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Economy & Business

A view of Dubai Marina in Dubai on March 3, 2026.

UAE’s cash request tests US ties as Iran war strains Gulf financial muscle

Amid growing economic fallout from the regional war, Abu Dhabi’s bombshell request for a war-time financial lifeline from the United States is less about cash and more about clout — for now.

United Arab Emirates

A liquefied natural gas (LNG) tanker is moored at a LNG berth in Kawasaki, Kanagawa, prefecture April 8, 2026.

IEA delivers grim gas supply forecast as oil notches 15% weekly rise

A wave of new LNG supplies will be delayed for at least two years due to war-related damage to Qatari energy infrastructure, according the International Energy Agency's latest market update.

A person walks past the closed Metropolitan Opera at Lincoln Center on Jan. 7, 2021, in New York City.

Why did the Met Opera lose its Saudi funding deal?

The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years.

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.

Latest News

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

BAY ISMOYO / AFP via Getty Images

Analysis

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

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.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

Haruna Furuhashi /Getty Images

United Arab Emirates

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

Tobias SCHWARZ / 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

A seal on the exterior of the US Department of Treasury building, March 13, 2023.

Who are the Iranians sanctioned by US, UK for murder plots against dissidents?

One of the plots culminated in the 2019 assassination of Iranian government critic Mas’ud Vardanjani in Istanbul, according to a statement by the US Treasury Monday.

Tourists ride in a horse-drawn carriage near the art installation "Temple" by French artist Stephan Breuer and the Pyramid of Menkaure or Menkheres (front) and the Pyramd of Khafre or Chephren (behind) during the third edition of the "Forever is Now" art exhibition by Art d'Egypte at the Giza pyramids necropolis on October 28, 2023. (Photo by Khaled DESOUKI / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by

Analysis

Egypt's tourism boom offers respite from foreign currency woes, Gaza war

Egyptian tourism revenues and the number of holidaymakers visiting reached record highs in 2023 but will unlikely be enough to cure Cairo’s financial problems.

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

PORTLAND, OREGON - JANUARY 9: An Alaska Airlines Embraer aircraft is seen taking off at Portland International Airport on January 9, 2024 in Portland, Oregon. NTSB investigators are continuing their inspection on the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft following a midair fuselage blowout on Friday, January 5. None of the 171 passengers and six crew members were seriously injured. (Photo by Mathieu Lewis-Rolland/Getty Images)

Boeing crisis opens door for Airbus to win new Middle East deals

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Photo illustration of a selection of front pages from UK daily national newspaper coverage, London, Jan. 18, 2024.

Analysis

UAE-backed fund's planned Telegraph takeover raises press freedom fears

Members of parliament and former state security figures have raised concerns about what it would mean for an entity with close ties to a foreign government to own one of the United Kingdom’s most influential newspapers.

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

KHALED DESOUKI/AFP via Getty Images

Egypt to give Cairo's historic downtown major facelift

The project is part of a wider plan to develop Cairo’s downtown area to boost tourism and the economy.

Turkey inflation 1

Turkey’s Central Bank raises interest rates to 45%

A pause in hikes will follow, ahead of upcoming local elections in March, when Turkish President Recep Tayyip Erdogan is looking to regain control of key cities.

GAVRIIL GRIGOROV/AFP via Getty Images

What does Sisi-Putin latest nuclear plant deal mean for Egypt, Russia?

Egypt is hoping nuclear energy will help meet its substantial power needs as Russia eyes a greater nuclear foothold in the region.

Lebanese bartender Hadi Ghassan prepares a drink behind the counter at "Meraki Riyadh", a pop-up bar offering non-alcoholic bellinis and spritzes, served in chilled cocktail glasses, in Riyadh on January 23, 2024. The bar's success highlights widening acceptance of more daring non-alcoholic fare even as booze itself remains strictly off-limits in the Gulf kingdom, home to Islam's holiest sites. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What does Saudi's first-ever alcohol store say about new Gulf culture?

Alcohol-free 'mocktails' are also becoming increasingly popular across the region.

A picture taken on April 14, 2015 shows a view of a plant processing phosphates in the port of the Tunisian southern city of Sfax. / AFP / FETHI BELAID (Photo credit should read FETHI BELAID/AFP via Getty Images)

Tunisia’s phosphate industry still not ready to help country navigate economic crisis

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

A ship transits the Suez Canal toward the Red Sea on Jan. 10, 2024, in Ismailia, Egypt.

Red Sea trade hit can be 'managed' amid weak global demand, says WEF

Maroun Kairouz, director of the World Economic Forum for the Middle East and North Africa, told Al-Monitor that the Israel-Hamas conflict has not had a material impact on global energy markets so far.

Group Chairman & CEO, DP World Sultan Ahmed bin Sulayem speaks during the 2023 Concordia Annual Summit at the Sheraton Hotel, New York, Sept. 19, 2023.

EV charging infrastructure needed to accelerate carbon emission cuts, says DP World

The UAE-headquartered company's CEO Sultan Ahmed bin Sulayem told Al-Monitor that the sector could place more emphasis on equipment providers to allow for cost-competitive electric equipment to drive forward decarbonization goals.

United Arab Emirates

Foreign labourers work on the construction of new luxury houses in the Saudi capital Riyadh on April 13, 2019. - Housing is a potential lightning rod for public discontent in a country where affordable dwellings are beyond the reach of many, posing a key challenge for Crown Prince Mohammed bin Salman as he seeks to overhaul the oil-reliant economy. (Photo by FAYEZ NURELDINE / AFP) (Photo credit should read FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia bolsters expat incentives as war complicates efforts to lure foreign talent

Samuel Wendel

In Washington, DC, reporting on regional business and tech