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Economy & Business

Crops of wheat and barley in Terbol village on May 10, 2022, in Bekaa Valley, Lebanon.

Analysis

MENA wheat importers face food security risks as Hormuz crisis festers

Home to many of the world's largest wheat importers, the Middle East and North Africa face acute food security risks as the US-Israel-Iran war disrupts global fertilizer flows and pushes up prices.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Haitham AL-SHUKAIRI / AFP via Getty Images

Oman enters Gulf AI race with new special economic zone in Muscat

Oman will create an AI-focused special economic zone in Muscat governorate.

A pumpjack stands idle in the Huntington Beach oil field, with port cranes visible in the distance, on April 23, 2026, in Huntington Beach, California.

Oil surges past $120 to war-time high as Trump rejects Iran overture

Benchmark Brent crude surpassed $120 per barrel on Wednesday, reaching the highest levels yet seen during the US-Israel-Iran war.

An Iraqi money dealer counts Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, at an exchange office in Baghdad on Feb. 3, 2012.

Iranian rial hits new record low as blockade, war take toll: What to know

The rial had another collapse in late 2025, triggering massive protests and riots in the country that were ended by a forceful government crackdown.

Latest News

Analysis

UAE’s OPEC exit rattles cartel as Gulf alliances shift

GIUSEPPE CACACE/AFP via Getty Images

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Why UAE's decision to leave OPEC is major shift for cartel

MUMEN KHATIB/AFP via Getty Images

United Arab Emirates

First LNG tanker transits Strait of Hormuz since Iran war began

Yuichi YAMAZAKI / AFP via Getty Images

Pistachios reach highest prices in eight years amid Iran war

An Iranian grocer sells pistachios imported from Iran at a Persian products shop in the Gulf emirate of Dubai on July 10, 2019. (Photo by Karim SAHIB / AFP) (Photo credit should read KARIM SAHIB/AFP via Getty Images)

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

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.

Saudi tourism

Emirates airline to boost Saudi tourism

The Dubai-based carrier has signed an agreement with the Saudi Tourism Authority to bring international travelers to Saudi Arabia.

People hold up their electricity bills as they protest against high energy prices in Ankara on Feb. 9, 2022.

Turkey’s producers face tough choices after staggering energy hikes

Industrial enterprises in crisis-hit Turkey have faced energy price hikes of up to 400% over a year, atop other economic blows, and many might not survive the turmoil, experts warn.

A Palestinian boy waits for falafel at a vendor in Hebron in the West Bank, April 18, 2021.

Rise in price of falafel leaves Palestinians hangry

The price hike of a falafel sandwich, a popular street food once available to all, has stirred wide resentment amid the increase of prices of other foodstuffs.

Qatari liquefied natural gas carrier Duhail passes through the Suez Canal near the port city of Ismailia, Egypt, April 1, 2008.

Egypt breaks LNG export records with eye on Europe

The country recorded 10-year high sales in 2021 following a jump in global prices and resumption of production in its second liquefied gas facility, a flow local authorities hope to maintain as they try to become a regional hub and major player in the market.