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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

Container ships moving on Suez Canal.

Egypt’s Sisi: Suez Canal revenue down as much as 50% over Red Sea attacks

The decrease in revenue and traffic in the canal due to attacks by Yemen’s Houthi rebels is exacerbating Egypt’s foreign currency shortage and overall economic crisis.

Visitors attend the 'World Defense Show 2024', north of the Saudi capital Riyadh on February 4, 2024. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

South Korea seeks Gulf business boom with new advantages over rivals China, Japan

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Israeli navy ships maneuver at the military port of Ashdod, southern Israel, July 29, 2018.

Israel’s Ashdod port bounces back from Gaza war setback

Israel's Ashdod port is grappling with increased competition, threats from Yemen's Houthis and other regional challenges.

ADEM ALTAN/AFP via Getty Images

Turkey to play 'important role' in sukuk market despite paused UAE deal

Turkey has been looking to shore up financing to help it rebuild its economy after devastating twin earthquakes in 2023 killed more than 53,000 people and cost the country north of $50 billion.

An aerial view shows the Central Business District (Ruwi) in the Omani capital Muscat on April 9, 2021.

Analysis

Oman’s privatization plan poised to pump out more IPOs

Muscat has planned an IPO listing spree and divestment drive for 2024 with the goal of moving from frontier to emerging market status.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

This picture taken with a fish-eye lens on May 9, 2021 shows a view of the Dubai city skyline as seen from the Burj Khalifa, currently the world's tallest building at 828 meters.

Dubai mega-resort axes casino plans amid UAE gambling ambiguity

MGM Resorts International said its $2.5 billion mega-project in Dubai will not have a casino, though the United Arab Emirates could allow gambling in the not-so-distant future.

FABIAN BIMMER/AFP via Getty Images

Analysis

Germany to import Algerian gas, eyes long-term renewables partnership

Berlin needs to convince Algiers that green hydrogen production for export is technically feasible and economically viable.

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

The Crown Prince of Abu Dhabi General Sheikh Mohammed Bin Zayed Al Nahyan (L) walks with Indian Prime Minister Narendra Modi ahead of a meeting in New Delhi on January 25, 2017. The Crown Prince of Abu Dhabi General Sheikh Mohammed Bin Zayed Al Nahyan is on an official visit to India and will be the guest of honour at the country's forthcoming Republic Day celebrations. / AFP / Money SHARMA (Photo credit should read MONEY SHARMA/AFP via Getty Images)

How critical is UAE-India trade corridor in countering China & Red Sea tensions?

The agreement comes amid continuing Houthi attacks in the sea route that are disrupting global trade, and further indicates strengthening UAE-India relations.

Technicians produce "cultured chicken" meat at the food-tech startup SuperMeat in the central Israeli town of Ness Ziona on June 18, 2021. - It looks like chicken and tastes like chicken; but diners in Israel are tucking into laboratory-grown "meat" that scientists claim is an environmentally-friendly way to feed the world's growing population. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Recovery for ailing Israeli tech sector looks distant

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

ADNOC, BP form natural gas joint venture in Egypt

The British energy major said Wednesday it would contribute its interests in three development concessions and exploration agreements in Egypt to the joint venture.

Prince Abdulaziz 1

Saudi energy minister reveals why Aramco cut oil target by 1m bpd

In January, the world's biggest corporate crude producer said it would halt its oil expansion plan and set a minimum sustained production capacity of 12 million bpd, 1 million bpd below its target announced in 2020 to be reached in 2027.

Visitors stop at the Aramco exhibition section at the Misk Global Forum on innovation and technology held in the Saudi capital Riyadh on November 13, 2019. - The Misk non-profit foundation was established by Saudi Arabia's powerful crown prince, Mohammed bin Salman to empower Saudi youths through cultivating learning and leadership. (Photo by FAYEZ NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Aramco pivots investment plans as deals beckon in key Asian growth markets

Samuel Wendel

In Washington, DC, reporting on regional business and tech