Economy and trade

Oil tankers and cranes at Merchants Harbor, Saint Petersburg, Russia.

Analysis

As Trump plays Russia oil sanctions gambit, will Middle East profit or pay?

A potential US crackdown on Russian oil buyers could disrupt global trade flows — and the Middle East stands to both benefit and lose.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

GAVRIIL GRIGOROV/AFP via Getty Images

UAE looks to boost Russia trade to $23B despite Trump tariff threats

The two countries signed a trade agreement focusing on several key sectors, including fintech, health care, logistics, transportation and services.

United Arab Emirates

Iranian President Masoud Pezeshkian attends his first press conference, after taking office. on September 16, 2024 in Tehran, Iran.

Iran’s president to visit Armenia, China: What to know

Tehran is looking to strengthen ties with regional and Asian powers as Western sanctions continue to squeeze its economy.

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin (R) meets with UAE President Sheikh Mohamed bin Zayed bin Sultan al-Nahyan (L) at the Novo-Ogaryovo state residence outside Moscow on October 20, 2024. (Photo by Artem Geodakyan / POOL / AFP) (Photo by ARTEM GEODAKYAN/POOL/AFP via Getty Images)

UAE president heads to Russia to meet Putin as ties grow: What to know

UAE President Sheikh Mohammed bin Zayed al-Nahyan is heading to Moscow on Thursday for an official visit, his second in less than a year as Russian-Emirati relations continue to develop rapidly.

United Arab Emirates

Latest News

UAE’s ADNOC inks 10-year gas deal with India: What to know

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

United Arab Emirates

Iran mulls nixing zeros from currency as value plunges: What to know

This picture shows old Iranian banknotes of 1 million, 500,000,and 100,000 rials (L), and the new banknotes with four zeros removed (R), on Aug. 3, 2025.

Turkey’s inflation falls to four-year low of 33.5%: What to know

People shop at a local street market in Istanbul, Turkey, May 3, 2023.

Analysis

Netflix teams up with MBC’s Shahid in Saudi Arabia: An end to streaming wars?

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

US President Donald Trump (R) shakes hands with Saudi Crown Prince Mohammed bin Salman in the Oval Office of the White House, Washington, DC, March 20, 2018.

In first Trump call, Saudi crown prince says trade with US could hit $600B

US President Donald Trump spoke with Saudi Crown Prince Mohammed bin Salman in his first phone call to a foreign leader after his inauguration on Jan. 20.

GIUSEPPE CACACE/AFP via Getty Images

Exclusive

UAE Foreign Trade Minister Zeyoudi expects 14% trade increase in 2024: Interview

This rise has been propelled by the country's growing non-oil trade and trade deals, the UAE minister told Al-Monitor.

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

Saudi's Foreign Minister Faisal bin Farhan Al Saud attends the meeting of Foreign Ministers of the Gulf Cooperation Council countries, Kuwait City, Kuwait, Dec. 26, 2024.

Saudi FM set to travel to Lebanon, will press Beirut for 'real reform'

Prince Faisal said he would meet Lebanon's new leadership to gauge potential for Saudi investment and noted that Trump's reelection lessened the prospect of war in the region

Mawlawi Amir Khan Muttaqi visited Abu Dhabi and met with Emirati Foreign Minister Sheikh Abdullah bin Zayed on Jan 8.

Analysis

By hosting Taliban FM, UAE seeks to expand influence in Afghanistan

Abu Dhabi plans to invest up to $400 million in Afghanistan and upgrade the Central Asian country's consulate in Dubai.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Iraqi Prime Minister Mohammed Shia al-Sudani (R) and Iranian President Masoud Pezeshkian in Tehran on Jan. 8, 2024.

Khamenei pushes for US withdrawal from Iraq in meeting with Sudani

Prime Minister Mohammed Shia al-Sudani’s trip to Tehran is his first since the ouster of Syrian President Bashar al-Assad and comes ahead of Donald Trump’s return to the White House.

A military corvette in the port of Malaga, Spain, March 4, 2020.

Analysis

With Saudi and UAE deals, Spain's defense industry seizes Gulf expansion

This partnership reflects a broader trend of strategic alignment between Gulf states’ economic and security objectives and Spain’s technological expertise especially in the naval sector.

Francesco Schiavi

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Hadath

Syrian delegation visits Saudi Arabia in first post-Assad trip: What we know

Syrian Foreign Minister Al-Shaibani is on his first foreign visit to Riyadh less than a month since Bashar al-Assad's fall, received by senior Saudi officials including the foreign and defense ministers.

A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022.

Analysis

Middle East IPOs shine in 2024 but face new challenges

Middle East IPOs hauled in over $13 billion in 2024, and the region also produced three of the year’s 10 largest listings worldwide.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

OMAR HAJ KADOUR/AFP via Getty Images

Analysis

From BRICS to dwindling oil revenues, 2024 was mixed year for Gulf

The ongoing conflict in Gaza, big international investment deals, low oil revenue and increased curtailing of democratic rights dominated Gulf politics and economy in 2024

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Traffic flows on a main road past electricity transmission towers in Tehran, on Dec. 16, 2024.

Iran's energy crisis shuts 80 power plants as rial plummets: What to know

Amid freezing temperatures and increased demand for heat, Iran is facing an acute energy crisis that has all but shut down the country.

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin meets with Iran's President Masoud Pezeshkian on the sidelines of an international forum "Interrelation of times and civilizations - basis of peace and development" dedicated to the 300th anniversary of poet Magtymguly Fragi's birthday in Ashgabat on October 11, 2024. (Photo by Alexander SHCHERBAK / POOL / AFP) (Photo by ALEXANDER SHCHERBAK/POOL/AFP via Getty Images)

India-Europe corridor, trade top Russian delegation talks in Iran: What we know

The visit occurs at a pivotal moment for the evolving partnership and the challenges it faces under international sanctions and scrutiny, coupled with regional dynamics that have seen both sides in graver need of one another.

FADEL SENNA/AFP via Getty Images

UAE Middle East's most economically competitive country in 2024: IMD

In the IMD World Competitiveness Yearbook 2024, the UAE climbed three places to seventh in the world, out of 67 countries. Saudi Arabia ranked at 16th, Bahrain at 21st, Kuwait at 37th, Jordan at 48th and Turkey at 53rd.

United Arab Emirates