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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

Indian Prime Minister Narendra Modi (R) shares a light moment with Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan at Hyderabad House in New Delhi on February 11, 2016. The crown prince is on a three-day state visit to India until February 12. AFP PHOTO / Money SHARMA / AFP / MONEY SHARMA (Photo credit should read MONEY SHARMA/AFP via Getty Images)

US, India, UAE, Israel convene I2U2 forum in Abu Dhabi

The meeting builds on the food security initiative spearheaded by President Joe Biden in 2021 in preparation for global climate change.

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.