Banking and Finance

Egypt's Prime Minister Mostafa Madbouly (R) meets with China's Premier Li Qiang at his office in Cairo on July 10, 2025.

Egypt banks on Beijing as premier visit seals yuan, payment deals

The deals were announced during the visit by a senior Chinese delegation led by the country’s premier to Cairo this week.

Iran's Foreign Minister Abbas Araghchi, Egypt's Prime Minister Mostafa Madbouly, and Indonesia's President Prabowo Subianto pose for a family photo.

Egypt urges BRICS to deepen financial ties after Trump threatens tariffs

Egyptian Prime Minister Mustafa Madbouly said that due to the global decline in multilateralism and crises engulfing the world, members of the bloc of developing nations should bolster their financial and economic ties.

Hisham Ezz Al Arab CIB CEO

Interview

How Red Sea attacks prepared Egypt’s economy for future shocks

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

Hisham Ezz Al-Arab

Hisham Ezz Al-Arab

CEO, Commercial International Bank

Portraits of Iranian military generals and nuclear scientists, killed in Israel's June 13 attack are displayed above a road, as a plume of heavy smoke and fire rise from an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025.

Analysis

Israel-Iran war fuels risks for Mideast economies, energy flows after US strikes

The global economic fallout from the Israel-Iran clash has been limited but US strikes are adding to the risk.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Lebanon arrests fmr economy minister Amin Salam on embezzlement charges

Lebanese Minister of Economy Amin Salam (R) vists the port of the capital Beirut, as a corner of the silos which were destroyed in a massive explosion on August 4, 2020, burns on July 14, 2022. - The fire at the port's blast-hit grain silos, at risk of collapse due to severe damage, ignited at the start of the month because of fermentation of remaining grain stocks paired with rising temperatures. (Photo by ANWAR AMRO / AFP) (Photo by ANWAR AMRO/AFP via Getty Images)

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

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

United Arab Emirates

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

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

As Turkey's inflation dips to 35%, will central bank pivot on interest rates?

Price tags of olives are seen at a store on March 3, 2025, in Istanbul, Turkey

TOPSHOT - Kuwaiti traders follow the stock market activity at Boursa Kuwait, in Kuwait City on April 7, 2025. According to official news agencies, Kuwait's primary index fell 5.7 percent, the Qatari stock exchange was down 4.2 percent, and in Oman, the Muscat stock market closed with a 2.6-percent decline. Under Trump's policy, goods from Saudi Arabia, Kuwait, Qatar, Oman and the United Arab Emirates will be subject to a 10-percent "baseline" tariff. The uncertainty over trade and manufacturing has helped t

Analysis

Gulf wealth funds weather US stock dip, target Amazon, Bitcoin in Q1

We take a look at the region’s exposure to American equities as the US president departs the Gulf.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Khaldoun al-Mubarak, Managing Director and Group Chief Executive Officer of the Mubadala Investment Company, speaks at a panel session during the World Government Summit in Dubai on February 12, 2024. (Photo by RYAN LIM / AFP) (Photo by RYAN LIM/AFP via Getty Images)

Mubadala investments soar by 33% as UAE deepens AI ties with US

Mubadala made 119 billion Emirati dirhams ($32.4 billion) worth of investments in 2024, up 33.7% from the previous year, according to a Thursday statement from the UAE fund.

United Arab Emirates

Commuters drive past a newly-installed billboard bearing the image of a Lebanese flag and a statement that reads in Arabic "Lebanon a new era", replacing a Hezbollah billboard, on the road leading to Beirut's Rafic Hariri International airport on April 10, 2025. (Photo by JOSEPH EID / AFP) (Photo by JOSEPH EID/AFP via Getty Images)

Lebanon secures initial World Bank approval for $400M loan

Lebanon is seeking international support to cover an estimated $11 billion in reconstruction costs, as its government navigates ongoing political and security challenges.

Employees stand behind stacks of local currency notes as they serve clients at an exchange shop in Damascus, on April 16, 2025.

IMF appoints first Syria mission head in 14 years: What to know

Syria's new government faces the task of revitalizing an economy that has been devastated by 14 years of war and ravaged by international sanctions.

People wave the flag of Palestine and the new flag of Syria as Syrians gather in a protest dubbed "Syrians Against the Occupation" to denounce Israel's continued war on Gaza as well as its occupation of parts of Syria and Palestine in Damascus, Syria, on April 7, 2025.

First Syria delegation under Sharaa visits US, will attend IMF meetings: What to know

Syria's new government faces the daunting task of rebuilding an economy shattered by war and burdened with debt, ongoing sanctions and reconstruction costs.

Egyptian President Abdel Fattah al-Sisi arrives in Doha on Sunday for an official visit and is welcomed by Qatari Emir Sheikh Tamim bin Hamad Al Thani upon his arrival.

Egypt's Sisi visits Qatar, nabs $7.5B in investments: What to know

President Abdel Fattah al-Sisi’s trip to Doha comes amid Egypt’s moves to improve ties with Turkey and tensions with the UAE over the Gaza war.

Retired US army general, David Petraeus, speaks at the Qatar Economic Forum in Doha on May 15, 2024.

David Petraeus, ex-CIA head, tapped to lead KKR's push into Mideast markets

The newly-formed team will identify investment and partnership opportunities in the region, with a focus on the Gulf Cooperation Council countries, the private equity firm said.

People walk past the New York Stock Exchange on Wall Street on April 11, 2025, in New York City.

Where Middle East’s top investors stand as tariffs roil US bond market

Turkey's Minister of Finance Mehmet Simsek takes part in a panel discussion during the Doha Forum in the Qatari capital on December 7, 2024. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

Turkey's Simsek says economy will ride out Trump tariffs without lasting scars

Mehmet Simsek stressed that his government’s economic program has made the economy more resilient against internal and external shocks, highlighting that inflation has fallen and continues to drop.

Jared Kushner, founder and CEO of Affinity Partners, and Steve Witkoff, US Middle East envoy, during a panel discussion at the FII Priority summit, Miami Beach, Feb. 20, 2025.

UAE, Qatar investments fuel Jared Kushner's firm assets to $4.8 billion

Commitments from Abu Dhabi–based asset manager Lunate and the Qatar Investment Authority, the sovereign wealth fund, increased Affinity’s assets by $1.5 billion over a year.

United Arab Emirates

Karim Souaid

Meet Karim Souaid, Lebanon’s new central bank chief with daunting mission

The appointment of a new central bank governor comes nearly two years after the term of embattled governor Riad Salameh ended in July 2023.

Protesters clash with Turkish riot police using tear gas and water cannon during a demonstration following the arrest of the mayor of Istanbul in Ankara, on March 22, 2025.

Imamoglu's arrest triggers emergency market measures as Turkey stocks plunge

The Turkish lira and equities have fallen sharply since the arrest last week of Istanbul Mayor Ekrem Imamoglu — a key rival to President Recep Tayyip Erdogan — on corruption charges, which he denies.