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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

European Commission president Ursula Von der Leyen and Egypt president Abdel Fattah el-Sisi pictured during a diplomatic meeting on Sunday 17 March 2024 in Cairo, Egypt. The Belgian Prime Minister is on a 3-day visit to Jordan, Qatar and Egypt. BELGA PHOTO DIRK WAEM (Photo by DIRK WAEM / BELGA MAG / Belga via AFP) (Photo by DIRK WAEM/BELGA MAG/AFP via Getty Images)

Analysis

Beyond migration, what does EU's $8bn package mean for Egypt?

The 27-member bloc's 7.4 billion euros in funding in the North African country will be disbursed over the next three years and cover economic and trade relations, energy and immigration.

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

A view of refinery No. 2 (Phases 2, 3) of the South Pars Gas-Condensate field in Asalouyeh Seaport, north of the Persian Gulf in Iran.

What’s behind Iran’s $13B investment in domestic oil industry?

Iran’s oil exports are on the rise, particularly to China, though the country faces challenges in maintaining its oil production levels.

This picture taken on Sept. 30, 2020, shows logos of social-networking websites displayed on a mobile phone's screen in Istanbul.

Turkey hands Meta $148K daily fine over antitrust violation

Turkey’s competition watchdog also imposed an interim measure to suspend data-sharing between Instagram and Threads.

The Ameca humanoid robot greets visitors at Dubai's Museum of the Future, on October 11, 2022. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Gulf players chase data center demand as AI race heats up

Samuel Wendel

In Washington, DC, reporting on regional business and tech

BRENDAN SMIALOWSKI/AFP via Getty Images

Delta resumes Israel flights as Ryanair, American hold off

Several international airlines have resumed flights to Tel Aviv in recent weeks, though major carriers like American Airlines and Turkish Airlines have not.

UK Turk

Turkey, UK to begin trade deal talks in June

The official talks, set to begin on June 10, were announced following a Thursday meeting between the countries’ trade ministers in London.

A passenger walks along the platform of the Rakosrendezo railway station, site of a controversial redevelopment by the UAE, Budapest, Jan. 12, 2024.

Hungary signs $5.5B deal with UAE firm to develop Budapest neighborhood

The new project around the Rakosrendezo freight train station is expected to bring the futuristic, high-rise style of Dubai and other Emirates to the Hungarian capital.

United Arab Emirates

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 Aug. 29, 2022.

Israel’s NewMed Energy says UAE deal suspended amid Gaza 'uncertainty'

Israel-UAE relations have been negatively impacted by the war but still remain intact.

AMIR MAKAR/AFP via Getty Images

EU readies $8B aid package for Egypt to help economy, stem immigration

European Commission President Ursula von der Leyen is set to travel to Cairo Sunday with the Belgian, Italian and Greek prime ministers to complete and announce the aid agreement for Egypt.

BULENT KILIC/AFP via Getty Images

Turkey doubles down on coal despite European efforts to decarbonize

Turkey has been importing around three quarters of its coal from Russia as prices have fallen since the Ukraine war began in Feb. 2022.

President and CEO of Saudi Aramco Amin Nasser speaks during a press conference in the eastern region of Dhahran, Saudi Arabia, Nov. 3, 2019.

Saudi Aramco turns to China for future oil demand as profits fall 25%

China is the biggest customer for Saudi crude but is also crucial in Aramco’s ambitions to convert 4 million bpd of its oil production into petrochemicals by 2035.

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.