Banking and Finance

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UAE to freeze billions in Iranian assets following strikes

The UAE's move to freeze Iranian assets will hit Iran’s economy hard, as it is straining under high inflation, unrest and now a war.

United Arab Emirates

A cargo ship is pictured off the coast of Fujairah in the Strait of Hormuz, in the northern emirate, Feb. 25, 2026.

What US-Iran war means for oil prices, shipping and global markets

Oil surged and global markets slid after a US-Iran war disrupted shipping through the Strait of Hormuz, raising fears of prolonged energy supply shocks and wider economic fallout.

Prime Minister Muhammad Shehbaz Sharif is being received by Minister of State for Foreign Affairs of State of Qatar Muhammad bin Abdulaziz Al-Khulaifi at King Hammad International Airport, as he arrives in Qatar on two day official visit, on Feb. 23, 2026.

In Qatar, Pakistan’s Sharif seeks to bolster trade ties, woo foreign capital

The South Asian country is seeking to attract international investment as it recovers from a severe economic crisis.

Canadian Prime Minister Mark Carney speaks during a press conference after a Cabinet meeting to discuss both trade negotiations with the US and the situation in the Middle East, at the National Press Theatre in Ottawa, Ontario, Canada on July 30, 2025. Canada "intends" to recognize a Palestinian state at the UN General Assembly in September, Prime Minister Mark Carney said Wednesday, a dramatic policy shift he said was necessary to preserve hopes of a two-state solution. (Photo by Dave CHAN / AFP) (Photo by

Canada becomes latest Western country to lift Syria sanctions: What to know

Like the US, Canada had strained relations with Syria during the civil war but is now showing signs of engagement.

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Analysis

Egyptians in for another expensive Ramadan despite recovering economy

An Egyptian vendor fills dates for a customer at a market in Cairo's central Sayyida Zeinab district on Feb. 12, 2026, as Muslims prepare for the holy fasting month of Ramadan, which begins early next week.

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

Meet Fahad Al-Saif, PIF exec and Saudi Arabia's new investment minister

Fahad

Saudi Arabia names new investment minister as Vision 2030 funding lags

Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman looks on during a meeting with US President Donald Trump (not pictured) in the Oval Office of the White House in Washington, DC on November 18, 2025. Saudi Crown Prince Mohammed bin Salman arrived at the White House to fanfare and a jet flyover Tuesday, in his first visit to the United States since the 2018 murder of journalist Jamal Khashoggi. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Ima

Abu Dhabi merges ADQ into new wealth fund L'IMAD: What to know

This picture shows a view of the Abu Dhabi skyline on May 14, 2025. (Photo by FADEL SENNA / AFP) (Photo by FADEL SENNA/AFP via Getty Images)

United Arab Emirates

Art of digital currency.

UAE Central Bank approves first US dollar-backed stablecoin: What to know

The approval marks a milestone in the UAE’s development of digital currency infrastructure and positions USDU as the Gulf country’s first USD-denominated currency for digital assets.

United Arab Emirates

Men use their mobile phones while sitting at a coffee shop in Tehran, on Jan. 7, 2026.

Iran internet blackout estimated to cost $37M+ daily, crippling businesses and society

The ongoing digital disconnection is severely stalling commerce, draining millions of dollars daily and pushing many businesses toward collapse.

Security forces are seen during a pro-government rally on January 12, 2026, in Tehran, Iran.

Can Iran’s promised economic reforms quell unrest?

The Iranian government has made several economic pledges to protesters, though some carry risk of increasing inflation further.

The skyline of Riyadh, Saudi Arabia, on Oct. 31, 2023.

MidEast VC funding hits record $3.8B in 2025, driven by strong Gulf showing

Many emerging venture markets contracted in 2025, but the Middle East and North Africa bucked the trend.

The close-up of a phone tapping a POS at the coffee shop highlights the ease of contactless transactions.

Saudi Arabia, UAE accelerate cashless payment push in 2026: What to know

Dubai is targeting 90% cashless transactions by the end of 2026, while Saudi Arabia is now set to enforce an e-payments rule for domestic workers.

FAYEZ NURELDINE/AFP via Getty Images

Saudi Arabia to open stock markets to all foreign investors in February: What to know

The Saudi Capital Market Authority announced that it would remove restrictions that have historically limited foreign investors' access to the country’s Tadawul stock exchange.

Railroad tracks by a quarry at the Jubail Industrial City, north of Dammam, in Saudi Arabia's Eastern province, overlooking the Gulf, Dec. 11, 2019.

Saudi Arabia awards record number of mining licenses in Vision 2030 push

Riyadh estimates the country’s mineral resources to be worth $2.51 trillion.

Yasir Al-Rumayyan, head of the Public Investment Fund, Saudi Arabia's influential sovereign wealth fund, addresses the opening ceremony of the Future Investment Initiative, in Riyadh, on Oct. 28, 2025.

Gulf accounted for 43% of global sovereign wealth fund investment in 2025

Saudi Arabia's Public Investment Fund was the world's highest spending sovereign wealth fund in 2025, investing some $36.2 billion.

A picture taken from a station of Dubai's Palm Monorail shows traffic on a road in Palm Jumeirah on Aug. 28, 2025.

Feature

Cheap oil, tighter finances, wars constrained Mid East economies in 2025

Low oil prices, tighter financial conditions and elevated geopolitical risk hampered growth across much of the Middle East and North Africa this year.

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

Central Bank of the Islamic Republic of Iran Iranian 100 rial banknotes.

Analysis

Iran currency plunges to historic low amid factional blame game

As Iran's judiciary publicly rebukes the central bank over the rial's collapse, the currency crisis is no longer economic and is fast becoming a test of political accountability and regime stability.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Traffic moves on Sheikh Zayed Road in Dubai on March 24, 2025.

Analysis

Gulf finance hubs race to expand as hedge funds flock to Dubai, Abu Dhabi

The Gulf’s top financial hubs have posted another strong year in 2025, with the UAE spearheading a regional push to attract hedge funds, asset managers, crypto and fintech firms as regional neighbors target growth of their own.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

CASABLANCA, MOROCCO - AUGUST 20: In this handout image from Populous, digital renderings of the proposed Stade Hassan II stadium in Morocco, projected to be the largest football stadium in the world with 115,000 capacity are depicted on August 20, 2024 in Casablanca, Morocco. The stadium design is by Populous and Oulalou + Choi (Photo by Populous via Handout/Getty Images)

Morocco’s markets rise as World Cup spending fuels largest IPO in decades

Shares in SGTM jumped by 10% on Dec. 16 after the construction firm raised roughly $550 million from its IPO, underscoring demand in a market that has featured few new listings in recent years.