IEA delivers grim gas supply forecast as oil notches 15% weekly rise A wave of new LNG supplies will be delayed for at least two years due to war-related damage to Qatari energy infrastructure, according the International Energy Agency's latest market update. Qatar
Why did the Met Opera lose its Saudi funding deal? The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years. Saudi Arabia
Which airlines are cutting flights amid Hormuz fuel disruption? European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies. Iran
How are Iran-linked tankers still moving through Hormuz blockade? At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa. Iran
Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock By Samuel Wendel In Washington, DC, reporting on regional business and tech
Morocco’s agricultural, fishing sectors plunge in 2024 amid drought, climate strain Agriculture is a pillar of the Moroccan economy, and in 2023, it amounted to more than 11% of the country’s gross domestic product. Morocco
Egypt launches 5G network as North Africa's digital push accelerates North African states are moving to introduce high-speed internet and data-intensive applications to business and government sectors in the face of increasing demand. Egypt
Iran oil exports to China fall sharply amid US sanctions, weakened demand China is by far Iran’s largest customer for oil, snapping up around 90% of the Islamic Republic’s shipments. Iran
UAE's Alterra targets Italian solar as part of $250B green finance drive The Emirati private investment fund aims to mobilize $250 billion through partnerships in global climate finance annually. United Arab Emirates
Mideast airlines to deliver industry’s highest profit margins in 2025 The region's airlines are forecast to hit a profit margin of 8.7% in 2025, slightly lower than last year's figure of 8.9% but the highest in the industry. Saudi Arabia
Japan unfreezes assets of 4 Syrian banks while most sanctions remain Tokyo has been moving more cautiously than its Western allies in liftin sanctions on Syria and still has many in place. Syria
Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity Syria’s electricity grid needs extensive expansion after 14 years of civil war. Syria
China expands visa-free policy to Saudi Arabia, Oman, Bahrain, Kuwait During a landmark summit in Malaysia, China announced an exemption for nationals from Saudi Arabia, Oman, Bahrain and Kuwait from the need for entry visas. China
Saudi Arabia's flyadeal joins growing list of airlines flying to Syria Several regional airlines have resumed or plan to resume flights to Syria. Saudi Arabia
Gulf states court China, ASEAN at landmark Malaysia summit: What to know The Gulf Cooperation Council’s summit with the Southeast Asia bloc was expanded to include China, bringing the emir of Qatar and Saudi Arabia’s top diplomat to Malaysia. Qatar
Analysis US sanctions relief key to Syria’s recovery but hinges on global coordination The levies include secondary sanctions targeting individuals or companies who engage with Damascus, so private sector companies will only move after a US green light. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
China expands foothold in Egypt’s Suez with $17M garment deals China has signed more than a billion dollars' worth of deals in the Suez Canal Economic Zone this year as the waterway reels from the Red Sea crisis. Egypt