Latest

The IMF has sharply downgraded its regional growth outlook for next year, citing ongoing conflicts and trade disruptions. However, a significant rebound is anticipated for 2027.

Economy

OPEC has significantly adjusted its global oil demand outlook, with a sharp downgrade for next year countered by a stronger rebound predicted for 2027. This shift reflects ongoing geopolitical tensions and the critical need to rebuild global oil stockpiles.

Energy

Banque du Caire is finally going public on the Egyptian Exchange after years of delays, offering a significant stake to investors. This move is a crucial step in Egypt's wider economic reform agenda.

Economy

Iraq and Turkey are discussing a groundbreaking financing model for the vast "Development Road" project, potentially using oil revenues to build critical infrastructure. This strategic move could reshape regional trade and energy flows.

Economy

King Mohammed VI has called for a new wave of reforms to shift the economy toward private-sector leadership and high-value manufacturing.

Egypt & North Africa

The UAE's economy reached $262 billion in the first half of 2026, with non-oil sectors driving nearly 80% of activity, despite a slowdown in the second quarter. This performance underlines the nation's push away from oil reliance.

Economy

Riyadh and Abu Dhabi signed a landmark agreement to deepen cooperation on electricity grids and cross-border rail, aiming to cut logistics costs and improve energy resilience across the region.

Economy

The decision reflects improved resilience against external pressures and robust economic growth, despite regional geopolitical tensions.

Economy

Saudi Aramco and NESR are investing $200 million in the region's first direct lithium extraction project, aiming to produce battery-grade material by 2027. This move is a crucial step in the Kingdom's drive to become a key player in the global electric vehicle supply chain.

Economy

President Sisi met with South Korean business leaders to promote a new industrial hub, aiming to significantly boost foreign investment and make Egypt a regional export powerhouse.

Economy

The UAE has seen its foreign direct investment surge to an unprecedented level, marking nine consecutive years of growth and underscoring its shift towards advanced technology and a knowledge-based economy.

Economy

Saudi Aramco has tapped KBR for a significant engineering contract to upgrade its Marjan offshore field, ensuring long-term production stability and advanced gas processing capabilities. This investment highlights the Kingdom's commitment to its energy future.

Energy

The Saudi stock market saw a strong rebound, with the Tadawul All Share Index (TASI) gaining over one percent, driven by major bank and energy stocks and steady oil flows.

Economy

As parliament prepares to debate the 2027 budget, you'll want to understand how a proposed new exchange rate and a significant deficit could affect your purchasing power and business operations.

Economy

The state oil giant has cut prices for November shipments to Asia, offering its flagship Arab Light crude at a $5 per barrel discount. This move targets market share amidst high shipping costs and regional disruptions.

Energy

The Kingdom is pausing flagship projects and entertainment events as the Public Investment Fund shifts toward strict spending limits.

Economy

A technical upgrade to the Tadawul allows orders to fill across multiple price levels. It comes as the market looks to recover from a difficult third quarter.

Economy

Baghdad's state-owned tankers have made their first shipment past the Strait of Hormuz in decades, signalling a major change in how it gets its crude to global markets.

Energy

Yemen's Houthi group claimed drone and missile strikes on a Riyadh Aramco facility, sparking fears of energy supply disruptions and pushing Brent crude prices above $106.

Energy

The United Arab Emirates has warned Britain it may pull significant investments after a Premier League ruling against Manchester City, signalling a rare diplomatic and economic escalation stemming from sports.

Economy

As Houthi attacks persist, the Kingdom is boosting its western pipeline capacity and exploring an Oman bypass to safeguard its crucial oil exports.

Energy

The coordinated move by major economies aims to ease global fuel prices and address Europe's diesel shortage. For Saudi Arabia, this could mean less revenue from its primary export.

Energy

Soaring global energy prices have pushed Morocco's trade gap wider, putting pressure on household budgets and government finances.

Economy

As the Lebanese pound loses more than 98% of its value, the country's economic recovery hinges on crucial IMF-backed reforms. However, a presidential challenge to a new banking law highlights ongoing political hurdles.

Economy

A security breach on a Dubai-Tel Aviv flight has halted a key regional air link, affecting thousands of business and leisure travellers.

Politics

The Kingdom projects a significant economic contraction in 2026 due to falling oil activity, yet remains committed to its multi-billion dollar Vision 2030 projects.

Economy

Despite ongoing market volatility and efforts to recover supply, the major oil producers are taking a cautious stance, impacting global energy markets and regional trade.

Energy

Global oil markets are reacting to ongoing geopolitical tensions and reduced Gulf supply, pushing prices upwards. The UAE is investing in critical infrastructure to safeguard its exports.

Energy

The two nations are boosting investment and promoting local currency trade, aiming for a significant increase in total commerce by 2032.

Economy

Egypt is aiming for solid economic expansion and attracting significant investment, but a depreciating currency could impact your purchasing power and business costs.

Economy