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Economy & Business

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

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.

Latest News

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

AHMAD AL-RUBAYE / AFP via Getty Images

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

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

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

Israel economy

Report: Israel central bank leader not concerned about inflation

Andrew Abir discussed interest rates, Israel’s high cost of living, foreign currency purchases and more with the Israeli media outlet Globes.

AL-MONITOR Staff

By AL-MONITOR Staff

Delivery couriers of Yemeksepeti demonstrate to demand higher wages in front of the company's headquarters in Istanbul, on Feb. 5, 2022.

Turkey’s food delivery couriers latest to strike amid economic crisis

A spate of industrial action from courier drivers comes as they step into an important gap created by COVID isolation.

A man carrying bags of bread walks as a patrol of US military vehicles is seen in the town of Tal Tamr in the northeastern Syrian Hasakeh province along the border with Turkey on Feb. 8, 2020.

Bread crisis looms in Syria amid low wheat production

The bread crisis in Syrian regime areas is expected to become worse in the next few months due to drought and its subsequent impact on wheat crop production.