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Economy & Business

Travelers queue to check in their luggage at the terminal at King Khalid International Airport in Riyadh, on March 10, 2026.

Riyadh airport issues travel alert as Yemen's Houthis claim fresh attack on Saudi Arabia

Hundreds of flights to and from the Saudi capital were canceled or delayed on Thursday, with passengers being urged to check with airlines before heading to the airport.

A man walks past a closed foreign exchange office in Baghdad on October 7, 2026. Iraq's central bank devalued the dinar currency against the dollar on October 7, with the country facing a deepening crisis brought on by the Middle East war. (Photo by AHMAD AL-RUBAYE / AFP via Getty Images)

Iraq devalues dinar 13% as Hormuz disruption hits oil revenue

The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320.

U.S. Secretary of State Marco Rubio speaks at the Pnyx hill, where ancient Athenians held democratic assemblies, with the ancient Parthenon temple atop the Acropolis seen in the background, in Athens on October 7, 2026. (Photo by Mark Schiefelbein / POOL / AFP via Getty Images)

Explainer

Rubio says Iran ‘lost’ Hormuz. Has it?

US Secretary of State Marco Rubio said Wednesday that Iran has “lost complete control” of the waterway, pointing to the recovery in Gulf oil exports in September.

Travelers consult the departures screens at the terminal at King Khalid International Airport in Riyadh, on March 10, 2026.

Flights continue in Saudi Arabia despite Houthi attacks, airspace threats

Overnight attacks on King Abdullah bin Abdulaziz International Airport in Jazan and Najran International Airport damaged facilities and wounded three people.

Latest News

UAE-Syria move ahead on $20 billion real estate mega-developments

A view of a traffic roundabout in central Latakia, Syria on June 12, 2025. The city's road network converges near the coast, forming one of the busiest urban intersections in the province. (Photo by Omar Albaw / Middle East Images via AFP) (Photo by OMAR ALBAW/Middle East Images/AFP via Getty Images)

Mideast oil exports surpass prewar levels despite pipeline, ship attacks

Vessels transit the Hormuz Strait off the coast of Iran's southern port city of Bandar Abbas on Sept. 7, 2026.

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

Analysis

Gulf oil exports are back, but how durable is recovery?

nyse

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

Turkey’s $20B fund crisis: Who profited, and who will pay?

Traders work at their desks on the floor of the Borsa Istanbul

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

A man walks past a mural depicting oil pumps and the Venezuelan flag, with portraits of Venezuelan independence leader Simon Bolivar (L) and former late President Hugo Chavez (R), in Caracas, Venezuela, on Sept. 3, 2026.

Analysis

Could Trump’s oil push in Venezuela upend OPEC’s energy order?

Washington’s growing role in controlling the Latin American country's crude riches could help reshape an energy order centered on OPEC as the Hormuz crisis pressures Gulf exports.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Ali Haj Suleiman/Getty Images

Syria destroys 42 bombs in chemical stockpile purge: What to know

The Organization for the Prohibition of Chemical Weapons has resumed its inspections in Syria and confirmed that at least 42 aerial bombs have been destroyed by Syrian authorities in the first such efforts since 2014.

GIUSEPPE CACACE/AFP via Getty Images

Starlink expands Middle East footprint with UAE launch: What to know

Starlink’s Emirati debut expands the range of connectivity options available and is a significant step in the country’s efforts to bolster its digital infrastructure.

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

A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on July 27, 2026.

Saudi oil exports hit nine-year low as tanker attacks threaten recovery

The country’s oil exports were around 3 million barrels per day in August.

Atta KENARE / AFP via Getty Images

Oil surges over 4% after US strikes Iranian mainland

The strikes were Washington’s first on mainland Iran in just over a month and followed Iranian attacks on ships in the Strait of Hormuz.

Ongoing construction work is pictured at a site in Marota City, a new mixed-use development project near the Umayyad Square in Damascus on July 22, 2026. Syria's new leaders, who inherited a dilapidated economy, are trying to attract capital without waiting for the full lifting of international sanctions. (Photo by LOUAI BESHARA / AFP via Getty Images)

UAE investment fuels Syria's postwar economic recovery with $7B property deal

The deal would see UAE-based Arada develop a major real estate project in Damascus.

JOSEPH EID/AFP via Getty Images

Analysis

UAE gauges new Lebanon deals amid Levant economic stabilization push

Beirut welcomed a high-level business delegation from the UAE in late August as Abu Dhabi pursues new regional economic engagement amid Iran's waning influence.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Misr

US Treasury targets Egyptian bank's UAE branches over Iran dealings

The Treasury Department said Banque Misr's UAE branches had processed over $1 billion for Iranian shadow banking networks.

Elizabeth Hagedorn

By Elizabeth Hagedorn

In Washington, DC, reporting on diplomacy, regional politics, human rights

Ali Saeedi/Getty Images

Oil prices fall after Iran steps up truce efforts, US says Hormuz mines cleared

Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said in an interview on Thursday that Iran was preparing a list of conditions for reopening the Strait of Hormuz.

UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi (L) and Lebanese Economy Minister Amr al-Bisat after signing a memorandum of understanding, Beirut, Aug. 27, 2026.

Lebanon, UAE ink deals, deepen economic ties on Emirati Beirut visit

An Emirati business delegation signed the agreements in Beirut and met with President Joseph Aoun, indicating the UAE's interest in deepening economic ties with Lebanon.

cards

Sharaa taps Visa as Syria reconnects to global finance: What to know

Visa and Mastercard announced Wednesday that their networks can now be used to make international card payments in Syria.