Africa’s air travel booms despite global disruptions due to Iran war
As per the African Travel & Tourism Association (ATTA), 70 non-African countries are expected to operate direct flights to the continent during 2026...
Tag : Middle East
Exxon’s net income falls to five-year low as Iran war affects output
About 20% of Exxon's oil and gas production is situated in the Middle East, making it the most affected among the global energy players...
OPEC Fund launches E-STAR to boost economic resilience
Economic resilience takes centre stage as the OPEC Fund for International Development rolls out its USD 1.5 billion E-STAR initiative to support trade stability and strengthen supply chains...
Global economy slows as Iran war energy shock drives inflation surge
Delivery times and output prices hit their highest levels since the post-COVID supply chain snarls and inflation wave peaked around four years ago...
Middle East conflict: Rystad sees massive repair costs for damaged energy facilities
Rystad sees total spending likely to average around USD 46 billion, with downstream refining and petrochemical assets accounting for the largest share...
S&P Global Ratings sees sukuk issuance dip tied to Middle East conflict
As per S&P Global Ratings, total issuance reached USD 62.4 billion in Q1 2026, compared with USD 52.6 billion seen in the similar period in 2025...
Middle East conflict: World Bank chief Ajay Banga sees massive global growth hit
World Bank chief Ajay Banga said that the economic fallout from the Middle East conflict is already feeding into weaker global expansion...
Chevron, Exxon expect windfall due to higher crude prices
Chevron is now expecting a USD 1.6 billion boost to USD 2.2 billion to its first-quarter upstream earnings versus the fourth quarter of 2025...
Despite strong March sales data, United Kingdom automobile market stares at uncertainty
As per the United Kingdom's SMMT, the volatile geopolitics, along with the surge in fuel costs, may lead to increased demand for electric vehicles, while risking pushing up energy and supply chain costs...
Oman ends FY 2025 with stable growth, non-oil GDP hits USD 74.6 billion
Oman's inflation remained contained at an average of 1.69% during January-February 2025/2026, indicating stable price levels that supported household consumption and business planning...