How UAE and Gulf residents can better manage their money amid Iran war turmoil

About this episode

The episode discusses how the ongoing Iran war is impacting the finances of UAE and Gulf residents, offering advice on managing money during uncertain times.

The effects of a distant war are rarely felt in the finances of residents in the UAE. Until now. The US-Israel-Iran war that began at the end of last month is already affecting global markets, driving up oil prices and shipping costs.While the long-term geopolitical effects are still unfolding, the financial consequences are directly affecting households across the Gulf. What does this mean for household budgets, savings, and financial security? Should residents move money, pay down debt, or hold additional cash? In this episode of Business Extra, host Salim A Essaid sits down with Carol Glynn, a UAE-based financial coach and founder of Conscious Finance Coaching, to find out. Mrs Glynn provides a logical roadmap for navigating your personal finances during uncertain times. The discussion offers a practical assessment of how much cash may be appropriate to keep on hand for short-term disruptions. She also warns of the expected inflationary effects from rising oil and shipping costs, advising residents to anticipate higher prices for fuel and groceries and to adjust their budgets accordingly. Finally, Mrs Glynn tackles the topic of investments during the crisis, noting a surge in…

People in this episode

Host: Salim A Essaid

Guest: Carol Glynn

Topics covered

• UAE
• Gulf residents
• money management
• Iran war
• financial security
• household budgets
• savings
• debt
• inflation
• investments

Keywords

• oil prices
• shipping costs
• financial coach
• Conscious Finance Coaching
• cash management
• inflationary effects
• fuel prices
• grocery prices
• investments
• oil ETFs
• gold
• cryptocurrency

Mentioned in this episode

Products: oil ETFs, gold, cryptocurrency

Places: UAE, Gulf, Iran, US

More episodes of Business Extra

• What the energy crisis reveals about how we power world · April 22, 2026 · 31 min
• Uncertainty is certain: Inside the IMF and World Bank Spring Meetings · April 15, 2026 · 23 min
• Beyond oil: How the Iran war is already hitting wallets · April 8, 2026 · 16 min
• Inside Borouge: The UAE's petrochemical powerhouse · April 1, 2026 · 12 min
• CERAWeek in the shadow of war: How the conflict is reshaping the global energy conversation · March 25, 2026 · 45 min
• How the Iran war is threatening water security in the Gulf · March 18, 2026 · 16 min