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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

The first liveried Riyadh Air Boeing 787-9 Dreamliner is unveiled during a ceremony at the King Khaled International Airport in Riyadh, on June 12, 2023. (Photo by Rania SANJAR / AFP) (Photo by RANIA SANJAR/AFP via Getty Images)

Gulf airlines flex might as Riyadh Air fuels new competition

The Gulf’s Big Three carriers are flying high as profits and passengers return.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Oil pumpers

China’s Bomesc to build $220M Qatar offshore oil, gas facility for Italy’s Saipem

The Tianjin-based engineering, procurement and construction company will build the compression facility for an oil and gas field off the coast of northern Qatar for industrial machine manufacturer Servizi Energia Italia.

Chris McGrath/Getty Images

Breaking | Last Updated: September 21, 2023, 2:07 pm

Turkey’s Central Bank hikes interest rates to 30%

The bank cited higher-than-expected inflation rates and rising oil prices for the hike.

Gold bar wrapped in a financial newspaper.

Russia becomes UAE’s top gold supplier as Ukraine sanctions bite

The United Arab Emirates bought 96.4 tons of gold from Russia in 2022, making it Moscow's top gold importer.

United Arab Emirates

AIIB

China development financier AIIB opens first global office in UAE

Bank officials expect that the new Abu Dhabi location will help extend their reach to finance sustainable development projects.

United Arab Emirates

UAE trade minister

UAE eyes Serbia trade deal as CEPA blitz continues

Non-oil trade between the two countries reached $57.6 million in the first half of 2023, surpassing their entire non-oil trade value for the year 2020.

United Arab Emirates

TOPSHOT - This picture taken on February 6, 2023 shows a view of the Nasr Coke and Chemical industrial plant in Helwan, south of Egypt's capital. (Photo by Amir MAKAR / AFP) (Photo by AMIR MAKAR/AFP via Getty Images)

Egypt’s industrial sector to record modest growth despite government push

Egypt seeks to streamline and accelerate the development of local manufacturing to ultimately narrow its negative trade balance.

Marc Español

WANG ZHAO/AFP via Getty Images

China’s Alibaba to invest $2 billion in Turkey

The news follows economic changes in Turkey as well as improving ties between Turkey and China.

La Mer North marina is seen with the Burj Khalifa and the Dubai skyline seen in the background, United Arab Emirates, Feb. 1, 2020.

UAE revenue jumps 31.8% in 2022

The UAE Ministry of Finance reported a 6.1% increase in expenditure last year compared to 2021, which amounted to around $116.3 billion.

United Arab Emirates

Chris McGrath/Getty Images

Turkey’s central bank mulls giant interest rate hike up to 10% to fight inflation

Alarmed by resurging price increases, central bank officials reportedly believe that a rate hike of up to 10 percentage points is an inevitable part of monetary tightening to tackle inflation.

A man browses a phone while sitting next to a motorcycle along a street in Tehran on September 10, 2023. Iranian authorities have blocked popular social media networks, including Instagram and WhatsApp since mass protests erupted following the September 2022 death in police custody of 22-year-old Iranian Kurd Mahsa Amini. The restrictions come as millions of Iranians struggle to make ends meet, grappling with in an economic crisis marked by crippling Western sanctions, a galloping inflation, and sharp decli

Iran's economic woes persist a year on Mahsa Amini protests

Inflation and unemployment rates remain high, which could contribute to a renewed burst of demonstrations.

Turkish President Recep Tayyip Erdogan (R) and Chinese President Xi Jinping (L) inspect Chinese honour guards during a welcome ceremony outside the Great Hall of the People in Beijing on July 2, 2019. (Photo by WANG ZHAO / AFP) (Photo by WANG ZHAO/AFP via Getty Images)

Turkey, China near agreement on nuclear power plant

If built, the facility will likely be Turkey's third nuclear plant, with Russia currently constructing its first.