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Economy & Business

TOPSHOT - Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. (Photo by AFP via Getty Images) /

Explainer

IMF projects Gulf rebound in 2027. Can energy production keep pace?

Restoring shipping access in the Strait of Hormuz is only part of the recovery, as Gulf producers also need to repair damaged infrastructure to avoid further disruption to production and exports.

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.

Latest News

Saudi Arabia outlines oil export plans amid escalating Houthi attacks

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

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)

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

The sun sets behind road lamps along a highway in El-Shorouk.

Egypt’s power cuts persist amid heat, declining natural gas production

Egypt wants to export more natural gas, including in cooperation with neighboring Israel, but domestic production is declining amid the government’s efforts to reduce consumption.

From Beijing to Chengdu, UAE’s ENOC establishes first China jet fuel network

The Dubai government-owned oil and gas company said the expansion will extend to strategic cities including Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu.

United Arab Emirates

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

International business development is next challenge for UAE's ADNOC

The Abu Dhabi National Oil Company (ADNOC) has a range of corporate objectives, including oil production growth, self-sufficiency in natural gas and a net zero emissions target by 2045.

Gerald Kepes

In Washington, DC, reporting on regional energy trends

A man stands in front of Argentina's Central Bank in Buenos Aires, on May 15, 2023.

Qatar loans Argentina $775 million to repay IMF

Qatar continues its practice of assisting financially strapped countries by providing a loan to Argentina, which is also planning to use the yuan to purchase Chinese imports.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE’s ADNOC buys stake in Azerbaijan gas field

The move follows a wind and solar energy deal between an Emirati firm and Azerbaijan.

AAMIR QURESHI/AFP via Getty Images

Arab moviegoers wait to see 'Barbie' as UAE, Saudi screenings loom

The summer box office hit is maintaining its delayed premier date of Aug. 31 in the UAE, Al-Monitor confirmed with Vox Cinemas.

United Arab Emirates

PUNIT PARANJPE/AFP via Getty Images

Turkey’s new economy team wins over foreign investors

Turkey’s economy czar and central bank chief have met with foreign investors amid a fresh push to draw foreign funds.

Turkish exchange

Foreign investors buy $179m in Turkey's stocks amid Erdogan's economic reset

Foreign investors bought $179 million in local equities last week, an eighth straight week of inflows, according to the latest data from the Turkish Central Bank.

Turkey inflation

Turkey’s annual inflation hits nearly 50% in July

The spike marks the end of an eight-month downtrend in annual consumer prices as Turkey grapples with one of its worst cost-of-living crises.

MAHMUD TURKIA/AFP via Getty Images

Eni ends 9-year force majeure status for Libyan gas exploration sites

Eni is Libya’s largest gas producer and domestic market supplier with an 80% share of national production.

A picture taken on Oct. 23, 2018, shows Lubna Olayan, CEO and Deputy Chairperson of Olayan Financing.

Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking

Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third.

ADRIAN DENNIS/AFP via Getty Images

Gulf investment in UK property expected to reach $3.2 B in 2024

Middle Eastern investors are capitalising on lower property valuations and those investors are likely to refinance when interest rates start falling, the Islamic bank said.