Middle East/Economy


 3 min read

Economy
An employee at the Saudi Aramco oil facility at the plant in Saudi Arabia's Red Sea city of Jeddah, on November 24, 2020.

Saudi Aramco becomes world's most valuable company

The Saudi Arabian oil giant is valued at $2.42 trillion, surpassing tech giant Apple

 2 min read

Economy
Saudi Crown Prince Mohammed bin Salman, right, meets with Senior Advisor to the U.S. President, Jared Kushner in Riyadh, Saudi Arabia, Tuesday, Sept. 1, 2020

Report: Saudi Arabia to invest in Israel through Kushner's fund

This will mark the first public business transaction between the countries

 2 min read

Economy
A currency exchange office worker counts Turkish Lira banknotes in front of the electronic panel displaying currency exchange rates at an exchange office in Istanbul, Turkey, August 6, 2020.

Official inflation rate in Turkey neared 70 percent in April

Economists say Turkey's problems are attributable to Erdogan's unconventional economic strategy

 2 min read

Economy
Turkey's President Recep Tayyip Erdogan speaks during a visit to the Dubai Expo 2020 in Dubai, United Arab Emirates, February 15, 2022.

Erdogan aims for investment in Turkey with Saudi Arabia trip

Experts believe that securing Saudi capital could help Turkey with its financial woes

 2 min read

Economy
View of the enhanced security barrier along the Israel-Gaza border, December 8, 2021.

Israel: Gaza border closure aims to up economic pressure on Hamas

'Firing rockets would lead into a very fast deterioration' in Gaza's economic situation

 3 min read

Economy
Visitors attend the closing ceremony of Expo 2020 in Dubai, the United Arab Emirates, on March 31, 2022.

MENA startups raise $864m in first quarter of 2022

Startups in the UAE lead the MENA region, claiming 27 percent of all deals closed in 2022 so far

 2 min read

Economy
Umm Younis, a woman shopping at a market in Iraq, speaks on April 5, 2022.

Ramadan shoppers face soaring prices at grocery stores

'Everything is expensive - meat is expensive, we will not buy it'

 2 min read

Economy
A visitor looks on as a representative of the Israel pavilion speaks at the Dubai Expo 2020 in the United Arab Emirates, on September 27, 2021.

Israel, UAE finalize free trade deal

'This milestone deal will cement one of the world’s most... promising emerging trading relationships'

 2 min read

Economy
A picture taken on June 3, 2020 shows an oil refinery in Libya's northern town of Ras Lanuf.

OPEC sticks to modest oil output despite Ukraine war pressure

OPEC plans to increase production by a marginal amount to 432,000 barrels per day in May

 2 min read

Economy
This photograph made on October 12, 2010 shows ancient Buddha statues inside a temple in Mes Aynak, south of Kabul, Afghanistan.

Taliban guards Buddha relics to secure investment from China

Mubariz says that 'Protecting them is very important to us and the Chinese'

 2 min read

Economy
In this photo taken on June 25, 2013, a road sign shows the direction to the Algerian city of Tebessa with the mountains of Jebel Chaambi in the distance.

Algerian, Chinese firms announce phosphate mining mega-deal

'The company will produce about [5.9 million tons] of fertilizer per year'

 3 min read

Economy
Qatar's Energy Minister and President and CEO of QatarEnergy Saad al-Kaabi speaks at a joint press conference during the GECF summit in Qatar's capital Doha on February 22, 2022.

Germany and Qatar form long-term energy partnership

'The companies that have come to Qatar... will now enter into contract negotiations'

 3 min read

Economy
Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf emirate of Dubai, on March 10, 2022.

Digital art in spotlight as Dubai makes crypto hub bid

Art Dubai features digital works for the first time

 3 min read

Economy
A picture taken on June 3, 2020 shows an oil refinery in Libya's northern town of Ras Lanuf.

US, UN urge end to blockade on Libya’s oil fields

'Blocking oil production deprives all Libyans from their major source of revenue'

 2 min read

Economy
A picture taken on December 7, 2021 in Istanbul, Turkey, shows US dollars banknotes and Turkish lira banknotes.

Turkey’s inflation hits highest rate since 2002

The rising cost of living is a major source of public discontent for Turkey's inhabitants

 3 min read

Economy
Israeli President Isaac Herzog (C) and Emirati Ambassador to Israel Mohamed al-Khaja (C-R) open the Israeli stock market in Tel Aviv, Israel, on July 14, 2021 on the same building of the new UAE embassy.

Israel ‘optimistic’ as UAE free trade agreement nears

Ben-Zeev says 'We are very optimistic about the opportunities'

 4 min read

Economy
An Emirates jetliner comes in for landing at the Dubai International Airport in Dubai, United Arab Emirates, December 11, 2019.

No full recovery until 2024, says Dubai airports chief

'We are nowhere near the pre-pandemic levels'

 3 min read

Economy
A Saudi man plays with a street cat as he drinks tea in the Old City of Jiddah, Saudi Arabia, October 25, 2021.

Saudi consumers expected to shop online more in 2022

Saudi communities are embracing digital commerce with 'great passion and remarkable speed'

 2 min read

Economy
Republican People's Party Chairman Kemal Kemal Kilicdaroglu (C) speaks to the press outside the Ministry of Education in Ankara, Turkey, on December 30, 2021.

Turkey: Opposition head won’t pay bills, protests price rise

'I will not pay any of my electricity bills from today until Erdogan withdraws the price hikes'

 2 min read

Economy
In this file photo taken on April 15, 2020 a sign is seen outside the headquarters of the International Monetary Fund (IMF) in Washington DC, US.

IMF greenlights $1 billion loan disbursement for Pakistan

Pakistan's growth is expected to reach four percent this year, but the IMF warns it remains vulnerable

 3 min read

Economy
Visitors are pictured inside the Israeli pavilion at the Expo 2020 in Dubai, the United Arab Emirates, on January 10, 2022.

Israel approves $94m joint R&D fund with UAE

'These investments are going to support the already explosive growth in Israel-Emirati trade'

 2 min read

Economy
A view shows the impoverished neighborhood of Jabal Mohsen in the port city of Tripoli north of Beirut, Lebanon, on December 13, 2021.

Lebanon’s middle class feels the strain of economic crisis

Wissam says that Lebanon's leaders 'are all corrupt and thieves'

 3 min read

Economy
A picture taken on September 18, 2020, shows Oman's national flag waving in the wind in the capital Muscat, Oman.

UK and Oman sign deal pledging to bolster investment ties

Lord Grimstone says 'Our two countries share a vision for a sustainable and prosperous future'

 2 min read

Economy
Youths search for recyclable items among garbage along a roadside in Kabul, Afghanistan, on January 15, 2020.

Iran calls for US to unfreeze Afghanistan’s overseas funds

Iran's foreign minister says the funds 'should be used for humanitarian purposes'