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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

Leviathan gas field

Negotiations likely to start over in Israel-Cyprus gas field dispute

Israel’s Energy Minister Karine Elharar is reexamining the Israel-Cyprus dispute over the gas field on their maritime border.

An Egyptian woman casts her vote at a polling station, Cairo, Egypt, Nov. 9, 2005.

Egypt empowers disabled with entrepreneurship incubator

Egypt will establish a new incubator to help entrepreneurs with disabilities turn their projects into viable businesses, as the Arab country aspires to turn this segment of society into a driving force of economic growth.

Bitcoin

Jordanians turn to cryptocurrency despite ban

Despite the risk in the cryptocurrency trading market, it remains largely unregulated in Jordan, where thousands have invested amid lack of job opportunities.

Yemen currency

Divergent currency values make life even harder in Yemen

Yemenis continue to bear the brunt of the war, including a devastated economy and banknotes that may have no value depending on which part of the country they visit.

A general view taken on Dec. 20, 2019 shows the skyline of the Qatari capital Doha.

Doha Bank releases 2021 profits

The Qatari bank reported a slight increase in profits compared to 2020, though it experienced a loss in its amount of total assets.

AL-MONITOR Staff

By AL-MONITOR Staff

Passengers from Iran arrive to Najaf airport after it reopened on July 16, 2018.

Iraq receives 145% more foreign visitors in 2021

Iraq waived the visa requirements for citizens of many economically powerful countries last year in a bid to attract tourists and businesspeople.

Turkey electricity

Popular anger simmers in Turkey over ballooning electricity bills

Electricity bills have doubled and even tripled in Turkey after massive price hikes, fueling frustration with Erdogan’s economic management.

Turkey protest

Turkish unemployment down at end of 2021

Turkey is in the midst of an economic crisis, marked by historically high inflation. The government has misled the public with its unemployment figures in the past.

AL-MONITOR Staff

By AL-MONITOR Staff

Egypt gas plant

Egypt plans to export gas to Lebanon by end of February

While Egypt stresses that the route is open for gas exports to Lebanon, two prominent members of the US Congress have called on the Biden administration to reconsider its support for the energy deal between Egypt, Jordan, Syria and Lebanon.

Dubai expo

Saudi Arabia building support for Expo 2030 bid

The kingdom wants to host the international cultural forum, which is currently being held in Dubai.

Palestinian school teacher Jihad Abu Sharar gives lessons online from her home, after a decision by the minister of education to close schools and kindergartens following a surge in coronavirus cases, Dura village, the West Bank, Feb. 3, 2022.

World Bank report notes improvement Palestinian digital economy

The DC-based institution’s report also said that Israeli restrictions and the Palestinian legal framework are impeding further development in the West Bank and Gaza Strip.

Egypt financial

First Abu Dhabi Bank seeks to buy Egyptian financial firm EFG Hermes

Merger and acquisition activity rose dramatically in Egypt in 2021.

AL-MONITOR Staff

By AL-MONITOR Staff