Egypt secures Qatari investment boost, launches first SCZONE industrial deal Bilateral trade between the two countries rose to $143 million during the first 10 months of 2025. Egypt
Analysis Yemen’s oil heartland fuels new conflict as STC seeks new political power By targeting Yemen’s oil-rich regions, the Southern Transitional Council has positioned itself to alter power balances nationally and strengthen its bid for an independent state in the south. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Turkey, US push toward $100B trade goal as Bolat heads to Washington Bilateral trade between the United States and Turkey reached almost $43 billion in 2024, according to the US trade representative. Turkey
Newsletter: Business & Tech Syria seeks investment in new era Syria’s year-old transitional government is accelerating efforts to rebuild its war-battered economy. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Poverty in Lebanon tripled to 44%, as high as 62% in rural areas: World Bank In a recent report, the World Bank revealed a three-fold increase in poverty rates in Lebanon, which is hard hit by an economic crisis and financial meltdown, with nine out of every 10 Syrians displaced in the country living under the poverty line. Lebanon
Goldman Sachs first Wall Street bank to get green light for Saudi Arabia HQ The US-headquartered investment bank received a license from the Saudi Ministry of Investment to set up its regional headquarters in the capital, Riyadh. Saudi Arabia
Algeria signs with ExxonMobil, Baker Hughes as Europe's gas demand soars Europe is increasingly looking to Algeria for natural gas amid the Ukraine war, and the North African country’s exports are on the rise. Algeria
Yellen warns Israel against blocking Palestinian banks, battering West Bank Israel has been threatening to cancel a vital waiver that expires July 1 between Israeli and Palestinian banks that allows Israeli banks to process shekel payments for vital services and PA salaries. Israel
UAE's ADNOC invests in Mozambique's natural gas in first African foray The deal will give ADNOC a share of the liquified natural gas output from the concession, which has a combined capacity of over 25 million metric tons per pear, the company said in a statement. United Arab Emirates
Huawei launches Egypt public cloud service as China ties grow Last September, Huawei announced that it would pump $430 million into North Africa to build the firm's first cloud center there as well as train thousands of developers and tech specialists. Egypt
Why UAE’s ADNOC is mulling setting up US trading desk The UAE state-backed company recently held talks to recruit senior energy traders to oversee the expansion, Reuters reported. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Interview AI pioneer Schmidhuber bets on Saudi Arabia for trillion-dollar breakthrough Juergen Schmidhuber, a pioneering AI researcher told Al-Monitor that Gulf players have opportunities to take on traditional tech powerhouses in this high stakes AI race. Juergen Schmidhuber AI computer scientist
Gulf consolidates stature as sovereign wealth hub, lags on per capita holdings A frenzy of recent initial public offerings has again highlighted Gulf states' statuses as global wealth hubs. By Sebastian Castelier In Dubai, reporting on regional business
Turkey expects removal from global money laundering ‘grey list’: VP The Turkish vice president said that if the watchdog doesn’t remove the country from its grey list, it would be “due to political reasons." Turkey
UK music festival rocked by boycotts as artists shun Israel The artists are refusing to play at the Great Escape Festival in Brighton, a seaside resort in South England, over one of the sponsors' ties to Israel. Israel
Dubai beats Singapore, London as top city for 'greenfield' FDI projects FDI Markets data, compiled by the Financial Times, found the UAE's financial capital ranked top overall in global "greenfield" FDI projects attracted in 2023. United Arab Emirates