United Arab Emirates
White House UAE financial lifeline raises bigger questions about booming Mideast economy post-war
Tourists and visitors walking around the Sheikh Zayed Grand Mosque the largest Mosque the United Arab Emirates, a key place of daily worship in Abu Dhabi, United Arab Emirates. There are 82 domes of seven different sizes and 4 minarets throughout, and has a large car park and a shopping mall underneath it. Andrew Aitchison […]
Read More
Bessent says ‘many’ U.S. allies have asked for currency swaps amid Iran war turbulence
U.S. Treasury Secretary Scott Bessent arrives to testify during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Chip Somodevilla | Getty Images Treasury Secretary Scott Bessent said on Wednesday that “many” oil-rich U.S. allies in the Persian […]
Read More
White House discussing currency swap line with United Arab Emirates
Key Points The White House is considering a financial lifeline to the United Arab Emirates as the U.S. war with Iran wreaks havoc on the Gulf state’s economy, a White House official told CNBC. Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration as […]
Read More
UK hopes to lure expats back from the UAE as war challenges Dubai’s appeal
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 […]
Read More
CNBC’s The China Connection newsletter: China ships more humanoid robots than the U.S. as investors diverge on AI bets
A staff member trains a humanoid robot to replicate human behavior at a training center in Hefei, Anhui province of China, on April 13, 2026. Vcg | Visual China Group | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot […]
Read More
Chinese robotaxi companies forge ahead with UAE expansion despite Iran war
Key Points At least three Chinese robotaxi companies are pushing ahead with their expansion into the Middle East. The UAE and China held a business cooperation forum in Beijing earlier this week. Chinese robotaxi companies have ramped up their global expansion plans in the last two years, making the most progress in the Middle East. […]
Read More
Gulf countries scramble to intercept missiles hours into U.S.-Iran ceasefire agreement
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 […]
Read More
AWS teams working around the clock to keep Middle East services up after drone strikes, CEO says
The Iran war poses ongoing challenges for cloud provider Amazon Web Services, its chief, Matt Garman, said on 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 […]
Read More
US and Iran receive peace proposal as Trump vows ‘hell’ if Strait stays shut
Smoke rises after explosions struck the northeastern, western, and central areas amid Israeli attacks in Tehran, Iran on April 1, 2026. Tolga Akbaba | Anadolu | Getty Images The United States and Iran received the framework of a plan to end hostilities, but Iran rejected immediately reopening the Strait of Hormuz, after President Donald Trump […]
Read More
OPEC+ debates making oil output hike amid Iran war paralysis, sources say
Jonathan Raa | Nurphoto | Getty Images OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise production due to the U.S.-Israeli war with Iran. The war has effectively shut the Strait of Hormuz […]
Read More