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Economy & Business

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China’s overland trade routes offer Iran wartime economic lifeline: What to know

Cargo rail traffic between China and Iran has reportedly surged since the US blockade began in April as Tehran seeks overland trade alternatives to help buy time.

In this picture obtained from Iran's ISNA news agency on May 4, 2026, the Iran-flagged tugboat Basim sails near a ship anchored in the Strait of Hormuz off Bandar Abbas in southern Iran.

What to know about Iran's 'Persian Gulf Strait Authority' to control Hormuz traffic

The establishment of an entity seeking to control maritime transportation in the Strait of Hormuz is the latest sign that Iran wants to formalize authority in the strategic waterway.

Egyptian Prime Minister Mostafa Madbouly speaks in Beirut on Dec. 19, 2025.

Egypt ramps up energy investments amid war-driven price pressures

Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years.

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Few ships pass Hormuz despite US efforts to break Iran's hold

Tankers are seen at the Khor Fakkan Container Terminal in the Sharjah Emirate, along the Strait of Hormuz on June 23, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Iran strikes UAE’s Fujairah oil hub as US pushes Hormuz reopening

Meysam MIRZADEH / TASNIM NEWS / AFP via Getty Images

United Arab Emirates

Analysis

MENA wheat importers face food security risks as Hormuz crisis festers

Crops of wheat and barley in Terbol village on May 10, 2022, in Bekaa Valley, Lebanon.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Oman enters Gulf AI race with new special economic zone in Muscat

Haitham AL-SHUKAIRI / AFP via 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

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Francisco Serrano

In Lisbon, reporting on North Africa business

A shipment of 155mm artillery shells used by the Israeli army is transported on a truck along a highway between the Jerusalem and Beersheba in southern Israel on October 14, 2023. (Photo by Yuri CORTEZ / AFP) (Photo by YURI CORTEZ/AFP via Getty Images)

Gaza war brings sharp rise in Israeli defense procurements

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

GIUSEPPE CACACE/AFP via Getty Images

Why has Saudi Arabia ordered Aramco to halt its plan to raise oil production?

The move may be simply a cost-cutting strategy, or it could be driven by a new, less optimistic outlook from the world's largest crude producer on future oil demand.

A seal on the exterior of the US Department of Treasury building, March 13, 2023.

Who are the Iranians sanctioned by US, UK for murder plots against dissidents?

One of the plots culminated in the 2019 assassination of Iranian government critic Mas’ud Vardanjani in Istanbul, according to a statement by the US Treasury Monday.

Tourists ride in a horse-drawn carriage near the art installation "Temple" by French artist Stephan Breuer and the Pyramid of Menkaure or Menkheres (front) and the Pyramd of Khafre or Chephren (behind) during the third edition of the "Forever is Now" art exhibition by Art d'Egypte at the Giza pyramids necropolis on October 28, 2023. (Photo by Khaled DESOUKI / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by

Analysis

Egypt's tourism boom offers respite from foreign currency woes, Gaza war

Egyptian tourism revenues and the number of holidaymakers visiting reached record highs in 2023 but will unlikely be enough to cure Cairo’s financial problems.

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

PORTLAND, OREGON - JANUARY 9: An Alaska Airlines Embraer aircraft is seen taking off at Portland International Airport on January 9, 2024 in Portland, Oregon. NTSB investigators are continuing their inspection on the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft following a midair fuselage blowout on Friday, January 5. None of the 171 passengers and six crew members were seriously injured. (Photo by Mathieu Lewis-Rolland/Getty Images)

Boeing crisis opens door for Airbus to win new Middle East deals

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Photo illustration of a selection of front pages from UK daily national newspaper coverage, London, Jan. 18, 2024.

Analysis

UAE-backed fund's planned Telegraph takeover raises press freedom fears

Members of parliament and former state security figures have raised concerns about what it would mean for an entity with close ties to a foreign government to own one of the United Kingdom’s most influential newspapers.

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

KHALED DESOUKI/AFP via Getty Images

Egypt to give Cairo's historic downtown major facelift

The project is part of a wider plan to develop Cairo’s downtown area to boost tourism and the economy.

Turkey inflation 1

Turkey’s Central Bank raises interest rates to 45%

A pause in hikes will follow, ahead of upcoming local elections in March, when Turkish President Recep Tayyip Erdogan is looking to regain control of key cities.

GAVRIIL GRIGOROV/AFP via Getty Images

What does Sisi-Putin latest nuclear plant deal mean for Egypt, Russia?

Egypt is hoping nuclear energy will help meet its substantial power needs as Russia eyes a greater nuclear foothold in the region.

Lebanese bartender Hadi Ghassan prepares a drink behind the counter at "Meraki Riyadh", a pop-up bar offering non-alcoholic bellinis and spritzes, served in chilled cocktail glasses, in Riyadh on January 23, 2024. The bar's success highlights widening acceptance of more daring non-alcoholic fare even as booze itself remains strictly off-limits in the Gulf kingdom, home to Islam's holiest sites. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What does Saudi's first-ever alcohol store say about new Gulf culture?

Alcohol-free 'mocktails' are also becoming increasingly popular across the region.

A picture taken on April 14, 2015 shows a view of a plant processing phosphates in the port of the Tunisian southern city of Sfax. / AFP / FETHI BELAID (Photo credit should read FETHI BELAID/AFP via Getty Images)

Tunisia’s phosphate industry still not ready to help country navigate economic crisis

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

A ship transits the Suez Canal toward the Red Sea on Jan. 10, 2024, in Ismailia, Egypt.

Red Sea trade hit can be 'managed' amid weak global demand, says WEF

Maroun Kairouz, director of the World Economic Forum for the Middle East and North Africa, told Al-Monitor that the Israel-Hamas conflict has not had a material impact on global energy markets so far.