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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

This photograph taken on March 24, 2023 in Geneva, shows a sign of Credit Suisse bank. - The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the size of the resulting megabank could cause domestic problems in Switzerland, the central bank admitted on March 23, 2023. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

Credit Suisse calamity could see Gulf investors shift priorities, avoid banking deals

Credit Suisse’s March meltdown continues to reverberate across the Gulf. Here's how it could impact regional investments going forward.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

In this illustration photo taken on July 18, 2022, Elon Musk's reply tweet to Parag Agrawal, CEO of Twitter.

Saudi firms face 6.7% higher Twitter verification fees than US

Syria, Sudan, Iran, the West Bank and Gaza Strip are not on the price list and appear to be unable to purchase this subscription.

This picture taken on August 23, 2022 shows a view of the exterior of the headquarters of the Bank of Israel, the country's central bank, in Kiryat Ben-Gurion in Jerusalem. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)

Bank of Israel raises interest rate again, warns about judicial fallout

The OECD is predicting GDP growth rate to slow in Israel this year, while the Bank of Israel has worked out different scenarios based on fallout from the judicial reform controversy.

Picture of crude oil storage tanks at the plant of Colombian petroleum company Ecopetrol in Acacias, Meta Department, south of Bogota on February 10, 2023. (Photo by Juan BARRETO / AFP) (Photo by JUAN BARRETO/AFP via Getty Images)

Oil prices rise by 5% after OPEC's surprise output cut decision

Brent Crude had its sharpest price increase in almost a year on Monday after reports that major oil producers will slash their output.

OPEC ministers

OPEC+ likely to maintain output in light of Kurdish oil dispute

Analysts say the OPEC+ alliance is unlikely to cut production and there could be be a oil glut in the second half of 2023.

A man looks at the exchange board at the Stock Exchange Market (Tadawul) bourse in Riyadh displaying Aramco shares on the second day of their trading on December 12, 2019.

Saudi's Aramco could list in Hong Kong as China relations warm

Aramco's latest deals in the Chinese market are fueling speculation that the Saudi giant could be set to list one of its subsidiary companies on the Hong Kong Stock Exchange (HKSE).

Israel technology

Report: Israel tech sector still among world’s strongest

Judicial fallout and layoffs have not hurt the industry's world standing, according to a report from Dealroom.co and Tel Aviv Tech.

A vendor sells traditional sweets at a market in the southern city of Sidon (Saida) on March 23, 2023 as Muslim devotees shop during the holy fasting month of Ramadan. (Photo by Mahmoud ZAYYAT / AFP) (Photo by MAHMOUD ZAYYAT/AFP via Getty Images)

Grueling Ramadan for Lebanon's Muslims as prices, dollarization bite

As all goods are priced in dollars this year, food prices have skyrocketed, making the holy month more burdensome for the Lebanese whose wages are limited while the value of the local currency continues to deteriorate.

An Egyptian girl takes part in wheat harvest in Bamha village near al-Ayyat town in Giza province, some 60Km south of the capital on May 17, 2022. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Egypt’s new grain security strategy put to test as Ukraine war enters second year

Egypt's new strategy to cope with major grain supply disruptions from the Ukraine war has worked well in its first year. But there are still challenges ahead.

Marc Español

A woman reacts as retired servicemen protest to demand inflation-adjustments to their pensions outside Lebanon's central bank headquarters in Beirut on March 30, 2023. (Photo by JOSEPH EID / AFP) (Photo by JOSEPH EID/AFP via Getty Images)

Lebanon on cusp of network blackout as dispute grows with telecom workers

The Lebanese government has threatened to take over the country’s state-run telecom company with the help of the army as workers continue to strike for a salary increase.

Russian President Vladimir Putin meets with United Arab Emirates President Sheikh Mohamed bin Zayed Al-Nahyan in Saint Petersburg on October 11, 2022. (Photo by Pavel Bednyakov / SPUTNIK / AFP) (Photo by PAVEL BEDNYAKOV/SPUTNIK/AFP via Getty Images)

UAE Central Bank revokes license of Russia's MTS Bank as sanctions tighten

The Central Bank of the UAE plans to close the Russian bank’s operations within six months from the date of the decision.

KARIM SAHIB/AFP via Getty Images

UAE, Qatar lead Middle East in 2023 global foreign investment ranking

The United Arab Emirates sat in the top position among MENA markets and ranked 4th globally.