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Economy & Business

Pictured in this undated image is the Al-Thawra oil field in Raqqa governorate, as rehabilitation works continue to restore production capacity.

Syria restores Raqqa oil field in former ISIS stronghold: What to know

Before Syria's civil war erupted in 2011, national oil production stood at between 400,000 and 500,00 barrels per day before falling to under 100,000 bpd during the conflict.

Guests stand at the Aramco booth during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi on Nov. 3, 2025.

Aramco profits jump 26% as Hormuz disruption chokes supply

Aramco CEO Amin Nasser said the market has already lost around 1 billion barrels of oil supply since the US-Israel-Iran war erupted on Feb. 28.

In Bristol, reporting on regional business, climate change, AI, tech

Kaja Kallas

EU restores economic pact to pursue fuller trade ties with Syria

The move marks a major economic step for Syria's recovery after its 13-year civil war and the fall of the Assad regime.

CN-STR / AFP via Getty Images

China’s overland trade routes offer Iran wartime economic lifeline: What to know

Cargo rail traffic between China and Iran has reportedly surged since the US blockade began in April as Tehran seeks overland trade alternatives to help buy time.

Latest News

What to know about Iran's 'Persian Gulf Strait Authority' to control Hormuz traffic

In this picture obtained from Iran's ISNA news agency on May 4, 2026, the Iran-flagged tugboat Basim sails near a ship anchored in the Strait of Hormuz off Bandar Abbas in southern Iran.

Egypt ramps up energy investments amid war-driven price pressures

Egyptian Prime Minister Mostafa Madbouly speaks in Beirut on Dec. 19, 2025.

Few ships pass Hormuz despite US efforts to break Iran's hold

Tankers are seen at the Khor Fakkan Container Terminal in the Sharjah Emirate, along the Strait of Hormuz on June 23, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Francisco Serrano

In Lisbon, reporting on North Africa business

A worker operates a production line panel in a production hall at the Agrana food factory in the Egyptian capital Cairo on October 11, 2016. Agrana is an Austrian multinational company which processes agricultural commodities into industrial products, with a joint-venture in fruit preparation in Egypt. / AFP / MOHAMED EL-SHAHED (Photo credit should read MOHAMED EL-SHAHED/AFP via Getty Images)

Egypt’s bid to localize electronics manufacturing starts to pay off

This nascent industry is beginning to pick up steam on the back of the government’s eager plans to localize it.

Marc Español

This photo taken on March 7, 2023 shows a cargo ship powered by LNG (Liquefied Natural Gas) loaded with containers at a port in Qingdao, in China's eastern Shandong province. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

China signs major LNG deal with Qatar as Beijing’s Gulf push continues

QatarEnergy inked a 27-year agreement with the China National Petroleum Corporation (CNPC) to provide 4 million tons of LNG per year.

Carlos Ghosn

Carlos Ghosn files $1 billion lawsuit in Lebanon against Nissan

The lawsuit reportedly accuses the Japanese carmaker and two other companies as well as a dozen individuals of crimes including defamation, slander, libel and fabricating material evidence.

An Israeli Nature and Parks Authority employee dives in the Red Sea to remove corals that grew on columns supporting the Europe Asia Pipeline.

Israel to build land fiber-optic cable between Mediterranean, Red seas

Israel's Finance Ministry reached an agreement with an Israel state-owned energy company to construct a multi-optic-fiber between Ashkelon and Eilat, with the goal of turning the country into an international communication corridor.

Vladimir Putin, Abdelmadjid Tebboune

Analysis

Algeria’s Tebboune uses reliable partner status to secure Russian arms

Russia's invasion of Ukraine put Algeria in an awkward place, as it plans to walk the diplomatic tightrope with Russia and the West.

In Bristol, reporting on regional business, climate change, AI, tech

Iranian embassy

Analysis

Saudi-Iran detente offers dubious economic benefits, say analysts

Saudi Investment Minister Khalid al-Fatih spoke brightly this week about the economic potential of the China-brokered agreement, but experts who spoke to Al-Monitor are more skeptical.

In Bristol, reporting on regional business, climate change, AI, tech

Dubai economy

Oil leaves invisible footprint on Gulf's non-oil economies

Touted progress in diversifying Gulf economies beyond the fossil fuel rent comes with a caveat. Oil and gas revenues indirectly propel large chunks of the non-oil economy through public expenditures such as wages, subsidies and infrastructure spending.

Visitors view a TAI/AgustaWestland T129 ATAK attack helicopter on display at the Turkish Aerospace stand during the Naval Defence and Maritime Security Exhibition (NAVDEX), part of the wider International Defence Exhibtion (IDEX) at the Abu Dhabi International Exhibition Centre on February 20, 2023. (Photo by Ryan LIM / AFP) (Photo by RYAN LIM/AFP via Getty Images)

Economic arsenals: the Middle East’s rise as a global defense industry hub

The Mideast's defense market is evolving, motivated by a desire to secure greater self-sufficiency and national sovereignty.

Dubai free trade zone

Dubai free zone reports 24% increase in Chinese companies

The Dubai Multi Commodities Center has more than 770 Chinese companies in its free trade zone.

United Arab Emirates

Justin Rose of England and his caddy look on.

US Justice Department investigating Saudi LIV Golf-PGA Tour merger: reports

The revelation follows action taken by some members of Congress in response to the Saudi sovereign wealth fund-backed golf league’s deal with the US-based PGA Tour.

A general view of the Kingdom of Saudi Arabia pavilion at COP26 on Nov. 10, 2021, in Glasgow, Scotland.

Analysis

Saudi Arabia's carbon credit exchange: climate action or greenwashing?

Sixteen firms, including Aramco, Saudi Airlines, Saudi Electricity Company and NEOM subsidiary ENOWA, bought more than 2.2 million tons of carbon credits in Nairobi on Wednesday.

By Salim A. Essaid

KHALED DESOUKI/AFP via Getty Images

Egypt remittances plunge amid economic uncertainty

Money transfers through official channels by Egyptians working abroad plummeted by 23% during the second half of 2022, reaching the lowest level since the 2016 crisis.