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Economy & Business

Fuel prices are displayed at a petrol station in Rabat

Explainer

Russian diesel heads to Morocco as supply crunch grips global markets

Gulf countries and Russia together accounted for almost 45% of global seaborne diesel and gasoil trade before the Iran war.

An attendee walks past signage displayed inside the venue for the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP via Getty Images)

Syria to rejoin Arab group at IMF, leaving Russian-led constituency

Syria will rejoin the Arab constituency at the International Monetary Fund beginning Nov. 1 and has applied for membership in the EBRD.

Russia's Ekaterina Alexandrova returns the ball to Kazakhstan's Elena Rybakina during their WTA Finals tennis tournament in Riyadh on November 5, 2025. (Photo by Fayez NURELDINE / AFP via Getty Images)

Explainer

From Six Kings Slam to FIFAe finals, Saudi Arabia's events derailed by war

Some of Saudi Arabia’s flagship events — across sectors including culture, entertainment and sports — have been canceled or postponed following deadly Houthi attacks over the weekend.

Flames burn at a facility belonging to Saudi oil giant Aramco south of Riyadh

Explainer

Aramco HQ attack exposes Saudi defense gaps, infrastructure vulnerabilities

The Iran-linked Yemeni militants struck at the heart of Saudi Arabia’s oil industry this week amid an expanding campaign against key infrastructure.

Latest News

Who is Abdulrahman Alfozan, Saudi national charged in bugging OpenAI meetings?

Abdulrahman Alfozan in an undated photo

Explainer

IMF projects Gulf rebound in 2027. Can energy production keep pace?

TOPSHOT - Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. (Photo by AFP via Getty Images) /

Jeddah airport flights disrupted as Houthis escalate threats

Men walk at a terminal at Saudi Arabia's King Abdulaziz International Airport in Jeddah on December 12, 2019. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Analysis

How Manchester City fallout tests Gulf’s global investment model

UAE President Sheikh Mohamed bin Zayed and Manchester City's Emirati owner and UAE Vice President Sheikh Mansour bin Zayed

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Syrian laborers work at a clothing workshop in Damascus on Feb. 2, 2016.

Syria and North Korea discuss repairing Syrian engineering and industrial sectors

Syrian industry has experienced substantial losses as a result of the war between government and rebel forces.

This picture taken on Jan. 13, 2022, shows a view of the Shubra al-Kheima natural gas electrical power station.

Saudi Arabia secures funding for electricity interconnection with Egypt

Egypt just approved a plan to ration electricity, though the government said there is not a shortage of power.

A general view of the Egyptian Stock Market in Cairo on Jan. 6, 2013.

Saudi Arabia’s Public Investment Fund acquires stakes in Egyptian state-owned firms

The acquisitions help make good on Saudi Arabia’s pledge to invest billions in Egypt.

Marwan Tahtah/Getty images

Iraq agrees to provide Lebanon with fuel for another year

Lebanon’s fuel crisis is showing no signs of letting up, but an exchange with Iraq is keeping one source flowing.

Turkey’s current account gap widens, with no respite in sight for the lira

The Turkish lira is likely to tumble further in the coming months as the country’s current account gap threatens to grow beyond $40 billion by the end of the year.

This picture taken on May 9, 2021 shows a view of the Dubai city skyline as seen from the Burj Khalifa, currently the world's tallest building at 828 metres. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Gulf states changing labor, visa and residency policies to attract foreign wealth, talent

Robert Mogielnicki

Robert Mogielnicki

oil pumpjacks

Oil prices fall to lowest since February

The price of oil is bouncing near levels around the time of the Russian invasion of Ukraine since Saudi Arabia, Russia and other major oil producers agreed to a small supply boost.

AL-MONITOR Staff

By AL-MONITOR Staff

Gaza food stalls

After Hamas sits out latest conflict, Israel expands Gaza economic relief

Now that its miltiary operation has ended, Israel is continuing and expanding measures that will help Gaza’s economy grow.

People walk past a currency exchange shop displaying a giant US dollar banknote in downtown Cairo on Nov. 3, 2016.

Here's how the latest US rate hike will impact Egypt's economy

A stronger US dollar will inevitably drive higher import costs, and subsequently prices, in the most populous Arab country, yet could eventually provide a boost to the local currency with an increase in exports.

The Turkey-flagged Abdulhamid Han.

Fourth Turkish drilling ship begins energy exploration in Mediterranean

Past Turkish energy exploration activities took place in waters claimed by Greece and Cyprus, leading to significant tensions.

REMKO DE WAAL/ANP/AFP via Getty Images

Egypt creates independent fund for Suez Canal

Egypt has established a new fund for the Suez Canal manage its own revenues independently.

Cutting-edge applications of Artificial Intelligence on display at the Artificial Intelligence Pavilion.

Egypt-China ties strengthen with recent deals

China is also getting closer to Saudi Arabia, Iran and other countries in the region, primarily through economic cooperation.