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Middle East business news serving the Arabian Gulf region. We break important stories and provide authoritative opinion and analysis.
- 151articles · 30d
- 9+ hour agolatest article
- Aug 17, 2026earliest in window
- 92%with images
- 322avg words
- Economy, Business & Finance 126
- Finance & Business 57
- Business & Industrial 54
- News 43
- Industrial 39
- Transportation 23
- Conflict, War & Peace 14
- Finance 12
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News
Iraq says its oil exports are close to pre-conflict levels | AGBI
4+ day, 2+ hour ago (269+ words) Iraq’s crude exports through the Strait of Hormuz have surpassed 3 million barrels per day (bpd) for the first time since the US-Iran conflict erupted in late February, oil minister Bassim Khudair said. Khudair said Iraq’s crude exports were no higher…...
Iraq drains $16bn from reserves after oil revenues slump
5+ day, 2+ hour ago (275+ words) Iraq’s foreign-currency reserves fell by nearly $16 billion in four months this year as the government tapped them to pay civil servants. The reserves have been sliding since the outbreak of the Iran-US conflict and the subsequent closure of the Strait…...
Kuwait exploring Saudi and UAE oil pipeline links
5+ day, 17+ hour ago (444+ words) Kuwait is considering oil pipeline links with Saudi Arabia and the UAE as disruption in the Strait of Hormuz constrains its exports, a state energy official has said. “All options are open” and the country is “speaking with everyone” in…...
Qatar budget gap widens on wartime erosion of state coffers
6+ day, 9+ min ago (276+ words) Qatar’s fiscal deficit widened significantly in the second quarter of 2026, as the start of the Iran war in February curtailed the Gulf state’s energy exports. The budget gap hit QAR21.2 billion ($5.8 billion), versus QAR800 million in the second quarter of 2025 and QAR10.3 billion…...
Hormuz showdown looms as oil nears $100
6+ day, 2+ hour ago (758+ words) Crossing the price threshold would signal a new phase in the conflict Brent crude oil appears to be heading inexorably towards $100 a barrel. Traders and analysts often talk of this as “psychologically significant”, though there is nothing fundamentally different in…...
UAE and Bahrain could be next to embrace fracking
6+ day, 13+ hour ago (851+ words) The UAE and Bahrain are set to become the next Gulf countries to use fracking to boost oil and gas supplies as the region scrambles to increase production, industry experts say. Much of the envisaged new gas supply would help…...
The case for an independent fiscal watchdog in Saudi Arabia
1+ week, 8+ hour ago (709+ words) Saudi Arabia’s public debt is rising substantially, driven by Vision 2030 investment as well as the US-Israeli war with Iran. While the debt load is generally considered sustainable over the medium term, questions remain about whether Saudi Arabia has the institutional…...
Vessel attacks by US and Iran push oil prices higher
1+ week, 9+ hour ago (361+ words) Oil prices rose in early trading on Monday after the US and Iran struck vessels in the Strait of Hormuz on Saturday. Traffic through the waterway fell to its lowest level in three months, according to a maritime vessel-tracking company....
UAE leads Gulf business rebound from war disruption
1+ week, 4+ day ago (615+ words) Non-oil business activity strengthened across the Gulf in August as companies adapted to disruption from the US-Israeli war with Iran, with the sector in the UAE recording its fastest growth in nearly two years. Surveys point to a broader recovery…...
Egypt plans $4.5bn refinery upgrade to cut fuel imports
1+ week, 5+ day ago (306+ words) Egypt plans to invest $4.5 billion upgrading its oil refineries as the country seeks to reduce its reliance on imported fuel. Energy and mineral resources minister Karim Badawi said Egyptian refineries are operating at 80 percent of capacity compared with 66 percent two…...