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

ARUN SANKAR/AFP via Getty Images

Israel to supply Azerbaijan with satellites in $120 million deal

Commenting on his recent visit to Uzbekistan, Israel’s Foreign Minister Eli Cohen said Baku will purchase two satellites from the Israel Aerospace Industries.

Cruise ship A Sara is moored on the Nile River, where 45 suspected COVID-19 cases were detected and evacuated two days prior, Luxor, Egypt, March 9, 2020.

Egypt charges tourist ships in dollars as greenback crisis spirals

Egypt commits tourist boats arriving in its ports to pay in US dollars amid a tough dollar shortage crisis in the populous country.

Shlomi Amsalem/GPO/Israeli Foreign Ministry

Israel's new embassy in Turkmenistan sends message to Iran

After a visit to Azerbaijan, Foreign Minister Eli Cohen traveled to Turkmenistan to inaugurate Israel’s permanent embassy in Ashgabat.

This handout image provided by the UAE's Presidential Court on April 15, 2023, shows UAE President Sheikh Mohamed bin Zayed al-Nahyan and Brazil's President Luiz Inacio Lula da Silva in Abu Dhabi

In UAE, Brazil’s Lula looks east for climate investments, peace brokering

President Luiz Inácio Lula da Silva looks to exert Brazil's power in a geopolitical landscape that has significantly shifted since he last held office.

The Crown Prince of Abu Dhabi General Sheikh Mohammed Bin Zayed Al Nahyan (L) walks with Indian Prime Minister Narendra Modi ahead of a meeting in New Delhi on January 25, 2017. The Crown Prince of Abu Dhabi General Sheikh Mohammed Bin Zayed Al Nahyan is on an official visit to India and will be the guest of honour at the country's forthcoming Republic Day celebrations. / AFP / Money SHARMA (Photo credit should read MONEY SHARMA/AFP via Getty Images)

US, India, UAE, Israel announce creation of I2U2 joint business coalition

The new coalition will see officials and business councils from the four countries collaborate to attract private sector partners to the I2U2 initiative.

A Lebanese demonstrator returns a tear gas canister that was fired by security forces during a protest demanding better pay and living conditions in the capital Beirut on April 18, 2023. - Lebanese security forces fired tear gas at protesters demonstrating in Beirut on Wednesday against deteriorating living conditions, as the currency plummeted to new lows against the dollar. (Photo by ANWAR AMRO / AFP) (Photo by ANWAR AMRO/AFP via Getty Images)

Lebanon raises minimum wage from $27 to $92 a month

Hundreds of retired soldiers protested outside government headquarters as the Cabinet discussed an increase in public sector salaries.

An Azerbaijani national flag flies next to the mediaeval Khudaferin bridge in Jebrayil district at the country's border with Iran - the territories recaptured from Armenian forces in fierce clashes over the disputed Nagorno-Karabakh region that were under Armenian separatists' control for nearly three decades, on December 9, 2020. (Photo by STRINGER / AFP) (Photo by STRINGER/AFP via Getty Images)

Signaling Iran, Israel's FM visits Azerbaijan, will open embassy in Turkmenistan

Israeli Foreign Minister Eli Cohen is holding meetings in Azerbaijan before traveling to Turkmenistan, where he will inaugurate Israel’s embassy.

Brazilian President Luiz Inacio Lula da Silva (R) inspects an honor guard with Chinese President Xi Jinping during a welcome ceremony held outside the Great Hall of the People on April 14, 2023 in Beijing, China.

Brazil signs $12.65 billion in deals with UAE, China amid struggling economy

Brazil signed agreements worth $2.53 billion with the UAE and $10.12 billion with China.

A protester rides his bicycle amid ongoing demonstrations against the government's judicial reform bill, in Tel Aviv on April 15, 2023. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Israel in budget deficit in another fallout post Moody’s downgrade

The credit rating agency downgraded Israel’s credit outlook due to the judicial reform controversy in the country.

Khartoum on fire

Airlines suspend Sudan flights after Saudi plane hit by gunfire

A number of Middle Eastern airlines have banned flights after the power struggle between the Sudanese army and a rival paramilitary group turned deadly on Saturday.

Saudi and foreign journalists are pictured at the Future Investment Initiative (FII) badge collection centre.

Saudi Arabia opens four special economic zones with eye on foreign investment

The special economic zones offer incentives such as competitive corporate tax rates, 100% ownership of companies and flexibility in employing foreign labor.

EMMANUEL DUNAND/AFP via Getty Images

Breaking | Last Updated: April 14, 2023, 8:33 pm

Moody’s downgrades Israel’s credit outlook

Despite calls by Prime Minister Benjamin Netanyahu and President Isaac Herzog, Moody's has changed Israel's credit outlook from "positive" to "stable."