For decades Gulf money has poured into luxury property markets, trophy assets and the world’s best-known financial centres. But increasingly it is heading to a former Silk Road hub, where ageing gas infrastructure, a rapidly growing population and economic reforms offer the opportunity to invest in a new energy system. …

The number of vessels moving between Iran and the UAE has returned to pre-war levels after shipping resumed across the Arabian Gulf. Data from research company Kpler shows that 51 container ships made the crossing in the 29-day period between June 27 and July 25, five times as many as …

Iranian-backed Houthi strikes over the weekend on Saudi Arabia‘s Yanbu Red Sea terminal and the Jazan refinery matter less for the damage inflicted than for what they reveal: the vulnerability of the kingdom’s oil export safety valve, analysts told AGBI. While there is no evidence of shipment disruption, experts say …