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...
Tag : Middle East
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...
Africa faces food security strain as Iran conflict rattles trade
Food prices are being felt mainly by vulnerable African households, given the fact that most countries are still growing at rates below pre-COVID levels...
Renewable shift is being driven by affordability, efficiency and resilience: Rana Adib
REN21 Executive Director Rana Adib shared her insights on the prospect of Asia going aggressive on renewable adaptation to secure its energy and economic outlook...
Exxon and QatarEnergy’s joint venture produces first LNG at Texas facility
The development gives a major breather to QatarEnergy, which has been compelled to declare force majeure on its production activities due to the Iran war...