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Economy & Business

An attendee walks past signage displayed inside the venue for the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP via Getty Images)

Syria to rejoin Arab group at IMF, leaving Russian-led constituency

Syria will rejoin the Arab constituency at the International Monetary Fund beginning Nov. 1 and has applied for membership in the EBRD.

Russia's Ekaterina Alexandrova returns the ball to Kazakhstan's Elena Rybakina during their WTA Finals tennis tournament in Riyadh on November 5, 2025. (Photo by Fayez NURELDINE / AFP via Getty Images)

Explainer

From Six Kings Slam to FIFAe finals, Saudi Arabia's events derailed by war

Some of Saudi Arabia’s flagship events — across sectors including culture, entertainment and sports — have been canceled or postponed following deadly Houthi attacks over the weekend.

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.

Latest News

Explainer

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

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) /

Jeddah airport flights disrupted as Houthis escalate threats

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)

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.

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

Employees stand at the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project, in the United Arab Emirates' capital Abu Dhabi, during a visit by the French economy minister on January 31, 2023. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

UAE and Saudi Arabia to compete for top global ranking in green energy

Here's how the UAE and Saudi Arabia can become the world's top green energy providers.

Afshin Molavi

Coal miners move a wagon of coal at a small coal mine on Dec. 9, 2021, in Zonguldak, Turkey.

Turkey plans to expand renewable energy but sticks to coal, nuclear

Clean energy advocates say Turkey should speed up its shift to renewable sources not only out of environmental concerns, but also to reduce its costly reliance on imported energy.

The skyline of Riyadh, Saudi Arabia, March 28, 2014, is seen at night in this aerial photograph from a helicopter. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP via Getty Images)

Saudi Arabia’s ambitions loom large over UAE’s business expat community

Pro: Saudi Arabia is trying to pry multinationals away from the UAE's financial hubs, forcing business expats in the Gulf to make a difficult decision.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi traders work at a bank in Riyadh on March 19, 2008. Asian stocks soared today after a big bounce on Wall Street as the US Federal Reserve slashed interest rates in a bid to contain a spiraling financial crisis and risk of recession. (Photo credit should read HASSAN AMMAR/AFP via Getty Images)

Qatar stays put after US, Saudi Arabia, UAE raise interest rates

The Gulf central banks’ moves followed the US Federal Reserve raising its rates. Inflation increased in both Qatar and Saudi Arabia at the end of 2022.

A money changer counts notes at his shop in the Lebanese capital, Beirut, on Sept. 22, 2022.

Explainer: What is behind Lebanon's new exchange rate?

There are multiple exchange rates between the Lebanese pound and the US dollar, and the official rate being below the black market rate helps financial institutions pass on their losses to the public.

A flame from a Saudi Aramco oil installion known as "Pump 3" is seen in the desert near the oil-rich area of Khouris, 160 kms east of the Saudi capital Riyadh, on June 23, 2008. (Photo credit MARWAN NAAMANI/AFP via Getty Images)

Signaling US, OPEC+ agrees to keep oil production unchanged

Experts say the decision by Saudi Arabia, Russia and other major oil producers could be motivated by a desire to maintain calm with the United States.

Saudi Arabia's Minister of Energy Abdulaziz bin Salman looks on during a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria, on October 5, 2022. (Photo by VLADIMIR SIMICEK/AFP via Getty Images)

OPEC+ likely to maintain oil output at meeting, in gesture to US

While the OPEC+ group is expected to maintain oil production at its virtual meeting set for Feb. 1, global demand for oil is estimated to reach a record high in 2023.

Delegations attend the 46th ordinary session of the Council of Arab Central Banks and Monetary Authorities Governors, Jeddah, Saudi Arabia, Sept. 18, 2022.

Saudi GDP grows 8.7% in 2022 due to oil, non-oil growth

One credit-rating agency said Saudi Arabia’s GDP growth will slow down in 2023.

A picture take on Sept. 14, 2017 shows an Airbus A380 of Emirates landing at the tarmac at Dubai's International Airport.

Analysis

Gulf logistics ambitions skirt net-zero carbon emissions goals

The Gulf states are expanding their transportation networks and logistics hubs, which would seem to threaten their stated goals reducing carbon emissions.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

Stock market brokers work at the Egyptian Stock Market in the capital Cairo on January 6, 2013. A top International Monetary Fund official will visit Egypt on January 7, for talks likely to focus on the $4.8 billion loan agreement frozen last month because of political unrest in the country. AFP PHOTO / KHALED DESOUKI (Photo credit should read KHALED DESOUKI/AFP via Getty Images)

Pound devaluation, IMF deal send Egypt’s stock market soaring

PRO: Egypt's stock market has started 2023 as one of the world’s best-performing exchanges. Here's what it will take to maintain that momentum.

Marc Español

ANWAR AMRO/AFP via Getty Images

Qatar's energy giant cements Lebanon deal, substituting Russia

The Qatari firm officially took over the stake previously held by a Russian company.

KIRILL KUDRYAVTSEV/AFP via Getty Images

Iran, Russia sign bank messaging agreement to override SWIFT

Both countries are banned from the SWIFT financial messaging system due to US and European sanctions.