Global trade

Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue

Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.

Shia Muslims gather along the Bayn al-Haramayn or "between the two sanctuaries", a 378-meter open marble-paved avenue linking the Imam Hussein Shrine and Imam al-Abbas Shrine, in the city of Karbala on August 4, 2026.
Belgian Prime Minister Bart De Wever walks as members of the parliament applaud, at the Belgian Parliament in Brussels, Belgium.

'Point of no return': Belgium becomes fourth European country to ban imports from West Bank

US President Donald Trump gestures after ringing the opening bell for the New York Stock Exchange (NYSE) and Nasdaq during an event to mark the launch of "Trump Accounts" in the Oval Office at the White House in Washington, July 6, 2026.

Trump warns US can wipe out Iran's power grid in 'small part of an afternoon' if deal not reached

Gas flares burn at the Rumaila oil field during an armed patrol by Iraqi Energy Police in Basra, Iraq, June 8, 2026.

Middle East reroutes its energy networks as region navigates shifting sands - analysis


Turkish officials say Russia-Ukraine grain deal has proved its worth

The Turkey- and UN-brokered deal allows for the free passage of Ukrainian grain through the Black Sea, which Turkish officials say is key to protecting global food security.

The Joint Coordination Centre officials are seen onboard Sierra Leone-flagged cargo ship Razoni, carrying Ukrainian grain, during an inspection in the Black Sea off Kilyos, near Istanbul, Turkey August 3, 2022.

What's the best way to build a global workforce?

G-P vice president explains why Israeli companies look to employer of record solutions to grow faster and for less money.

 Nick Adams, vice president of EMEA for G-P, the oldest and largest global SaaS employment platform.

War-torn Ukraine exports millions of tons of grain to developing countries

Despite the hit taken by the Ukrainian grain industry when Russia invaded in February, the country is still exporting millions of tons of grain each month.

 Labourers offload bags of grains as part of relief food that was sent from Ukraine at the World Food Program (WFP) warehouse in Adama town, Ethiopia, September 8, 2022.

Bahrain Begins Construction of US Trade Zone

Economic analyst to The Media Line: The project will increase US-Bahraini trade to $4 billion.

 Foundation stone-laying ceremony for the United States Trade Zone in Salman Industrial City, Bahrain, Feb. 20, 2022.

Israeli company launches AI solution for maritime shipping

Windward’s new solution enables freight forwarders to improve efficiency and scalability with automated data collection and analysis, improving efficiency in maritime freight.

THE ‘EVER GIVEN’ container ship became lodged in the Suez Canal, blocking maritime traffic for almost a week.

China passes US as Israel’s largest source of imports in 2021

Last year, Israel imported $10.7 billion in goods from China, compared with $7.7 billion in 2020 and $8.2 Billion from the United States.

 A cargo ship unloads at Ningbo-Zhoushan Port in Zhoushan, in the Zhejiang Province of China, Jan. 19, 2022.

A new path for the world economy - opinion

Economies need to be much more local and regional; the economic model of cheap goods made in Asia to be sold in the Walmarts of America is already anachronistic.

Economy

Israeli exports expected to top record $120b. in 2021

Two-third drop in export of tourism services blamed for most of 2020’s decline.

PART OF AN electronic board displaying market data is seen at the Tel Aviv Stock Exchange in November.

Live Now: Does Globalization bring world closer together or farther apart?

Boris Mints Institute webinar addressing the challenges of Globalization

Globalization (illustrative)

Coronavirus has changed globalization’s trajectory - comment

On March 16, Nordstrom’s 380 stores in the US and Canada bustled with typical Monday activity. Just one day later, all of those stores went dark.

The EU has been and is at the avant-garde of globalization.