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Economy & Business

Cars drive past the gates of King Khalid International Airport in Riyadh on Sept. 19, 2026.

Riyadh’s skies remain unsettled after deadly Houthi strikes

Saudi authorities confirmed Friday that Thursday’s first attack struck airport facilities and the second hit a Saudia aircraft.

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.

Latest News

Flights continue in Saudi Arabia despite Houthi attacks, airspace threats

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

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?

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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

ATTA KENARE/AFP via Getty Images

India weighs options as US ends waiver for Iran’s Chabahar Port: What to know

India has been working to develop the strategically important Gulf port for close to a decade, but the move has been complicated by US sanctions on Iran.

GIUSEPPE CACACE/AFP via Getty Images

Trump’s tariffs push India closer to UAE as non-oil trade soars 34%

UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi says that the two countries are on track to reach $100 billion in non-oil trade by the end of the decade.

United Arab Emirates

The tallest solar power tower in the world at 260 meters is pictured at the concentrated solar thermal power Noor Energy 1 solar complex at Mohammed bin Rashid Al Maktoum Solar Park, about 50 kilometers south of Dubai, on July 19, 2025.

IEA report: Mideast electricity generation to rise 50% by 2035 as renewables expand

The International Energy Agency said that oil and gas remain the main sources of energy in the Middle East and North Africa, but noted the region’s rising investment in alternatives and renewable energy potential.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

DIMITAR DILKOFF/AFP via Getty Images

As EU tries to wean off Russian gas, pipeline imports via Turkey rise

The European Union is importing more Russian gas via Turkey despite efforts to end imports from Russia.

NIKITA BORISSOV/AFP via Getty Images

Russia’s energy minister in Iran to discuss stalled natural gas deal: What to know

Russia and Iran are strengthening their energy ties amid their growing international isolation.

The Public Investment Fund is present during the BNP Paribas Open at Indian Wells Tennis Garden on March 13, 2024, in Indian Wells, California.

Saudi Arabia's PIF buys $2B majority stake in entertainment giant MBC

The deal highlights the PIF’s continued expansion into the regional media and entertainment sector in accordance with Saudi Arabia's Vision 2030 agenda.

Tom Brady and head of Saudi Arabia’s General Entertainment Authority, Turki al-Sheikh, unveil the flag football tournament in Las Vegas on Sept. 17, 2025.

Saudi sports push targets NFL with flag football series featuring Tom Brady

The Public Investment Fund is not yet investing in the National Football League amid restrictions on state entities, but is eyeing flag football as the sport grows in the region.

ADNOC headquarters is pictured in this undated image, in Abu Dhabi.

ADNOC’s XRG abandons $18.7B takeover bid for Australia’s Santos

The consortium led by XRG made an $18.7 billion nonbinding indicative proposal in June to acquire Santos in an all-cash deal worth 8.89 Australian dollars ($5.76) per share.

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

Thomas B. Shea/Getty Images

Ben & Jerry's co-founder quits over Gaza battle with owner Unilever

Jerry Greenfield has resigned after 47 years with the company he founded, saying he could no longer “in good conscience” remain an employee of Ben & Jerry’s and that the company had been “silenced” by Unilever.

KHALED DESOUKI/AFP via Getty Images

Egypt's Suez Canal Economic Zone posts record $237M revenues

Suez Canal transit revenues declined 54% between July 2024 and March 2025, caused by reduced shipping traffic in the Red Sea amid attacks by Yemen's Houthi rebels on commercial vessels.

Google Pay, China’s Alipay+ launch in Saudi Arabia amid cashless push

Both payment platforms will use mada, the kingdom’s national payment system.

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

Serdar Ozsoy/Getty Images

Turkish markets, lira gain as Ankara delays ruling on opposition head's ouster

An Ankara court adjourned a case to October 24 to ouster the opposition CHP party's chairman, as part of a long-running political crackdown by the ruling AKP party.