Economy & Business - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

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Economy & Business

The symbols of bitcoin and the stablecoin Tether (USDT) are displayed at a cryptocurrency store in Hong Kong on July 29, 2025.

Interview

Saudi Arabia eyes state-backed stablecoin amid digital finance push

Tokenization in Saudi Arabia has rapidly evolved from concept to early-stage execution since the early 2020s.

An oil refinery in the northern Libyan town of Ras Lanuf, June 3, 2020.

Analysis

Iran oil shock jolts Libya’s fortunes, but old fault lines complicate national recovery

Soaring energy prices due to the Iran war are delivering a windfall to Libya just as the country's oil and gas sectors show signs of resurgence.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Win McNamee/Getty Images

Explainer

Trump team floats $300B Iran fund after rejecting Tehran’s past business pitch

Amid negotiations to end the war, an eye-catching new proposal from the Trump administration echoes past attempts to use business deals to avert new regional hostilities.

Mario Tama/Getty Images

Container rates climb as logistic firms scale up Hormuz alternatives

The Drewry World Container Index measuring container shipping prices has soared by more than 40% since the start of the US-Israel-Iran war.

United Arab Emirates

Latest News

Explainer

From China to Qatar: Where Iran’s frozen assets are held

Iran's Parliament Speaker Mohammad Bagher Ghalibaf speaks during an election campaign rally ahead of the presidential vote in Tehran on June 15, 2024.

Oil tumbles as Iran signals Hormuz could open within 30 days

Vessels are anchored off the coast of Sharjah in the United Arab Emirates on May 21, 2026.

Gulf celebrates Eid al-Adha under shadow of war

Muslim worshippers walk along the Grand Mosque complex in the holy city of Mecca on May 22, 2026, ahead of the annual Hajj pilgrimage.

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

This aerial photograph taken on April 26, 2023 shows the construction of the Russian-built Akkuyu Nuclear Power Plant in Mersin Province. - Turkey's President Recep Tayyip Erdogan will try to offset his absence from the campaign trail weeks before crucial elections by unveiling the nuclear plant by video link. (Photo by OZAN KOSE / AFP) (Photo by OZAN KOSE/AFP via Getty Images)

Explainer

UAE nuclear plant strike clouds Gulf's atomic ambitions: What to know

The US-Israel-Iran war is complicating momentum in the Middle East for civilian nuclear power, which heading into 2026 had been growing in Saudi Arabia, Turkey and elsewhere.

United Arab Emirates

Philippe LOPEZ / AFP via Getty Images

Analysis

As Gulf crisis reshapes energy markets, experts warn of new normal

With the US-Israel-Iran war producing a historic supply shock, Al-Monitor hosted a panel of experts to explore how the conflict has ushered in a new era for global energy markets.

Ritesh Shukla/Getty Images

Oil swings as UAE nuclear plant strike, Iran diplomacy push roil markets

International benchmark Brent crude futures whipsawed on Monday as markets digested a dangerous new escalation alongside signs of diplomatic progress.

Syrian President Ahmed al-Sharaa arrives to attend the second day of the first Syrian-Emirati (United Arab Emirates) Investment Forum, at the People's Palace in Damascus on May 12, 2026. (Photo by LOUAI BESHARA / AFP via Getty Images)

Analysis

Ports and infrastructure: UAE embraces new economic order in Syria

UAE-Syrian ties have moved faster than expected, with Abu Dhabi embracing President Ahmad al-Sharaa and relations shifting from normalization to investment opportunities.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Prime Minister Narendra Modi visited Abu Dhabi on May 15, 2026, and was warmly received by the UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan at the airport. The PM is shown being accorded a Guard of Honor upon his arrival.

UAE unveils $5B India investment push during Modi visit: What to know

India and the UAE signed deals related to energy supplies and maritime security, further strengthening ties amid the war in the region.

United Arab Emirates

A Syrian citizen exchanges old banknotes for new notes released and distributed by the central bank, at a bank in the capital, Damascus, on Jan. 3, 2026.

Interview

UK fintech brings foreign currency accounts to Syrians at home

The launch comes as Syria’s new government attempts to stabilize the country’s shattered economy following the January 2025 rise to power of President Ahmed al-Sharaa after the ouster of former President Bashar al-Assad.

Jag Vasant, an Indian-flagged tanker carrying liquefied petroleum gas (LPG) that transited through the Strait of Hormuz amid the Middle East war, remains docked at an offloading terminal along the coast in Mumbai on April 1, 2026.

Uptick in Chinese tankers transiting Hormuz amid Trump-Xi summit

President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday, a meeting closely watched in Iran.

United Arab Emirates

Pictured in this undated image is the Al-Thawra oil field in Raqqa governorate, as rehabilitation works continue to restore production capacity.

Syria restores Raqqa oil field in former ISIS stronghold: What to know

Before Syria's civil war erupted in 2011, national oil production stood at between 400,000 and 500,00 barrels per day before falling to under 100,000 bpd during the conflict.

Guests stand at the Aramco booth during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi on Nov. 3, 2025.

Aramco profits jump 26% as Hormuz disruption chokes supply

Aramco CEO Amin Nasser said the market has already lost around 1 billion barrels of oil supply since the US-Israel-Iran war erupted on Feb. 28.

In Bristol, reporting on regional business, climate change, AI, tech

Kaja Kallas

EU restores economic pact to pursue fuller trade ties with Syria

The move marks a major economic step for Syria's recovery after its 13-year civil war and the fall of the Assad regime.

CN-STR / AFP via Getty Images

China’s overland trade routes offer Iran wartime economic lifeline: What to know

Cargo rail traffic between China and Iran has reportedly surged since the US blockade began in April as Tehran seeks overland trade alternatives to help buy time.