Economy and trade

Vessels are seen anchored in the Strait of Hormuz, off the port city of Khasab on Oman's northern Musandam Peninsula, on May 17, 2026.

Analysis

Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping

Turkey is using the Hormuz crisis to promote Iraq- and Syria-based Gulf-Europe corridors, but experts say the routes remain too costly, underbuilt and politically fragile to rival maritime shipping.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025.

UAE eyes first multifuel pipeline as Hormuz crisis drags on

State-owned Abu Dhabi National Oil Company is considering building a refined oil products pipeline that bypasses the Strait of Hormuz.

United Arab Emirates

The symbols of bitcoin and the stablecoin Tether (USDT) are displayed at a cryptocurrency store in Hong Kong on July 29, 2025.

Interview

Saudi Arabia eyes state-backed stablecoin amid digital finance push

Tokenization in Saudi Arabia has rapidly evolved from concept to early-stage execution since the early 2020s.

Muslim worshippers walk along the Grand Mosque complex in the holy city of Mecca on May 22, 2026, ahead of the annual Hajj pilgrimage.

Gulf celebrates Eid al-Adha under shadow of war

The holiday marks the first time in decades that Gulf states are observing one of Islam’s holiest celebrations against the backdrop of a regional conflict.

United Arab Emirates

Latest News

Analysis

Why Turkey sees opportunity in Hormuz crisis to boost Middle Corridor

Ships navigate the Bosphorus Strait on May 02, 2026 in Istanbul, Turkey. Since the outbreak of the US-Israeli war against Iran, forcing the closure of the Strait of Hormuz and together with the ongoing Russia-Ukraine war, global shipping routes have been severely impacted. Soaring shipping costs, lengthening delivery times and less efficient routes have seen increased pressure on energy markets and supply chains worldwide. (Photo by Chris McGrath/Getty Images)

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Analysis

Pushed out of Sahel, Macron turns to Egypt and Africa's anglophone countries

French President Emmanuel Macron and Kenyan President William Ruto during a reception at the State House ahead of the Africa Forward summit in Nairobi on May 10, 2026.

Rina Bassist

By Rina Bassist , Rosaleen Carroll

Analysis

Pakistan’s six corridors offer Iran a trade lifeline, could outlast Hormuz crisis

Iranian cargo trucks cross into the Pakistan-Iran border at Taftan, Balochistan province, on June 18, 2025, amid the ongoing conflict between Israel and Iran.

Sabena Siddiqui

By Sabena Siddiqui

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

Analysis

From hoarding to unemployment: Iran's economy buckles under US pressure

Women shop from a street vendor at Enghelab Square in the capital Tehran on Nov. 11, 2025.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Boeing

Analysis

Turbulent skies: How Israel-Iran tension is disrupting global aviation

Military action — and even the mere anticipation of conflict — often trigger widespread disruptions in airspace management, affecting commercial and cargo flights across the globe.

Mehran Haghirian

By Mehran Haghirian

A clerk counts banknotes at a currency exchange office in Lebanon's capital Beirut, on January 20, 2023.

Analysis

How close is Lebanon to being added to FATF grey list for money laundering?

The Paris-based Financial Action Task Force (FATF) is considering adding Lebanon to its ‘’grey list’’ of countries that enable money laundering by terror groups.

Rina Bassist

By Rina Bassist

In Paris, reporting on Israeli politics and European affairs

Libyan Central Bank Governor Sadiq al-Qabir speaks during a news conference in Tripoli, Jan. 13, 2012.

Libya central bank governor flees the North African country to avoid militias: Report

The Central Bank has been in crisis for several days, since its head of IT was kidnapped and released.

Aspides

Houthis allow Greek tanker ablaze in Red Sea to be towed to safety

The Iran-backed rebels said they were responding to concerns by the European Union that the tanker endangered maritime and environmental safety in the Red Sea.

A vendor selling dates walks across a street in Islamabad on July 8, 2024, as cash-strapped Pakistan adopted a $68 billion budget laced with tax-raising measures on June 28, seeking to secure a new bailout from the IMF.

Pakistan to raise $4B from Middle East banks amid economic turbulence

For many years, Pakistan has relied on China and Gulf allies Saudi Arabia and the United Arab Emirates to roll over some of its debt to avoid having to repay it sooner.

The low-emission container ship Antonia Maersk by Danish shipping company A.P. Moller - Maersk is seen behind containers during its christening at the harbor of Aarhus, Denmark, on August 9, 2024. The ship sails on green methanol. (Photo by Mikkel Berg Pedersen / Ritzau Scanpix / AFP) / Denmark OUT (Photo by MIKKEL BERG PEDERSEN/Ritzau Scanpix/AFP via Getty Images)

Analysis

What Maersk's $250M logistics park means for Saudi Arabia

Danish logistics company remains invested in the Red Sea despite continued threats to shipping from Yemen's Houthi militants.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Libya central bank governor

Analysis

Libya: Behind abduction and failed central bank coup in Tripoli

The bank's head of information technology was abducted on Sunday morning but returned hours later.

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

The skyline of Riyadh, Saudi Arabia, March 28, 2014, is seen at night in this aerial photograph from a helicopter.

Analysis

With new investment law, Saudi Arabia looks to reassure foreign investors

Riyadh looks to incentivize investors to participate in the diversification of its economy, as its Vision 2030 deadline looms nearer.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Preparations for 44.01's first project in UAE are well underway. This DAC + mineralisation pilot with ADNOCGroup , Masdar and FNRC will be the first carbon negative project by an energy company in the Middle East.

Analysis

Oman’s sleepy tech sector showing signs of promise

Global investors are putting millions into an Omani carbon removal startup, signaling a breakthrough for a market that has lagged behind Gulf neighbors targeting tech growth.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Gantry cranes are seen behind signage for ports operator DP World at an entrance to the Port Botany compound in Sydney on Nov. 13, 2023.

UAE port operator DP World's profits fall 60% amid Yemen's Houthi Red Sea attacks

The Dubai-based logistics firm reported $265 million in profit for the first half of 2024 ending June 30, down from $651 million the same time last year.

United Arab Emirates

OREN ZIV/AFP via Getty Images

Israel's Netanyahu shakes off credit downgrade as deficit grows

Last week, Israel reported that its 12-month trailing deficit widened to 8.1% in July, from 7.7% in June.

Turkey's president, Recep Tayyip Erdogan (R), and his Venezuelan counterpart Nicolas Maduro (L) attend a joint press conference after their meeting in Ankara on June 8, 2022.

Turkey’s Erdogan calls Venezuela's Maduro after contested elections, urges dialogue

The Turkish president stopped short of extending congratulations to Nicolas Maduro but expressed his well-wishes for the South American nation after the contested election results, according to a Turkish readout.