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Misr

US Treasury targets Egyptian bank's UAE branches over Iran dealings

The Treasury Department said Banque Misr's UAE branches had processed over $1 billion for Iranian shadow banking networks.

Elizabeth Hagedorn

By Elizabeth Hagedorn

In Washington, DC, reporting on diplomacy, regional politics, human rights

Ali Saeedi/Getty Images

Oil prices fall after Iran steps up truce efforts, US says Hormuz mines cleared

Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said in an interview on Thursday that Iran was preparing a list of conditions for reopening the Strait of Hormuz.

UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi (L) and Lebanese Economy Minister Amr al-Bisat after signing a memorandum of understanding, Beirut, Aug. 27, 2026.

Lebanon, UAE ink deals, deepen economic ties on Emirati Beirut visit

An Emirati business delegation signed the agreements in Beirut and met with President Joseph Aoun, indicating the UAE's interest in deepening economic ties with Lebanon.

cards

Sharaa taps Visa as Syria reconnects to global finance: What to know

Visa and Mastercard announced Wednesday that their networks can now be used to make international card payments in Syria.

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Eni presses ahead with Egypt gas projects as war raises investment risks

gas station in Cairo, Egypt

Syrian Airlines expands Europe comeback with Vienna, Copenhagen flights

A Syrian Air passenger jet lands at Aleppo airport on March 18, 2025, the first aircraft to land after it was shut during the offensive that toppled former President Bashar al-Assad.

China warns US not to interfere with Iran trade: What to know

BAY ISMOYO / AFP via Getty Images

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

US President Joe Biden announces a ban on US imports of Russian oil and gas, March 8, 2022.

Oil price dips as UAE endorses increased production

Global oil prices have skyrocketed due to the Russian invasion of Ukraine.

United Arab Emirates

Guests attend the Global AI 2020 (Artificial Intelligence) Summit.

Saudi-US business forum to focus on defense, artificial intelligence

Saudi Arabia is looking to diversify its economy, but some in the United States want less cooperation with the Gulf state due to human rights concerns.

AL-MONITOR Staff

By AL-MONITOR Staff

Turkey gas pipeline

Can Turkey benefit from Europe’s quest to reduce Russian gas?

Europe’s efforts to phase down gas imports from Russia might place Turkey at the center of routes for alternative supplies from Azerbaijan and Israel.

Turkey drilling

Fourth offshore drilling ship for Turkey en route from South Korea

The advanced vessel will join Turkey’s three others in conducting energy exploration in the Mediterranean and Black seas.

MOHAMED EL-SHAHED/AFP via Getty Images

Egypt to have eight months of wheat reserves, says minister

The Russian invasion of Ukraine is threatening wheat supplies across the Middle East.

AL-MONITOR Staff

By AL-MONITOR Staff

The prices for gas and diesel fuel.

Saudi, Emirati oil prices reach record highs

The Russian invasion of Ukraine has led to historically high oil prices.

AL-MONITOR Staff

By AL-MONITOR Staff

Turkish Presidential Press Office

How Ukraine crisis undermines Turkey's economic program

Ankara’s economic program has hit a deadlock under the impact of Russia’s invasion of Ukraine, marked by a stream of fuel hikes, canceled tourism bookings and textile orders, and shortage fears in the food sector.

ADEM ALTAN/AFP via Getty Images

Turks rush to buy sunflower oil as Ukraine war menaces food prices

Despite official assurances over supplies of basic items, a holdup of imports from Russia and Ukraine has already sparked panic buying of sunflower oil.

BlackRock

UAE partners with US investing firm BlackRock

The New York-based BlackRock signed a memorandum of understanding with UAE's global investment platform Investopia.

United Arab Emirates

Employees install new solar panels at the Kalyon Energy's Karapinar Solar Power Plant, Karapinar, Turkey, Dec. 2, 2021.

Turkey balks at coal phaseout amid growing energy woes

Turkey’s pledge to reach net zero carbon emissions by 2053 has come into question after a major climate meeting ended without a coal phaseout plan.

A Syrian refugee child sells flowers in the street in the northern Lebanese city of Tripoli.

Children's education at risk in Lebanon due to economic crisis

More than 700,000 kids are at risk of never returning to a classroom due to rising poverty, while thousands have dropped out of school to engage in child labor or get married.

FAYEZ NURELDINE/AFP via Getty Images

Oil prices, Saudi Aramco shares soar as Ukraine fighting continues

Saudi Arabia, Russia and other major oil producers have so far declined to increase production despite pleas from the United States.