1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites
Live TV
Latest audioLatest videos
In focus
German coalition collapseMiddle EastUS election
BusinessMiddle East

Why the Middle East won't quit oil

Kate Ferguson
February 26, 2024

No region in the world has been as profoundly shaped by oil as the Middle East. Now times are changing — oil has fallen out of favor and Gulf countries are diversifying their economies. Will investing in renewables actually translate into quitting fossil fuels?

https://p.dw.com/p/4bY7V
Skip next section More on Business from Middle East

More on Business from Middle East

DW Business (Sendungslogo Composite)

DW Business

Argentina's farmers disagree over glyphosate ban - Producers fail to gain from rising olive oil prices
BusinessOctober 12, 202312:35 min
04.2015 DW Business Sendungslogo

DW Business

Oil prices spike after Hamas attack on Israel - IMF and World Bank cut China growth forecast
BusinessOctober 10, 202312:30 min
DW Business (Sendungslogo Composite)

DW Business

Saudi Arabia and Russia cut oil output and exports - Uganda launches oil drilling project on Lake Albert
BusinessJuly 4, 202312:35 min
Show more
Skip next section More on Business from around the world

More on Business from around the world

Wirtschaftsnobelpreis 2024 Stockholm

'Inclusive institutions key to nations' economic success'

DW's Janelle Dumalaon sat down Nobel Prize winner James Robinson to find out why some nations succeed and some fail
BusinessNovember 4, 202412:17 min
Brics-Gipfel im russischen Kasan

BRICS leaders discuss dollar alternative

The leaders of some emerging economies are meeting to discuss how to reduce dependence on the US dollar.
BusinessOctober 24, 202401:56 min
A view of the ECB headquarters in Frankfurt: Twin high-rise buildings near four EU flags

European Central Bank announces 0.25% rate cut

The ECB says inflation in the euro zone is increasingly under control.
BusinessOctober 18, 202401:22 min
Show more
Skip next section About the show

About the show

An illustration depicting globalization
Image: Waldemar Thaut/PantherMedia/imago imagesImage: Waldemar Thaut/PantherMedia/imago images

Business Beyond — going beyond the headlines

The global economy, explained. Business Beyond dives into the most relevant cross-border business stories of today, unraveling economic threads, from trade wars to the global race for AI dominance.

Go to show Business Beyond — going beyond the headlines