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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.

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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

An oil tanker unloads imported crude oil at Qingdao port in China's eastern Shandong province on May 9, 2022. (Photo by STR/AFP via Getty Images)

Iran bolsters ties with China and Venezuela despite US sanctions

Iranian oil exports to China are on the rise, and the Islamic Republic’s relations with Venezuela are moving beyond energy matters, as the South American country recently received 1,000 vehicles from the Iranian automobile firm Saipa.

Algeria's Energy Minister Mohamed Arkab

Algeria-Italy energy ties strengthen with emission reduction deal

Italy’s Eni and Algeria’s Sonatrach pledged to work together on carbon capture, green hydrogen and more during Prime Minister Giorgia Meloni’s official visit to Algeria. The North African country is exporting more gas to Europe in response to the Ukraine war.

Oman's Minister of Oil and Gas Mohammed bin Hamad al-Rumhy.

Oman continues economic reforms by listing drilling company on stock exchange

Oman’s fiscal performance has improved in the last year, and the country wants to produce more alternative forms of energy, such as hydrogen.

Wind power is one of the fastest-growing renewable energy technologies. Usage is on the rise worldwide, in part because costs are falling. Many parts of the world have strong wind speeds, but the best locations for generating wind power are sometimes remote ones. Windmills for electric power production in the desert in Egypt.

Middle East green finance to see further boost from COP28

PRO Trend Report: The Middle East's green finance space is growing rapidly, but it's still relatively small compared to the world's largest markets. The region is poised to become a bigger player ahead of COP28, though. (subscribers only, access with free trial)

OPEC Fund Director General - Abdulhamid Alkhalifa

OPEC Fund raises $1 billion via sustainability bond

Gulf states in the organization are showing increasing interest in funding projects related to the environment, renewable energy and green technology.

A tourist swims in a swimming pool at a hotel in Tunisia's resort town of Hammamet, about 66 kilometres south of the capital Tunis, on October 7, 2021. - The October sun warms the sands of Hammamet beach on the Tunisian coast, but the coronavirus pandemic still casts a shadow, and visitors are few on the ground. After two ruined seasons in a row, operators in Tunisia are licking their wounds and hoping the lifting of travel restrictions will spell better days. (Photo by ANIS MILI / AFP) (Photo by ANIS MILI/

North African tourism hinges on stability in Europe and at home in 2023

PRO: Will tourism revenues make a comeback in North Africa in 2023? Here's what we're expecting. (access with one-week free trial)

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

Lebanese pound exchange

Lebanon's currency hits an all-time low as gridlock continues

Lebanon's currency has set a new record low as the parliament failed yet again to elect a president.

ISSOUF SANOGO/AFP via Getty Images

Why Tunisian InstaDeep’s $682m exit may not mark Maghreb's turning point

While mega exits have historically upturned ecosystems across the world, Tunisia and the Maghreb region contain hurdles that make such shifts less likely.

An Egyptian vendor carries a rack of Egyptian traditional 'Baladi' bread in Al Fustat neighborhood on May 2, 2022 in Cairo, Egypt. Egypt imports 80% of its wheat supply from Russia and Ukraine, whose production and export have been disrupted by the invasion. (Photo by Roger Anis/Getty Images)

Al-Monitor/Premise poll: Majority in Egypt, Turkey and Tunisia on edge over food access

In an exclusive poll in five countries across the Middle East and North Africa, 68% majority of the population worried about their ability to access food.

AL-MONITOR Staff

By AL-MONITOR Staff

Egyptian President Abdel Fattah al-Sisi participates in the Leaders Session – Partnering on Agenda 2063 at the US-Africa Leaders Summit, Washington, Dec. 15, 2022.

Egypt green-lights sweeping privatization strategy following IMF agreement

The plan defines the contours of the state’s future participation in the economy, including those activities it plans to exit, to increase the contribution of the private sector.

THOMAS KIENZLE/AFP via Getty Images

Israel approves $33 million for quantum computing consortium

Building on its technological knowhow and entrepreneurship, Israel hopes to become a major player in quantum computing.

Saudi Arabian Crown Prince Mohammed bin Salman (C) and Formula One Group CEO Stefano Domenicali (R).

Saudi Arabia launches investment fund for sports, entertainment events

Crown Prince Mohammed bin Salman’s aggressive modernization plans have been criticized for being overly ambitious.