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Economy & Business

A view of Dubai Marina in Dubai on March 3, 2026.

UAE’s cash request tests US ties as Iran war strains Gulf financial muscle

Amid growing economic fallout from the regional war, Abu Dhabi’s bombshell request for a war-time financial lifeline from the United States is less about cash and more about clout — for now.

United Arab Emirates

A liquefied natural gas (LNG) tanker is moored at a LNG berth in Kawasaki, Kanagawa, prefecture April 8, 2026.

IEA delivers grim gas supply forecast as oil notches 15% weekly rise

A wave of new LNG supplies will be delayed for at least two years due to war-related damage to Qatari energy infrastructure, according the International Energy Agency's latest market update.

A person walks past the closed Metropolitan Opera at Lincoln Center on Jan. 7, 2021, in New York City.

Why did the Met Opera lose its Saudi funding deal?

The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years.

Refueling trucks are seen at Southend Airport on April 17, 2026, in Southend, England.

Which airlines are cutting flights amid Hormuz fuel disruption?

European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies.

Latest News

How are Iran-linked tankers still moving through Hormuz blockade?

BAY ISMOYO / AFP via Getty Images

Analysis

Gulf energy deals face Iran war stress test as global expansion meets oil shock

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on Feb. 6, 2017.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Could UAE tap US currency swap line as Iran war strains Gulf economies?

Haruna Furuhashi /Getty Images

United Arab Emirates

EU to restore Syria cooperation pact ahead of May talks: What to know

Tobias SCHWARZ / AFP via Getty Images

Samuel Wendel

Senior Market Research Analyst

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

Matthew Stockman/Getty Images

Saudi private equity investment peaked at $4B in 2023 amid rising buyouts

The kingdom's deep-pocketed sovereign wealth fund was involved in the top three private equity transactions between 2019 and 2023.

HAITHAM AL-SHUKAIRI/AFP via Getty Images

Oman launches $5 billion 'Future Fund' in sign of economic progress

Oman’s economy is improving by some metrics as the Gulf state seeks to diversify.

Lebanon's Central Bank governor Riad Salameh gives an interview with AFP at his office in the capital, Beirut, on Dec. 20, 2021.

Switzerland reports violation by Lebanon’s Audi bank in Riad Salameh probe

The action by FINMA concerns connections around disgraced former Lebanese Central Bank governor Riad Salameh.

A picture taken on March 31, 2018 shows a Saudi man standing at the entrance of a tomb at Madain Saleh, a UNESCO World Heritage site, near Saudi Arabia's northwestern town of al-Ula. - Al-Ula, an area rich in archaeological remnants, is seen as a jewel in the crown of future Saudi attractions as the austere kingdom prepares to issue tourist visas for the first time -- opening up one of the last frontiers of global tourism. Saudi Crown Prince Mohammed bin Salman is set to sign a landmark agreement with Paris

Saudi tourism blitz accelerates as Riyadh hopes investors buy the hype

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Picture from the Web Summit 2024 in Qatar.

Middle East sees 23% drop in VC funding: Qatar, Bahrain, UAE hardest hit

Qatar saw VC investments tumble by 57% to 43 million QR ($11.81 million), eclipsed only by Bahrain with an 82% drop.

Graphic of a planned roller coaster, Extraordinary Shenron, at the Dragon Ball Z theme park.

What's behind Saudi Arabia's decision to host first-ever 'Dragon Ball' theme park

The announcement of the park based on the popular Japanese anime show follows the kingdom’s developments in video games and mixed martial arts.

A general view of processing facilities at the Tenke Fungurume Mine, one of the largest copper and cobalt mines and the subject of a dispute between Congolese authorities and the Chinese firm CMOC, southeastern Democratic Republic of Congo, on June 17, 2023.

UAE eyes Zambia mine as minerals race heats up against Saudi Arabia, China

Wealthy Gulf countries are racing against China, Europe and the United States for minerals critical to powering the global green transition.

United Arab Emirates

Turkey GCC trade ministers

GCC, Turkey launch talks on free trade agreement

According to the Turkish trade minister, the new free trade agreement will create one of the world’s largest free trade areas.

A teller holds Turkish lira banknotes at a currency exchange office in Istanbul, Aug. 13, 2018.

Breaking | Last Updated: March 21, 2024, 12:45 pm

In surprise move, Turkey’s Central Bank hikes interest rates to 50%

The move comes after the bank announced last month that it was pausing the hikes.

Guests attend the Global AI 2020 Summit in the Saudi capital, Riyadh, on Oct. 21, 2020.

With $40B fund, Saudi Arabia looks to become world leader in AI

The fund would make the Gulf state the world’s largest investor in AI and help the kingdom realize its Vision 2030 agenda to diversify the economy away from oil.

Saudi Mining and Industry Minister Bandar Al-Khorayef addresses the Future Mineral Forum in Riyadh on Jan. 10, 2024.

Saudi Arabia offers $182M package, other incentives for mining investors

The kingdom is prioritizing the lucrative sector as part of its ambitious Vision 2030 plan to diversify its economy away from a reliance on oil.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Gaza war tests East Med gas integration and national energy security

Gerald Kepes

In Washington, DC, reporting on regional energy trends