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Economy & Business

An aerial view shows port of the western Syrian port city of Latakia, on Dec. 18, 2024.

Analysis

Can a UAE-backed Syria-Iraq corridor become Gulf's next trade route?

On June 26, Emirati and Syrian officials discussed plans for a logistics corridor connecting Syrian ports to Gulf markets via Iraq.

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

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."

Latest News

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

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.

United Arab Emirates

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

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 walks past a currency exchange office on May 05, 2022, in Istanbul, Turkey.

Money inflows of unknown origin headed for record in Turkey

As Turkey’s current account deficit continues to widen in the coming months, foreign currency inflows of unknown origin might end up covering more than 70% of the gap.

YASIN AKGUL/AFP via Getty Images

Tracker: ships carry grain from Ukraine to Middle East

Ships have left Ukraine for Turkey, Iran and elsewhere since the agreement between Ukraine and Russia on safe passage through the Black Sea.

JOHN THYS/AFP via Getty Images

Shipping giant Maersk to invest $500 million in Suez Canal

The investment comes as the canal strives to go green following record-setting revenues.

Egyptian Minister of Foreign Affairs and upcoming Chairman of the COP27 Sameh Shoukry is seen at a press conference after the May Ministerial - World Climate Leaders Meeting, Copenhagen, Denmark, May 13, 2022.

Egypt to mobilize investments for climate projects ahead of COP27

The first regional forum organized by the Egyptian presidency of the UNFCCC COP27, among five forums aimed at encouraging investment in climate action, kicked off in Addis Ababa Aug. 2.

Syrian laborers work at a clothing workshop in Damascus on Feb. 2, 2016.

Syria and North Korea discuss repairing Syrian engineering and industrial sectors

Syrian industry has experienced substantial losses as a result of the war between government and rebel forces.

This picture taken on Jan. 13, 2022, shows a view of the Shubra al-Kheima natural gas electrical power station.

Saudi Arabia secures funding for electricity interconnection with Egypt

Egypt just approved a plan to ration electricity, though the government said there is not a shortage of power.

A general view of the Egyptian Stock Market in Cairo on Jan. 6, 2013.

Saudi Arabia’s Public Investment Fund acquires stakes in Egyptian state-owned firms

The acquisitions help make good on Saudi Arabia’s pledge to invest billions in Egypt.

Marwan Tahtah/Getty images

Iraq agrees to provide Lebanon with fuel for another year

Lebanon’s fuel crisis is showing no signs of letting up, but an exchange with Iraq is keeping one source flowing.

Turkey’s current account gap widens, with no respite in sight for the lira

The Turkish lira is likely to tumble further in the coming months as the country’s current account gap threatens to grow beyond $40 billion by the end of the year.

This picture taken on May 9, 2021 shows a view of the Dubai city skyline as seen from the Burj Khalifa, currently the world's tallest building at 828 metres. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Gulf states changing labor, visa and residency policies to attract foreign wealth, talent

Robert Mogielnicki

Robert Mogielnicki

oil pumpjacks

Oil prices fall to lowest since February

The price of oil is bouncing near levels around the time of the Russian invasion of Ukraine since Saudi Arabia, Russia and other major oil producers agreed to a small supply boost.

AL-MONITOR Staff

By AL-MONITOR Staff

Gaza food stalls

After Hamas sits out latest conflict, Israel expands Gaza economic relief

Now that its miltiary operation has ended, Israel is continuing and expanding measures that will help Gaza’s economy grow.