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Economy & Business

Fuel prices are displayed at a petrol station in Rabat

Explainer

Russian diesel heads to Morocco as supply crunch grips global markets

Gulf countries and Russia together accounted for almost 45% of global seaborne diesel and gasoil trade before the Iran war.

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.

Latest News

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

Abdulrahman Alfozan in an undated photo

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

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

Central bank

UAE laws clamp down on money laundering, terrorism financing

The Emirates recently sanctioned some financial institutions in the country.

United Arab Emirates

FAYEZ NURELDINE/AFP via Getty Images

ESG investments gain momentum in Middle East

Many Middle Eastern investors consider sustainable assets attractive from an ethical perspective, though some ambiguity clouds their economic benefits.

Saudi Aramco acquires lubricant giant Valvoline

Aramco has been investing in futuristic technology amid high oil prices and profits.

stock exchange

Foreign investment grows in Abu Dhabi stock exchange

The UAE has invested in several regional states this year.

United Arab Emirates

Austrian policemen guard the entrance of the Organization of the Petroleum Exporting Countries (OPEC) headquarters during the 176th meeting of the OPEC conference and the 6th meeting of the OPEC and non-OPEC countries on July 1, 2019 in Vienna, Austria. (Photo by JOE KLAMAR / AFP) (Photo by JOE KLAMAR/AFP via Getty Images)

OPEC+ faces critical decision on next moves

In Washington, DC, reporting on regional energy

A member of Iraq's Hashid Shaabi paramilitary force looks on while standing along a runway at the heavily damaged airport of the northern city of Mosul.

Iraq starts rebuilding Mosul airport

Determined to complete the delayed Mosul airport reconstruction project, Prime Minister Mustafa al-Kadhimi is granting the project special exceptions to shield it from corruption and complex administrative procedures.

GIUSEPPE CACACE/AFP via Getty Images

More gas discovered off coast of Abu Dhabi

The field, which is operated by Italy’s Eni, has yielded considerable natural gas to the UAE this year.

A farmer holds a handful of soil parched because of drought in Tunisia's east-central area of Kairouan.

Water crisis threatens millions with thirst in Tunisia

Tunisian President Kais Saied has called on the government to immediately address the water crisis in the country, where millions who rely on agriculture are facing the threat of thirst amid repeated water cuts and the disruption of work of the concerned institutions.

Total Energies

Abu Dhabi National Oil Company to increase footprint in Egypt

The oil firm’s move to buy half of TotalEnergies' stake in the country is the latest example of Emirati investment in Egypt.

Price tags are seen on a market shelf of fresh fruit and vegetables on May 05, 2022, in Istanbul, Turkey.

Turkey raises inflation forecasts

The Turkish lira is also again falling close to historically low levels against the US dollar.

A huge banner bearing portraits of Iran's supreme leader Ayatollah Ali Khamenei (L) and his predecessor, the founder of the Islamic republic, Ayatollah Ruhollah Khomeini (R), is seen on a building being constructed at phase 15 and 16 of South Pars gas field development in the southern Iranian port town of Asaluyeh on July 19, 2010 as a top official announced that global energy majors are welcome to help develop oil and gas projects in Iran despite new sanctions imposed on the Islamic republic. AFP PHOTO/ATT

Russian Gazprom's deal with Iran could prompt further cooperation

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Dubai skyline

UAE Central Bank announces more sanctions

The Emirates is seeking to improve its record on financial transparency after being implicated in money laundering and sanctions evasion controversies.