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United Arab Emirates

June 18, 2026

Abu Dhabi 2:02 am

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A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

Brent crude prices briefly jumped back above $80 per barrel on Wednesday as traders digested conflicting signals about efforts to end the war and reopen Hormuz.

Veiled women in black Chadors wave Iran and Hezbollah flags during commemoration at the Iranian embassy in Beirut, Lebanon, on April 22, 2026.

Gulf cautiously welcomes US-Iran deal as Hezbollah congratulates Tehran

Arab and regional countries welcomed the deal to end the war between Iran and the United States.

Latest News

Analysis

Gulf aluminum pursues global deals as Hormuz crisis accelerates shift

Aluminum from Dubai sits in the BMW Landshut factory on Oct. 25, 2024 in Ergolding, Germany.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping

Vessels are seen anchored in the Strait of Hormuz, off the port city of Khasab on Oman's northern Musandam Peninsula, on May 17, 2026.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

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

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

Motorists drive along a flooded street following heavy rains in Dubai early on April 17, 2024.

Record rainfall forces Gulf cities to rethink climate change

A climate change monitor estimates that global warming made the Gulf deluge 10-40% more intense than it would have been in the pre-industrial era.

United Arab Emirates

A picture taken on January 23, 2022, shows the skyline of the Emirate of Dubai with Burj Al Arab (C) and Burj Khalifa (background-L). (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires

The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report.

United Arab Emirates

People salvage belongings after heavy flooding due to record rains in Dubai, April 19, 2024.

UAE’s non-oil revenues hit by April floods, but quick recovery expected

The seasonally adjusted S&P Global UAE Purchasing Managers’ Index fell to 55.3 points in April, still indicating growth, but had been at 56.9 the previous month.

United Arab Emirates

This picture taken December 12, 2019 shows a man monitoring the board at the Stock Exchange Market (Tadawul) bourse in Riyadh. - Energy giant Saudi Aramco's market value soared above $2 trillion as its share price surged again on its second day of trading. The valuation milestone was sought by Saudi Crown Prince Mohammed bin Salman when he first floated the idea of selling up to five percent of Aramco, the world's largest oil firm, about four years ago. Aramco shares jumped another 9.7 percent to 38.60 riya

Mideast passes stress test as Iran-Israel trade blows, but economic challenges remain

Telegraph

UAE-backed RedBird IMI pulls out of Telegraph deal, will sell UK newspaper

RedBird IMI effectively took control of Telegraph Media Group in December, when it repaid the owner family’s debts, including a $753 million loan against the media outlets.

United Arab Emirates

Finalization of a historic Comprehensive Economic Partnership Agreement (CEPA) between Ukraine and the UAE.

UAE, Ukraine conclude trade deal talks, Emirates to help post-war reconstruction

Ukraine’s bilateral trade has sharply fallen since Russia invaded the country in February 2022.

United Arab Emirates

DUBAI, UNITED ARAB EMIRATES - APRIL 02: The many pylons that provide power to Dubai are seen in the desert on April 2, 2007 in Dubai, United Arab Emirates. Commerce and Industry is currently thriving in Dubai and Indian and Pakistani expatriot workers are the backbone of the workforce, sending money back to their families at home. (Photo by Chris Jackson/Getty Images)

Gulf telcos flexing investment might amid drive to become global brands

Samuel Wendel

In Washington, DC, reporting on regional business and tech

View of an oil field at a base near Bentiu, South Sudan.

UAE company agreed to loan $13B to South Sudan in exchange for oil

A $13 billion loan to South Sudan, funded by Hamad Bin Khalifa Department of Projects, marks the largest-ever cash deal for the country.

United Arab Emirates

An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held on October 05, in Vienna, Austria. - The OPEC+ oil cartel will meet in Vienna for the first time since Covid curbs were introduced in 2020. The face-to-face meeting of the 13 OPEC members led by Saudi Arabia and its 10 allied members headed by Russia will be the first in the Austrian capital si

Can OPEC survive the energy transition?

Kate Dourian

In Dubai, reporting on energy

A man walks past a stranded car on a flooded street in Dubai following heavy rains on April 18, 2024.

Dubai's record rainfall spotlights Gulf’s troubled relation with water

The Gulf’s longterm love–hate relationship with water lies behind a year and a half's worth of rain that fell on Dubai in 24 hours. It includes climate change-induced shifting rainfall patterns, groundwater extractions and unsustainable consumption.

United Arab Emirates

(L to R) Turkey's Transport Minister Abdulkadir Uraloglu, UAE's Energy Minister Suhail Mohamed al-Mazrouei, Turkey's President Recep Tayyip Erdogan, Iraq's Prime Minister Mohammed Shia al-Sudani, Qatar's Minister of Transport Jassim bin Saif bin Ahmed al-Sulaiti, and Iraq's Transport Minister Razzaq Muhaibas al-Saadawi applaud during their meeting for the signing of the "Development Road" framework agreement on security, economy, and development in Baghdad on April 22, 2024. (Photo by Thaier Al-Sudani / POO

Breaking | Last Updated: June 3, 2024, 12:42 pm

Turkey, Iraq, UAE, Qatar ink $20B transportation deal during Erdogan visit

The Turkish president’s visit heralds a new chapter between the two neighbors after more than a decade of turbulent ties.

Nuclear energy ambitions near inflection point in the Middle East

Samuel Wendel

In Washington, DC, reporting on regional business and tech