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Economy & Business

Oil drilling near Dakhiliyah in the desert region of Hasakah, Syria, Jan. 25, 2026.

Syria launches gas project with Saudi firm in latest Gulf energy partnership

The project is the latest in a series of Gulf-backed investments aimed at rebuilding Syria's energy sector after the ouster of President Bashar al-Assad in December 2024.

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025.

Trump earns $810M from UAE-backed crypto firm: What to know

According to the disclosure, Trump earned $810 million from crypto token sales and sales of interests in UAE-backed World Liberty Financial.

United Arab Emirates

Latest News

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

Omar Albaw / Middle East Images / AFP via Getty Images

Here's what to know about Iraq's corruption as Zaidi launches crackdown

AHMAD AL-RUBAYE / AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

AFP via Getty Images

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Olivier Badard

CEO of Armada Holding

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 Kuwaiti woman walks past a warning sign at a beach in Kuwait City, following an oil spill off the coast, Kuwait, Aug. 21, 2017.

Oil spill hits Kuwait but production unaffected

Oil production was unaffected but some people were injured, according to the state-owned oil firm.

Oil prices fall, Saudi National Bank loses $1 billion over Credit Suisse

The drop in oil prices followed more troubling global financial news as UBS bought out Credit Suisse.

Vehicles drive in Amman on February 22, 2023. (Photo by Khalil MAZRAAWI / AFP) (Photo by KHALIL MAZRAAWI/AFP via Getty Images)

Analysis

Jordan economic rating shows upswing, but problems remain

Jordanians in the private sector are praising their government's ambitious economic strategies, but still see systemic inefficiencies as a barrier to making them a reality.

By Salim A. Essaid

Qatar's Emir and Paris Saint-Germain owner Tamim bin Hamad Al-Thani (C) looks on during the UEFA Champions League round of 16 second-leg football match between Paris Saint-Germain (PSG) and Manchester United at the Parc des Princes stadium in Paris on March 6, 2019. (Photo by FRANCK FIFE / AFP) (Photo credit should read FRANCK FIFE/AFP via Getty Images)

Qatar's Manchester United takeover could monetize new Mideast fan base

A Qatari takeover of the English soccer club would “turbocharge” the global presence of the English Premier League, analysts told Al-Monitor

Iraq video games

With few job openings, Iraqi youth find work in creative ways

As Iraq’s economy struggles, Al-Monitor spoke to young Iraqis who are making money via video games, social media and other means.

Traders follow the movement of stock prices at the Kuwait Stock Exchange, Kuwait City, March 2, 2022.

Kuwait asks Asian refiners to take less oil as Al Zour refinery ramps up output

Kuwait Petroleum Corporation informed some buyers that Kuwait Export Blend crude supply could be reduced under new annual contracts as soon as April, according to Reuters.

An aerial view shows the Central Business District (Ruwi) in the Omani capital Muscat on April 9, 2021. (Photo by Haitham AL-SHUKAIRI / AFP) (Photo by HAITHAM AL-SHUKAIRI/AFP via Getty Images)

Investors eye state energy firm OQ as Oman stock market poised for take off

Oman's stock market is back on investors' radar after its largest IPO in over a decade saw state energy company OQ raise $244 million.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

People take picture from a observation bridge of Rain Vortex as a train passes at Jewel Changi airport in Singapore on December 7, 2022. (Photo by Roslan RAHMAN / AFP) (Photo by ROSLAN RAHMAN/AFP via Getty Images)

Qatar loses 'World’s Best Airport' to Singapore, Turkey's Istanbul climbs to 6

Most Gulf Cooperation Council city airports went up in rank from last year's SKYTRAX’s World Airport Awards.

Egypt port

Egypt signs $1.6 billion deals with China, EU companies to develop sea ports

The Egyptian government wants its Red Sea and Mediterranean ports to help boost the economy amid rising inflation and declining foreign currency reserves.

Russian President Vladimir Putin meets with his Syrian counterpart Bashar al-Assad at the Kremlin in Moscow on March 15, 2023.

Syria, Russia to sign 40 investment deals after Assad’s visit

Syrian President Assad also said in an interview with Sputnik that he would not meet with Turkish President Erdogan until Turkey removes its troops from Syria.

A worker in an oil field developed by Almetyevneft, an oil and gas production board (NGDU) of Tatneft.

Oil sinks below $75 a barrel, lowest price in more than a year

The news follows the Saudi National Bank declining to inject more money into the struggling Credit Suisse, as well as Silicon Valley Bank’s failure.

Peugeot 207 and 206 cars are parked at a hangar after exiting production lines at the Iran Khodro auto plant, west of the Iranian capital Tehran, on August 14, 2022. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iran's automotive 'mega project' will have limited impact

The Iranian government plans to sell 500,000 cars directly to consumers in order to limit the influence of intermediaries and reduce market prices. Here's why that won't work.

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics