Saudi Arabia’s Non-Oil Sector Contracts in March Amid Middle East Tensions, PMI Shows

Investment
Saudi Arabia’s non-oil sector contracted temporarily in March for the first time since 2020. This decline reflected the impact of geopolitical tensions in the Middle East on the private sector. Data from the Riyad Bank Purchasing Managers’ Index (PMI), compiled by S&P Global, showed the headline index dropping from 56.1 in February to 48.8 in March. Crossing below the 50-point...
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Iraq Can Rapidly Restore Oil Exports if Strait of Hormuz Reopens, Says Basra Oil

Iraq says it could quickly restore crude oil exports if the Strait of Hormuz reopens. That would offer major relief after weeks of severe...

QatarEnergy and ExxonMobil Begin First LNG Shipments, Strengthening Qatar’s Global Market Role

The partnership between QatarEnergy and ExxonMobil will ship its first cargoes this quarter. This move strengthens Qatar’s position in global LNG markets and diversifies...

Saudi Arabia’s Non-Oil Sector Contracts in March Amid Middle East Tensions, PMI Shows

Saudi Arabia’s non-oil sector contracted temporarily in March for the first time since 2020. This decline reflected the impact of geopolitical tensions in the...
Oil and Gas

QatarEnergy and ExxonMobil Begin First LNG Shipments, Strengthening Qatar’s Global Market Role

The partnership between QatarEnergy and ExxonMobil will ship its first cargoes this quarter. This move strengthens Qatar’s position in global LNG markets and diversifies its supply routes. Saad Sherida Al-Kaabi, Qatar’s minister of state for energy affairs and CEO of QatarEnergy, said the Qatar LNG deal is part of a far-sighted strategy. He emphasized that the investment enhances energy security...

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Iraq Aviation Losses Climb Daily as Airspace Remains Closed

The Iraq aviation losses continue rising each day as the country’s airspace stays closed amid growing Middle East tensions. Since June 13, Iraq has...
Investment

Oman Industrial Growth Sparks Export Boom and FDI Surge

Oman’s economy is accelerating thanks to rapid progress in the Omani manufacturing sector. Strategic reforms and strong policies have driven both exports and foreign investment....
Iraq

Solar Energy Iraq Karbala Launches First Industrial Solar Plant

Solar Energy Iraq takes a major step forward as the country prepares to inaugurate its first industrial-scale solar power plant in Karbala. The launch...
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Iraq Food Assistance at Risk Due to Funding Shortages

The Iraq food crisis is worsening as thousands of vulnerable families face losing vital food assistance. Funding shortfalls have forced aid organizations to cut...
Financial

UAE EV Insurance Premiums Remain Higher Despite Market Stability

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Electric vehicle insurance premiums in the UAE EV are 20 to 35 per cent higher than those for conventional cars, even though overall car insurance prices have remained stable this year. According to insurance and automotive experts, this gap...

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