Economy and trade

Chinese President Xi Jinping (R) shakes hands with King of Jordan Abdullah II during a signing ceremony at The Great Hall Of The People on Sept. 9, 2015, in Beijing, China.

Jordan's King Abdullah heads to China in first visit since 2015: What to know

Ahead of the visit, King Abdullah said that Jordan hopes to expand cooperation with China in green energy, tourism and aviation.

The Al-Riqqa oil tanker (L) and Al-Yarmouk oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026.

Kuwait's LNG imports climb to highest level since start of Iran war

The country's domestic gas production has fallen drastically since the beginning of the US-Israel-Iran war in February.

Building construction at the Red Sea in Egypt.

Explainer

UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape

An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war.

US President Donald Trump (R) meets with Jordanian King Abdullah II in the Oval Office of the White House, Washington, DC, Feb. 11, 2025.

Analysis

Jordan shores up US lifelines as Iran targets Amman’s reliance on Washington

Already a leading recipient of US aid, Jordan has secured fresh funds from the United States as the Iran war tests Amman and Washington's partnerships.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

US stock markets soar to new records amid Hormuz deal hopes

Michael M. Santiago/Getty Images

Explainer

Iran-Oman Hormuz route talks near 'completion': What to know

Iranian Foreign Minister Abbas Araghchi (L), Iranian parliament speaker Mohammad Bagher Ghalibaf (2nd L) and Omani Foreign Minister Badr bin Hamad Al Busaidi (R) attend a meeting in Muscat, Oman, on June 22, 2026.

Lebanon’s Riad Salameh hospitalized as arrest roils Beirut: What to know

JOSEPH EID/AFP via Getty Images

Saudi Arabia's economy shrinks by 4.8% amid Iran war: What to know

Fayez Nureldine / AFP via Getty Images

Iraqi Prime Minister Ali al-Zaidi speaks during a meeting with US Secretary of Defense Pete Hegseth (not pictured) at the Pentagon on July 14, 2026 in Arlington, Virginia.

Zaidi to meet Erdogan as Turkey-Iraq ties take off, Kurds feel sidelined

The Iraqi prime minister's visits to Ankara and Riyadh underscore Baghdad's push to deepen regional ties as Turkey seeks closer cooperation on energy and security.

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Oil falls 9.5% in steepest drop in months as Iran, US pause attacks

Iran says it is still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States after President Donald Trump halted a two-week bombing campaign.

Spectators look on as an A350-1000 by the European plane maker Airbus takes off on the second day of the Farnborough International Airshow 2026, Farnborough, July 21, 2026.

Explainer

Saudi airlines outbuy Gulf rivals at Farnborough air show: What to know

Saudi airlines emerged as the Middle East's biggest buyers at the international event, while the Gulf's three largest carriers browsed.

United Arab Emirates

Win McNamee/Getty Images

Explainer

How US bid prevailed over China, France, Russia in Saudi nuclear deal

The Trump administration has made American nuclear technology a major priority with an $80 billion investment in the sector, including nearly $18 billion in loans to Westinghouse Electric Company to develop its AP1000 reactor lines.

A pickup truck carrying a turret is pictured as fighters supporting the Aden-based and internationally recognized Yemeni government gather along the Red Sea shore in Khokha, in Yemen's western Hodeidah province on July 20, 2026.

Houthis warn shipping firms to avoid Saudi ports or face attack: What to know

The Houthi militia reportedly emailed multiple shipping companies on Tuesday, warning them of the consequences of visiting Saudi ports.

Amir Hossein KHORGOOEI / ISNA / AFP via Getty Images

Oil tops $90 as Iran warns Hormuz 'will not be safe'

Tensions escalated further after Iran's Islamic Revolutionary Guard Corps vowed on Monday that not a "single drop" of oil or gas would pass through the Strait of Hormuz.

Director of European Affairs and Customs at La Poste Groupe Christelle Defaye-Geneste (L) and Morocco's Minister of Industry and Trade Ryad Mezzour (R) sign agreements between La Poste Groupe and Barid Al-Maghrib, alongside France's Prime Minister Sebastien Lecornu (C-L) and his Moroccan counterpart, Aziz Akhannouch, during a meeting in Rabat on July 16, 2026.

Explainer

France-Morocco ties get an energy jolt as historic heatwaves pressure Europe

During Prime Minister Sebastien Lecornu's visit to Morocco on Thursday, the two countries spotlighted plans to explore an electricity interconnection that could one day deliver Moroccan renewable power to France.

A ship sails off the coast of Ajman on July 10, 2026.

Interview

Why Strait of Hormuz no longer rattles oil markets as much: IMF

The fund's Middle East director, Jihad Azour, told Al-Monitor that the big Gulf energy producers now have more capacity to absorb the shock.

Jihad Azour

Jihad Azour

Director of the Middle East and Central Asia Department at the International Monetary Fund

A man holds a Syrian flag across the street from the White House after Syrian President Ahmed al-Sharaa met with President Donald Trump at White House in Washington, on Nov. 10, 2025.

Syria, US hold first business forum since sanctions relief: What to know

The one-day forum in Damascus was organized by Syria’s Ministry of Economy and Industry and the US-Syria Business Council, which was established in Washington last June to advance trade and investment between the two nations.

A man crosses a street while returning home from work, in Dubai on June 23, 2026. (Photo by FADEL SENNA / AFP via Getty Images)

Analysis

Saudi-UAE payment blocks could imperil billions in trade: What to know

Delayed bank transfers from Saudi Arabia to accounts in the United Arab Emirates could suggest the rivalry between the region's largest economies is entering a new financial phase.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Syrian President Ahmed al-Sharaa (L) welcomes France's President Emmanuel Macron for a joint press conference in Damascus on July 7, 2026.

Explainer

How Macron seeks to carve out France's role in new Syria

French President Emmanuel Macron became the first Western leader to visit Syria since the fall of the Assad regime, showcasing Paris' support for Syrian President Ahmed al-Sharaa while seeking to secure a share of the country's emerging reconstruction market.

Igor IVANKO / AFP via Getty Images

How Iran war could impact oil markets in 2027

The International Energy Agency forecasts global oil supply will exceed demand by 4.62 million barrels per day in 2027.