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Economy & Business

France's President Emmanuel Macron and Saudi Arabia's Crown Prince Mohammed bin Salman shake hands

France, Saudi Arabia announce more than $10B in deals on MBS visit

Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris.

Leon Neal/Getty Images

Oil falls 1.8% as traders await 'toughest' sanctions on Iran

Traders are awaiting details about new US measures sure to further disrupt Iranian oil flows.

Khor Fakkan Container Terminal

Analysis

UAE-Iran trade relationship becomes key test of Trump’s wartime strategy

The Gulf state suspended trade with Iran after new attacks in August. Experts point to risks for both sides as the Trump administration seeks to squeeze Tehran economically.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

Latest News

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

AHMAD AL-RUBAYE / AFP via Getty Images

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

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

UAE solar farm

Gulf states chart own investment course in climate finance

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

Egypt's Foreign Minister Sameh Shoukry (R) speaks as UN Secretary-General Antonio Guterres listens at a press conference during the COP27 climate conference, Sharm el-Sheikh, Egypt, Nov. 17, 2022.

Egypt reaps economic, political gains from COP27

Egypt has achieved several major deals as well as boosted its foreign policy by hosting COP27.

An Etihad Airways Boeing 787-9 "Dreamliner" aircraft lands at Israel's Ben Gurion Airport near Tel Aviv, on Oct. 20, 2020.

Etihad launches initiative on sustainable aviation fuel to decarbonize flights

Sustainable aviation fuel, which is sourced from biological materials, has great carbon reduction potential. However, airlines' reluctance to spend more on fuel is hampering its development, according to some observers.

Saudi Crown Prince Mohammed bin Salman (L) speaks with South Korean President Moon Jae-In (not pictured) during a meeting at the Presidential Blue House, Seoul, South Korea, June 26, 2019.

Saudi Aramco makes $7 billion investment in South Korea during crown prince’s visit

Saudi Crown Prince Mohammed bin Salman is seeking to boost energy, defense and investment cooperation with Seoul during his trip.

YASIN AKGUL/AFP via Getty Images

Turkish exporters, tourism sector cut prices

Amid the dramatic slump of the lira, Turkish exporters have sold goods at lower prices, while the country’s imports, chief among them energy, have grown more expensive, official data show.

Carbon market

Egypt launches Africa’s first carbon credit market

Access to development financing solutions is being boosted through a new platform that will help the African private sector to lower its carbon emissions.

Israel housing

Israeli housing prices expected to continue to rise

Short supply of new units and high demand will outweigh increases in interest rates, most observers say.

Binance CEO Changpeng Zhao sits on the main stage at Abu Dhabi Finance Week (ADFW) in an interview with Mike Novogratz, the CEO of Galaxy Digital Holdings.

The Business & Tech Briefing: Binance CEO takes heat at Abu Dhabi event after FTX fall

In this weekly newsletter, Greg Cohen rounds up the biggest business and technology stories from the region.

AL-MONITOR Staff

By AL-MONITOR Staff

A woman takes a photo of a display at the Sharm el-Sheikh International Convention Center during the COP27 climate conference, Sharm el-Sheikh, Egypt, Nov. 15, 2022.

Middle East startups rise to challenges of climate change

With COP27 underway in Egypt, climate adaptation startups in the Middle East and North Africa work to create new platforms in the face of the urgent action required to combat climate change.

A Moroccan farmer walks past solar panels that are connected to a generator which feeds a pump extracting water from underground in Tafoughalt, a little village deep in the mountains of Morocco's eastern Berkane province, on October 31, 2016. As the Cop22 gets underway in Marrakesh, negotiators are thrashing out the details of a landmark global agreement designed to stave off disastrous climate change, but in Tafoughalt that impact is being felt already. Rising temperatures are among the factors making the

New PRO memo: Morocco’s transition to renewable energies to accelerate amid high hydrocarbons prices

Morocco is on track to have renewable sources account for more electricity generation than fossil fuels by 2025.

A Moroccan farmer walks past solar panels that are connected to a generator which feeds a pump extracting water from underground in Tafoughalt, a little village deep in the mountains of Morocco's eastern Berkane province, on October 31, 2016. As the Cop22 gets underway in Marrakesh, negotiators are thrashing out the details of a landmark global agreement designed to stave off disastrous climate change, but in Tafoughalt that impact is being felt already. Rising temperatures are among the factors making the

Morocco’s transition to renewable energies to accelerate amid high hydrocarbons prices

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

His Excellency Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, today signed a memorandum of understanding in Guinea Conakry with His Excellency Moussa Cissé.

Saudi Arabia continues inroads into Africa with Guinea water project

The Saudi Fund for Development’s grant to the West African country will also utilize solar power technology.