Aviation Middle East airspace shut after Israel strikes Iran Airlines steered clear of much of the Middle East on Friday after Israeli attacks on Iranian sites forced carriers to cancel or divert thousands of flights in the latest upheaval to travel in the region. Proliferating conflict zones around the world are becoming an increasing burden on airline operations and profitability and more of a safety concern. Detours add to […] June 13, 2025
Oil & Gas Oil hits $78 and stocks rattle as Middle East tensions flare Oil prices rose more than 9 percent and the Asian stock market dived on Friday morning after Israel launched attacks on Iran. Brent surged to $78 a barrel in the biggest intraday gain since March 2022, before settling lower at $74 by 05:56 GMT. US West Texas Intermediate crude rose 9.3 percent to $74.36 a […] June 13, 2025
Markets Gold tops one-month high on haven demand Gold prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors sought haven assets after Israel’s strike on Iran heightened Middle East tensions. Spot gold was up 1.3 percent at $3,428.28 an ounce as of 01:34 GMT after hitting its highest level since May 7 earlier […] June 13, 2025
Logistics DHL to invest $500m in the Middle East US logistics company DHL is planning to increase its presence in the Middle East, targeting the rapidly growing markets of the UAE and Saudi Arabia. It intends to invest more than €500 million ($572 million) in the region as part of its 2030 strategy plan. The expansion spans all four of DHL’s divisions – Express, […] June 11, 2025
Analysis Tech Why founders and fintechs are the X factor for VCs Personalities, teamwork, market size and originality. Technology founders seeking cash or incubation may be better served looking in a mirror rather than analysing code, according to investors. “The founder is always the main driver as to whether we invest,” Lucy Chow, senior advisor at angel investors 2022 Female Angels, tells AGBI. The inverse also holds […] June 11, 2025
Economy Egypt economy The latest economic and demographic indicators for Egypt, including GDP, inflation, trade, population, unemployment and more June 9, 2025
Economy Turkey economy The latest economic and demographic indicators for Turkey, including GDP, inflation, trade, population, unemployment and more June 9, 2025
Oil & Gas Opec oil output misses May target, survey finds Opec oil output rose in May by less than the volume planned, a Reuters survey has found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi Arabia and the United Arab Emirates made smaller hikes than allowed. Opec pumped 26.75 million barrels per day (bpd) last month, up 150,000 bpd […] June 9, 2025
Economy Qatar economy The latest economic and demographic indicators for Qatar, including GDP, inflation, oil prices, trade, population, unemployment and more June 6, 2025
Economy Oman economy The latest economic and demographic indicators for Oman, including GDP, inflation, oil prices, trade, population, unemployment and more June 6, 2025
Economy Bahrain economy The latest economic and demographic indicators for Bahrain, including GDP, inflation, oil prices, trade, population, unemployment and more June 6, 2025
Opinion Markets From petrostate to deal state: Gulf IPO markets mature The Gulf's regional exchanges are defying the global slowdown and outperforming their Western peers June 4, 2025
Manufacturing Gulf exporters may weather US metal tariff hikes A sharp increase in US tariffs on aluminium and steel imports may inadvertently benefit Gulf producers, thanks to their competitive energy advantage and expanding export footprint. President Donald Trump has announced plans to double tariffs on aluminium and steel imports to 50 percent starting on Wednesday, escalating his administration’s protectionist stance amid ongoing global trade […] June 4, 2025
Economy Saudi, Kuwaiti and Qatari bosses report hiring sprees Employment growth has accelerated in Saudi Arabia, Kuwait and Qatar despite economic uncertainty, but hiring momentum remains uneven in other Mena markets, according to the latest purchasing managers’ index surveys. In Saudi Arabia, job creation was “one of the fastest seen in over a decade” in May, the Riyad Bank PMI report said. The Saudi index’s […] June 4, 2025
Opinion Oil & Gas Imagine Texas in Opec+ and you see Kazakhstan’s predicament In energy diplomacy, Astana wants to be a reliable partner to both East and West June 3, 2025
Aviation Passenger profit is three times global average at Middle East airlines Middle East airlines are set to generate $27.20 in profit per passenger this year, more than three times the global average, as the region continues to lead the global aviation industry on profitability, according to the International Air Transport Association (IATA). Total net income for Middle Eastern carriers is forecast to exceed $6.2 billion in […] June 2, 2025
Oil & Gas Opec+ decided on July output hike to punish over-producers The world’s largest group of oil producers, Opec+, voted through another production increase of 411,000 barrels per day (bpd) for July in an attempt to wrestle back market share and punish over-producers. Having spent years curbing production – more than five million bpd or 5 percent of world demand – eight Opec+ countries agreed a modest output […] June 2, 2025
Real Estate Dubai issues Middle East’s first tokenised property certificate Dubai has issued its first tokenised property certificate, moving tokenisation of real estate from the realm of theory to practice. Tokenisation is the process of creating and trading digital tokens that are backed by real-world assets on a blockchain. It enables direct and verifiable peer-to-peer transactions. The certificate’s launch follows the successful sale of the […] May 30, 2025
Editor's Insight Energy Middle East has the keys to unlock carbon capture Humdrum issues such as modular construction and international standards will go a long way to encouraging more carbon capture and storage (CCS), according to delegates at Oman Sustainability Week in Muscat this month. Modular approaches should help cut costs on everything from maintenance to transport to engineering. International standards, meanwhile, on what constitutes low-carbon fuel […] May 30, 2025
Video length: 03:49 VIDEO Banking and Finance Crypto crimes drop due to blockchain transparency Illicit activity in cryptocurrency transactions has plummeted as a result of investment in compliance levels across the digital asset industry. Binance, the world’s largest cryptocurrency exchange platform, says shadowy practices including money laundering have dropped from 0.6 percent to 0.15 percent. More traditional currencies, which are usually issued by governments, last year had a much […] May 29, 2025 In association with
Analysis Agriculture African and local sheep on the menu as livestock trade shifts As Eid al Adha approaches, consumers in Saudi Arabia and the wider Gulf region can expect imports of animals and meat of varying provenance from their traditional suppliers, analysts say. African exporters and Gulf self-sufficiency projects are stepping in to fill gaps in the Middle East’s livestock supply as Australian and other providers step back. […] May 29, 2025
Oil & Gas Oil climbs 1% as US court blocks Trump’s tariffs Oil prices rose on Thursday after a US court blocked most of President Donald Trump’s tariffs from taking effect. Markets are also watching out for potential new US sanctions curbing Russian crude flows and an Opec+ decision on hiking output in July. Brent crude futures climbed 78 cents, or 1.2 percent, to $65.68 a barrel. US West […] May 29, 2025
