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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

An Emirates Airlines plane lands at Dubai International Airport in Dubai on Oct. 17, 2023.

Emirates Group posts record $2.7B half-year profit as Gulf travel recovers

Gulf airlines have largely recovered from the COVID-19 pandemic, though the war in Gaza could threaten tourism in the region.

Saudi Finance Minister

Saudi Arabia to sign more than $500M in deals with African countries

Saudi Investment Minister Khalid Al-Falih said the kingdom’s sovereign wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa.

Tourists and locals visit the Dubai Mall aquarium in downtown Dubai, January 2, 2019.

What the Gulf states new unified visa means for Saudi, UAE, other citizens

The new Schengen-like visa — allowing seamless travel between members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — will be introduced during 2024-25.

Excess hydrocarbons being burned off at the Nahr Bin Omar natural gas field, north of the southern Iraqi port of Basra, January 22, 2018.

Iraq and Turkmenistan make progress toward deal to transport gas via Iran

Iraq, currently dependent on Iran for gas and electricity, is seeking to develop its own gas supply as well as import gas from Turkmenistan.

Aniruddha Sharma, CEO and Chair of Carbon Clean.

Analysis

Inside ADNOC's and Carbon Clean's plan to capture CO2 on mass scale

The British company's new project with the UAE energy major is hoping to address those skeptical about the cost, efficacy and viability of carbon dioxide capture as a climate solution.

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

The 142-meter luxury yacht Nord, reportedly owned by Russian tycoon Alexei Mordashov, arrives in the far eastern city of Vladivostok on March 31, 2022.

UK sanctions UAE network accused of helping Russia make gold profits

The new sanctions announced by the UK Foreign Ministry target 29 individuals and companies operating in and supporting Russia’s gold, oil and strategic sectors.

United Arab Emirates

Smoke rises in northern Gaza during Israeli shelling

Israel-Hamas war pivotal moment for Abraham Accords 

Although there are some who believe the Accords could be a casualty of the war, unwinding them isn’t so simple.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

AFP via Getty Images

Saudi Arabia’s PIF in talks to inject $250M into Chinese car maker

The kingdom is looking to develop its electric vehicle market as its economy diversifies away from oil.

ADEM ALTAN/AFP via Getty Images

Turkey returns to dollar bond market as Erdogan shifts approach

The Turkish government has made several fiscal policy changes since the president's reelection in May in an effort to win back investors and address economic problems.

Saudi energy minister Prince Abdulaziz bin Salman

Oil prices rise after Saudi Arabia, Russia extend output cuts

The Kingdom has maintained its oil output cut of 1 million barrels per day since July in an attempt to stabilize the market and prop up prices amid weakened demand.

A Russian flag raised at the Russia Embassy in Washington, DC, April 15, 2021.

US sanctions UAE, Turkey, China firms for allegedly aiding Russia in Ukraine

The move targets the development of Russia’s defense and technology sectors and aims to weaken it in its war against Ukraine.

United Arab Emirates

One-hundred Turkish lira notes on display at a currency exchange in Kuwait City, August 12, 2018.

Turkey’s inflation slightly eases in October, remains above 60%

Following three months of increases, Turkey’s year-on-year inflation slightly eased last month.