Category: United Arab Emirates

Bessent Backs Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed

The New York Times – Business:
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
The Peace Rally Gets Derailed

The New York Times – Business:
Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.

The New York Times – Business:
High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.
Iran War Showcases Strength of South Korean Defense Sector

The New York Times – Business:
Missile interceptors made by the South Korean firm LIG Nex1 are said to be performing well, at a small fraction of the cost of U.S. interceptors.
Iran War Showcases Strength of South Korean Defense Sector

The New York Times – Business:
Missile interceptors made by the South Korean firm LIG Nex1 are said to be performing well, at a small fraction of the cost of U.S. interceptors.
Cheap Drones Remain Wild Card in Iran war

The New York Times – Business:
Stopping Iran’s production of drones is critical to opening the Strait of Hormuz and halting its attacks on Gulf nations. But can it be done?
Investors Question Whether Quick Peace in Iran Is Possible

The New York Times – Business:
Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
In Dubai, the World’s Luxury Brands Face a Wartime Crisis

The New York Times – Business:
Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.
In Dubai, the World’s Luxury Brands Face a Wartime Crisis

The New York Times – Business:
Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.
Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem

The New York Times – Business:
Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
U.S. Tech Giants Flocked to the Persian Gulf. Now They Are Targets.

The New York Times – Business:
Amazon, Google and others struck deals in the Persian Gulf to foot the bill for A.I. development. Iran has now threatened attacks against the companies’ infrastructure in the region.