Economy

The major industry has been better prepared than expected, but it still suffers from lack of liquidity and sluggish growth due to banking restrictions and other inefficiencies.

Europe hoped Turkey could help the continent wean itself off Russian fuel. But Ankara might have other plans.

Faced with declining gas production and falling oil prices, Algeria is moving to tap its promising shale resources—but success is not assured.

The latest restructuring in the Saudi hydrocarbon sector could mean new policies for the world's largest oil exporter.

Hardly a week goes by without some barb or insult traded between Turkey and Israel.

Egypt’s economy has stagnated since the 2011 revolution, pushing millions into poverty, but one group isn’t feeling the pain: Egypt’s billionaires, whose wealth has increased dramatically since 2011.

Saudi Arabia is burning through foreign reserves at a record pace as the largesse of the new king and regional turmoil ratchet up pressure on public finances already hurt by the oil price slump.

Beijing is walking a fine line between Saudi Arabia and Iran. But, in this region, even a big checkbook can't buy friends in both places.

As it enters its eighth decade, the World Bank faces an identity crisis.

In response, the U.K. government insisted that the High Court must reverse that ruling because the safety of British subjects would be endangered if the ruling stood.