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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

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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
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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 EastPage 4 of 22
Trump, Rubio, and Hegseth sit next to each other at a dark wooden table.
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
iran
Energy
The Strait of Hormuz is ‘open’ — but it’s mined, half-empty, and subject to tolls both sides say they might charge
By Wyatte Grantham-Philips, Mae Anderson and The Associated PressJune 23, 2026
Saudi PIF’s governor wants the kingdom to become a global investment center
Newsletters
Saudi PIF’s governor wants the kingdom to become a global investment center
By Melissa HancockJune 23, 2026
Saudi Aramco’s chairman calls for “energy realism” 
Middle East
Saudi Aramco’s chairman calls for “energy realism” 
By Melissa HancockJune 23, 2026
Dow futures drop as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: ‘You close it and you won’t have a country’
Energy
Dow futures drop as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: ‘You close it and you won’t have a country’
By Jason MaJune 21, 2026
Oil keeps flowing through Hormuz despite Iran saying it’s shut
Energy
Oil keeps flowing through Hormuz despite Iran saying it’s shut
By Weilun Soon, Julian Lee and BloombergJune 21, 2026
Vice President JD Vance heads to Switzerland for talks with Iran but says he will only be there ‘for a day or two’
Middle East
Vice President JD Vance heads to Switzerland for talks with Iran but says he will only be there ‘for a day or two’
By Kareem Chehayeb, Bassem Mroue, Seung Min Kim, Munir Ahmed and The Associated PressJune 20, 2026
Shipping companies will decide when the Strait of Hormuz is truly open—not the U.S. or Iran—and the latest deal is already sowing confusion
Energy
Shipping companies will decide when the Strait of Hormuz is truly open—not the U.S. or Iran—and the latest deal is already sowing confusion
By Jason MaJune 20, 2026
Trump threatens to charge U.S. tolls in Strait of Hormuz for ‘services rendered as the Guardian Angel to the countries of the Middle East’
Energy
Trump threatens to charge U.S. tolls in Strait of Hormuz for ‘services rendered as the Guardian Angel to the countries of the Middle East’
By Kareem Chehayeb, Bassem Mroue, Munir Ahmed and The Associated PressJune 20, 2026
Iran floats ‘insurance fees’ and asserts control over Hormuz
Energy
Iran floats ‘insurance fees’ and asserts control over Hormuz
By Alex Longley, Alaric Nightingale, Ellen Milligan and BloombergJune 20, 2026
Iran closes Strait of Hormuz again, citing Israel’s attacks in Lebanon, and downplays delayed talks with U.S. that will begin in Switzerland
Middle East
Iran closes Strait of Hormuz again, citing Israel’s attacks in Lebanon, and downplays delayed talks with U.S. that will begin in Switzerland
By The Associated PressJune 20, 2026
The U.S. and Iran have signed a peace deal. How long will it take for oil flows in Asia to return to normal? 
Energy
The U.S. and Iran have signed a peace deal. How long will it take for oil flows in Asia to return to normal? 
By Angelica AngJune 19, 2026
‘Iran just basically put its wish list into this’: The Trump-Iran agreement gives Iran a free pass on nuclear treaty violations pending final deal
Middle East
‘Iran just basically put its wish list into this’: The Trump-Iran agreement gives Iran a free pass on nuclear treaty violations pending final deal
By Mia OsmonbekovJune 18, 2026
ursula
Energy
Europe’s $29 billion Iran War bill is driving a scramble for new energy routes
By Menelaos Hadjicostis and The Associated PressJune 18, 2026
We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran
Banking
We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran
By Jim EdwardsJune 18, 2026
g
North America
The G7 has some special lunchtime guests this year: Sam Altman, Demis Hassabis and Dario Amodei 
By Kelvin Chan and The Associated PressJune 17, 2026
The art of the bail: Iran got what it wanted. Did the U.S.? Everyone is judging Trump’s MIA MOU
Middle East
The art of the bail: Iran got what it wanted. Did the U.S.? Everyone is judging Trump’s MIA MOU
By Jim EdwardsJune 17, 2026
Vessels lie at anchor in the Strait of Hormuz off Iran's coast.
Energy
Filling up your car won’t feel normal until next summer, S&P says
By Tristan BoveJune 16, 2026
trump
Middle East
Iran, Trump have a common problem in their deal to end the war: Israel
By Jon Gambrell, Sam Metz, Samy Magdy and The Associated PressJune 16, 2026
U.S.-Iran interim deal: What could a Gulf bounce back look like?
Newsletters
U.S.-Iran interim deal: What could a Gulf bounce back look like?
By Melissa HancockJune 16, 2026
Gulf private credit opportunities shine amid global volatility 
Middle East
Gulf private credit opportunities shine amid global volatility 
By Melissa HancockJune 16, 2026
The jet fuel crisis never existed, sources say
Energy
The jet fuel crisis never existed, sources say
By Jim EdwardsJune 16, 2026
The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
Energy
The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
By Jason MaJune 15, 2026
Google CEO Sundar Pichai
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
Iran emerges from war with its economy in free fall and inflation on some food items above 400%. If the regime doesn’t fix it, ‘there will be trouble’
Economy
Iran emerges from war with its economy in free fall and inflation on some food items above 400%. If the regime doesn’t fix it, ‘there will be trouble’
By Jason MaJune 15, 2026
wh
Middle East
The U.S. says Iran will give up its uranium. Iran says it won’t. They’re due to sign a deal on Friday
By Munir Ahmed, Will Weissert, Sam Mednick and The Associated PressJune 15, 2026
Trump gets the peace deal he wants and rages against Israel’s Netanyahu: ‘He has no f—ing judgement. I let him know that’
Economy
Trump gets the peace deal he wants and rages against Israel’s Netanyahu: ‘He has no f—ing judgement. I let him know that’
By Jim EdwardsJune 15, 2026
Markets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and ‘I never cared about regime change’
Energy
Markets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and ‘I never cared about regime change’
By Jason MaJune 14, 2026
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
Energy
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
By Cathy Bussewitz and The Associated PressJune 14, 2026
Trump says a deal has been reached with Iran and orders end to U.S. naval blockade as Hormuz to reopen — ‘Ships of the World, start your engines’
Politics
Trump says a deal has been reached with Iran and orders end to U.S. naval blockade as Hormuz to reopen — ‘Ships of the World, start your engines’
By Julia Frankel, Abby Sewell, Munir Ahmed, Will Weissert and The Associated PressJune 14, 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
Personal Finance
Current price of oil as of November 5, 2026placeholder alt text
By Joseph HostetlerNovember 5, 2026
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