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Economy & Business

Men walk at a terminal at Saudi Arabia's King Abdulaziz International Airport in Jeddah on December 12, 2019. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Jeddah airport flights disrupted as Houthis escalate threats

Saudi Arabia’s busiest airport, Jeddah King Abdulaziz International Airport, saw widespread flight cancellations and delays on Tuesday.

UAE President Sheikh Mohamed bin Zayed and Manchester City's Emirati owner and UAE Vice President Sheikh Mansour bin Zayed

Analysis

How Manchester City fallout tests Gulf’s global investment model

The Premier League’s historic financial misconduct ruling against the Emirati-owned club has sparked a media firestorm and experts say fallout could extend beyond the pitch to impact Gulf investment in sports and other industries.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport, Riyadh, Saudi Arabia, June 7, 2026.

Explainer

What Houthi airport attacks mean for Saudi Arabia’s aviation ambitions

The kingdom has spent recent years pouring billions into a new airline and airport infrastructure amid efforts to compete with established Gulf travel hubs.

Guests attend the 25th WPC Energy Congress, Riyadh, Saudi Arabia, Oct. 12, 2026.

Saudi Arabia outlines oil export plans amid escalating Houthi attacks

Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis.

Latest News

Riyadh’s skies remain unsettled after deadly Houthi strikes

Cars drive past the gates of King Khalid International Airport in Riyadh on Sept. 19, 2026.

Riyadh airport issues travel alert as Yemen's Houthis claim fresh attack on Saudi Arabia

Travelers queue to check in their luggage at the terminal at King Khalid International Airport in Riyadh, on March 10, 2026.

Iraq devalues dinar 13% as Hormuz disruption hits oil revenue

A man walks past a closed foreign exchange office in Baghdad on October 7, 2026. Iraq's central bank devalued the dinar currency against the dollar on October 7, with the country facing a deepening crisis brought on by the Middle East war. (Photo by AHMAD AL-RUBAYE / AFP via Getty Images)

Explainer

Rubio says Iran ‘lost’ Hormuz. Has it?

U.S. Secretary of State Marco Rubio speaks at the Pnyx hill, where ancient Athenians held democratic assemblies, with the ancient Parthenon temple atop the Acropolis seen in the background, in Athens on October 7, 2026. (Photo by Mark Schiefelbein / POOL / AFP via Getty Images)

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Riyadh

Saudi Arabia's oil cuts weigh heavy on economy, GDP tanks by 4.5%

The kingdom's economy shrunk by the most since the COVID-19 pandemic in 2020 due to energy measures.

TABA, EGYPT: Beach resorts close to the Egyptian Taba Hilton (background-R) remain empty 11 October 2004, four days after three attacks targeted this well-known hotel in the Sinai peninsula next to the Israeli border and another two minor resorts, killing at least 32 people and causing the exodus of thousands of Israeli tourists from the area called the Egyptian Riviera. Israel's resort of Eilat, close to the border with Egypt, is set for a boom as thousands of Israelis who regularly holiday in Sinai look e

Tourism tipping point: Middle East travel boom delivering economic boost as Israel-Hamas war threatens recovery

The outbreak of fighting between Israel and Hamas in October 2023 has undercut a fledgling tourism rebound in the Holy Land after years of struggle.

Fans of Saudi Arabia pose with national flags on the stands ahead of the Qatar 2022 World Cup Group C football match between Saudi Arabia and Mexico at the Lusail Stadium in Lusail, north of Doha on Nov. 30, 2022.

Saudi Arabia set to host 2034 World Cup after Australia withdraws

The kingdom is heavily investing in soccer, golf, MMA and other sports across the world.

INDRANIL MUKHERJEE/AFP via Getty Images

Gaza war could double oil prices, threaten global food security

Washington-based multilateral lender World Bank compared the situation to the 1973 Arab oil embargo in its latest Commodities Market Outlook.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the northern coastal beach of Nasholim, Israel, Aug. 29, 2022.

Israel hands out gas concessions to BP, ENI as Gaza war drags on

Israel is determined to project a "business as usual" stance despite the conflict with Hamas claiming the lives of thousands of Israelis and Palestinians.

Saudi women

Saudi Arabia explores women’s buying power with 30% entering work force

To expand its own economy, Saudi Arabia is joining a global structural shift toward multiple-wage households as women move into more and more careers that used to be off-limits.

People sit in front of a currency exchange office on July 19, 2023 in Istanbul, Turkey.

Turkey ends unpopular bond scheme in latest fiscal policy change

Turkey’s fiscal policy has reversed since President Erdogan won reelection in May, most notably with regards to interest rates.

A teller holds Turkish lira banknotes at a currency exchange office, Istanbul, Aug. 13, 2018.

Turkey’s Central Bank hikes interest rates to 35%

The bank cited geopolitical risks for the move along with a larger than expected increase in inflation in the third quarter.

TOPSHOT - A picture taken from the southern Israeli city of Sderot on October 25, 2023, shows smoke ascending over the northern Gaza Strip following an Israeli strike, amid the ongoing battles between Israel and the Palestinian group Hamas. (Photo by RONALDO SCHEMIDT / AFP) (Photo by RONALDO SCHEMIDT/AFP via Getty Images)

Israel-Hamas war poised to inflame Middle East arms race, pressure security partnerships

As the Middle East descends into a new phase of conflict and confrontation, regional states look poised to significantly boost military spending and procurement.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Smotrich

Israel credit outlook lowered, budget to be amended amid Hamas war

Israel’s credit rating was in trouble before the war in Gaza due to the government’s controversial judicial reform plans, and the war is affecting the country's fiscal situation.

IAN TIMBERLAKE/AFP via Getty Images

Saudi Aramco, South Korea's Hyundai sign $2.4B contract to develop gas field

The contract was signed during South Korean President Yoon Suk Yeol’s visit to Saudi Arabia.

DANIEL LEAL/AFP via Getty Images

Bank of Israel leaves interest rates unchanged, citing Hamas war

Israel's central bank is concerned with the prospect of an extended war in the Gaza Strip and the depreciation of the shekel.