Economy and trade

Australian Prime Ministry

UAE deepens Asia ties as Malaysia, Australia trade deals kick in

Asia accounts for around 60% of the world’s gross domestic product and pursuing trade deals there helps the UAE hedge against dependence on both the US and China.

United Arab Emirates

A Riyadh Metro train makes its way along a track in the middle of a road in Riyadh on December 3, 2024.

What’s next for Saudi Arabia’s budget balancing act as deficit doubles?

The Gulf state now expects a deficit of $65.3 billion in 2025 — more than double the initial forecast — as the kingdom continues heavy spending amid weak oil prices.

The Saudi delegation meets with Vietnamese officials in Hanoi, Sept. 29, 2025.

After China, Saudi industry minister visits Vietnam in eastward economic push

Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef met with a number of Vietnamese officials on Monday as the oil-rich Gulf kingdom looks east to diversify its economic alliances.

MAXIM SHEMETOV/AFP via Getty Images

Sudan, Russia sign trade deals as Khartoum seeks funds, Moscow eyes Red Sea port

The meeting in Moscow produced two agreements and an economic and trade cooperation protocol.

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Analysis

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

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

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

Egypt’s Sisi talks water security with Rwanda's president in wake of Ethiopia’s megadam debut

Egyptian President Abdel Fattah al-Sisi greets his Rwandan counterpart Paul Kagame in Cairo, Sept. 23, 2025.

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

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.

Analysis

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

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.

China's President Xi Jinping (R) and Israel's Prime Minister Benjamin Netanyahu shake hands ahead of their talks at Diaoyutai State Guesthouse in Beijing on March 21, 2017. / AFP PHOTO / POOL / Etienne Oliveau (Photo credit should read ETIENNE OLIVEAU/AFP via Getty Images)

Analysis

As Israelis sour on China, Netanyahu provokes Beijing — but to what end?

With China already opposing Israeli actions in Gaza, Prime Minister Benjamin Netanyahu has accused China and Qatar of orchestrating anti-Israel campaigns on social media.

Rina Bassist

By Rina Bassist

In Paris, reporting on Israeli politics and European affairs

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 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.

UAE President Mohamed bin Zayed Al Nahyan meets Azerbaijani President Ilham Aliyev in Karabakh, Sept. 16, 2025.

UAE’s MBZ meets Azerbaijan's Aliyev as Abu Dhabi expands South Caucasus footprint

In July, Azerbaijan and the UAE signed an economic partnership agreement and Abu Dhabi hosted peace talks between Azerbaijan and Armenia.

United Arab Emirates

Google Pay, China’s Alipay+ launch in Saudi Arabia amid cashless push

Both payment platforms will use mada, the kingdom’s national payment system.

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

MURAT KOCABAS/Middle East Images/AFP via Getty Images

Analysis

KFC’s Turkey relaunch tests Western brands’ resilience in Gaza boycott era

From KFC to Carrefour, the Middle East's consumer brand landscape is undergoing significant shifts as the two-year anniversary of boycotts linked to the Gaza war approaches.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

MOHAMED EL-SHAHED/AFP via Getty Images)

Will Egypt’s cooling inflation, economic growth satisfy IMF ahead of $8B loan review?

The IMF is set to send a mission to Cairo this fall to review Egypt’s $8 billion loan program.

Guests attend a policy dialogue on Embracing Emerging Opportunities in times of Economic Uncertainty during the 10th Belt and Road Summit in Hong Kong, China, Sept. 10, 2025.

Hong Kong inks agreements with Gulf partners at BRI Summit

Some 36 business agreements covering finance, technology, logistics, professional services and education were set to be signed at the event.

A worker fits solar panels onto frames during construction at South Africa's first municipally owned solar plant, during International World Environment Day, on June 5, 2025, in Atlantis near Cape Town.

Saudi firm to pump $700M into economic zone developer in Africa

The kingdom's Vision Invest will invest in pan-African developer Arise Integrated Industrial Platforms, which will use the funds to expand across the continent and develop green industrial ecosystems.

SEBASTIEN BOZON/AFP via Getty Images

EU Commission chief seeks sanctions, partial trade freeze on Israel: What to know

The proposal comes in response to Israel’s actions in Gaza, but divisions among the EU’s 27 member states make it uncertain whether the measures will be adopted.