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Economy & Business

An Iranian grocer sells pistachios imported from Iran at a Persian products shop in the Gulf emirate of Dubai on July 10, 2019. (Photo by Karim SAHIB / AFP) (Photo credit should read KARIM SAHIB/AFP via Getty Images)

Pistachios reach highest prices in eight years amid Iran war

Pistachio prices rose to around $4.57 a pound in March, their highest since 2018, according to data company Expana.

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.

Latest News

Which airlines are cutting flights amid Hormuz fuel disruption?

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

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

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

Saudi Arabia and Turkey's national flags flutter outside the presidential complex in Ankara prior to the arrival of the Saudi crown prince to Ankara, June 22, 2022.

With 32% trade boost, Turkey eyes Saudi investments amid domestic downturn

Trade between the two countries reached $5.86 billion in 2022, a 32.6% increase over the previous year.

The Chinese and the Saudi flags adorning a street in Riyadh ahead of the Chinese president's visit to the Saudi capital, Dec. 7, 2022.

Saudi PIF ups investment in China’s Alibaba-backed tech fund

eWTP Arabia Capital invests in energy and technology start-ups across the Middle East, North Africa and Asia.

In this handout image supplied by COP28, Luiz Inácio Lula da Silva (L3), President of the Federative Republic of Brazil and Marina Silva (L2), Minister of the Environment, Joko Widodo (R2), President of the Republic of Indonesia, H.E Razan Al Mubarak (R1), President of the International Union for Conservation of Nature and Climate Change of Brazil and His Excellency Dr. Sultan Al Jaber (R3), COP28 President during the Nature Season at Al Waha Theatre during day two of the high-level segment of the UNFCCC CO

After US, India, UAE, World Economic Forum expects Brazil to enter green coalition

India, the UAE and the United States are part of the First Movers Coalition, a green alliance that Rob van Riet, senior adviser at the WEF's Center for Nature and Climate, told Al-Monitor he hoped Brazil will be the next to join.

United Arab Emirates

The Burj Khalifa (C) stands surrounded by other skyscrapers in Dubai, United Arab Emirates, Nov. 29, 2020.

Kuwait, Qatar, UAE telecoms merge assets into $2.2B tower company

Three Gulf companies will create a new entity, which has not yet been publicly named, combining around 30,000 tower assets in Algeria, Iraq, Jordan, Kuwait, Qatar and Tunisia.

An Israeli flag reading "together we win" is reflected in a bus passing in front of a demonstration held by Israeli left-wing activists near the Ministry of Defence in Tel Aviv on December 5, 2023, calling for a ceasefire and exchange of hostages amid ongoing battles between Israel and Hamas. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)

Explainer: Did investors profit from Hamas attack on Israel?

The Tel Aviv Stock Exchange said there was no irregular trading after US researchers noted an increase in short volume and interest of some Israeli securities in the days leading up to Hamas’ deadly incursion.

ADEM ALTAN/AFP via Getty Images

What is behind Turkey’s inflation spike to 61.9% in November?

November's consumer prices also rose by 3.28%, data released by the Turkish Statistical Institute showed on Monday.

DUBAI, UNITED ARAB EMIRATES - NOVEMBER 29: A banner hangs in a venue at the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. The COP28 is bringing together stakeholders, including international heads of state and other leaders, scientists, environmentalists, indigenous peoples representatives, activists and others to discuss and agree on the implementation of global measures towards mitigating the effects of climate change. (Photo by Se

Why COP28 will likely end in compromise on phasing down some fossil fuels

Karim Elgendy

In Woking, reporting on regional politics

Iraq drought

How are climate change, water scarcity weighing on Iraq’s agriculture?

The Norwegian Refugee Council said farmers are being hurt economically by climate change, and suggested better irrigation techniques and water monitoring technology to improve the sector.

IMF

IMF chief urges governments to increase carbon prices, reduce fossil fuel subsidies

Kristalina Georgieva was addressing an audience of business leaders and philanthropists at the COP28 climate summit in Dubai.

United Arab Emirates

Police Officers stand in front of the Hofburg Palace, the venue of the 8th OPEC International Seminar, in Vienna, Austria, on July 5, 2023.

Breaking | Last Updated: November 30, 2023, 3:51 pm

Brazil to join OPEC+ as Saudi-led bloc agrees to oil cuts

Saudi Arabia, which leads the alliance of oil producers, has been instituting voluntary production cuts in an effort to keep prices up.

Chinese flag

UAE-China ink multibillion-dollar deals as ties grow

The United Arab Emirates and China are major trade partners and have strengthened cooperation in both finance and energy in recent months.

Expo 2020

What does Saudi Arabia hosting of Expo 2030 mean for its economy?

Winning the rights to host the world fair follows news that the kingdom will likely host the 2034 FIFA World Cup, among several other major events.