Plans for trade tariffs, deregulation, and mass deportations will have huge repercussions on industries like finance, oil, and manufacturing. Meanwhile, the deficit is set to balloon.

With subsidies still being paid, the budget deficit has ballooned from $45bn in 2024 to an expected $62bn next year. This largesse worries some, but apparently not the government

Damascus has artificially lowered prices for years, but Syrians today cannot afford basics like fuel without them, meaning its budget has become a delicate balancing act

Despite sanctions, Iran is still a big oil producer, with huge refining capacity. It also controls waterways crucial to the flow of Gulf oil. Yet the West has reserves and China's demand is dropping.

Middle East Airlines (MEA) flights to and from Beirut are ongoing despite Israel's relentless air strikes. Amidst huge losses, MEA bosses know how important it is to stay airborne.

The story of Shallah, who recently passed away at 92, and that of his illustrious family tell plenty about the history of Damascus and its business community over the past 100 years

In 2022, hundreds of Western firms left, but around 200 American corporates stayed, including big names like Pepsi and Mars, in part because the cost of leaving is high—and getting higher

While the Kazan Summit can claim some successes, diverging agendas make the search for the soul of the Global South more challenging

The Kingdom already has extensive manufacturing expertise in the production of parts for aircraft, so producing unmanned aerial vehicles for civil and military purposes seems natural

Although it was one of the first countries in the region to produce oil, its natural resources proved limited, so it turned to finance, where it was able to carve out a niche role for itself