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Economy & Business

UAE President Sheikh Mohamed bin Zayed and Manchester City's Emirati owner and UAE Vice President Sheikh Mansour bin Zayed

Analysis

How Manchester City fallout tests Gulf’s global investment model

The Premier League’s historic financial misconduct ruling against the Emirati-owned club has sparked a media firestorm and experts say fallout could extend beyond the pitch to impact Gulf investment in sports and other industries.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport, Riyadh, Saudi Arabia, June 7, 2026.

Explainer

What Houthi airport attacks mean for Saudi Arabia’s aviation ambitions

The kingdom has spent recent years pouring billions into a new airline and airport infrastructure amid efforts to compete with established Gulf travel hubs.

Guests attend the 25th WPC Energy Congress, Riyadh, Saudi Arabia, Oct. 12, 2026.

Saudi Arabia outlines oil export plans amid escalating Houthi attacks

Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis.

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.

Latest News

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

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

Iraq devalues dinar 13% as Hormuz disruption hits oil revenue

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)

Explainer

Rubio says Iran ‘lost’ Hormuz. Has it?

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)

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.

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

This photograph taken on January 12, 2024, shows an oil refinery in the desert between Shubaytah and Shubaytah, of the Dakar rally 2024, in Saudi Arabia, on January 12, 2024. (Photo by PATRICK HERTZOG / AFP) (Photo by PATRICK HERTZOG/AFP via Getty Images)

What's behind Saudi Arabia's increase in crude oil prices for Asian market?

The kingdom wants to restrain oil production to keep demand up, but the increase in prices to Asian customers is more related to refining values, says one expert.

An aerial view shows the Central Business District (Ruwi) in the Omani capital Muscat on April 9, 2021. (Photo by Haitham AL-SHUKAIRI / AFP) (Photo by HAITHAM AL-SHUKAIRI/AFP via Getty Images)

Sovereign fund-led economy: Oman takes a page from Saudi Arabia

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

People salvage belongings after heavy flooding due to record rains in Dubai, April 19, 2024.

UAE’s non-oil revenues hit by April floods, but quick recovery expected

The seasonally adjusted S&P Global UAE Purchasing Managers’ Index fell to 55.3 points in April, still indicating growth, but had been at 56.9 the previous month.

United Arab Emirates

People walk at Kadikoy district in Istanbul on March 5, 2024. Turkey's annual inflation rose again in February, reaching 67.1 percent despite a string of interest rate hikes, official data showed on Monday. The Turkish central bank held its key interest rate at 45 percent last month, pausing after eight straight increases aimed at taming consumer prices that had remained stable at 64.9 percent in January.

Turkey’s annual inflation surges to almost 70% in April

April's inflation rate marks Turkey’s highest in the past 16 months, driven primarily by price increases in education, restaurants and hotels, and transportation.

A woman writes "complicit" and "boycott" on a Starbucks window.

Starbucks, McDonald's, KFC continue to feel effects of Gaza war boycotts

Starbucks on Tuesday lowered its expectations for full-year sales and profits after a disastrous quarter that saw a marked drop-off in customer traffic.

This picture taken December 12, 2019 shows a man monitoring the board at the Stock Exchange Market (Tadawul) bourse in Riyadh. - Energy giant Saudi Aramco's market value soared above $2 trillion as its share price surged again on its second day of trading. The valuation milestone was sought by Saudi Crown Prince Mohammed bin Salman when he first floated the idea of selling up to five percent of Aramco, the world's largest oil firm, about four years ago. Aramco shares jumped another 9.7 percent to 38.60 riya

Mideast passes stress test as Iran-Israel trade blows, but economic challenges remain

Telegraph

UAE-backed RedBird IMI pulls out of Telegraph deal, will sell UK newspaper

RedBird IMI effectively took control of Telegraph Media Group in December, when it repaid the owner family’s debts, including a $753 million loan against the media outlets.

United Arab Emirates

Finalization of a historic Comprehensive Economic Partnership Agreement (CEPA) between Ukraine and the UAE.

UAE, Ukraine conclude trade deal talks, Emirates to help post-war reconstruction

Ukraine’s bilateral trade has sharply fallen since Russia invaded the country in February 2022.

United Arab Emirates

The Maiden's Tower is pictured.

Turkey eyes ExxonMobil LNG as country reduces dependence on Russian gas

The long-term deal being discussed with the American energy giant would give Turkey up to 2.5 million metric tons of LNG a year, Turkey's energy minister said in an interview.

DUBAI, UNITED ARAB EMIRATES - APRIL 02: The many pylons that provide power to Dubai are seen in the desert on April 2, 2007 in Dubai, United Arab Emirates. Commerce and Industry is currently thriving in Dubai and Indian and Pakistani expatriot workers are the backbone of the workforce, sending money back to their families at home. (Photo by Chris Jackson/Getty Images)

Gulf telcos flexing investment might amid drive to become global brands

Samuel Wendel

In Washington, DC, reporting on regional business and tech

View of an oil field at a base near Bentiu, South Sudan.

UAE company agreed to loan $13B to South Sudan in exchange for oil

A $13 billion loan to South Sudan, funded by Hamad Bin Khalifa Department of Projects, marks the largest-ever cash deal for the country.

United Arab Emirates

Dairy cows recline in a barn at the Havelland Ribbeck farm on March 22, 2024 near Nauen, Germany.

Algeria signs $3.5B deal with Qatari firm to develop world's largest dairy farm

A Qatari food giant announced a $3.5 billion agreement with the Algerian Ministry of Agriculture and Rural Development to develop the world’s largest integrated dairy farming and production project in the south of the African country.