Economy and trade

France's President Emmanuel Macron and Saudi Arabia's Crown Prince Mohammed bin Salman shake hands

France, Saudi Arabia announce more than $10B in deals on MBS visit

Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris.

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

King Abdullah II arrives in Beijing, Aug. 20, 2026. Photo from Xinhua/Chen Yehua.

Explainer

King Abdullah visits China as region hedges against US unpredictability

With no end in sight to the war in Iran and an unchecked Israeli policy across the region, the kingdom is hedging against future uncertainty and a less predictable US policy.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

Latest News

Jordan's King Abdullah heads to China in first visit since 2015: What to know

Chinese President Xi Jinping (R) shakes hands with King of Jordan Abdullah II during a signing ceremony at The Great Hall Of The People on Sept. 9, 2015, in Beijing, China.

Kuwait's LNG imports climb to highest level since start of Iran war

The Al-Riqqa oil tanker (L) and Al-Yarmouk oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026.

Explainer

UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape

Building construction at the Red Sea in Egypt.

Analysis

Jordan shores up US lifelines as Iran targets Amman’s reliance on Washington

US President Donald Trump (R) meets with Jordanian King Abdullah II in the Oval Office of the White House, Washington, DC, Feb. 11, 2025.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Aluminum from Dubai sits in the BMW Landshut factory on Oct. 25, 2024 in Ergolding, Germany.

Analysis

Gulf aluminum pursues global deals as Hormuz crisis accelerates shift

Gulf aluminum exporters are targeting global deals amid fallout from the US-Israel-Iran war, which has pushed prices to multiyear highs in early June.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Lebanese Prime Minister-designate Nawaf Salam (R) shakes hands with Saudi Arabia's Foreign Minister Faisal bin Farhan before their meeting in Beirut on Jan. 23, 2025.

Saudi Arabia lifts 5-year ban on Lebanon imports: What to know

Saudi Arabia had been a main donor for Lebanon before ties strained during Hezbollah’s rising influence in the country.

KHALED DESOUKI/AFP via Getty Images

Suez Canal traffic soars as Hormuz disruptions reroute energy trade

The canal generated $419 million in revenue in April, up 27% year over year.

A long convoys of Iraqi diesel-laden tanker trucks line up along the highway Tartus-Baniyas highway as they wait to unload their cargo at the Baniyas port refinery on the Mediterranean Sea, on April 15, 2026.

Syria says Iraqi oil shipments surge as Damascus courts foreign energy investment

Speaking at the Atlantic Council Global Energy Forum in Washington on Tuesday, Syrian Petroleum Company CEO Yousef Qiblawy said Iraq's overland oil exports through Syria have expanded rapidly in recent months.

An old locomotive sits outside the Hejaz rail station in old Damascus on February 23, 2010. The Hejaz railway ran from Damascucs to Medina in Saudi Arabia and was part of the Ottoman railway network. AFP PHOTO/LOUAI BESHARA (Photo credit should read LOUAI BESHARA/AFP via Getty Images)

Explainer

Saudi Arabia, Turkey advance plans to revive historic Hejaz Railway

Turkish and Saudi officials signed agreements as part of a Turkish push to revive the Hejaz Railway linking Turkey to the Gulf through Syria, Jordan and Saudi Arabia.

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

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)

Analysis

Why Turkey sees opportunity in Hormuz crisis to boost Middle Corridor

Ankara seeks to exploit transport disruptions from the Iran, Ukraine wars to push the corridor, but high costs, logistical bottlenecks and South Caucasus politics pose obstacles.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

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.

Analysis

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

Following the French retreat from the Sahel amid growing Russian influence, President Emmanuel Macron is turning to anglophone Africa to rebuild France's diplomatic and economic footprint on the continent.

Rina Bassist

By Rina Bassist , Rosaleen Carroll

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.

Analysis

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

Sabena Siddiqui

By Sabena Siddiqui

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