CAIRO — Egyptian President Abdel Fattah El-Sisi welcomed UAE President Sheikh Mohamed bin Zayed Al Nahyan to Cairo on Monday for talks that reflected growing efforts among regional powers to consolidate stability following the recent Iran crisis and support a diplomatic path toward a broader Middle East security framework. The visit comes as governments across […]
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Middle East tension has pushed up energy prices and boosted demand for South African coal, raising questions about climate commitments and exports
The Middle East fuel shock is exposing a weakness in the global energy system that crude prices alone cannot capture: the world has too little spare refining capacity in the right places, just as demand for diesel, jet fuel and gasoline enters its most politically sensitive season. Executives at the S&P Global Middle East Petroleum […]
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For much of the conflict between Iran, the United States and Israel, global markets have focused on oil. Every military escalation has triggered speculation about energy supplies, while every ceasefire report has pushed crude prices lower. Yet a quieter market may be delivering a more important signal about the war’s economic consequences. Insurance. Over the […]
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Bitcoin fell to its lowest level since early May as the Iran war triggered a sharp repricing of risk across global markets, hitting cryptocurrencies alongside equities and other speculative assets. The world’s largest cryptocurrency dropped to around $76,500 during Asian trading, its weakest level since May 1, before recovering modestly toward the $77,000 range. Ether, […]
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Egypt has signed a new upstream oil and gas agreement worth a minimum of $208 million for the integrated Badr El Din concession in the Western Desert, as Cairo seeks to accelerate exploration activity, raise domestic production and attract further foreign investment into one of the country’s most important producing regions. Minister of Petroleum and […]
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The ongoing conflict involving Iran has already imposed more than $25 billion in costs on global companies, according to a Reuters analysis, as soaring energy prices, disrupted shipping routes, and fractured supply chains continue pressuring industries across Europe, Asia, and North America. Reuters reported that at least 279 companies have cited the conflict as a […]
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Cairo will host the 32nd Annual International Conference and Exhibition of the Arab Fertilizer Association from 16 to 18 June 2026, bringing together senior executives, policymakers, technology providers and industry experts at a time when fertilizer markets are becoming increasingly central to global food security, energy economics and geopolitical stability. The conference, scheduled to take…
Egyptian fertilizer exporters capture 15% of India’s latest import tender Egyptian fertilizer producers have secured major export contracts with India as the Gulf energy crisis disrupts global supply chains and forces energy-importing economies to adopt energy-saving measures, prompting Indian Prime Minister Narendra Modi to urge citizens to reduce fuel consumption and limit non-essential…
Saudi oil giant Saudi Aramco reported a sharp rise in first-quarter profits for 2026, benefiting from soaring crude prices and increased energy exports amid escalating geopolitical tensions across the Gulf region and disruptions surrounding the Strait of Hormuz. According to a statement published on the Saudi stock exchange, Aramco’s net income rose by 25.5% year-on-year during […]
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Russian President Vladimir Putin said he believes the war in Ukraine may be approaching its final stage, in remarks delivered shortly after Moscow’s most scaled-back Victory Day parade in recent years. “I think that the matter is coming to an end,” Putin said in comments referring to the conflict, while also signaling willingness to discuss […]
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Iranian retaliation and Israeli air strikes are spreading across Gulf states and Lebanon, rattling energy markets and exposing deep divisions at the United Nations