Economy and trade

French President Emmanuel Macron (L) and Oman's Sultan Haitham bin Tarik pose during a meeting with business leaders in Paris on June 29, 2026.

Oman's sultan meets Macron in first France visit since 1989: What to know

French President Emmanuel Macron has been pushing against any form of toll for the Strait of Hormuz.

AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend.

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Analysis

Why the Hormuz oil shock never became an energy catastrophe

The US-Israel-Iran war produced a historic oil supply shock but not a severe global economic crisis, due to ample prewar supplies, China's energy pivot and strategic reserve releases.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Oil falls below $74 as Hormuz traffic recovers after Iran war

Elke Scholiers/Getty Images

Explainer

Lebanon advances controversial $500K golden visa law: What to know

A picture shows the four seasons hotel in Beirut with the snow covered mountain of Sannine in the background on March 8, 2019.

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Interview

US-Egypt fund makes case for economic statecraft in hard power era

A worker counts banknotes after filling up the tank of a vehicle at a petrol station in Giza on March 10, 2026.

Cornelius Queen

Cornelius Queen

Senior Vice President of the Egyptian-American Enterprise Fund

Chinese President Xi Jinping signs a book during the presence of the Prime Minister and Vice President of the United Arab Emirates and Ruler of Dubai Sheikh Mohammed bin Rashed al-Maktoum and Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan at the Presidential Palace in Abu Dhabi, United Arab Emirates July 20, 2018. WAM/Handout via REUTERS. ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC1FC6481370

China deepens ties with UAE with industrial investment

Deals worth billions of dollars between China and the United Arab Emirates reflect China's major status as a partner in the Middle East.

United Arab Emirates

Technicians inspect the Krechba gas treatment plant, about 1200 km (746 miles) south of Algiers December 14, 2008. Algeria has approved or plans to approve projects expected to bring on up to 110,000 barrels per day (bpd) of crude oil output and 100,000 bpd of oil equivalents by 2012 or 2013, a Sonatrach official said on Sunday. REUTERS/Zohra Bensemra (ALGERIA) - GM1E4CF0CLZ01

Corrupt economy fuels Algerian revolt

The North African country’s rentier model is collapsing.

(FILE) A picture taken on January 14, 2014 through the window of an airplane shows the Red Sea's Tiran (foreground) and the Sanafir (background) islands in the Strait of Tiran between Egypt's Sinai Peninsula and Saudi Arabia.
Saudi King Salman on April 11, 2016 wrapped up a landmark five-day visit to Egypt marked by lavish praise and multi-billion-dollar investment deals, in a clear sign of support for President Abdel Fattah al-Sisi's regime. Egypt also agreed during the visit to demarcate its maritime bord

Egypt-Saudi Arabia maritime demarcation agreement makes headlines again

The governor of the Red Sea in Egypt revealed great gains for the Egyptian economy unknown by those opposing the controversial maritime border demarcation agreement with Saudi Arabia.

Iraq throws Turkey curveball in bilateral trade

Baghdad’s recent restrictions on imported goods have badly bruised Turkey’s food exporters, calling into question the target of $20 billion in bilateral trade.

Is Iran bargaining chip for Russia in relations with the US?

Russia has a lot less incentives to bargain over Iran than the United States believes.

There is no room left for Erdogan in Sudan turmoil

Sudan’s international failures have provided Turkish President Recep Tayyip Erdogan several opportunities, but now some of the moves are likely to generate significant costs for Turkey.

Is Qatar still Turkey’s foul-weather friend?

Qatar’s friendship is being called into question in Turkey amid disappointment over Doha’s pledges of economic support and signs that Qatari investors are pulling out of the country.

Israeli incentives hold promise for Palestinian traders, economy

Gaza Strip traders are benefiting from incentives Egypt recently negotiated for them with Israel, though Palestinians know all too well how often such deals can change.

General view of Bahrain's financial district in Manama, Bahrain, June 20, 2019. Picture taken June 20, 2019. REUTERS/ Hamad I Mohammed - RC1691ADAE20

Palestinians expect little from Bahrain summit

Many analysts are skeptical about the economic plan for the West Bank and Gaza that the US administration has prepared for this week's workshop in Bahrain.

A money changer displays U.S. and Iranian banknotes at the Grand Bazaar in central Tehran October 7, 2015. REUTERS/Raheb Homavandi/TIMA ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. REUTERS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS IMAGE. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. NO THIRD PARTY SALES. NOT FOR USE BY REUTERS THIRD PARTY DISTRIBUTORS. THIS PICTURE IS DISTRIBUTED EXACTLY AS RECEIVED BY REUTERS, AS

Iran's 'throw money' economic strategy failing

Among its many other problems, Iran's economy is suffering because of poor and brash decisions of the past and needs to get back to the basics.

Turkey’s car-making sector sputters amid economic downturn

Turkey’s automotive sector, which holds a 1.5% share in global automotive production, is struggling on an uphill track, hit by domestic economic woes and unfavorable external factors.

A view of the construction site of Turkey's first nuclear power plant 'Akkuyu', pictured during the opening ceremony in the Mediterranean Mersin region on April 3, 2018.
Turkish President Recep Tayyip Erdogan and Russian counterpart Vladimir Putin launched the construction of the $20 billion dollar Akkuyu nuclear power plant though a video link from Ankara where Putin is on an official visit. / AFP PHOTO / DOGAN NEWS AGENCY / IBRAHIM MESE / Turkey OUT (Photo credit should read IBRAHIM MESE/AFP/Getty

Fears over safety of nuclear plant flare up in Turkey

The safety of a controversial nuclear power plant that Turkey is building in collaboration with Russia has fueled fresh worries amid reports of cracks in the foundation of the facility.