Al-Monitor Staff - AL-Monitor: The Middle Eastʼs leading independent news source since 2012

Al-Monitor Staff

Al-Monitor Staff

Two pairs of US hundred dollar and Egyptian hundred pound notes are held before a window showing the skyline of Egypt's capital Cairo and the Nile river on January 16, 2023. - With Egypt's economy in crisis, the currency in freefall and inflation skyrocketing, the poor have been hit hard but the middle class is also teetering on the brink. The Egyptian pound has lost half its value against the dollar since March, following a devaluation demanded as part of a $3 billion International Monetary Fund loan agree

Egypt inflation drops to 31.5%, but food prices still rising

Al-Monitor Staff

Al-Monitor Staff

A general view shows 09 March 2004 the Shaybah mega-project, the first, and so far sole, oilfield development in Saudi Arabia's vast Al-Rub al-Khali desert, some 800 kilometers (500 miles) southeast of the eastern oil center of Dhahran. The Shaybah mega-project, which sits on top of some 15 billion barrels of proven oil reserves, more than a drop in the ocean of Saudi Arabia's estimated total reserves of about 260 billion barrels, has been producing oil to the tune of 600,000 barrels per day (bpd) for less

Saudi Aramco profit drops 19% on lower oil prices

Al-Monitor Staff

Al-Monitor Staff

A picture taken during a tour origanized by the Jordanian army shows soldiers patrolling along the border with Syria to prevent trafficking, Feb. 17, 2022.

Suspected Jordanian airstrike kills Syrian drug trafficker on border

Al-Monitor Staff

Al-Monitor Staff

Syria's empty seat is pictured during an emergency meeting of Arab League foreign ministers in Cairo on May 7, 2023. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Arab League readmits Syria, paving the way for Assad to attend Saudi summit

Al-Monitor Staff

Al-Monitor Staff

Turkish nergy and Natural Resources Minister Fatih Donmez

Turkey says Russia agreed to delay gas payment ahead of elections

Al-Monitor Staff

Al-Monitor Staff

Armenia genocide

Turkey closes airspace to Armenia over 'Nemesis' monument

Al-Monitor Staff

Al-Monitor Staff

Iranian employees of Saipa auto plant assemble a Tiba (Gazelle) car in the central city of Kashan on May 9, 2010. Iranian President Mahmoud Ahmadinejad inaugurated the largest automobile factory in the Middle East with a capacity of producing 150,000 cars a year, creating 4,000 jobs directly and 20,000 indirectly in the region. The Saipa factory will produce a new small car called Tiba costing between 80 and 90 million Rials (8,000 to 9,000 USD) for lower-middle class population. AFP PHOTO/ISNA/ALIREZA SOTA

Iran's SAIPA signs $497 million car deal with Russia, Belarus

Al-Monitor Staff

Al-Monitor Staff

Chris McGrath/Getty Images

Turkey inflation drops below 50% 11 days before elections

Al-Monitor Staff

Al-Monitor Staff

An illustration picture taken in London on Dec. 30, 2021, shows gold-plated souvenir cryptocurrency coins.

UAE reprimands cryptocurrency firm OPNX

Al-Monitor Staff

Al-Monitor Staff

GIUSEPPE CACACE/AFP via Getty Images

UAE airports record 56.3% bump in traffic as Saudi Arabia tries to compete

Al-Monitor Staff

Al-Monitor Staff

The silhouette of an Israeli soldier is outlined in the sky by a flare fired to search for a rocket that landed near Kibbutz Meitsar in the Israeli annexed Golan Heights, April 9, 2023. - Israel launched artillery strikes on Syria early morning on April 8 after several rockets were fired from there and landed in the Israeli-occupied Golan Heights. Israel's retaliatory strike to rocket attacks from Syria -- which no one has claimed -- is the latest episode in escalating violence in the region. (Photo by JALA

Israel carries out airstrikes in Aleppo, Syria: local media

Al-Monitor Staff

Al-Monitor Staff

BEIJING, CHINA - MARCH 17: Chinese Premier Li Keqiang (2nd-L) meets with Saudi Arabia's King Salman bin Abdulaziz Al Saud (2nd-R) at Great Hall of the People on March 17, 2017 in Beijing, China. At the invitation of President Xi Jinping, King Salman Bin Abdul-Aaziz Al-Saud of the Kingdom of Saudi Arabia will pay a state visit to China from March 15 to 18, 2017. (Photo by Lintao Zhang - Pool/Getty Images)

Saudi Arabia and China’s Baosteel to establish steel complex

Al-Monitor Staff

Al-Monitor Staff