Economy

Shoppers at a street market in Istanbul on Nov. 18. The country's annual food price inflation came to 27.4% in October.
Commodities

Extreme food prices slam inflation-ridden Turkey and Sri Lanka

Vegetables vanish from dinner tables as price index soars 27%

3 December 2021
Israel displays the Iron Dome missile interceptor at the Bangalore Aero-India air show. New Delhi is keen to gain access to Israel's advanced military technology.
International relations

India, Israel aim to boost ties through defense tech and trade

Two sides are resuming long-stalled talks on free trade agreement

28 November 2021
A maze of crude oil pipes and valves at the Strategic Petroleum Reserve in Freeport, Texas, pictured in June 2016: frustrated customers do not make for good business anywhere in the world.
Opinion

Tapping strategic oil reserves will never tame OPEC and its allies

Crude producers should nonetheless refrain from punishing buyer countries

27 November 2021
Investors mingle at Future Initiative Investment Summit Riyadh in Saudi Arabia on Wednesday. (Photo by Nesreen Bakheit)
Economy

Saudi Arabia tries to lure foreign companies away from UAE

Top oil exporter licenses 44 global firms in bid to become regional business hub

1 November 2021
Turkish President Recep Tayyip Erdogan has ramped up pressure on the central bank to stimulate the economy.
Economy

Turkey cuts interest rates again despite calls for course change

Business leaders issue rare critique of Erdogan on inflation and currency

22 October 2021
Women stand in front of a currency exchange office in Istanbul. The Turkish lira depreciated by 8% since the end of August.
Currencies

From Turkey to South Korea, strong dollar squeezes the energy-poor

Higher U.S. interest rates drive investors to greenback

14 October 2021
Turkish President Tayyip Erdogan addresses the 76th Session of the U.N. General Assembly in New York on Sept.21.
Economy

Turkey's surprise rate cut plunges lira to new lows

Move follows Erdogan's assurance inflation is under control

23 September 2021
As the West pushes to decarbonize, a lack of investment in fossil fuel production and exploration threatens a supply squeeze, with alternative energy struggling to fill the gap.
Datawatch

Global energy shortage looms as investment in fossil fuels slides

Decarbonization push may cut oil output 73% by 2050 despite lack of alternatives

21 September 2021
The Taliban's actions have raised skepticism about its promises to respect women's rights. (West Asia News Agency via Reuters)
Afghanistan turmoil

Aid for Taliban-led Afghanistan poses dilemma for West

Economic paralysis since takeover seen plunging 97% into poverty

15 September 2021
Stream article image
Datawatch

U.S. freed from burden of high crude oil prices

Washington to reduce Middle East involvement even further

14 September 2021
Carlos Ghosn, pictured in Beirut on June 14: he is a complicated combination of the concerns many foreign CEOs harbor about Japan's legal system.
Opinion

How Carlos Ghosn could help enliven Japan's election

Extending aid to Lebanon in return for former Nissan CEO is a tempting possibility

13 September 2021
Indonesia's President Joko Widodo and Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan hold a pitcher as they plant a tree during a welcoming ceremony at the presidential palace in Bogor, Indonesia on July 24, 2019.
Trade

Indonesia and UAE begin talks on trade and investment pact

Jakarta wants to use CEPA to access African and other Gulf markets

2 September 2021
Sahap Kavcioglu, governor of the Central Bank of the Republic of Turkey, has his hands full dealing with an impatient president and unforgiving markets.
Market Spotlight

Heat rises on Turkey's central bank chief

Satisfying Erdogan and financial markets proves a major dilemma for Kavcioglu

16 August 2021
The OPEC logo, pictured in Algiers in September 2016: being seen in a more favorable light is a double-edged sword for OPEC.
Opinion

OPEC+ nations must not squander the chance for a makeover

Time the anachronistic cartel moved to cement its relevance

29 July 2021
Saudi Aramco's oil facility in Abqaiq, pictured in October 2019: crude supply has been deliberately restricted.
Opinion

Surging oil prices are a crucial test for OPEC+ nations

Producers' alliance must not become a victim of its own success

23 June 2021
Turkish President Recep Tayyip Erdogan has ousted three central bank chiefs in two years.
Economy

Erdogan's call for rate cut drives Turkey's lira to fresh lows

Leader's call for lower rates by 'July or August' rattles currency markets

3 June 2021
A vendor offering Turkish flags for sale walks past a currency exchange shop in an Istanbul market last month.
Economy

Turkey's revolving door of central bank chiefs whipsaws markets

Investors doubt Erdogan's will to fight inflation while public questions data reliability

22 April 2021
Although Southeast Asia is highly dependent on Mideast oil, some countries lack reserves that will last for more than a month.
Energy

Japan targets Vietnam for first ASEAN oil-sharing deal

Tokyo looks to secure supply chain for companies with overseas footprint

21 April 2021
The currency market trend comes as the U.S. coronavirus vaccination drive progresses. (Source photo by Reuters)
Datawatch

Dollar remains overvalued against yen and other currencies

Difference with theoretical value sows seeds of market unrest

20 April 2021
The Ever Given, one of the world's largest container ships, navigates the Suez Canal on March 29 after being fully floated to unblock the crucial waterway.
Transportation

Suez ship's Taiwanese operator denies liability for blockage

Evergreen chief pins responsibility on vessel's Japanese owner

2 April 2021
A tugboat pulls the giant containership Ever Given through the Suez Canal on Monday.
Transportation

Suez Canal doubles traffic to clear backlog, from cattle to crude

Waterway remains cost-competitive alternative to African route

31 March 2021
Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal.
Economy

Ship blocking Suez Canal not budging, owner says

Extended clog would disrupt European energy markets, but could flood Asia supplies

28 March 2021
The satellite image shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, on March 25.
Transportation

Owner of stranded Suez Canal ship aims to free vessel on Saturday

Companies weigh alternative routes, including the Arctic

26 March 2021
Plastic canisters filled with petrol from Iran at a roadside station on the outskirts of Quetta, Pakistan: Iranian oil has become widely available across the whole country.
Opinion

The hidden costs of Pakistan's crackdown on Iranian oil smuggling

Illicit trade highlights failure of China's economic corridor to generate employment

26 March 2021
Tugboats sail Thursday beside the Ever Given, the giant containership that became lodged in the Suez Canal. (Photo courtesy of the Suez Canal Authority)
Economy

Suez Canal faces prolonged blockage, sparking fear for exporters

Ever Given operator seeks new plan to dislodge massive containership

26 March 2021