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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 jewelry shop employee displays 24-carat gold bars in Ahmedabad, August 20, 2011.

Oil, gold climb amid Israeli-Hamas war, tighter Russian sanctions

One analyst predicts gold could reach $4,000 per ounce by year-end amid uncertainty caused by the Middle East conflict.

Ben Gurion Airport

Full list of airlines that have suspended Israel flights after Hamas attacks

Israel’s main international airport has remained open despite the conflict, and most Israeli airlines are still operating.

Gaza Strip

EU's backpedaling on Palestinian aid exposes fissures on foreign policy

An EU Commission spokesperson said at a Brussels briefing on Tuesday that earlier comments by a senior EU official were not endorsed by the top leadership of the 27-state bloc.

first tests of Alstom's Coradia iLint Hydrogen train between Reignac-sur-Indre and Loches, central France.

Saudi Arabia set to begin Middle East’s first hydrogen train trials

Saudi Arabian Railways, in partnership with French manufacturer Alstom, will begin to operate the world’s first hydrogen-powered passenger train in Riyadh later this month.

Gaza

Israel-Gaza war: Oil prices spike, Israel begins sell-off to support shekel

Israel's currency tumbled to its lowest level against the dollar since 2016 and the central bank is selling foreign reserves to prop up its value.

KHALED DESOUKI/AFP via Getty Images

Analysis

Can UAE's currency swap offer Egypt's spiraling economy some respite?

The arrangement is expected to relieve some pressure on Cairo’s foreign currency reserves, secure FX liquidity and bring stability to the exchange rate with Abu Dhabi.

AL-MONITOR Staff

By AL-MONITOR Staff

alfalfa

Explainer: What is behind the Arizona-Saudi groundwater controversy?

The US state canceled the lease for one of Saudi dairy giant Almarai’s subsidiaries, saying it has been improperly pumping groundwater out of the desert.

A vendor selling watermelons steers his horse-drawn cart along a street in Cairo on October 2, 2023. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Egypt’s economy teeters following Moody's downgrade

Egypt is suffering from high inflation, foreign currency shortages and an IMF-supported currency devaluation as President Abdel Fattah al-Sisi seeks reelection.

A bird flies past a boat sailing along Dubai creek in the Gulf emirate on May 2, 2021 while the Burj Khalifa skyscraper is seen in the background. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

20% rise in Middle East late-stage venture capital funding despite global decline

Startups in the Middle East and North Africa have so far in 2023 reported a 20% year-on-year growth, new data shows, while global funding activity of this type has seen a 49% decline from 2022.

Sustainable fuel

UAE’s Masdar signs sustainable aviation fuel deal with Boeing

Several Gulf entities are investing in the bio-based alternative jet fuel, though its development faces several challenges and is not ready for mass use.

The Pioneering Spirit vessel, which will carry out construction of the offshore section of the Turkish Stream natural gas pipeline, passes the Yavuz Sultan Selim Brigde on the Bosporus, Istanbul, Turkey, May 31, 2017.

Abu Dhabi’s ADQ in talks with Turkey to build railway for trade corridor

Amid increasing cooperation between the two countries, an alternative trade corridor is planned linking Europe, the Middle East and Asia.

Dubai marina

Middle East economic growth to fall sharply in 2023, World Bank says

The Middle East and North Africa’s gross domestic product is expected to plummet to 1.9% in 2023 from 6% in 2022.