Economy and trade

A picture taken from a station of Dubai's Palm Monorail, shows traffic on a road in Palm Jumeirah on August 28, 2025.

World Bank ups Middle East 2025 economic outlook as oil, tourism rebound

The lender expects gross domestic product growth in the region to average 2.8% this year, up from its April forecast of 2.6%.

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.

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

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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.

GIL COHEN-MAGEN/AFP via Getty Images

Israel to include Gaza Americans in US visa waiver trial

After agreeing to facilitate the passage of American-Palestinians in the West Bank, Israel has agreed to similar conditions for those residing in Gaza.

A man stands in front of Argentina's Central Bank in Buenos Aires, on May 15, 2023.

Qatar loans Argentina $775 million to repay IMF

Qatar continues its practice of assisting financially strapped countries by providing a loan to Argentina, which is also planning to use the yuan to purchase Chinese imports.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE’s ADNOC buys stake in Azerbaijan gas field

The move follows a wind and solar energy deal between an Emirati firm and Azerbaijan.

PUNIT PARANJPE/AFP via Getty Images

Turkey’s new economy team wins over foreign investors

Turkey’s economy czar and central bank chief have met with foreign investors amid a fresh push to draw foreign funds.

Lebanese Parliament Speaker Nabih Berri heads the 12th parliamentary session to elect a new president in the capital Beirut's downtown district on June 14, 2023 amid bitter divisions between the powerful Iran-backed Hezbollah and its opponents. Lawmakers in crisis-hit Lebanon failed for a 12th time to elect a new president, with bitter divisions between the powerful Iran-backed Hezbollah and its opponents marring the vote. (Photo by ANWAR AMRO / AFP) (Photo by ANWAR AMRO/AFP via Getty Images)

Lebanon: Republicans in Congress call for sanctions against political class

The letters come amid Lebanon’s continued political paralysis, economic crisis and rising tensions with Israel. Some members of Congress are calling for sanctions on parliament speaker Nabih Berri, an ally of Hezbollah.

United Arab Emirates President Sheikh Mohamed bin Zayed Al-Nahyan arrives at the Elysee Palace for a working lunch with France's President, in Paris, on July 18, 2022. - Emmanuel Macron welcomes the United Arab Emirates President Sheikh Mohamed bin Zayed Al-Nahyan, nicknamed MBZ, at the Elysee Palace on July 18, 2022, whose state visit "will confirm the strong ties" between France and the rich Gulf oil country, the Elysee Palace announced on July 14, 2022. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MA

Iran president Raisi invites UAE's MBZ to visit Tehran

The invite was extended on the same day that Iran conducted a naval drill on Abu Musa Island, which is disputed with the UAE.

United Arab Emirates

A picture taken on Oct. 23, 2018, shows Lubna Olayan, CEO and Deputy Chairperson of Olayan Financing.

Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking

Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third.

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Gulf investment in UK property expected to reach $3.2 B in 2024

Middle Eastern investors are capitalising on lower property valuations and those investors are likely to refinance when interest rates start falling, the Islamic bank said.

A man counts Saudi riyal banknotes at his jewelry shop in Tiba market in the capital Riyadh on Oct. 3, 2016.

Saudi Arabia borrowing rate hits new high, posing risk to foreign investments

The Saudi Arabian Interbank Offered Rate climbed above an average of 6% in July, which was higher than the rate during the 2008 global financial crisis.

This picture taken on March 28, 2021 shows the Gibraltar-flagged container ship Indian Express (C-front) and the Panama-flagged container ship Elegant (C-behind) near the entrance of the Suez Canal, by Egypt's Red Sea port city of Suez. (Photo by Ahmed HASAN / AFP) (Photo by AHMED HASAN/AFP via Getty Images)

Turkey, Egypt seek to boost mutual trade by 50% in 5 years

In the first visit of its kind in a decade, Egypt's trade and industry minister traveled to Turkey on Tuesday.

Shell St Fergus Gas Plant in Aberdeenshire

Analysis

Expanded UK-Turkey trade deal seen as win-win, could include services

The current deal does not account for services, which form integral parts of the British and Turkish economies.

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

This aerial photo taken on August 4, 2019 shows tugboats berthing an oil tanker at Qingdao port in Qingdao in China's eastern Shandong province. - China's good shipments abroad beat expectations to rise in July while its purchases continued to shrink, official data showed on August 8. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

Iran's oil shipments to China triple in 3 years despite sanctions

Iran’s strengthening ties to China have prompted some senators to call for more sanctions.