Saudi-US business forum to focus on defense, artificial intelligence

Saudi Arabia is looking to diversify its economy, but some in the United States want less cooperation with the Gulf state due to human rights concerns.

By Al-Monitor Staff

Can Turkey benefit from Europe’s quest to reduce Russian gas?

Europe’s efforts to phase down gas imports from Russia might place Turkey at the center of routes for alternative supplies from Azerbaijan and Israel.

Turkey

Fourth offshore drilling ship for Turkey en route from South Korea

The advanced vessel will join Turkey’s three others in conducting energy exploration in the Mediterranean and Black seas.

Turkey

Egypt to have eight months of wheat reserves, says minister

The Russian invasion of Ukraine is threatening wheat supplies across the Middle East.

By Al-Monitor Staff

Saudi, Emirati oil prices reach record highs

The Russian invasion of Ukraine has led to historically high oil prices.

By Al-Monitor Staff

How Ukraine crisis undermines Turkey's economic program

Ankara’s economic program has hit a deadlock under the impact of Russia’s invasion of Ukraine, marked by a stream of fuel hikes, canceled tourism bookings and textile orders, and shortage fears in the food sector.

Turkey

Turks rush to buy sunflower oil as Ukraine war menaces food prices

Despite official assurances over supplies of basic items, a holdup of imports from Russia and Ukraine has already sparked panic buying of sunflower oil.

Turkey

UAE partners with US investing firm BlackRock

The New York-based BlackRock signed a memorandum of understanding with UAE's global investment platform Investopia.

United Arab Emirates

Turkey balks at coal phaseout amid growing energy woes

Turkey’s pledge to reach net zero carbon emissions by 2053 has come into question after a major climate meeting ended without a coal phaseout plan.

Turkey

Children's education at risk in Lebanon due to economic crisis

More than 700,000 kids are at risk of never returning to a classroom due to rising poverty, while thousands have dropped out of school to engage in child labor or get married.

Lebanon

Oil prices, Saudi Aramco shares soar as Ukraine fighting continues

Saudi Arabia, Russia and other major oil producers have so far declined to increase production despite pleas from the United States.

Saudi Arabia

Turkey’s inflation hits 54.4% as Ukraine crisis threatens fresh blows

Russia’s invasion of Ukraine is producing fresh headwinds for Turkey’s economy, including further inflationary pressure and looming blows to the country’s tourism sector, a vital source of hard currency revenues.

Turkey