whereas other Middle Eastern nations are facing steeper trade penalties.

US President Donald Trump walks toward Marine One on the South Lawn of the White House, on March 28, 2025, in Washington.

After major arms sales, Trump to visit Saudi Arabia, UAE, Qatar: What to know

The president is urging Gulf countries to increase their investment in the US after a series of bilateral economic and defense deals in recent months.

Karim Souaid

Meet Karim Souaid, Lebanon’s new central bank chief with daunting mission

The appointment of a new central bank governor comes nearly two years after the term of embattled governor Riad Salameh ended in July 2023.

US President Donald Trump announces tariffs on auto imports in the Oval Office of the White House in Washington, on March 26, 2025.

Gulf markets dip after Trump announces 25% automotive tariffs

Donald Trump announced on Wednesday 25% tariffs on imported cars and light trucks entering the United States, set to take effect on April 2, further fueling the ongoing trade war and contributing to market volatility.

China's President Xi Jinping (L) shakes hands with Egypt's President Abdel Fattah al-Sisi

Egypt, China ink $1.65B deal for steel factories in Suez: What we know

The deal was signed by Egypt’s General Authority of the Suez Canal Economic Zone and the Industrial Development Authority with Xin Feng Egypt Steel and its parent company, Xin Feng China as Cairo-Beijing ties grow closer.

Iranian rials are displayed in Tehran, on July 31, 2019.

Iran’s currency drops to more than 1 million rials to US dollar: What to know

This is yet another record low for Iran’s currency, as the country navigates intense sanctions and US pressure.

AHMAD GHARABLI/AFP via Getty Images

Ben & Jerry’s says CEO ousted by Unilever over activism: What to know

In an ongoing legal battle, the ice cream maker and its parent company, Unilever, have locked horns over Ben & Jerry’s social activism and particularly its advocacy for Palestinians during the Gaza war.

NYSE

Analysis

US stock plunge poses dilemmas for Gulf investors while exposing PIF, Mubadala risks

Middle East investors are bracing for steep losses and questioning about their long-term investments in America amid a drop in the US stock market.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi Crown Prince, Mohammed bin Salman meets Ukrainian President Volodymyr Zelenskyy during his visit to Jeddah, Saudi Arabia, March 10.

Analysis

Ukraine ceasefire showcases Saudi Arabia's diplomatic role under Trump

Ahead of Ukraine's high-stakes negotiations over the Russia-Ukraine war with the US on Tuesday, Ukrainian President Volodymyr Zelenskyy met with Saudi Crown Prince Mohammed bin Salman on Monday.

Jennifer Gnana

By Rosaleen Carroll , Jennifer Gnana