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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

Etihad Airways

Two Etihad Airways ads banned in UK over greenwashing claims

The Gulf carrier was accused of exaggerating climate claims by the British Advertising Standards Agency.

AHMAD GHARABLI/AFP via Getty Images

Middle East debt issuances nearly triple in Q1 2023 as Saudis take lead

In Q1 of 2023, Saudi Arabia was the leading debt issuer in the MENA region.

IVAN PISARENKO/AFP via Getty Images

China’s Sinopec acquires stake in Qatar gas project

Chinese energy firms are increasingly cooperating with their Qatari and Saudi counterparts as the People’s Republic makes further inroads into the region.

Algeria oil field

Sonatrach announces six new oil discoveries in Algeria

The state-owned oil company made several discoveries in the first quarter of this year.

A painted Turkish national flag is seen on the wall of a collapsed building, two months after a 7.8-magnitude jolt and its aftershocks wiped out swathes of Turkey's mountainous southeast, in Antakya on April 5, 2023. - Many of the survivors blamed the government and its stuttering response to Turkey's worst disaster of its modern era for a death toll that has now surpassed 50,000. But that fury is gradually giving way to a mixture of fatalism and reviving trust in the man this province gave three-fourths of

Turkey's industries see biggest decline since 2020 in quake aftermath

Production output fell by 8.2% annually in February, the same month the earthquakes wreaked havoc on the country, according to new data.

Analysis

Experts pour cold water on Tunisia BRICS ‘bid,’ as country rejects IMF

Experts say economic reforms and stronger anti-Western credentials are needed before the North African country could be seriously considered to join the five-member bloc.

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

ISTANBUL, TURKEY - OCTOBER 19: Turkey's drilling vessel Kanuni arrives for alterations at the Haydarpasa port on October 19, 2020 in Istanbul, Turkey. The vessel will undergo tower disassembly before heading to the Black Sea. Turkey's president Recep Tayyip Erdogan recently announced a further discovery of 85 billion cubic meters of natural gas in the Black Sea. (Photo by Chris McGrath/Getty Images)

Turkey's natural gas offers much needed energy options

The new development of gas from the Sakarya field in the Black Sea is a remarkable achievement for Turkey's national oil company.

Gerald Kepes

In Washington, DC, reporting on regional energy trends

A general view of the Emirates Golf Club and the Dubai skyline during a pro-am event prior to the Omega Dubai Desert Classic at Emirates Golf Club, Dubai, United Arab Emirates, Jan. 26, 2021.

Who is exempt from UAE’s upcoming corporate tax?

Government entities, investment funds and others will be exempt from the first-ever corporate tax that will soon take effect in the Emirates.

This picture taken on March 23, 2023 shows a view of Dubai's landmark Burj Khalifa skyscraper, the world's tallest building, on the first day of the Muslim holy fasting month of Ramadan. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Saudi, UAE banks rank highest valued in Middle East: Forbes

Gulf Cooperation Council (GCC) countries took 41 places, or 82%, of the list of the 50 highest-valued banks in the Middle East and North Africa.

A pedlar sells roasted corn cobs by the medieval Sultan al-Ghuri Complex (built in 1505) in the Azhar district of Egypt's capital Cairo on January 16, 2023. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Inflation hits 33.9% in Egypt as food prices surge

Egypt’s Central Bank continues to raise interest rates amid surging inflation, but past rate hikes have failed to alleviate the situation.

Kamil Alawadhi, IATA’s Regional Vice-President for Africa and Middle East.

Gulf's economic transformation will drive air traffic, IATA says

Kamil Al-Awadhi, the association's Middle East chief, said countries in the region have spurred air traffic by hosting global business, political and sporting events.

Saudi mining

Saudi Arabia will mine minerals, but can it extract maximum added value?

The kingdom wants to leverage its untapped mineral deposits to boost non-oil exports and incentivize local manufacturers to turn raw materials into high-value products.