The United Arab Emirates announced Tuesday that it will exit OPEC on May 1, in a major blow to the cartel that coordinates production among many of the world’s largest oil producers. The UAE’s shock announcement comes after the Gulf state was the target of Iranian missile and drone attacks for weeks. Tehran’s blockade of…
France, Provence-Alpes-Cote d’Azur, French Riviera, Alpes-Maritimes, Principality of Monaco. Marco Bottigelli | Moment | Getty Images A million dollars isn’t what it used to be — especially in luxury real estate. According to the new Knight Frank Wealth Report, $1 million buys you only 16 square meters (or about 172 square feet) in Monaco, the…
City workers in the Business Bay financial district of Dubai, United Arab Emirates, on Wednesday, March 4, 2026. Walaa Alshaer| Bloomberg | Getty Images The U.K. government is trying to turn geopolitical upheaval into an opportunity, encouraging thousands of Britons to reconsider life in Dubai, as war in the region threatens the city’s reputation as…
Uber and WeRide are partnering to offer robotaxi service in Abu Dhabi. Courtesy Uber Technologies, Inc. BEIJING — At least three Chinese robotaxi companies are pressing ahead with expansion plans in the Middle East despite the ongoing Iran war. Ride-hailing company Didi plans to begin its first overseas robotaxi test in the United Arab Emirates…
TEL AVIV, ISRAEL – APRIL 08: An Iranian cluster munition is fired towards Tel Aviv and the surrounding area around 3 AM on April 08, 2026 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images News | Getty Images Many Middle Eastern countries reported incoming missiles and drones from Iran on Wednesday, triggering air defenses…
The Iran war poses ongoing challenges for cloud provider Amazon Web Services, its chief, Matt Garman, said Tuesday. The Amazon division said in early March that drone strikes had damaged its data centers in Bahrain and the United Arab Emirates. “It’s a really difficult situation, and we’re working incredibly hard,” Garman told CNBC’s Kate Rooney…
Jaque Silva | Nurphoto | Getty Images The office of U.S. tech giant Oracle in Dubai was damaged by falling debris, the city’s media office said on Sunday, as Iran continued to fire projectiles at targets around the Middle East in retaliation against U.S. and Israeli strikes. “Authorities confirm that they responded to a minor…
European defense tech startups are ramping up commercial discussions with Middle East governments since the Iran war, company execs told CNBC. Another CEO said interest from Gulf states was “skyrocketing” as they race to bolster measures to counter drone and missile attacks. Iran has targeted its neighbors since a joint U.S.-Israeli military operation began at…
U.S. President Donald Trump welcomes Saudi Crown Prince and Prime Minister Mohammed bin Salman during an arrival ceremony on the South Lawn of the White House in Washington, D.C., U.S., November 18, 2025. Kevin Lamarque | Reuters Gulf states issued a joint statement on Thursday condemning Iran’s “blatant” and “criminal” attacks against their energy infrastructure,…
Smoke rises after an Israeli strike in central Beirut’s Bachoura neighbourhood, following an escalation between Hezbollah and Israel, amid the U.S.-Israeli conflict with Iran, in Beirut, Lebanon, March 12, 2026. Claudia Greco | Reuters U.S. President Donald Trump on Wednesday warned that if Iran continued targeting Qatar’s energy facilities, America would “massively blow up the…
