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Dr Sultan Al Jaber says the closure of the Strait of Hormuz risks the 'every day affordability for billions of people'. Photo: UAE Presidential Court

Dr Sultan Al Jaber accuses Iran of 'global economic extortion' in Strait of Hormuz

Consumers are paying increasingly high prices as ripple effects move towards West

Economy

Dubai businesses welcome Dh1bn lifeline to continue operating

UAE's 2PointZero seals $2.25 billion US deal as investments continue despite war

All roads from the war lead to higher prices and slower growth, IMF says

Aluminium prices to stay high after Iranian attacks on UAE and Bahrain plants

ADGM records 36% rise in assets under management as workforce grows 51% in 2025

Kuwaiti power and desalination plant hit in Iranian strike



Spotlight

  • The Apple II computer, seen in Paris in December 1981, is considered the company's first successful product. Getty Images
    Play

    Apple at 50: Company that shaped the world must now reinvent it

  • Supermarket bosses say they're willing to absorb the surging cost of diesel for now. Antonie Robertson / The National

    UAE supermarkets say they'll avoid passing 70% diesel price surge on to customers

  • April Fool's Day has become popular with brands for marketing pranks. Getty Images

    ColumnRead the room: This is not the year for April Fool's pranks

  • Poland's Robert Lewandowski, centre, during the World Cup play-off final against Sweden in Stockholm. EPA

    Robert Lewandowski and other missing stars at Fifa World Cup 2026

  • Researchers at NYUAD continue to collect data in an effort to understand the Sun and its effects on Earth. Photo: NYUAD

    Abu Dhabi scientists map magnetic waves deep inside the Sun

  • Monster Hunter Stories 3: Twisted Reflection builds on Capcom’s narrative-driven spin-off series. Photo: Capcom

    Myths and monsters abound in top 10 PlayStation 5 games released so far in 2026

  • Shida Bazyar's shortlisted novel was first published in German. Photo: Booker Prize Foundation

    Iranian novel The Nights Are Quiet in Tehran on International Booker shortlist

  • The war continues to impact aviation across the Gulf. Chris Whiteoak / The National

    Which flights are suspended or delayed at Dubai and Abu Dhabi airports?


More from this section

The threat of cyber attacks has risen in recent years. Reuters

Gulf consulting market steady as conflict shifts demand to cyber security

Companies keep projects in place while increasing spending on digital resilience

Economy

Business InsightHow much to save? It's more than you think

Money
The Thailand-flagged cargo ship Mayuree Naree was attacked in the Strait of Hormuz on March 11. Thailand will now be able to use the strait after negotiating with Iran. EPA

Thailand negotiates agreement with Iran to use Strait of Hormuz

Energy

S&P says Oman's fiscal health and strategic location to help against conflict

Economy
US President Donald Trump delivers remarks at the Future Investment Initiative (FII) Institute's summit at the Faena Forum in Miami Beach, Florida. Reuters
Play

Trump urges Saudi Arabia to join Abraham Accords after claiming he 'saved' Middle East

US

Mubadala CEO: UAE has been 'determined and agile' since Iran's attacks began

Economy

Oil stays elevated as Trump's Iran pause does little to calm $200 price fears

Markets

InterviewWhat the UAE’s mega-deal with Nvidia means for its AI sovereignty

Business

Iran war hangs over Saudi Arabia's FII summit in Miami

US



The sign outside the New York headquarters of Blackstone, which manages $1.3 trillion in assets. Bloomberg

Blackstone commits $250m for UAE payment platform in first investment during war

World's largest alternative asset manager says it sees 'significant opportunity to deploy capital at scale' in the Emirates

Economy

Mubadala and KKR to exit CoolIT in $4.75bn deal with 15 times return

Economy

Dubai lands its highest ranking among global financial hubs

Economy

Dr Al Jaber dedicates MEI leadership award to frontline workers

Economy

Business InsightsIran war fallout is no longer confined to states - it now runs through companies

Economy

Kuwait Petroleum Corporation CEO says Iran holding world economy hostage

Energy

How Philippines state of emergency shows vulnerability of net energy importers

Energy



Saudi Arabia hosted a special World Economic Forum meeting in 2024. Reuters

World Economic Forum postpones Saudi Arabia summit over regional conflict

Meeting will be rescheduled to ensure its 'full strategic impact'

Economy

UAE and Saudi Arabia chart new trade routes as Hormuz disruption grows

Economy

Gulf-US investments in focus at FII Miami as war tests appetites

Economy

Iran rebuffs US claims that it has oil stranded at sea

Energy

AnalysisHow Iran is deciding who can and who can't pass through the Strait of Hormuz

Energy

Syria approves $10.5bn budget for 2026 in push to accelerate recovery

Business

IMF expects Iran war to weigh on Gulf economic growth

Economy



Cargo ships remain stranded near the Strait of Hormuz amid the ongoing conflict. Reuters

AnalysisHow Iran is deciding who can and who can't pass through the Strait of Hormuz

With many countries reliant on the waterway, Tehran is leveraging its control to allow passage only for those deemed 'non-hostile'

Energy

Syria approves $10.5bn budget for 2026 in push to accelerate recovery

Business

IMF expects Iran war to weigh on Gulf economic growth

Economy

Markets fall as Iran war escalates and rising oil and gas prices stoke fears

Markets

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