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Economy & Business

Flames burn at a facility belonging to Saudi oil giant Aramco south of Riyadh

Explainer

Aramco HQ attack exposes Saudi defense gaps, infrastructure vulnerabilities

The Iran-linked Yemeni militants struck at the heart of Saudi Arabia’s oil industry this week amid an expanding campaign against key infrastructure.

Abdulrahman Alfozan in an undated photo

Who is Abdulrahman Alfozan, Saudi national charged in bugging OpenAI meetings?

The Saudi national who was arrested for allegedly planting a covert listening device at OpenAI’s offices has extensive experience working at leading technology companies in the US and serves as a venture partner at a Saudi venture capital firm.

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.

Latest News

Analysis

How Manchester City fallout tests Gulf’s global investment model

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

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Explainer

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

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.

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.

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

Qatari men walk next to a Qatar Airways cargo airplane on the tarmac of Hamad International Airport near the capital Doha, as the first commercial flight to Saudi Arabia in three and a half years following a Gulf diplomatic thaw prepares to take off, on January 11, 2021. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

Qatar Airways struggles to rebound in China with post-COVID labor shortages

CEO Akbar Al Baker said that his airline was seeing a huge demand for travel post-pandemic but a “massive shortage” of capacity due to supply chain issues.

Chairman of the Indonesian People's Consultative Assembly Bambang Soesatyo (R) meets Iranian President Ebrahim Raisi (L) in Jakarta, on May 23, 2023, during Raisi two-day state visit to the most populous Muslim country.

Iran's Raisi visits Indonesia, announces agreement to ditch dollar

The Iranian government has signed a dozen agreements with Indonesia, pressing ahead with its pushback on sanctions that has also involved strategic deals with China, Russia and India.

KARIM JAAFAR/AFP via Getty Images

Qatar rolls out $275M market program in latest foreign investment push

The Qatar Investment Authority is setting up a market-making initiative to draw in more foreign investor interest and build up its capital markets.

A Lebanese anti-government protester hold a mask of Lebanon's Central Bank Governor Riad Salameh during a protest in front of the central bank headquarters in Beirut to protest against the economic policies of the bank on November 27, 2019. - Since September, debt-saddled Lebanon has had a liquidity crisis, with banks rationing the supply of dollars. As a result, the dollar exchange rate on the parallel market has topped 2,000 Lebanese pounds -- a spike from the pegged rate of 1,507. (Photo by JOSEPH EID /

Double trouble: Lebanon’s Salameh gets second arrest warrant from Germany

Riad Salameh is under increased scrutiny in Europe on suspicions of money laundering at a time Lebanon is grappling with a deteriorating financial and economic crisis.

Egypt bank

Egypt’s mounting debt raises doubts amid stalled reforms and inflows

High allocations and revenues tied to debt in the draft budget for the next fiscal year are causing concern at home and abroad.

This picture taken on Aug. 23, 2022, shows a view of the exterior of the headquarters of the Bank of Israel.

Israel raises interest rates to highest level since 2006

The Israeli economy was also affected by the government’s controversial judicial reform plans earlier in the year, though the situation may normalize following the reform’s pause.

LONDON, ENGLAND - MAY 21: Angelo Ogbonna of West Ham United battles for possession with Rodrigo Moreno of Leeds United during the Premier League match between West Ham United and Leeds United at London Stadium on May 21, 2023 in London, England. (Photo by Julian Finney/Getty Images)

Qatar’s Sheikh Jassim awaits Manchester United decision as West Ham rumors swirl

A report by El Pais linked the Qatari royal to the east London-based team.

Yemen water shortage

Entire UAE, Qatar, Bahrain populations vulnerable to extreme heat, study says

The UAE is particularly vulnerable, with more than 80% of its population exposed to extreme heat even after a 1.5 C (34.7 F) rise in global temperatures over pre-industrial levels.

Kemi Badenoch

UK business minister heads to Gulf to discuss GCC trade deal

Kemi Badenoch will meet her counterparts in Qatar, Saudi Arabia and the UAE as well as the new GCC secretary general in a five-day trip.

People attend the International E-Sport Gamers forum "Next World", in the Saudi capital Riyadh, on September 7, 2022. - Much like with Formula One and professional golf, Saudi Arabia, the world's biggest oil exporter has in recent years leveraged its immense wealth to assert itself on the eSports stage, hosting glitzy conferences and snapping up established tournament organisers. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia set to outpace Egypt, UAE in gaming market growth

Saudi Arabia is becoming an attractive investment destination for gaming and esports companies and, along with UAE and Egypt, is forecast to generate $3.1 billion in gaming revenue by 2025.

Matthew Gardell

Matthew Gardell

Saudi Arabia's Foreign Minister Faisal bin Farhan Al Saud (L) shakes hands with German Foreign Minister Annalena Baerbock.

Germany, Italy hold talks with Saudi Arabia, Qatar to strengthen energy ties

Italy is looking for capital from Saudi Arabia's Public Investment Fund for a new fund Rome is setting up to help domestic companies in strategically important sectors.

Morocco-EU

Morocco’s economy to benefit as EU drops it from money laundering list

The North African country was removed from the list of high-risk countries for money laundering and terrorism financing in a decision announced by the European Commission on Wednesday.