Middle East Window: news, economy and analysis from across the Middle East

Motorists across the UAE will see their fuel costs fall for the first time in four months, providing welcome relief for household budgets and business operating expenses. This unexpected cut comes despite rising global oil prices.

Energy

While the government insists it has no need for external borrowing, a record-setting draft budget still projects a significant deficit for the coming year.

Iraq

Houthi strikes on Saudi oil facilities and Strait of Hormuz incidents have pushed Brent crude prices to their highest in five months. This surge could reshape government budgets and business costs across the region.

Energy

These significant increases, following earlier hikes in October, will impact heating, transport, and petrochemical costs across the Middle East and Asia.

Energy

Baghdad is making strides in capturing flared gas and courting international partners, including Russia, to power its economy and reduce reliance on imports.

Iraq

Iraqi Prime Minister Ali al-Zaidi's visit to Syria signals a pragmatic shift. Discussions focused on reviving the historic Kirkuk-Baniyas oil pipeline, a move that could reshape regional energy flows.

Energy

OPEC+ is set to keep oil output steady for December, but ongoing Middle East tensions are keeping Brent crude prices on a rollercoaster, impacting regional revenues and business confidence.

Gulf

The European Investment Bank is expanding its funding for Egypt's sustainable projects, from solar power to water infrastructure. This partnership aims to strengthen the economy and create jobs.

Energy

The revolving credit facility will provide a financial buffer for the energy giant's ambitious capital expenditure program as it balances traditional energy with new growth areas.

Energy