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Economy & Business

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.

BAY ISMOYO / AFP via Getty Images

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

At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa.

Latest News

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

Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt

A man walks past a screen displaying stock indices at the Dubai Financial Market stock exchange in Dubai, March 4, 2026.

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

This picture taken on Aug. 25, 2022 shows the France flag and Algeria flag ahead of the arrival of French President in Algiers for an official visit.

Analysis

What lessons can France draw from Algeria-Spain trade reset?

Algeria’s central bank has ordered the unfreezing of trade with Spain after nearly two and half years of economic retaliation in return for Madrid endorsing Morocco's autonomy plan for Western Sahara.

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

Heineken

Heineken to draft in Gulf’s first large-scale brewery in Dubai

The Dubai-based brewery will begin construction in late 2025 and has secured all necessary permits, Heineken said in a statement.

United Arab Emirates

Sultan Al Jaber

ADNOC launches $80B low carbon energy company XRG: What we know

XRG, which will operate separately to ADNOC, is expected to double its asset value over the next decade.

United Arab Emirates

A teller counts US dollar bills at an exchange office, Ankara, Turkey, July 20, 2023.

Turkey launches counterfeit US dollar probe as exchange offices halt trade

The Banking Association of Turkey said currency counting machines, counterfeit currency detection devices as well as ATMs were being updated against circulation of counterfeit banknotes.

A man climbs the ramp to enter the Boeing 777X demonstration aircraft at the 2021 Dubai Airshow in the Gulf emirate, on Nov. 14, 2021.

Emirates Airline 'frustrated' at aircraft shortage due to manufacturer delays

Executives at the Middle East’s largest airline have frequently expressed their dismay over delays and uncertainty around the delivery of the Boeing 777-9X jets.

United Arab Emirates

This picture taken on December 18, 2018 shows a view of electricity transmission towers in the Saudi capital Riyadh. (Photo by FAYEZ NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia's electricity sector to see significant transformation by 2030

Gerald Kepes

In Washington, DC, reporting on regional energy trends

A picture taken on Nov. 23, 2016, shows a phosphate rock production site at the Maaden Aluminium Factory in Ras Al-Khair Industrial area near Jubail City, 570 kms east of the Saudi capital Riyadh.

Saudi Arabia seeks mining deals with Chinese, Indian and Canadian firms in industry push

Companies from China and India announced billions of dollars' worth of investments in the Saudi mining sector, while Canadian companies could win contracts in the kingdom.

Turkey in talks for US sanctions waiver to pay for Russian gas

The United States introduced Ukraine war-related sanctions last week against 118 individuals and entities tied to Russia’s financial sector, including Gazprombank, the country’s largest lender yet to be designated by Washington.

Barclays

Barclays fined $50M for failing to disclose 2008 Qatari funding

The UK-headquartered bank will pay a fine of 40 million pounds to British regulators for failing to disclose information of its rescue by Qatar during the 2008 financial crisis.

An aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power plant, some 20 kilometers (12.5 miles) outside the town of Ouarzazate, central Morocco, Feb. 4, 2016.

Five global firms shortlisted in Morocco's controversial Western Sahara energy plans

Construction on the multibillion-dollar energy project, based in Dakhla in the disputed territory, is scheduled for completion in 2029.

A man counts Turkish lira at a currency exchange office in Istanbul, July 29, 2020.

Turkey’s Central Bank holds interest rate at 50%

It marks the eighth consecutive month without a change.

Egyptian pound banknotes lie on a table on March 6, 2024, in Cairo, after Egypt's central bank announced it will allow the exchange rate to be set by the market.

Egypt to launch first IPO in three years amid IMF-fueled privatization drive

The move comes amid a privatization drive in Egypt as part of the International Monetary Fund’s conditions to provide Cairo with an $8 billion bailout to help the North African country recover from an economic crisis.