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Economy & Business

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UAE steps in to support banks as war pressure builds: What to know

The United Arab Emirates' banks have seen their stocks plummet since the war erupted on Feb. 28.

United Arab Emirates

The city skyline is pictued in Dubai on March 11, 2026. The oil-rich Gulf has borne the brunt of Iran's attacks in response to US-Israeli strikes that sparked the Middle East war, with Tehran targeting US assets but also civilian infrastructure. (Photo by Giuseppe CACACE / AFP via Getty Images)

Analysis

Iran war tests Gulf dealmaking as foreign investors assess risks

A multibillion-dollar pipeline sale in Kuwait has emerged as one of the early signs that the Gulf’s dealmaking machine is taking a hit from the US-Israel-Iran war.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

The city skyline is pictured in Dubai on March 11, 2026.

Analysis

How long can markets hold their bet on Gulf resilience as war drags on?

A prolonged closure of the Strait of Hormuz and continued assaults on Gulf energy infrastructure are likely to lead to regionwide credit deterioration, experts say.

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

Latest News

Iran war hits Gulf aluminum exports, risking nearly 10% of global supplies

Aluminum ingots in the Aluminium Dunkerque plant of the American Industrial Partner group on Jan. 13, 2022, in Loon-Plage, near Dunkirk, France.

IEA's Asian members begin deploying emergency oil reserves

A fuel pump is seen while refuelling a car at a gas station on March 13, 2026 in Kobe, Japan. Japan will release oil reserves to address the rise in gasoline and other petroleum products prices starting next Monday, said Prime Minister Takaichi Sanae. The International Energy Agency (IEA) stated that its member countries agreed to release the largest volume of emergency oil reserves in its history, responding to the disruption in energy markets caused by the Middle East War. (Photo by Buddhika Weerasinghe/G

Analysis

How Russia stands to win, lose as Iran war squeezes Gulf oil exports

Lukoil

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

Alternative supply routes emerge as Iran war tests Gulf food security

Saudis shop for fresh products at a market in Riyadh on Feb. 18, 2026, on the first day of the holy fasting month of Ramadan in Saudi Arabia.

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

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

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

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Francisco Serrano

In Lisbon, reporting on North Africa business

Shipping containers are seen stacked on a ship at a sea port in Karachi on April 6, 2023. (Photo by Aamir QURESHI / AFP) (Photo by AAMIR QURESHI/AFP via Getty Images)

What does UAE's latest investment in Karachi Port mean for Pakistan?

The collaboration will give Pakistan a thriving container terminal that can attract investment and help revive the economy.

Wagner group

From UAE to Sudan: US targets Middle East entities for Wagner ties

The US has sanctioned entities operating in the UAE and Sudan for alleged connections to the notorious Russian mercenary group, which also has an extensive presence in the Middle East and North Africa.

United Arab Emirates

Matthias Hangst/Getty Images

Bayern Munich, Qatar Airways end sponsorship deal after fan pressure

Fans of the German soccer champions have long-criticized the deal over concerns of Qatar's alleged human rights violations.

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on February 6, 2017. - The head of energy giant Qatar Petroleum has shrugged off fears that any potential protectionist policies pursued by US President Donald Trump would impact on global oil and gas markets. Saad Al-Kaabi -- who heads state-owned QP, the largest exporter of Liquid Natural

Qatar dominates fragmented Middle East LNG growth amid global competition

Qatar LNG could be as much as 70% of MENA LNG exports by 2025, increasing thereafter.

Gerald Kepes

In Washington, DC, reporting on regional energy trends

OXCCU

British sustainable fuel startup eyes Middle Eastern market

OXCCU looks to lower the cost of sustainable aviation fuel to make it a more attractive option for airlines to buy instead of fossil fuels.

People are seen picking out sheep at a livestock market, in Tunis' Ariana region, ahead of the Muslim festival Eid al-Adha, amid an increase in livestock prices, June 21, 2023.

Eid's price tag: Tunisia’s inflation leaves sheep out of reach for many Muslims

With soaring prices, Tunisian families are struggling to afford the cherished tradition of buying a sheep for the Eid al-Adha holiday.

Saudi Arabia Deputy Crown Prince Mohammed bin Salman (2L) and Chinese President Xi Jinping (R).

Top Saudi officials travel to China to attend 'Summer Davos' as ties deepen

The kingdom’s economy minister and other top officials will participate in the so-called Summer Davos as China-Saudi ties continue to gain momentum.

China solar

How China dominated Iraq's solar energy market

As Iraq continues to struggle to provide electricity to its people, cheap Chinese technology is helping the country, as well as the Kurdistan region, move toward renewables while deepening Beijing's reach in the Middle East.

This photograph taken on June 21, 2023, shows an Airbus A321 XLR airplane.

Analysis

More Middle East aircraft orders expected after quiet Paris Air Show

The IBA industry consultancy firm had expected an order from Turkish Airlines, but the carrier delayed its plans at the last minute by two months.

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

People wait to exchange money at a currency exchange shop on June 23, 2023 in Istanbul, Turkey. The Turkish Lira weakened to a record low of 25.74 against the dollar, a day after the central bank hiked interest rates from 8.5 percent to 15 percent in the first rate decision since the appointment of new central bank governor Hafize Gaye Erkan and the re-election of President Recep Tayyip Erdogan last month. (Photo by Chris McGrath/Getty Images)

Turkey’s smaller-than-expected rate hike comes as relief for banks

Turkey’s new economic chiefs are scrambling to navigate a return to rational policies as the lira continues to tumble, threatening to stoke inflation.

DOHA, QATAR - DECEMBER 15: A man looks out over the Doha skyline on The Corniche during the FIFA World Cup Qatar 2022 on December 15, 2022 in Doha, Qatar. (Photo by Alex Pantling/Getty Images)

Doha, Dubai ranked world’s top two cities for competitive job markets

The United Arab Emirates was the only country to have two cities on the top 10 list with both Dubai and the country’s capital Abu Dhabi at fifth.

Libya cryptomining

Libyan police detain 50 Chinese nationals in crypto farm bust

Media from the Tripoli Attorney General Office’s Facebook page show a dingy-looking, windowless room full of hardware, wires and servers being raided by authorities.