Economy & Business - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

Business and Economy Cover Image

Economy & Business

Refueling trucks are seen at Southend Airport on April 17, 2026, in Southend, England.

Which airlines are cutting flights amid Hormuz fuel disruption?

European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies.

BAY ISMOYO / AFP via Getty Images

How are Iran-linked tankers still moving through Hormuz blockade?

At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa.

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on Feb. 6, 2017.

Analysis

Gulf energy deals face Iran war stress test as global expansion meets oil shock

ADNOC, Aramco and QatarEnergy have aggressively expanded their international portfolios in recent years, a strategy facing new constraints as the US-Israel-Iran war impacts Gulf production and exposes structural risks.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Haruna Furuhashi /Getty Images

Could UAE tap US currency swap line as Iran war strains Gulf economies?

The Gulf country apparently wanted reassurances from Washington in case its economy is severely damaged by the Iran war.

United Arab Emirates

Latest News

EU to restore Syria cooperation pact ahead of May talks: What to know

Tobias SCHWARZ / AFP via Getty Images

Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt

A man walks past a screen displaying stock indices at the Dubai Financial Market stock exchange in Dubai, March 4, 2026.

What LIV Golf’s woes suggest about Saudi Arabia’s economic headwinds

Bryson DeChambeau of Crushers GC plays his shot from the 17th tee prior to LIV Golf Mexico City at Club de Golf Chapultepec on April 15, 2026, in Mexico City.

Eurozone's inflation jumps 2.6%, jet fuel shortages loom amid Iran war

A fuel truck CarbOil services an Easyjet aircraft at Milan's Malpensa Airport on April 13, 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

Smoke billows from a site that was hit by an Iranian missile strike in the city of Haifa early on June 16, 2025.

Gas prices surge, oil stabilizes as Israel-Iran conflict hits energy infrastructure

Israel hit several energy facilities in Iran over the weekend while Iranian missiles struck an oil refinery in Haifa.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022.

Israel closes Leviathan gas field after strikes on Iran, cutting supply to Egypt

The shutdown comes after Israel launched a series of air strikes on Iranian military and nuclear sites as well as key nuclear scientists and officials.

Iranian soldiers take part in the "National Persian Gulf day" in the Strait of Hormuz, on April 30, 2019. The date coincides with the anniversary of a successful military campaign by Shah Abbas the Great of Persia in the 17th century, which drove the Portuguese navy out of the Hormuz Island, after which is named the waterway which separates the Gulf from the Sea of Oman. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Global shippers sound alarm over Strait of Hormuz amid Iran-US-Israel tensions

The critical waterway, which connects the Gulf, Gulf of Oman and the Arabian Sea, sees about a quarter of the world's oil shipments pass through it.

Cryptocurrency giant Binance opens trading access to Syria: What to know

Binance’s announcement comes after the United States and the European Union lifted most economic sanctions on Syria last month.

A woman looks on from Creek Harbout at the Dubai skyline with Burj Khalifa, the world's largest building (C) on Feb. 5, 2025.

EU commission removes UAE, adds Lebanon and Algeria to money laundering list: What to know

The changes to the list are still pending approval from EU member states and the European Parliament, likely within the next month.

United Arab Emirates

Khalaf Ahmad al-Habtoor, Chairman of the al-Habtoor Group, attending the World Premiere of La Perle in Dubai

UAE’s Al Habtoor Group to send business delegation to Syria: What to know

Al Habtoor Group's announcement comes after the United States and European Union lifted most economic sanctions on Syria last month.

People enjoy the sun and the sea along the Kadinlar Beach of Kusadasi on July 17, 2005.

Turkey: $30M credit card scam hits tourists in coastal resort, 20 arrested

The alleged ringleader, a hotel owner identified as "H.O.," stole the money by sharing credit card details of tourists checking into the property.

People queue to use ATM machines outside a bank in Damascus on Dec. 16, 2024.

Syria to rejoin SWIFT payment system ‘within a few weeks’: What to know

It marks a major milestone in Syria’s economic recovery from sanctions imposed in 2011 in response to human rights abuse allegations against the regime of long-time dictator Bashar al-Assad.

Exhibitors display Israel's Blue Bird aero-systems UAV at the DefExpo 2018, a large defence exhibition showcasing military equipment, on the outskirts of Chennai on April 11, 2018.

Analysis

Israel posts record $14.7B in defense deals as European demand soars: What to know

European customers are largely behind the jump in Israeli weapons sales, and one expert said concerns over Israel’s conduct in the war in Gaza appears to have had only a limited effect on Europe’s demand for Israeli weapons.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

in the center of the Egyptian capital, May 6, 2022.

Analysis

North Africa’s rail race spurred by World Cup, trade and bullet trains

Algeria, Egypt, Morocco and Tunisia are betting on high-speed rail, long-distance routes and expanded networks to improve their economic outlook and project power.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A child crouches over cracked earth at al-Massira dam in Ouled Essi Masseoud village, some 140 kilometres (85 miles) south from Morocco's economic capital Casablanca, on Aug. 8, 2022 amidst the country's worst drought in at least four decades.

Morocco’s agricultural, fishing sectors plunge in 2024 amid drought, climate strain

Agriculture is a pillar of the Moroccan economy, and in 2023, it amounted to more than 11% of the country’s gross domestic product.

5g egypt

Egypt launches 5G network as North Africa's digital push accelerates

North African states are moving to introduce high-speed internet and data-intensive applications to business and government sectors in the face of increasing demand.