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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

The Chinese and the Saudi flags adorning a street in Riyadh ahead of the Chinese president's visit to the Saudi capital, Dec. 7, 2022.

Saudi PIF ups investment in China’s Alibaba-backed tech fund

eWTP Arabia Capital invests in energy and technology start-ups across the Middle East, North Africa and Asia.

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.

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