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Saudi Arabia

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OPEC+ members boost output as Trump tariffs bring down oil prices

The US president has been calling on Saudi Arabia and other top oil producers to boost production and bring down prices.

WASHINGTON, DC - APRIL 02: U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump announced additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)

How Trump's latest tariffs impact the Middle East

Gulf countries were relatively spared, with the US imposing only a 10% tariff, whereas other Middle Eastern nations are facing steeper trade penalties.

US President Donald Trump walks toward Marine One on the South Lawn of the White House, on March 28, 2025, in Washington.

After major arms sales, Trump to visit Saudi Arabia, UAE, Qatar: What to know

The president is urging Gulf countries to increase their investment in the US after a series of bilateral economic and defense deals in recent months.

The PwC Tower, or Libeskind Tower, Milan, March 12, 2021.

Analysis

Can Gulf states slash costly reliance on Western consultancies?

A one-year ban on PwC acquiring work in Saudi Arabia has highlighted the Gulf states' dependency on Western firms and the need to develop local consultancies and talent.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

In photos: Muslims celebrate Eid el-Fitr across the Middle East

Muslims perform the morning prayer around the Kaaba at the Grand Mosque in Saudi Arabia's holy city of Mecca, early on March 30, 2025.

Analysis

Turkey turmoil tests Gulf investors as crackdown fuels market unease

A protestor waves a Turkish flag in front of riot police during a rally in support of Istanbul's arrested mayor in Istanbul, March 24, 2025.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

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.

United Arab Emirates

Gulf markets dip after Trump announces 25% automotive tariffs

US President Donald Trump announces tariffs on auto imports in the Oval Office of the White House in Washington, on March 26, 2025.

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Francesco Schiavi

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

Jennifer Gnana

Gulf Correspondent

In Dubai, reporting on Gulf energy policy and politics

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

Digital generated image of abstract AI chat icons over digital surface.

AL-Monitor FutureVerse: AI superpowers clash

An exclusive sneak peek of an interview with a top Saudi tech diplomat who is helping shape the future of AI collaboration among emerging economies.

Saudi digital economy expert Deemah Al-Yahya speaks onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square, New York, Sept. 24, 2024.

Interview

As AI superpowers clash, Saudi tech diplomat pushes collaboration over competition

Deemah AlYahya

Secretary General, Digital Cooperation Organization

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Saudi Aramco CEO warns of 'painful awakening' as energy costs rise

Amin Nasser said that green energy would not replace oil as demand for crude continues to grow, especially from the Global South.

Ahmed Mater: Antenna (2021). (Courtesy of the artist and UCCA)

AL-Monitor Riyadh: Saudi artist Ahmed Mater brings exhibit to Shanghai

The retrospective of Ahmed Mater at Shanghai’s UCCA Center for Contemporary Art, staged in collaboration with the Ministry of Culture’s Visual Arts Commission.

Saudi Arabia's Crown Prince Mohammed Bin Salman walks to welcome France's President (not pictured) ahead of their meeting in Riyadh on December 2, 2024. French President Emmanuel Macron touched down in Riyadh, the capital of the oil-rich Gulf kingdom, where he was due to hold talks with de facto ruler Crown Prince Mohammed bin Salman later on December 2, an AFP journalist said. (Photo by Ludovic MARIN / POOL / AFP) (Photo by LUDOVIC MARIN/POOL/AFP via Getty Images)

Saudi Arabia's MBS throws support behind Arab plan, rejects displacement of Palestinians

Saudi affirmation of the Arab League plan would also see it stepping into a broader role in the development of Gaza vis-a-vis the commitment of funds, as Gulf states are seen as the primary financiers of reconstruction.

EU-GCC summit

Saudi PIF, Italy sign $3B export deal as ties grow under Meloni: What to know

The agreement will help the kingdom's many giga projects as well as Italian exporters.

Tadawul

Aramco to invest up to $58B in 2025 gas, renewables ventures, CEO says

Saudi Aramco is investing in an offshore gas field and new business areas such as lithium and blue ammonia, its CEO told stockholders.

Voladymyr Zelenskyy meets with President Mohammed bin Zayed Al Nahyan in Abu Dhabi, on Feb. 17, 2025.

Analysis

Amid US rift and Saudi rivalry, UAE offers Zelenskyy economic lifeline

Gulf countries find themselves in a difficult position as they navigate placating Trump, maintaining good relations with Russia, and engaging with Ukraine while also providing mediation and humanitarian aid.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Lebanon's President Joseph Aoun (L) is welcomed by Saudi Arabia's Crown Prince Mohammed bin Salman (R) upon his arrival in at al-Yamamah Palace in Riyadh, on March 3, 2025.

Lebanon’s Aoun in Saudi Arabia seeking army support, $3 billion grant

Saudi Arabia is pleased with recent political developments in Lebanon, said one expert, and the president wants the kingdom to bolster aid to the Lebanese army amid the implementation of the ceasefire between Israel and Hezbollah.

The PricewaterhouseCoopers offices are pictured on Oct. 2, 2018, in London, England.

Saudi Arabia's PIF bans PwC advisory, consulting services: What to know

Saudi Arabia's Public Investment Fund will stop granting consulting projects to PwC until February 2026, Bloomberg reported.

Courtesy of the Royal Commission for AlUla

AL-Monitor Riyadh: Lebanese artist Tarek Atoui’s art and sound in AlUla

This week we guide you through the bustling souqs of Riyadh and a new cultural hub in the Diplomatic Quarter.

Delegates arrive for the opening session of the United Nations Convention to Combat Desertification, UNCCD COP16, in the Saudi capital Riyadh on December 2, 2024. Saudi Arabia is hosting the COP16 UN conference on land degradation and desertification as the top oil exporter pitches itself as an environmental defender despite criticism of its role at climate talks. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia markets Middle East's first euro green bond: What to know

The kingdom, currently the world’s top oil exporter, looks to have half of its electricity powered by renewable energy by 2030.