# Despite the headline-grabbing hiccups and the missiles and the drones, for places like Saudi Arabia, Qatar, and UAE’s Abu Dhabi, it's mostly business as usual, sources tell me.

*business · news · 2026-04-17 · New York Post*

## Key points

- BlackRock's 46% Q1 earnings jump was partly driven by strong business in the Middle East.
- Inflows from Gulf sovereign wealth funds to BlackRock remain robust despite regional conflicts.
- BlackRock has completed new co-investments in the Middle East in recent months.
- Fink reported no significant shift by Gulf funds to safe-haven assets like US Treasuries.
- US Navy actions may be helping to reopen shipping traffic in the Strait of Hormuz.

**Companies:** BlackRock
**Countries:** Saudi Arabia, Qatar, United Arab Emirates, Kuwait

[Read the full story on New York Post](https://nypost.com/2026/04/17/business/larry-finks-take-on-the-middle-east-crisis-is-at-odds-with-doom-and-gloom-mainstream-media/)

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