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Economy & Business

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.

Saudi Arabia football supporters wave flags

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

The project is a vote of confidence to Saudi Arabia's ambitious Vision 2030 agenda to diversify the economy away from oil, despite an uptick in attacks by Yemen's Houthi rebels on the kingdom in recent weeks.

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.

Gulf oil exports surpass prewar levels despite escalating tanker attacks

According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million.

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

Latest News

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

Benoit Tessier / AFP via Getty Images

Explainer

Indonesia first foreign country to own property in Saudi Arabia's Mecca

Vehicles move along a main street in Saudi Arabia's holy city of Mecca on Sept. 16, 2026.

Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks

FAYEZ NURELDINE/AFP via Getty Images

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

Digital generated image of abstract AI chat icons over digital surface.

AL-Monitor FutureVerse: AI superpowers clash

An exclusive sneak peek of an interview with a top Saudi tech diplomat who is helping shape the future of AI collaboration among emerging economies.

Sultan Ahmed Al Jaber, President of COP28, speaks during the opening ceremony of the UNFCCC COP29 Climate Conference on Nov. 11, 2024 in Baku, Azerbaijan.

UAE’s XRG to make big investment in US energy, ADNOC chief says

Sultan Ahmed Al Jaber said his new low-carbon energy company wants to become a one-stop shop for gas in the United States.

United Arab Emirates

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Saudi Aramco CEO warns of 'painful awakening' as energy costs rise

Amin Nasser said that green energy would not replace oil as demand for crude continues to grow, especially from the Global South.

Lebanon ruins

World Bank estimates $11B reconstruction bill for Lebanon after Israeli war

The war in Lebanon came as the country was already struggling with its worst economic crisis in decades.

A young man looks at the Bayraktar TB2 drone.

Turkey's Baykar partners with Italy’s Leonardo on drones: What to know

The joint venture could further boost Baykar’s drone fleet and comes amid improving Italy-Turkey trade ties.

Syrian central bank

UK removes 24 Syrian entities from sanctions list, including central bank

The latest decision comes after the European Union lifted several sanctions across banking and energy on Syria on Feb. 24.

The entrance to the Central Bank of Turkey, Ankara, Feb. 8, 2024.

Turkey lowers interest rates to 42.5% following dip in annual inflation

The decision to further cut interest rates follows a decline in the country's year-on-year inflation to below 40%.

EU-GCC summit

Saudi PIF, Italy sign $3B export deal as ties grow under Meloni: What to know

The agreement will help the kingdom's many giga projects as well as Italian exporters.

Tadawul

Aramco to invest up to $58B in 2025 gas, renewables ventures, CEO says

Saudi Aramco is investing in an offshore gas field and new business areas such as lithium and blue ammonia, its CEO told stockholders.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm

Following the acquisition, the new firm, called Borouge Group International (BGI), will be the world’s fourth-largest polyofin company, said ADNOC and OMV.

United Arab Emirates

Voladymyr Zelenskyy meets with President Mohammed bin Zayed Al Nahyan in Abu Dhabi, on Feb. 17, 2025.

Analysis

Amid US rift and Saudi rivalry, UAE offers Zelenskyy economic lifeline

Gulf countries find themselves in a difficult position as they navigate placating Trump, maintaining good relations with Russia, and engaging with Ukraine while also providing mediation and humanitarian aid.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Local residents walk past the Blue Mosque, in Istanbul on March 1, 2025, on the first day of the Muslim fasting month of Ramadan. (Photo by Yasin AKGUL / AFP) (Photo by YASIN AKGUL/AFP via Getty Images)

Inflation in Turkey dips under 40%, lowest in nearly 2 years

Finance Minister Mehmet Simsek said he expected the decline in inflation to continue due to Turkish monetary policies.