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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

Middle East

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.

Gulf bond markets extend their rally despite uncertain outlook

Gulf bond markets extend their rally despite uncertain outlook

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

By Melissa HancockJune 30, 2026

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

By Melissa HancockJune 30, 2026

U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran

U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran

By Jon Gambrell, Josh Boak and The Associated PressJune 29, 2026

Photo: Kevin Warsh

President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards

By Jim EdwardsJune 29, 2026

Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz

Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz

By Jason MaJune 28, 2026

Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire

Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire

By Jason MaJune 28, 2026

Latest Stories

Russian President Vladimir Putin

Economy It started with one viral influencer complaining about Russia’s economy. Now a record 60% of Russians are pessimistic about their country’s outlook

By Tristan BoveJune 30, 2026

Image of colored bar charts with one being pushed up.

Newsletters AI is minting billion-dollar companies faster than before

By Beatrice NolanJune 30, 2026

Stripe CEO Patrick Collison gestures with his hands as he speaks into a microphone before a congressional committee hearing.

Crypto Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle

By Camila Grigera NaónJune 30, 2026

kean

Politics Tom Kean discloses depression diagnosis behind 4-month absence from Congress: ‘until you experience it yourself, it is difficult to fully understand’

By Mike Catalini, Joey Cappelletti and The Associated PressJune 30, 2026

Commentary Netflix could turn NBC into its biggest bet yet — and this time, the math actually works

By Jeffrey Sonnenfeld and Steven TianJune 30, 2026

A woman types into a kiosk at an airport.

Travel & Leisure ‘You can expect prices to be high and stay high’: Domestic airfare is skyrocketing faster than international flight costs, despite using less jet fuel

By Sasha RogelbergJune 30, 2026

Young worker at desk

Success Remote-first fintech giant Revolut is making the office compulsory for new Gen Z grads—and they’ll earn flexibility like their peers after one year

By Emma BurleighJune 30, 2026

mill

Investing America added more than 1,200 millionaires per day in 2025, but the heyday of the ‘everyday millionaire’ is already over

By Nick LichtenbergJune 30, 2026

More Middle EastPage 2 of 15

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

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

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world’s top superpower can at least punch open a hole

Energy Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world’s top superpower can at least punch open a hole

By Jason MaJune 14, 2026

Trump warns Israel and Iran not to ‘blow it’ after new strikes threaten ceasefire deal that he says will bring peace to Lebanon

Middle East Trump warns Israel and Iran not to ‘blow it’ after new strikes threaten ceasefire deal that he says will bring peace to Lebanon

By Julia Frankel, Abby Sewell, Munir Ahmed, Samy Magdy and The Associated PressJune 14, 2026

Israel strikes Hezbollah targets in Beirut, potentially complicating efforts to finalize a deal to end the U.S.-Iran war

Middle East Israel strikes Hezbollah targets in Beirut, potentially complicating efforts to finalize a deal to end the U.S.-Iran war

By Julia Frankel, Abby Sewell, Munir Ahmed, Samy Magdy and The Associated PressJune 14, 2026

Trump expects to sign a deal with Iran on Sunday, but Tehran may want to avoid giving him a gift on his birthday

Middle East Trump expects to sign a deal with Iran on Sunday, but Tehran may want to avoid giving him a gift on his birthday

By Jason MaJune 13, 2026

Trump says he’ll sign deal with Iran to reopen Hormuz Sunday

Politics Trump says he’ll sign deal with Iran to reopen Hormuz Sunday

By Arsalan Shahla, Maria Paula Mijares Torres and BloombergJune 13, 2026

Trump to talk with allies at G7 summit in the coming week about removing mines from the Strait of Hormuz as deal to end Iran war nears

Politics Trump to talk with allies at G7 summit in the coming week about removing mines from the Strait of Hormuz as deal to end Iran war nears

By Munir Ahmed, Samy Magdy, Aamer Madhani and The Associated PressJune 13, 2026

A deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’

Middle East A deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’

By The Associated PressJune 13, 2026

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

Energy U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

By Jordan BlumJune 12, 2026

Elon Musk

Investing When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all

By Jim EdwardsJune 12, 2026

T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price

Economy T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price

By Jim EdwardsJune 11, 2026

A man guides a ship in the water.

Energy Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

By Sasha RogelbergJune 10, 2026

Saudi economy redraws ambitions—‘going local’ is the new buzz phrase

Middle East Saudi economy redraws ambitions—‘going local’ is the new buzz phrase

By Melissa HancockJune 10, 2026

The Gulf states are betting big on AI: who’s investing where?

Middle East The Gulf states are betting big on AI: who’s investing where?

By Melissa HancockJune 9, 2026

SpaceX IPO means more to the Gulf than you might expect

Newsletters SpaceX IPO means more to the Gulf than you might expect

By Melissa HancockJune 9, 2026

‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO

AI ‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO

By Jim EdwardsJune 9, 2026

The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic

Energy The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic

By Marco Quiroz-GutierrezJune 8, 2026

Pope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants

Politics Pope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants

By The Associated Press, Suman Naishadham and Nicole WinfieldJune 8, 2026

‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

Economy ‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

By Jim EdwardsJune 8, 2026

Iran fires missiles at Israel in first such bombardment since ceasefire as Trump says ‘I’m not happy about’ Israeli strikes on Lebanon

Middle East Iran fires missiles at Israel in first such bombardment since ceasefire as Trump says ‘I’m not happy about’ Israeli strikes on Lebanon

By Kareem Chehayeb, Samy Magdy, Melanie Lidman and The Associated PressJune 7, 2026

The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’

Energy The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’

By Jason MaJune 6, 2026

Why oil’s not at $200 after the biggest supply shock in history

Energy Why oil’s not at $200 after the biggest supply shock in history

By Devika Krishna Kumar, Alex Longley, Yongchang Chin, Mia Gindis and BloombergJune 6, 2026

denton

Commentary ICC Secretary General: The Hormuz clock that matters isn’t diplomatic — it’s agricultural

By John W.H. Denton AOJune 6, 2026

Elon Musk stares

Personal Finance The S&P 500 will initially exclude SpaceX but Elon Musk is coming for your retirement savings anyway

By Jim EdwardsJune 5, 2026

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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By Sydney LakeJune 29, 2026

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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By Sydney LakeJune 25, 2026

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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By Preston ForeJune 27, 2026

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