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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 man sits atop a rolled-up tent in the garden of Yenimahalle Cemevi.

Turkey bans layoffs, introduces benefits, amid mounting earthquake failures

The Turkish government’s new decisions come amid mounting criticism over its failure to provide a timely and organized response to the killer earthquakes.

Backers of the the Southern Transitional Council (STC) which seeks independence for south Yemen, stand guard outside a bank in the Crater district in the centre of Yemen's second city of Aden on August 12, 2019. - (Photo credit should read NABIL HASAN/AFP via Getty Images)

Reports: Saudi Arabia to deposit $1 billion in Yemen’s central bank

The European Union also announced additional funding for Yemen, while a famine watchdog said that economic warfare is increasingly causing hardship for Yemenis.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the northern coastal beach of Nasholim, Israel, Aug. 29, 2022.

Israel's NewMed gas group to build facility in East Med

The move comes as Israel is seeking to export more gas to Europe.

Neptune

Ukraine war at year 1: Europe seeks secure energy ties with Middle East

As the war in Ukraine drags on, Western sanctions on Russia, the world’s largest natural gas and second-largest oil exporter, have sent Europe hunting for alternatives in the Middle East and North Africa.

Sheep walk amid drought and low water levels in the Euphrates River in the western countryside of Tabqa, Raqqa governorate, Syria, Nov. 22, 2022.

Double blow: Syria braces for historic drought after earthquake

For the third consecutive year, delayed rains have left the land scorched and farmers reeling from the impact of a historic drought.

A general view of the oil rig for the Kingfisher development area in Kikuube district on on January 24, 2023. (Photo by Stuart Tibaweswa / AFP) (Photo by STUART TIBAWESWA/AFP via Getty Images)

Junior energy firms to continue to lead hydrocarbons exploration in Morocco

Morocco is hopeful that more gas discoveries will help mitigate its costly oil imports, but it will have to continue to rely on smaller energy firms for exploration efforts.

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

Israel protest

Report: $4 billion flew out of Israel over judicial reform fears

The report from the Israeli news outlet Ynet follows warnings from global financial juggernauts JP Morgan and HSBC.

A Lebanese protester flashes the V-sign for victory and shouts slogans as others vandalise banks in Beirut on February 16, 2023, one day after the Lebanese pound hit a record low against the dollar on the black market. - The country's grinding political and economic crises shows no signs of abating as the pound has lost more than 95 percent of its value against the greenback since the start of the economic collapse in 2019. (Photo by JOSEPH EID/AFP via Getty Images)

Banks burn in Lebanon as exchange rate falls to historic low

Lebanese banks were already on strike and the government’s interventions have failed to alleviate the economic crisis.

A picture taken on May 18, 2017 shows the skyline of northern Tehran from the "Nature" bridge in the capital Tehran on the eve of the presidential elections. / AFP PHOTO / Behrouz MEHRI (Photo credit should read BEHROUZ MEHRI/AFP via Getty Images)

Iran's 'Productivity Plan' likely to lead to an increase in corrupt transactions

Our latest Pro memo looks at how Iran's new strategy to drive economic growth will play out.

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on Aug. 29, 2022.

Explainer: Israel is now an oil exporter with Energean deal, how significant?

Experts told Al-Monitor that the export is not a significant development despite the media buzz, though it may have good public relations value for Israel’s energy sector.

(From left to right) Israel's Energy Minister Haim Katz.

Despite divide over settlements, Israel expands energy cooperation with Egypt

Israel’s Energy Minister Israel Katz chose to travel to Egypt for his first visit abroad since taking office.

UAE Minister of State and ADNOC Group CEO Sultan Ahmed Al Jaber speaks during the Abu Dhabi International Petroleum Exhibion and Conference at the Abu Dhabi National Exhibition Center, United Arab Emirates, Nov. 13, 2017.

COP-28 head Sultan Al Jaber: UAE ‘running toward’ energy transition

As the climate summit president continues to face criticism for his role as head of the UAE's state oil producer, Sultan Al Jaber argued that his position will serve more as an asset than an obstacle to energy transition.