Jack Dutton

United Kingdom

Chief Business Correspondent at Al-Monitor

Chief Business Correspondent at @almonitor. 📩: [email protected], DM for Signal. Ex-@newsweek, @thenationalnews and @airfinancenews. @jackvdutton.bsky.soc

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Articles

Cryptocurrency giant Binance opens trading access to Syria: What to know

2 weeks ago | al-monitor.com | Jack Dutton

Syrians will now be able to trade cryptocurrencies on the Binance trading platform, following the US decision last month to lift sanctions on the war-torn country. “Financial freedom should be for everyone,” Binance, the world’s largest cryptocurrency exchange, said in a statement announcing the decision on Thursday. "Syrian residents can now securely participate in the digital asset economy.
EU commission removes UAE, adds Lebanon and Algeria to money laundering list: What to know

2 weeks ago | al-monitor.com | Jack Dutton

The European Union has begun the process of removing the United Arab Emirates from its list of countries considered high risk for money laundering and terrorist financing. At the same time, the 27-member bloc has added Algeria and Lebanon to the list. The European Commission, the bloc’s executive arm, made the announcement in a statement on Tuesday. The changes will take effect unless EU member states or the European Parliament raise objections in the coming weeks, the EC said.
UK, partners sanction Israel’s Ben-Gvir, Smotrich for inciting violence against Palestinians

2 weeks ago | al-monitor.com | Jack Dutton

The United Kingdom, together with Australia, Canada, New Zealand, and Norway, have imposed sanctions on far-right Israeli ministers Itamar Ben-Gvir and Bezalel Smotrich, citing their repeated incitement of violence against Palestinians amid the Gaza war. The UK Foreign, Commonwealth and Development Office (FCDO) said Tuesday the measures, including asset freezes and travel bans, take effect immediately.
UAE’s Al Habtoor Group to send business delegation to Syria: What to know

2 weeks ago | al-monitor.com | Jack Dutton

Dubai-based conglomerate Al Habtoor Group is planning to invest in Syria as business opportunities open up with the lifting of economic sanctions on the wartorn country. Khalaf Ahmad Al Habtoor, the company’s founding chairman, said in a statement Monday that he will visit Syria in the coming days to explore investment and partnerships.
Turkey: $30M credit card scam hits tourists in coastal resort, 20 arrested

2 weeks ago | al-monitor.com | Jack Dutton

Nearly $30 million has been stolen from tourists in an elaborate credit card fraud scheme in the Turkish coastal resort of Kusadasi, leading to the arrest of 20 people, including the suspected mastermind, according to Turkish media. Turkish site T24 reported that at least 268 foreign tourists fell victim to the hoax, in which a criminal network used “smurfing” tactics: breaking down large amounts of money into smaller transactions, often under the reporting threshold, to evade detection by banks.
Trump confirms US-UAE deal for Gulf state to buy advanced AI microchips

1 month ago | al-monitor.com | Rosaleen Carroll |Jack Dutton |Beatrice Farhat

President Donald Trump announced Friday that the United States and the United Arab Emirates had reached an agreement to let Abu Dhabi buy advanced microchips from US companies to power artificial intelligence. It marks a significant move as the UAE looks to become an AI hub, but Washington has so far been cautious about allowing the Emirates to access the chips over fears the sensitive technology could be accessed by Chinese competitors.
Al-Monitor Business and Tech: Trump tariff pain in the Mideast: Short-lived or enduring?

2 months ago | al-monitor.com | Jack Dutton

Sign up here for Al-Monitor Business & Tech, a weekly newsletter on the latest business, tech and economy trends shaping the Middle East. Welcome back to Al-Monitor Business and Tech. This week, we follow the roller-coaster ride of global stock markets in the wake of President Donald Trump’s tariffs and subsequent 90-day pause after US Treasuries took a beating. We break down what it means for Middle Eastern economies and whether the economic damage is likely to be short-lived or more enduring.
Mideast airlines cancel flights as outage closes Heathrow Airport

Mar 21, 2025 | al-monitor.com | Jack Dutton

LONDON — The Middle East’s three biggest carriers — Emirates Airline, Etihad Airways and Qatar Airways — have canceled flights to and from London’s Heathrow Airport after it remained closed Friday due to a power outage caused by a fire at a nearby substation. Flights operated by EgyptAir, Gulf Air, Oman Air, Royal Air Maroc, Turkish Airlines and Saudia were also disrupted. At least 1,357 flights were scheduled from Heathrow Friday, according to aviation data platform Cirium.
UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm

Mar 4, 2025 | al-monitor.com | Jack Dutton

Abu Dhabi National Oil Company (ADNOC) and Austria’s OMV plan to merge their polyolefin businesses — and acquire another one — to create a $60 billion plastics firm. In a statement on Tuesday, ADNOC and OMV said they had agreed on terms to merge their Borouge and Borealis subsidiaries and acquire American polyethylene producer Nova Chemicals Corporation.
Turkish inflation dips under 40% in February to lowest in nearly 2 years

Mar 3, 2025 | al-monitor.com | Jack Dutton

Turkish annual inflation dropped below 40% in February, the lowest in almost two years, ahead of an expected interest rate cut by the central bank this week. Inflation slowed to 39.1% in February compared to the same month in 2024, according to data from state statistics agency TurkStat released Monday. Estimates had ranged between 39.5% and 40.3% after January’s inflation was 42.1%. Energy costs rose by 43.92% year-on-year in February, slightly more than January’s 43.05%.