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Airbnb CEO Brian Chesky says ‘founder mode’ cost him almost his entire executive team: ‘They left or they didn’t want to work for me’

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Appeals court tosses lawsuit over Mamdani’s pied-à-terre tax rollout, ruling homeowners can’t sue over notices

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Current price of oil as of November 5, 2026

1

Airbnb CEO Brian Chesky says ‘founder mode’ cost him almost his entire executive team: ‘They left or they didn’t want to work for me’

2

Appeals court tosses lawsuit over Mamdani’s pied-à-terre tax rollout, ruling homeowners can’t sue over notices

3

Current price of oil as of November 5, 2026
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Middle East

Fortune Gulf Brief is Fortune's weekly Tuesday newsletter covering business, investment, and economic trends across the Middle East, written by Fortune writer Melissa Hancock. It delivers expert analysis on the deals, leaders, and policies shaping the GCC region for global executives. Sign up here.
‘The opportunity outweighs the challenge’: Bahrain leads drive to restore tourism in the Gulf after eight months of conflict and collapsing visitor numbers 
‘The opportunity outweighs the challenge’: Bahrain leads drive to restore tourism in the Gulf after eight months of conflict and collapsing visitor numbers 

The six members of the Gulf Cooperation Council are betting on multi-country trips to revive a tourism market that generated over $130 billion last year.

By Inzamam RashidNovember 4, 2026
ADNOC to expand AI use across its operations to strengthen resilience
ADNOC to expand AI use across its operations to strengthen resilience
By Melissa HancockNovember 4, 2026
Despite the tensions of war, ex-Barclays CEO Bob Diamond is long Gulf. Here’s why 
Despite the tensions of war, ex-Barclays CEO Bob Diamond is long Gulf. Here’s why 
By Kamal AhmedNovember 3, 2026
As Trump eyes new attack, Iran vows to retaliate beyond the Mideast and target financial assets, while oil markets brace for generational damage
As Trump eyes new attack, Iran vows to retaliate beyond the Mideast and target financial assets, while oil markets brace for generational damage
By Jason MaNovember 1, 2026
How Dubai is using data and AI to build the city of the future
How Dubai is using data and AI to build the city of the future
By Melissa HancockOctober 28, 2026
Global AI leaders gather in Dubai as the emirate expands its ambitions 
Global AI leaders gather in Dubai as the emirate expands its ambitions 
By Melissa HancockOctober 28, 2026
Latest stories from Fortune
More Middle East
Energy markets are adapting to the Iran war as a ‘forever conflict’ while oil producers keep supplies flowing and avoid ‘mutually assured destruction’
Middle East
Energy markets are adapting to the Iran war as a ‘forever conflict’ while oil producers keep supplies flowing and avoid ‘mutually assured destruction’
By Jason MaOctober 23, 2026
Saudi Arabia wants to send 10 million barrels of oil a day around Hormuz. A former Treasury official says it may barely move prices
Energy
Saudi Arabia wants to send 10 million barrels of oil a day around Hormuz. A former Treasury official says it may barely move prices
By Steven JohnOctober 23, 2026
Beyond the UAE: Space42’s $1.7 billion bid to conquer new markets
Middle East
Beyond the UAE: Space42’s $1.7 billion bid to conquer new markets
By Melissa HancockOctober 21, 2026
Databricks sets sights on Abu Dhabi as Middle East growth takes off 
Newsletters
Databricks sets sights on Abu Dhabi as Middle East growth takes off 
By Melissa HancockOctober 21, 2026
The way we consume energy is changing. Abu Dhabi’s integrated system has already embraced that change 
Energy
The way we consume energy is changing. Abu Dhabi’s integrated system has already embraced that change 
By H.E. Dr Abdulla Saif Al JarwanOctober 21, 2026
Iran is running out of money and can’t even pay its troops as U.S. blockade chokes the economy, Central Command says, while domestic unrest grows
Middle East
Iran is running out of money and can’t even pay its troops as U.S. blockade chokes the economy, Central Command says, while domestic unrest grows
By Jason MaOctober 18, 2026
No forms, no fuss: Abu Dhabi wants AI to eliminate government paperwork 
Middle East
No forms, no fuss: Abu Dhabi wants AI to eliminate government paperwork 
By Inzamam RashidOctober 14, 2026
A growing security premium threatens Saudi Arabia’s investment project 
Newsletters
A growing security premium threatens Saudi Arabia’s investment project 
By Melissa HancockOctober 14, 2026
Photo of two oil tankers
Middle East
Ship captains and crews transiting the Strait of Hormuz make so much danger pay that they’re ‘almost being viewed as mercenaries’
By Jason MaOctober 10, 2026
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf
Middle East
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf
By Melissa HancockOctober 7, 2026
Saudi’s economic transformation collides with war and falling FDI 
Newsletters
Saudi’s economic transformation collides with war and falling FDI 
By Melissa HancockOctober 7, 2026
Persian Gulf oil flows return to prewar levels, but Iran could resort to a ‘scorched earth campaign’ as U.S. deploys more ships and Marines to Mideast
Middle East
Persian Gulf oil flows return to prewar levels, but Iran could resort to a ‘scorched earth campaign’ as U.S. deploys more ships and Marines to Mideast
By Jason MaOctober 4, 2026
Iran’s currency is getting obliterated as the regime is about to run out of oil to sell and can’t even get its money from customers
Middle East
Iran’s currency is getting obliterated as the regime is about to run out of oil to sell and can’t even get its money from customers
By Jason MaOctober 3, 2026
From IPO boom to standoff: Saudi Arabia’s capital markets ambitions meet a reluctant investor base 
Middle East
From IPO boom to standoff: Saudi Arabia’s capital markets ambitions meet a reluctant investor base 
By Melissa HancockSeptember 30, 2026
From rift to rapprochement: Saudi-UAE reset over Yemen 
Newsletters
From rift to rapprochement: Saudi-UAE reset over Yemen 
By Melissa HancockSeptember 30, 2026
Saudi Arabia is reaping a massive oil windfall, making it perhaps the Iran war’s only winner. Tehran’s proxies actually ‘did Saudi a favor’
Middle East
Saudi Arabia is reaping a massive oil windfall, making it perhaps the Iran war’s only winner. Tehran’s proxies actually ‘did Saudi a favor’
By Jason MaSeptember 28, 2026
The U.S. may soon receive $600 million worth of Iranian oil that was seized earlier in the war, putting an ancient body of maritime law back in focus
Middle East
The U.S. may soon receive $600 million worth of Iranian oil that was seized earlier in the war, putting an ancient body of maritime law back in focus
By Jason MaSeptember 27, 2026
Trump stonewalls Iran as U.S. helps double oil volume exiting the Persian Gulf, with the military now guiding ships through Hormuz in broad daylight
Middle East
Trump stonewalls Iran as U.S. helps double oil volume exiting the Persian Gulf, with the military now guiding ships through Hormuz in broad daylight
By Jason MaSeptember 26, 2026
Satellites, Security and Sovereign Cash: Inside the UAE’s Space Strategy
Middle East
Satellites, Security and Sovereign Cash: Inside the UAE’s Space Strategy
By Melissa HancockSeptember 23, 2026
Trump faces Gulf pressure for diplomacy as world leaders gather in New York  
Newsletters
Trump faces Gulf pressure for diplomacy as world leaders gather in New York  
By Melissa HancockSeptember 23, 2026
China suffers another setback in effort to de-dollarize global finance as anchor in the greenback’s dominance quietly exits Beijing’s payment scheme
Middle East
China suffers another setback in effort to de-dollarize global finance as anchor in the greenback’s dominance quietly exits Beijing’s payment scheme
By Jason MaSeptember 21, 2026
Iran’s economy faces another blockade: Red tape and gridlock are clogging up land routes that bypass the U.S. Navy’s Hormuz stranglehold
Middle East
Iran’s economy faces another blockade: Red tape and gridlock are clogging up land routes that bypass the U.S. Navy’s Hormuz stranglehold
By Jason MaSeptember 20, 2026
The Gulf’s female startup ecosystem is flourishing. So, where’s the funding?  
Newsletters
The Gulf’s female startup ecosystem is flourishing. So, where’s the funding?  
By Melissa HancockSeptember 16, 2026
The Middle East’s female founders are on the rise. Why isn’t the funding following?
Middle East
The Middle East’s female founders are on the rise. Why isn’t the funding following?
By Melissa HancockSeptember 16, 2026
Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude’s other chokepoint
Middle East
Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude’s other chokepoint
By Jason MaSeptember 11, 2026
Saudi’s Humain turns to outside investment as the kingdom reins in fiscal spending 
Middle East
Saudi’s Humain turns to outside investment as the kingdom reins in fiscal spending 
By Melissa HancockSeptember 9, 2026
Saudi’s Humain is planning an IPO and a $2.5 billion fund to fuel its expansion plans  
Newsletters
Saudi’s Humain is planning an IPO and a $2.5 billion fund to fuel its expansion plans  
By Melissa HancockSeptember 9, 2026
Even Supreme Leader Mojtaba Khamenei is worried about Iran’s economy and ‘social cohesion’ as U.S. pressure gets tougher to withstand
Middle East
Even Supreme Leader Mojtaba Khamenei is worried about Iran’s economy and ‘social cohesion’ as U.S. pressure gets tougher to withstand
By Jason MaSeptember 6, 2026
After hitting oil tankers, Iran targets Navy warships and U.S. retaliates with ‘higher economic cost’ in new escalation that could transform the war
Middle East
After hitting oil tankers, Iran targets Navy warships and U.S. retaliates with ‘higher economic cost’ in new escalation that could transform the war
By Jason MaSeptember 5, 2026
Saudi fires up Gulf AI race with $15 billion tech deals at LEAP 
Newsletters
Saudi fires up Gulf AI race with $15 billion tech deals at LEAP 
By Melissa HancockSeptember 2, 2026
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Startups & Venture
Airbnb CEO Brian Chesky says ‘founder mode’ cost him almost his entire executive team: ‘They left or they didn’t want to work for me’placeholder alt text
By Tatiana SatauaNovember 4, 2026
Law
Appeals court tosses lawsuit over Mamdani’s pied-à-terre tax rollout, ruling homeowners can’t sue over noticesplaceholder alt text
By Catherina GioinoNovember 4, 2026
Success
James Talarico was a 23-year-old middle school teacher when an 11-year-old inspired him to run for office—now he's making history in Texas as Senatorplaceholder alt text
By Emma BurleighNovember 4, 2026
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