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Economy & Business

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.

Latest News

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

Rough diamonds for sale at Koin International in Dubai, June 3, 2021, in Dubai, United Arab Emirates.

Israeli diamond exchange opens office in Dubai

The Israeli and Emirati diamond sectors pledged to do business together following the signing of the Abraham Accords.

AL-MONITOR Staff

By AL-MONITOR Staff

Israel Morocco

Analysis

Israel hopes to triple trade with Morocco

Israel and Morocco have signed a trade and investment cooperation agreement, with Israel aspiring to enlarge its annual trade volume with Morocco from $131 million to $500 million.

Rina Bassist

By Rina Bassist

In Paris, reporting on Israeli politics and European affairs

(L to R) Mohamed Hamel, Secretary-General of the Gas Exporting Countries Forum (GECF) summit, Qatar's Energy Minister Saad Sherida al-Kaabi, and Egypt's Minister of Petroleum and Mineral Resources Tarek el-Molla give a joint press conference during the GECF summit in Qatar's capital Doha on Feb. 22, 2022.

Demand for natural gas up more than 20% in past decade

The Gas Exporting Countries Forum is convening in Qatar amid the conflict between Russia and Ukraine, which could have a major effect on Europe’s energy supply.

KRG Prime Minister Barham Salih speaks at a Kurdistan-Iraq Oil and Gas Forum in Erbil, Nov. 13, 2011.

Erdogan not giving up on gas from Iraqi Kurdistan

Erdogan appears bent on advancing energy deals with Iraqi Kurdistan, even as a gas project remains bogged down by legal, technical and financial snags.

Cargo ships are moored along a dock at the port of Haifa, Israel, June 24, 2021.

Analysis

Turkish company disqualified from tender to operate Israel’s Haifa port

Israeli intelligence agencies fear that a French-Lebanese company, associated with Turkish company Yilport, which is interested in operating the Haifa port, could be affiliated with Hezbollah.

Danny Zaken

In Ma'ale HaHamisha, reporting on Israel

Lebanese anti-government protesters take part in a candlelight vigil outside the headquarters of Lebanon Electricity company in Beirut on Nov. 11, 2019.

Lebanese wary of rise of customs duties amid economic crisis

The cash-strapped Lebanese government has approved a draft budget law for 2022 that hikes the customs dollar and imposes new duties, as the country battles a severe economic crisis.

Gaza women

Bleak economy pushes Gazan women toward domestic work

The difficult economic conditions in Gaza have prompted women to resort to domestic work, a profession fraught with challenges as they live in a very conservative society.

Turkcell

Fitch downgrades several Turkish companies

The leading rating agency previously downgraded Turkey on its debt scale due to high inflation in the country.

AL-MONITOR Staff

By AL-MONITOR Staff

Dubai expo

UAE explores economic cooperation with Cuba

The Abu Dhabi and the Cuban chambers of commerce met at the Expo 2020 Dubai event, and a Cuban minister visited an Emirati renewable energy company.

United Arab Emirates

Oman power

Gulf states plan to phase out below-cost electricity for their citizens

Subsidy reform is at the crux of state-led pushes to instill a change in thinking among citizens and a powerful tool to raise environmental awareness.

Serbia expo 2020

Emirati cloud firm G42 signs agreement with Serbia

The memorandum was signed at the Expo 2020 forum in Dubai.

United Arab Emirates

Turkey economy

Turkey's economy to be hit hard by Fed's expected interest rate hikes

Expected interest rate hikes by the US Federal Reserve to rein in inflation will deal further blows to Turkey’s economic turmoil.