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Economy & Business

BILAL QABALAN/AFP via Getty Images

Saudi oil infrastructure in crosshairs as Houthis claim Ras Tanura strike

Ras Tanura is home to the kingdom’s largest refinery and one of the world’s most important oil export terminals.

A man looks at a screen displaying the flight schedule at the Hazrat Shahjalal International Airport in Dhaka, on Oct. 12, 2026, as Saudi Arabia-bound flights remain canceled a day after a Houthi strike at Riyadh's international airport.

Riyadh airport reopening faces turbulence as Houthis claim new strikes

A trickle of flights landed and departed from the Saudi capital on Monday as the Houthis continued to threaten aviation in the Gulf state.

a large billboard featuring Israeli Prime Minister Benjamin Netanyahu

What Netanyahu win or loss could mean for Israel’s economy

Economic concerns have taken a back seat to security as voters weigh Prime Minister Benjamin Netanyahu’s future — but rising deficits, cost of living and politically charged issues will be a challenge for whoever eventually prevails.

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha, on June 22, 2026.

Qatar locks in US LNG through 2054 as it looks beyond Hormuz

The Gulf state agreed to buy up to 4 million tons of US liquefied natural gas annually through 2054.

Latest News

China-Saudi consortium wins $306M World Cup stadium deal: What to know

Saudi Arabia football supporters wave flags

Gulf oil exports surpass prewar levels despite escalating tanker attacks

The Chinese-flagged container shipping vessel Hui Fa transits the Gulf of Oman off the coast of Khor Fakkan in the emirate of Sharjah east of the UAE, on Oct. 13, 2026.

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

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

Benoit Tessier / AFP via Getty Images

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Saudi central bank

Analysis

Saudi Central Bank extends guaranteed financing program for small businesses

The program encourages Saudi banks to loan to small businesses by guaranteeing a portion of the funds, and was launched in response to the coronavirus-related economic downturn in Saudi Arabia.

AL-MONITOR Staff

By AL-MONITOR Staff

OZAN KOSE/AFP via Getty Images

Dizzying fuel hikes fan popular grievances in Turkey

With Turkey’s consumer inflation already at 54.4%, price increases on fuel alone threaten to add two percentage points to the monthly inflation rate in March.

Bitcoin

Israel unhappy over unregulated cryptocurrency trade

Israeli authorities are demanding the international crypto stock-exchange Binance to explain unregulated digital currency trade in the country.

US President Joe Biden announces a ban on US imports of Russian oil and gas, March 8, 2022.

Oil price dips as UAE endorses increased production

Global oil prices have skyrocketed due to the Russian invasion of Ukraine.

United Arab Emirates

Guests attend the Global AI 2020 (Artificial Intelligence) Summit.

Saudi-US business forum to focus on defense, artificial intelligence

Saudi Arabia is looking to diversify its economy, but some in the United States want less cooperation with the Gulf state due to human rights concerns.

AL-MONITOR Staff

By AL-MONITOR Staff

Turkey gas pipeline

Can Turkey benefit from Europe’s quest to reduce Russian gas?

Europe’s efforts to phase down gas imports from Russia might place Turkey at the center of routes for alternative supplies from Azerbaijan and Israel.

Turkey drilling

Fourth offshore drilling ship for Turkey en route from South Korea

The advanced vessel will join Turkey’s three others in conducting energy exploration in the Mediterranean and Black seas.

MOHAMED EL-SHAHED/AFP via Getty Images

Egypt to have eight months of wheat reserves, says minister

The Russian invasion of Ukraine is threatening wheat supplies across the Middle East.

AL-MONITOR Staff

By AL-MONITOR Staff

The prices for gas and diesel fuel.

Saudi, Emirati oil prices reach record highs

The Russian invasion of Ukraine has led to historically high oil prices.

AL-MONITOR Staff

By AL-MONITOR Staff

Turkish Presidential Press Office

How Ukraine crisis undermines Turkey's economic program

Ankara’s economic program has hit a deadlock under the impact of Russia’s invasion of Ukraine, marked by a stream of fuel hikes, canceled tourism bookings and textile orders, and shortage fears in the food sector.

ADEM ALTAN/AFP via Getty Images

Turks rush to buy sunflower oil as Ukraine war menaces food prices

Despite official assurances over supplies of basic items, a holdup of imports from Russia and Ukraine has already sparked panic buying of sunflower oil.

BlackRock

UAE partners with US investing firm BlackRock

The New York-based BlackRock signed a memorandum of understanding with UAE's global investment platform Investopia.

United Arab Emirates