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Economy & Business

People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025.

Trump earns $810M from UAE-backed crypto firm: What to know

According to the disclosure, Trump earned $810 million from crypto token sales and sales of interests in UAE-backed World Liberty Financial.

United Arab Emirates

Omar Albaw / Middle East Images / AFP via Getty Images

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday.

AHMAD AL-RUBAYE / AFP via Getty Images

Here's what to know about Iraq's corruption as Zaidi launches crackdown

Watchdogs and financial institutions regard Iraq as a significantly corrupt country as the new prime minister works to recover public funds.

Latest News

Traffic plummets through Strait of Hormuz after Iran, US trade fire

AFP via Getty Images

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Olivier Badard

CEO of Armada Holding

Analysis

Why the Hormuz oil shock never became an energy catastrophe

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Explainer

Gulf states push incentives for investors, expats after war dents image

FADEL SENNA/AFP via Getty Images

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

Dubai skyline

UAE Central Bank announces more sanctions

The Emirates is seeking to improve its record on financial transparency after being implicated in money laundering and sanctions evasion controversies.

Conservative and reformist newspapers in Tehran on Sept. 18, 2021.

Iranian trade with China on the rise

China is focused on improving its economic ties with Iran as opposed to security cooperation.

An Egyptian farmer holds harvested wheat in Qursaya island on May 16, 2022, in Cairo, Egypt.

Egypt diversifies wheat suppliers as large international purchases resume

Cairo halted tenders after the steep rise in prices that followed the outbreak of war in Europe, but since June it has locked in new large quantities that also show which countries are filling the gap left by Ukraine.

Tel Aviv bakery

Israeli government retreats on bread-price controls

The global rise in prices of flour and other products havs affected the cost of bread in Israel, some of which has long been regulated.

Salman Mitsotakis

Saudi Arabia signs energy agreement with Greece

Another purpose of Saudi Crown Prince Mohammed bin Salman's visit is to seek greater economic and technological cooperation with Greece.

A picture taken on March 17, 2022, shows a view of the skyline of the Bahraini capital city of Manama.

Bahrain joins UAE’s industrial partnership

Jordan and Egypt are already part of the group, which aims to establish joint industrial projects.

Demonstrators hold up posters in front of Jordanian policemen during a protest near the prime minister's office in Amman, Jordan, on June 6, 2018.

Inflation up more than 3% in Jordan during first half of 2022

The inflation rates in Turkey, Egypt and other countries in the region are considerably higher.

Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf emirate of Dubai, on March 10, 2022. - Art Dubai, the Middle East's largest annual contemporary art fair, featured for the first time digital works, as the wealthy Gulf emirate seeks to position itself as a crypto-assets hub. - RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by Karim SAHIB / AFP)

UAE's crypto push seeks to draw in high-net-worth individuals

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

OLEKSANDR GIMANOV/AFP via Getty Images

Russia reassures Egypt on wheat exports after Odessa attack

The Russian missile attack on Ukraine’s port of Odessa came just a day after Turkey brokered a deal on safe passage of wheat exports from the war-torn country.

Obsolete Turkish lira banknotes.

How realistic are Ankara’s hopes of trading in Turkish liras?

While the Turkish lira continues to tumble, Turkey’s currency swaps with China and other countries have failed to live up to their stated objective of boosting trade in local currencies, official data show.

Ras al-Khaimah

UAE doubles tax inspections in first half of 2022

The Gulf state is seeking to increase its financial transparency and boost tax revenue.

STEFANI REYNOLDS/AFP via Getty Images

Oil falls below $100 to lowest price in two weeks

US President Joe Biden failed to convince Saudi Arabia to significantly increase oil production during his recent trip to the region but the boosts endorsed by the OPEC+ alliance came into effect this month.

AL-MONITOR Staff

By AL-MONITOR Staff