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Economy & Business

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

AHMAD AL-RUBAYE / AFP via Getty Images

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports.

Latest News

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Leon Neal/Getty Images

United Arab Emirates

Explainer

What US sanctions on Syria remain as Shibani, Barrack hold talks?

RAMI AL SAYED/AFP via Getty Images

UAE billionaire Habtoor takes aim at Ben Gvir’s Gaza rhetoric

A picture take on Sept. 13, 2017, shows Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, attending the World Premiere of La Perle in Dubai.

United Arab Emirates

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 general view shows the ADNOC Facility in Fujairah on November 28, 2023.

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.

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

Juergen Schmidhuber in an undated photo. @SchmidhuberAI

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

Juergen Schmidhuber

AI computer scientist

This picture shows a man monitoring the board at the Saudi Stock Exchange Market (Tadawul) bourse in Riyadh, on Dec. 12, 2019.

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.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

People exchange money at a currency exchange office on Aug. 13, 2018, in Istanbul, Turkey.

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."

Tabatha Fireman/Getty Images for Fender Musical Instruments Corporation

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.

GIUSEPPE CACACE/AFP via Getty Images

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

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