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BUSINESS1h agoSaudi employee arrested for allegedly bugging OpenAI officeA Saudi employee of OpenAI was arrested after allegedly planting a recording device in one of the company's San Francisco offices, the AI firm and federal prosecutors said…Japan Today
BUSINESS5h agoIran war costing US households average of $2K each: Moody’sThe war in Iran has cost the average American household $2,000 so far, according to estimates shared Monday by Mark Zandi, chief economist at Moody’s Analytics. “Consider that the war’s costs taken together have absorbed about half the average American household’s income gain over the past eight months,” Zandi wrote on social platform X. “No…The Hill
BUSINESS12h agoPearls, diamonds and the stories behind Doha’s international jewellery showFrom family memories to cultural traditions, we meet the people behind the pieces at the Doha Jewellery and Watches Exhibition, bringing together more than 500 brands from 30 countries.EuroNews [en]
BUSINESS19h agoMiddle East and Central Asia’s economy to shrink in 2026 amid war, IMF saysIraq, Bahrain, Kuwait and Qatar face double-digit declines in GDP amid the fallout from the US-Israel war on Iran.Al Jazeera [en]
BUSINESS22h agoOil prices fall as traders assess Russian diesel supply prospects and Saudi-Houthi conflictOil prices fell as investors assess potential supply disruptions against prospects of more Russian diesel entering global markets.CNBC
BUSINESS1d agoOil ticks lower as Russia diesel supply prospects counter Gulf supply risksNEW YORK: Oil prices edged lower on Tuesday after climbing by nearly US$2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.nst · malaysia
BUSINESS1d agoIran war costing average U.S. household $2K, economist estimatesAn economist estimates that an ongoing conflict with Iran is costing the average U.S. household $2,000, highlighting the significant financial impact of geopolitical events.Seeking Alpha Tech
BUSINESS1d agoBP, Shell and Chevron restoring U.S. Gulf oil production after hurricaneMajor oil companies including BP, Shell, and Chevron are in the process of restoring oil production in the U.S. Gulf region following a hurricane. This indicates recovery efforts are underway in a key energy production area.Seeking Alpha Tech
BUSINESS1d agoDelta delays debut of Saudi Arabia service until March after Riyadh airport attacksDelta planned to begin the route on Oct. 23, in what would have marked the first nonstop commercial flight between the U.S. and Saudi Arabia.CNBC
BUSINESS1d agoDelta's plans for direct flights to Saudi Arabia are pushed back five monthsDelta Airlines has delayed its plans for direct flights to Saudi Arabia by five months. This signifies a change in an airline's international service schedule.Seeking Alpha Tech
BUSINESS1d agoBreaking down how the Iran war could continue to impact fuel pricesThe ongoing war with Iran has impacted energy costs since its start. CBS News business analyst Jill Schlesinger and national security analyst Aaron MacLean have more.CBS News
BUSINESS1d agoKraken Plans UAE Launch, Following Full Market Approval from VARA in DubaiPayward, a unified financial infrastructure platform and the parent company of Kraken, today announced plans to launch in the UAE, after receiving Full Market Approval from the Virtual Asset Regulatory Authority (VARA) in Dubai. The approval permits Payward to operate as a regulated Virtual Asset Service Provider, serving retail, professional and institutional investors. At launch, Kraken clients in the UAE will be able to trade spot and margin with AED-denominated pairs, and fund and withdraw directly in dirhams. Clients will also have access to on-chain staking, xStocks as well as Krak for crypto transfers, while institutional clients gain OTC spot trading and Kraken Prime. Additional products, including crypto derivatives and an expanded range of new yield opportunities, are expected to follow later in 2026 and into 2027, subject to regulatory approval. Payward will also make its infrastructure available to regional partners through embedded trading as a service. "From launch, clients in the UAE get the same order book and multi-asset coverage we run in every other market, under one of the clearest regulatory frameworks in the world," said Arjun Sethi, Co-CEO of Payward and Kraken. "Payward's regulatory infrastructure now connects them directly to Kraken's market-leading liquidity, along with a growing range of opportunities across digital assets." Full Market Approval is the final stage of VARA's licensing process and authorises Payward to commence regulated activity in Dubai. It follows the preliminary approval Payward received from VARA in May 2026, which permitted the entity to complete operational set-up ahead of client onboarding. The UAE launch is part of Payward's effort to continue building regulated, on-the-ground operations across key financial centers. By connecting new markets to its core trading network, Kraken gives clients access to premium execution, deep liquidity and a consistent standard of service. Payward currently holds more than 100 licences and registrations worldwide, spanning Europe, the Americas, Asia-Pacific and the Middle East. NoYesCryptocurrencies12 Oct, 2026financialit_net · united kingdom
BUSINESS1d agoGlobal diesel shortage: why Gulf refined fuel exports lag crude oil shipmentsGlobal diesel prices remain near record highs as Gulf producers struggle to restore refined-fuel exports, despite a recovery in crude shipments and pledges by more countries to release reserves. Net diesel exports from Gulf countries averaged 390,000 barrels per day in August, just over a quarter of their levels before the US-Israel war on Iran, according to the latest available data by the International Energy Agency (IEA) published in September. One obstacle to recovery is that Persian Gulf...South China Morning Post
BUSINESS1d agoSix Flags' property in Saudi Arabia continues to be impacted by the Middle East conflictA Six Flags property in Saudi Arabia is reportedly still affected by the ongoing Middle East conflict. This indicates how regional geopolitical tensions can have direct consequences on business operations and investments.Seeking Alpha Tech
BUSINESS1d agoUzbekistan’s Fergana seeks Saudi investment in key sectorsUzbekistan's Fergana region is actively seeking investment from Saudi Arabia across various key economic sectors. This initiative aims to foster economic growth and development through international partnerships.trendaz · azerbaijan
BUSINESS2d agoLebanon’s first electric train hopes to revive railway systemA new solar-powered model train has returned to a section of Lebanon’s historic railway.Al Jazeera [en]
BUSINESS2d agoOil chiefs pull out of Riyadh energy congress after airport missile strikeBP and others skip World Petroleum Council meeting after 12 killed in Houthi attackFinancial Times
BUSINESS2d agoUAE airlines cancel Riyadh and Dammam flights through October 14Dubai: UAE airlines have cancelled a number of flights to Saudi Arabia, primarily serving Riyadh and Dammam, with disruptions extending to services scheduled between October 10 and October 14, according to airline statements and published flight schedules. flydubai confirmed that its flights between Dubai and Riyadh have been cancelled until October 14. A flydubai spokesperson said the airline is closely monitoring developments in coordination with relevant authorities and will continue to update passengers through its official communication channels. "We are closely monitoring the situation in coordination with the relevant authorities and will update our customers through our official channels regarding any changes to our flight schedules," the spokesperson said. The airline advised customers whose travel plans have been affected to use the Manage Booking section on flydubai.com to explore refund or rebooking options. Passengers who booked through travel agents were advised to contact them directly. "We apologise to our passengers for any inconvenience caused by these changes to their travel plans," the spokesperson added. Etihad Airways has also cancelled selected flights between Zayed International Airport in Abu Dhabi and King Khalid International Airport in Riyadh between October 10 and October 12. Published Emirates schedules showed the cancellation of several flights between Dubai and Riyadh on October 11 and October 12. Flight disruptions also extended to services between Dubai and Dammam on October 11. For October 12, Emirates flight schedules showed the cancellation of flights EK823 and EK821 between Dubai and Dammam, while flight EK827 remained scheduled to operate. The changes reflect schedule adjustments by several UAE carriers operating flights between the UAE and Saudi Arabia during the affected period. Airlines said they will continue to communicate with passengers through their official channels and provide affected travellers with available options for managing their bookings.emirates247 · united arab emirates
BUSINESS2d ago'Going bankrupt': Iran shopkeepers struggle as war dims demandIran's economy has been battered by years of sanctions, but the conflict that began in February with US-Israeli attacks and an American blockade of the country's ports has put extra strain on daily life. Rising inflation, nearly 90 percent year-on-year in September according to official figures, and erratic currency exchange fluctuations have driven up the cost of everyday items. Food prices have more than doubled since last year.France 24 [en]
BUSINESS2d agoWhat the Iran war has done to the world’s energy supply, in chartsFossil fuels produce 81 percent of global energy. We look at Middle East’s role and what happens when supplies are cut.Al Jazeera [en]
BUSINESS2d agoIstanbul generates more than $800 million from congress tourism since 2022Congress tourism has generated more than $800 million in foreign currency revenue for Istanbul since 2022, according to Şekib Avdagiç, president of the Istanbul Chamber of Commerce (ITO) and the Istanbul Convention and Visitors Bureau (ICVB).hurriyetdailynews · turkey
BUSINESS2d agoTariffs, millions in extra costs, Iran war: Trump’s policies hammer US firmsFor Doug Rende, who runs an aluminium product manufacturer in the US state of Ohio, President Donald Trump’s tariffs have meant millions of dollars more in annual costs – and recently, the Iran war has made shipments even more expensive. Rende is CEO at Shapes Unlimited, one of many American producers smarting from Trump’s economic policies as the midterm election approaches. “Frustrating would be one word,” Rende said. “And I think that we’re sensing a lack of trust in not only the...South China Morning Post