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Economy & Business

A ship sails along Egypt's Suez Canal near Ismailia, April 16, 2025.

Maersk resumes Red Sea passage after two-year halt amid easing Houthi threat

A ceasefire reached between Israel and Hamas in October has prompted some shipping companies to consider resuming services, but security concerns persist.

Solar panels in a Sinai desert, Egypt.

Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint

Gulf companies have been increasing their investments in North African renewable energy.

CASABLANCA, MOROCCO - AUGUST 20: In this handout image from Populous, digital renderings of the proposed Stade Hassan II stadium in Morocco, projected to be the largest football stadium in the world with 115,000 capacity are depicted on August 20, 2024 in Casablanca, Morocco. The stadium design is by Populous and Oulalou + Choi (Photo by Populous via Handout/Getty Images)

Morocco’s markets rise as World Cup spending fuels largest IPO in decades

Shares in SGTM jumped by 10% on Dec. 16 after the construction firm raised roughly $550 million from its IPO, underscoring demand in a market that has featured few new listings in recent years.

Latest News

India’s Modi eyes closer ties with Jordan, Oman during visits

His Royal Highness Crown Prince Al-Hussein bin Abdullah II (R) meets with Indian Prime Minister Narendra Modi in Jordan, on Dec. 16, 2025.

Egypt secures Qatari investment boost, launches first SCZONE industrial deal

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)

Analysis

Yemen’s oil heartland fuels new conflict as STC seeks new political power

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

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Turkey, US push toward $100B trade goal as Bolat heads to Washington

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)

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

In this handout image supplied by COP28, Luiz Inácio Lula da Silva (L3), President of the Federative Republic of Brazil and Marina Silva (L2), Minister of the Environment, Joko Widodo (R2), President of the Republic of Indonesia, H.E Razan Al Mubarak (R1), President of the International Union for Conservation of Nature and Climate Change of Brazil and His Excellency Dr. Sultan Al Jaber (R3), COP28 President during the Nature Season at Al Waha Theatre during day two of the high-level segment of the UNFCCC CO

After US, India, UAE, World Economic Forum expects Brazil to enter green coalition

India, the UAE and the United States are part of the First Movers Coalition, a green alliance that Rob van Riet, senior adviser at the WEF's Center for Nature and Climate, told Al-Monitor he hoped Brazil will be the next to join.

United Arab Emirates

The Burj Khalifa (C) stands surrounded by other skyscrapers in Dubai, United Arab Emirates, Nov. 29, 2020.

Kuwait, Qatar, UAE telecoms merge assets into $2.2B tower company

Three Gulf companies will create a new entity, which has not yet been publicly named, combining around 30,000 tower assets in Algeria, Iraq, Jordan, Kuwait, Qatar and Tunisia.

An Israeli flag reading "together we win" is reflected in a bus passing in front of a demonstration held by Israeli left-wing activists near the Ministry of Defence in Tel Aviv on December 5, 2023, calling for a ceasefire and exchange of hostages amid ongoing battles between Israel and Hamas. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)

Explainer: Did investors profit from Hamas attack on Israel?

The Tel Aviv Stock Exchange said there was no irregular trading after US researchers noted an increase in short volume and interest of some Israeli securities in the days leading up to Hamas’ deadly incursion.

ADEM ALTAN/AFP via Getty Images

What is behind Turkey’s inflation spike to 61.9% in November?

November's consumer prices also rose by 3.28%, data released by the Turkish Statistical Institute showed on Monday.

DUBAI, UNITED ARAB EMIRATES - NOVEMBER 29: A banner hangs in a venue at the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. The COP28 is bringing together stakeholders, including international heads of state and other leaders, scientists, environmentalists, indigenous peoples representatives, activists and others to discuss and agree on the implementation of global measures towards mitigating the effects of climate change. (Photo by Se

Why COP28 will likely end in compromise on phasing down some fossil fuels

Karim Elgendy

In Woking, reporting on regional politics

Iraq drought

How are climate change, water scarcity weighing on Iraq’s agriculture?

The Norwegian Refugee Council said farmers are being hurt economically by climate change, and suggested better irrigation techniques and water monitoring technology to improve the sector.

IMF

IMF chief urges governments to increase carbon prices, reduce fossil fuel subsidies

Kristalina Georgieva was addressing an audience of business leaders and philanthropists at the COP28 climate summit in Dubai.

United Arab Emirates

Police Officers stand in front of the Hofburg Palace, the venue of the 8th OPEC International Seminar, in Vienna, Austria, on July 5, 2023.

Breaking | Last Updated: November 30, 2023, 3:51 pm

Brazil to join OPEC+ as Saudi-led bloc agrees to oil cuts

Saudi Arabia, which leads the alliance of oil producers, has been instituting voluntary production cuts in an effort to keep prices up.

Chinese flag

UAE-China ink multibillion-dollar deals as ties grow

The United Arab Emirates and China are major trade partners and have strengthened cooperation in both finance and energy in recent months.

Expo 2020

What does Saudi Arabia hosting of Expo 2030 mean for its economy?

Winning the rights to host the world fair follows news that the kingdom will likely host the 2034 FIFA World Cup, among several other major events.

COP28

Interview

IEA calls COP28 'big opportunity' to slash methane emissions

In an interview with Al-Monitor, the International Energy Agency's chief energy economist, Tim Gould, said the climate summit should focus on methane as well as climate finance for the developing world.

Tim Gould

Tim Gould

Chief Energy Economist of the International Energy Agency

In this picture taken on April 2, 2023, a vendor arranges dates at his shop in Rabat, during the Muslim holy fasting month of Ramadan. (Photo by FADEL SENNA / AFP) (Photo by FADEL SENNA/AFP via Getty Images)

Unemployment will be true test of Morocco's government policies

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business