Economy & Business - AL-Monitor: The Middle Eastʼs leading independent news source since 2012

Business and Economy Cover Image

Economy & Business

Egypt’s Minister of Investment and Foreign Trade Hassan El Khatib speaking at the Egyptian-Qatari Investment Forum in Cairo, Egypt on Dec. 14, 2025 (State Information Service)

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.

Yemeni employees walk at the Aden oil refinery company in Yemen's port city of Aden on Sept. 29, 2015.

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.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

U.S. President Donald Trump (R) shakes hands with President of Turkey Recep Tayyip Erdogan in the Oval Office at the White House on September 25, 2025 in Washington, DC. Trump has signaled that the U.S. might lift a ban on F-35 sales to Turkey during Erdogan's first visit to the White House since 2019. (Photo by Andrew Harnik/Getty Images)

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.

Latest News

UAE, Russia host first joint business forum despite Ukraine war sanctions

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin and Emirati President Sheikh Mohamed bin Zayed Al Nahyan walk at the Kremlin following their talks in Moscow on August 7, 2025. (Photo by Gavriil Grigorov / POOL / AFP) (Photo by GAVRIIL GRIGOROV/POOL/AFP via Getty Images)

United Arab Emirates

Mideast funds back Paramount's $108B Warner Bros. takeover bid

Multiple exposure photograph of the Netflix and Warner Bros logos in front of a television screen at Kerlouan in Brittany in France, on Dec. 5 2025.

Saudi Arabia deepens footprint in Syria with four new oil and gas deals

An employee works at the Rmailan oil field in the northeastern Syria, near the border with Turkey, on Jan. 8, 2025.

Saudi Arabia and Qatar ink high-speed rail deal advancing Gulf integration

People walk on the platform of the Haramain High Speed Rail Network at the airport station in the Red Sea city of Jeddah, on Dec. 12, 2019.

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

Sebastian Castelier

In Dubai, reporting on regional business

Jennifer Gnana

Gulf Correspondent

In Dubai, reporting on Gulf energy policy and politics

Qatar's Finance Minister Ali bin Ahmed Al Kuwari (L) listens as his Saudi counterpart Mohammed Al-Jadaan speaks during a session at the Qatar Economic Forum in Doha on May 14, 2024.

Saudi Arabia 'conservative' on oil revenue as it pares back Vision 2030 plans

Mohammed Al-Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices.

The cargo ship Inter Sydney, flying under the flag of Saint Vincent and the Grenadines, sails through the Shahid Beheshti Port in the southeastern Iranian coastal city of Chabahar, on the Gulf of Oman, during an inauguration ceremony of new equipment and infrastructure on Feb. 25, 2019.

How Iran could benefit from Chabahar Port deal with India

India has been reluctant to move ahead with its plans for Chabahar due to US sanctions, despite an exemption.

Turkish Treasury and Finance Minister Mehmet Simsek (L) speak with Turkish Foreign Minister Hakan Fidan (R) before the press conference following the cabinet meeting held at the Presidential Complex in Ankara on August 21, 2023. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

What does Turkey's three-year austerity plan to curb inflation entail?

The plan is to increase the efficiency of the public sector through cost-cutting measures such as a ban on buying new vehicles for civil servants.

An Emirates Airlines plane lands at Dubai International Airport in Dubai on October 17, 2023. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Emirates airline reports record $4.7B profit as Gulf competition heats up

The Dubai-based airline has posted strong performance figures in recent months.

United Arab Emirates

Cars drive along a street in front of high-rise buildings in Dubai, on February 18, 2023. - Home to towering skyscrapers and ultra-luxury villas, Dubai saw record real estate transactions in 2022, largely due to an influx of wealthy investors, especially from Russia. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Dubai’s real estate boom keeps rolling, emboldening investors despite risks

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Lebanon's Prime Minister Najib Mikati welcomes European Commission President Ursula von der Leyen at the Grand Serail government headquarters in Beirut on May 2, 2024. During the visit, EU chief Ursula von der Leyen announced $1 billion in aid for Lebanon as the east Mediterranean country struggles with an economic meltdown exacerbated by a migrant crisis and the threat of war with Israel. (Photo by JOSEPH EID / AFP) (Photo by JOSEPH EID/AFP via Getty Images)

Analysis

Fears mount EU's $1.1B migration aid to Lebanon will feed political corruption

Officials and experts who spoke to Al-Monitor highlighted the Lebanese government's history of misusing international aid meant to help the economy and address the country's migration crisis.

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

Turkey ExxonMobil

Turkey’s BOTAS signs $1.1B long-term LNG deal with ExxonMobil

Turkey and ExxonMobil have signed a major liquified natural gas deal as Ankara looks to diversify its energy sources.

Elbit Systems

Israel's Elbit clinches $53M deal to sell mortar systems to Europe

Between 2019 and 2023, Israeli weapons constituted 2.4% of the global market, massively reshaped by Russia's invasion of Ukraine and increased imports by European countries.

A picture taken on January 23, 2022, shows the skyline of the Emirate of Dubai with Burj Al Arab (C) and Burj Khalifa (background-L). (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires

The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report.

United Arab Emirates

Supporters of Islami Jamiat-e-Talaba (IJT), a student wing of Pakistan's Jamaat-e-Islami (JI) party stage a pro-Palestinian protest outside a Kentucky Fried Chicken (KFC) restaurant calling for boycott of Israeli products on the outskirts of Islamabad on May 7, 2024, amid the ongoing war between Israel and the militant Hamas group in the Gaza Strip. (Photo by Farooq NAEEM / AFP) (Photo by FAROOQ NAEEM/AFP via Getty Images)

KFC, Pizza Hut profit in Middle East cut by half amid Gaza war boycotts

Americana Restaurants said the decline was due to the “ongoing geopolitical tensions” in the Middle East and the effect of the Ramadan period.

This photograph taken on January 12, 2024, shows an oil refinery in the desert between Shubaytah and Shubaytah, of the Dakar rally 2024, in Saudi Arabia, on January 12, 2024. (Photo by PATRICK HERTZOG / AFP) (Photo by PATRICK HERTZOG/AFP via Getty Images)

What's behind Saudi Arabia's increase in crude oil prices for Asian market?

The kingdom wants to restrain oil production to keep demand up, but the increase in prices to Asian customers is more related to refining values, says one expert.

An aerial view shows the Central Business District (Ruwi) in the Omani capital Muscat on April 9, 2021. (Photo by Haitham AL-SHUKAIRI / AFP) (Photo by HAITHAM AL-SHUKAIRI/AFP via Getty Images)

Sovereign fund-led economy: Oman takes a page from Saudi Arabia

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business