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Economy & Business

An Iranian grocer sells pistachios imported from Iran at a Persian products shop in the Gulf emirate of Dubai on July 10, 2019. (Photo by Karim SAHIB / AFP) (Photo credit should read KARIM SAHIB/AFP via Getty Images)

Pistachios reach highest prices in eight years amid Iran war

Pistachio prices rose to around $4.57 a pound in March, their highest since 2018, according to data company Expana.

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.

Latest News

Which airlines are cutting flights amid Hormuz fuel disruption?

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

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

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

MBZ Sisi

Will UAE's $35B investment help Egypt recover from financial crisis?

The Gulf state has stepped in with a major deal that could throw an economic lifeline to President Abdel Fattah al-Sisi's government.

President and CEO of Saudi Aramco Amin Nasser (L) and Aramco's chairman Yasir al-Rumayyan attend a press conference in the eastern Saudi Arabian region of Dhahran on November 3, 2019. - Saudi Aramco confirmed it planned to list on the Riyadh stock exchange, describing it as a "significant milestone" in the history of the energy giant. (Photo by - / AFP) (Photo by -/AFP via Getty Images)

Saudi Arabia’s PIF poised for more bold investments as Vision 2030 squeezes war chest

Samuel Wendel

In Washington, DC, reporting on regional business and tech

The futuristic cityscape of Dubai with the Burj Khalifa, the world's tallest building.

What’s behind Dubai’s new 20% tax on foreign banks?

The UAE implemented its first-ever corporate tax last year in an effort to boost revenue amid the shift away from oil and gas.

Photo from LEAP 2024.

AI and cloud investments dominate Saudi Arabia's LEAP tech summit

Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub.

Shipping containers are stored at Berbera Port on Aug. 31, 2021. Dubai-based port operator DP World and the Government of Somaliland, opened a container terminal at Berbera Port in June 2021.

UAE-India ties grow as DP World secures $422M for Gujarat container terminal

Intiatives like the India-Middle East-Europe Economic Corridor have seen business deals flourishing between India and the United Arab Emirates.

United Arab Emirates

BEDMINSTER, NEW JERSEY - JULY 28: Former U.S. President Donald Trump and Yasir al-Rumayyan, head of the sovereign wealth fund of Saudi Arabia, look on from the second tee during the pro-am prior to the LIV Golf Invitational - Bedminster at Trump National Golf Club Bedminster on July 28, 2022 in Bedminster, New Jersey. (Photo by Cliff Hawkins/Getty Images)

What does Donald Trump's latest $200 million deal with Saudi Arabia entail?

The former president, who is now the presumptive nominee for the Republican Party, has long had significant business ties to Saudi Arabia via his properties and the LIV Golf league.

Visitors view a Bayraktar TB3 Armed Unmanned Aerial System on display at the UMEX Exhibition showcasing drones, robotics, and unmanned sytems at the Abu Dhabi National Exhibition Centre in Abu Dhabi on January 23, 2024. (Photo by Ryan LIM / AFP) (Photo by RYAN LIM/AFP via Getty Images)

Morocco turns to Turkey for weapons imports as Israel ties strain over Gaza

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

Egyptian pound banknotes sit on a table on March 6, 2024, in Cairo.

Egypt’s pound falls 60% amid currency float, $5B IMF deal

Egypt announced that it had expanded a previously $3 billion loan program with the International Monetary Fund after the decision to float the currency was made public.

JACK GUEZ/AFP via Getty Images

Could Etihad Airways become first Gulf airline to launch IPO?

The airline reported on Wednesday that it made a net profit for 2023 and 2022 after a string of substantial losses since 2016.

United Arab Emirates

Kevin Dietsch/Getty Images

Gulf Starbucks operator to lay off 2,000 amid Gaza boycotts

Starbucks’ business has been significantly impacted by the Gaza war, and has faced boycott calls from pro-Palestinian and pro-Israel groups recently.

Palestine protesters

Pro-Palestine protesters block UK arms fair sponsored by Israel’s Elbit Systems

Since 2015, Britain has licensed more than $602 million worth of military exports to Israel, including components for combat aircraft, missiles, tanks, technology, small arms and ammunition, according to the Campaign Against Arms Trade group.

ranian President Ebrahim Raisi (L) and Algerian President Abdelmadjid Tebboune (R).

Iran, Algeria to build closer energy, tourism ties

Europe is increasingly interested in Algeria as an alternative to Russia for gas supplies, while Iran is seeking to boost its own gas output amid continued US sanctions.