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

Chinese President Xi jinping attends a photo session for participants of the Shanghai Cooperation Organization summit 2025 on Sept. 1, 2025, in Tianjin, China.

China calls on BRICS to boost multilateral trade as Iran, UAE eye closer ties

The UAE’s and Egypt’s trade with BRICS members is on the rise, while Iran’s efforts to increase economic ties are complicated by sanctions.

Cyprus' President Nikos Christodoulides speaks during a press conference after the MED9 Summit in the Cypriot city of Paphos, on Oct. 11, 2024.

Cyprus courts UAE amid Greek pressure on subsea cable: What to know

The project has been beset with delays due to longstanding disagreements between NATO members Greece and Turkey over territory in the Eastern Mediterranean.

United Arab Emirates

Indian Prime Minister Narendra Modi (R) and Israeli Prime Minister Benjamin Netanyahu talk during the India-Israel Business Summit in New Delhi on January 15, 2018. Benjamin Netanyahu hailed a "new era" in ties with India on January 15 as he signed a series of deals during the first visit by an Israeli Prime Minister in 15 years. Netanyahu made the comment after talks with Narendra Modi, who made history in July when he became the first Indian leader ever to visit Israel.

India, Israel ink new investment deal: What to know

The deal comes just a week after the Shanghai Cooperation Organization summit in Tianjin, China, where India signed a declaration condemning Israeli actions in Gaza and Iran.

ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

Turkish, Armenian envoys to meet Wednesday amid renewed peace push

The sixth round of Turkish-Armenian normalization talks will follow the Washington peace summit between Armenia and Azerbaijan, which is expected to inject fresh momentum into reconciliation efforts.

New cars are seen on the dock of Haydarpasa Port on May 02, 2025 in Istanbul, Turkey.

Turkey's trade deficit falls to lowest level in nearly four years: What to know

Turkey’s trade deficit in August shrank to $4.17 billion, its lowest level in 46 months, Trade Minister Omer Bolat said.

Prime Minister of Israel Benjamin Netanyahu, US President Donald Trump, and Foreign Affairs Minister of the United Arab Emirates Abdullah bin Zayed bin Sultan Al Nahyan.

UAE says Israel’s West Bank annexation push a ‘red line': What to know

There are growing indications that the Israeli government is seeking to annex the Palestinian territory, but the UAE is becoming increasingly critical of the plan.

Egypt's Prime Minister Mostafa Madbouly (2nd R) speaks during a bilateral meeting with China's President Xi Jinping (2nd L) ahead of the Shanghai Cooperation Organization Summit, Tianjin, China, Aug. 30, 2025.

Egypt, Turkey ink investment deals with China on SCO Summit sidelines

Egyptian Prime Minister Mostafa Madbouly and Turkish President Recep Tayyip Erdogan were in China for the two-day summit.

Ras al-Khair water desalination plant, owned by the Saudi government's Saline Water Conversion Corporation, is seen along the Gulf coast, eastern Saudi Arabia, March 30, 2023.

Analysis

Arid Gulf states pursue global water deals, leveraging desalination expertise

After becoming leaders in domestic water desalination, Gulf states are spotting opportunities to generate lucrative returns by exporting their know-how in a world facing growing water pressures.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Chinese Foreign Minister Wang Yi meets with Indian Prime Minister Narendra Modi in New Delhi on Aug. 19, 2025.

Analysis

How India-China reset could ease competition over Middle East energy, trade

Experts suggest the improved ties could allow both countries to pursue joint projects and strengthen their economic and strategic roles in the Middle East.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

A container ship is docked at the port of Jebel Ali, operated by the Dubai-based giant ports operator DP World, in the southern outskirts of the Gulf emirate of Dubai, on June 18, 2020.

Amid Trump tariffs, UAE, Singapore to form trade group of small nations

The new group, the Future of Investment and Trade Partnership (FIT-P), is expected to include around 10 countries, with the UAE, Singapore, and New Zealand being founding members.

United Arab Emirates

People unload containers at the port of Latakia in western Syria on Dec. 30, 2024.

US eases export controls to boost Syria's recovery

The move is the Trump administration’s latest bid to assist the country's postwar reconstruction.

A K9A2 Self-Propelled Howitzer (SPH) from Hanwha is seen on day one of the Defense and Security Equipment International (DSEI) fair at ExCel on Sept. 12, 2023 in London, England.

UK bans Israeli officials from major defense fair: What to know

After suspending trade talks and sanctioning Israeli far-right ministers, the British government barred an official Israeli delegation from a major London defense fair.