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Citigroup projects the UAE economy will contract 0.2% in 2026 after 6.2% growth in 2025. Non-oil output is forecast to decline 0.8% in 2026, reversing 2025’s 6.8% gain, while oil-sector growth slows to 1.7% from 4.3% in 2025. Citigroup says the UAE i

2026-10-13

Citigroup projects the UAE economy will contract 0.2% in 2026 after 6.2% growth in 2025. Non-oil output is forecast to decline 0.8% in 2026, reversing 2025’s 6.8% gain, while oil-sector growth slows to 1.7% from 4.3% in 2025. Citigroup says the UAE is the Gulf economy most exposed to the Middle East conflict, via trade, tourism, imports and domestic-demand channels. Strong fiscal and external buffers leave the government with scope to respond if shocks persist.

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2026-10-13

Malaysia Airlines said it has canceled all flights to and from Jeddah and Medina through Oct. 17, 2026, citing precautionary measures.

Malaysia Airlines said it has canceled all flights to and from Jeddah and Medina through Oct. 17, 2026, citing precautionary measures.
2026-10-13

UK Maritime Trade Operations said it received a report that a container ship was struck by an unidentified object while transiting the Strait of Hormuz.

UK Maritime Trade Operations said it received a report that a container ship was struck by an unidentified object while transiting the Strait of Hormuz.
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