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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

Getty Images

China's Nio electric vehicle maker gets $2.2 billion from UAE investment firm

Nio is seeking money from the Middle East due to its financial struggles.

Getty Images

BP, Equinor change oil shipment plans after Red Sea Houthi attacks

The Iran-backed rebels have said the attacks are in retaliation for the war in Gaza.

People wait at a gas station as fuel distribution across more than 70% of gas stations is disrupted, Tehran, Iran, Dec. 18, 2023.

Iran says ‘enemy conspiracy’ behind outage at 70% of gas stations

The Oil Ministry’s Shana news agency reported that operations will be running again as normal within “a few hours” and until then fuel is being distributed offline.

RIYADH, SAUDI ARABIA - OCTOBER 31: The Skyline of Riyadh is seen on October 31, 2023 in Riyadh, Saudi Arabia. Saudi Arabia is set to host the men's 2034 World Cup after Fifa confirmed it was the only bidder for the tournament. (Photo by Justin Setterfield/Getty Images)

Saudi Arabia’s multinational HQ deadline nears amid uncertainty for companies and Gulf competition

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A picture taken on November 23, 2016 shows smoke plumes rising behind a billboard at the Maaden Aluminium Factory in Ras Al-Khair Industrial area near Jubail City, 570 kms east of the Saudi capital Riyadh.

Middle East transparency on carbon emissions lags behind rest of world

Turkey and the UAE led the pack for most transparent countries in the region regarding greenhouse gas emissions.

United Arab Emirates

People wave Hezbollah and Iranian flags at a rally in Baalbek, Lebanon, May 13, 2022.

Britain hits Iran and its foreign proxies with fresh sanctions

The measures, coordinated with the United States, also target Iran's shipping sector and drone exports.

Pedestrians walk past a billboard announcing the World Bank Group and International Monetary Fund annual meetings, where the organizations looked to scale up and retool to pursue ambitious global climate goals, Washington, DC, Oct. 5, 2023.

World Bank ups Middle East climate financing to $10B by 2025

The global lender provided $6.3 billion in climate financing for the MENA region between 2021 and 2023, much of it focused on mitigation and adaptation.

COP28 conclusion

COP28: historic deal agreed for world to ‘transition away’ from fossil fuels

The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event.

United Arab Emirates

Saudi Arabia's Minister of Investment Khalid Al-Falih speaks on stage during the 2022 Concordia Annual Summit at the Sheraton Hotel, New York, Sept. 19, 2022.

China-Saudi Investment Conference begins in Beijing

China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil.

Bahrain's Investcorp buys 50% of Corsair's $4.8B infrastructure business

The new entity, Investcorp Corsair, will continue to grow with a particular focus on transportation, logistics and related subsectors, a statement from the two companies said.

A general view during the star-studded Sake Ceremony hosted by Nobu Matsuhisa and Meir Teper to inaugurate the grand opening of Nobu Dubai, at Atlantis The Palm, Dubai, United Arab Emirates, Jan. 20, 2023.

First commercial brewery to open in United Arab Emirates

Previously, the only way a vendor or business could sell beer in the UAE would be if it was manufactured overseas.

United Arab Emirates

South African golfer Charl Schwartzel plays a last shot on the 18th hole during the third and final day of the LIV Golf Invitational Series event at The Centurion Club in St Albans, north of London, on June 11, 2022.

Analysis

What does Jon Rahm’s move to Saudi-funded LIV Golf mean for PGA Tour merger?

The star golfer’s move could spur the PGA Tour to move faster in the merger talks with its Saudi-backed rival ahead of the Dec. 31 deadline.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change