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Saudi Arabia

Iran war puts Gulf economies on brink of historic slump

The ongoing conflict with Iran could trigger one of the most severe economic downturns for Gulf nations since the early 1990s, threatening the economies of Saudi Arabia, United Arab Emirates and Qatar if hostilities persist.

16 Mar 2026-12:20
Saudi Arabia quietly moved 100 million barrels of oil before US-Israel strike on Iran

15 Mar 2026-19:18
Saudi air defenses down four drones

Saudi Arabia’s Ministry of Defense announced on Saturday that its air defense systems intercepted and destroyed four drones within the country's airspace, highlighting the kingdom's strong defensive preparedness.

14 Mar 2026-11:40
Gulf states face $15B energy revenue loss

Gulf oil producers have lost an estimated $15.1 billion in energy revenues since U.S. and Israeli strikes on Iran triggered a near shutdown of the Strait of Hormuz, leaving millions of barrels of crude unable to reach global markets.

13 Mar 2026-16:10
Saudi Aramco in talks to buy Ukrainian interceptor drones

Oil giant Saudi Aramco is in talks with at least two Ukrainian companies to purchase interceptor drones that could help defend its oil fields from potential Iranian attacks, according to people familiar with the matter.

13 Mar 2026-11:24
Gulf Air moves fleet from Bahrain to Saudi Arabia for safety

Gulf Air has temporarily relocated a significant portion of its fleet from Bahrain International Airport to Saudi Arabia amid ongoing Israel-US-Iran tensions in the region.

11 Mar 2026-12:59
Ukraine dispatches drone experts to three Middle East countries

Ukraine has sent air defence teams to Qatar, the United Arab Emirates and Saudi Arabia to assist them in defending against Iran’s aerial attacks, President Volodymyr Zelenskiy said on Tuesday.

10 Mar 2026-23:28
Bahrain’s Gulf Air expands Dammam flights despite air closure

Gulf Air, Bahrain’s flagship carrier, has announced an expansion of flights between Dammam in Saudi Arabia and major cities around the world.

10 Mar 2026-23:22
Saudi Aramco warns Hormuz disruption could devastate oil markets

Saudi Aramco warned that continued disruption to shipping in the Strait of Hormuz could have “catastrophic consequences” for global oil markets as the conflict involving Iran intensifies.

10 Mar 2026-12:59
Iran attacks target energy infrastructure across Gulf states

Air defence systems in the UAE are responding to several missiles and drones launched from Iran, while neighbouring Gulf states are also facing aerial threats.

10 Mar 2026-10:51

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