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Middle East

The Middle East is a transcontinental region spanning Western Asia and parts of North Africa, characterised by its strategic location at the crossroads of Europe, Asia and Africa. The region encompasses countries including Saudi Arabia, the United Arab Emirates, Iran, Iraq, Kuwait, Qatar, Bahrain, Oman, Yemen, Israel, Palestine, Jordan, Lebanon, Syria and sometimes Egypt and Turkey, though definitions vary. It is home to an estimated 400-million people and holds immense geopolitical and economic significance owing to its vast hydrocarbon reserves, which account for a substantial share of global oil and natural gas production and exports. The Middle East's energy resources have shaped global markets for decades, with key chokepoints such as the Strait of Hormuz serving as critical arteries for international oil shipments. Beyond energy, the region's economy encompasses finance, trade, construction, tourism and increasingly diversified sectors as several Gulf states pursue economic transformation agendas. Major cities such as Dubai, Riyadh, Abu Dhabi, Tehran, Tel Aviv and Cairo function as commercial, financial and cultural hubs. The region is also the birthplace of three major world religions—Judaism, Christianity and Islam—and contains sites of profound historical and cultural importance. Political dynamics in the Middle East are complex, marked by a mix of monarchies, republics and theocracies, ongoing conflicts, regional rivalries and shifting alliances. In recent years, several Middle Eastern nations have announced ambitious renewable energy and nuclear programmes as part of efforts to diversify energy supply and reduce reliance on fossil fuel exports. The region's strategic importance to global energy security, trade routes and geopolitical stability ensures it remains a focal point in international business and policy discussions.

Middle East News


Mining cost pressures accelerated in May as energy shock took hold
Mining cost pressures accelerated in May as energy shock took hold
Updated 4 hours ago By: Sabrina Jardim

Minerals Council South Africa has reported that mining input cost pressures accelerated sharply in May, reflecting the transmission of higher global energy prices into the South African economy... 


Coal plant
Japan cuts gas in favour of coal as Hormuz disruption chokes LNG
3rd July 2026 By: Bloomberg

Japan sharply reduced natural gas-fired power generation last month, instead relying more on coal, as disruptions around the Strait of Hormuz tightened supplies of the cleaner-burning fuel. The... 


Spinach
Agribusiness confidence slips to two-year low on cost and climate pressures
3rd July 2026 By: Marleny Arnoldi

Following an 18-point decline in the first quarter, the Agricultural Business Chamber of South Africa (Agbiz) and Industrial Development Corporation’s Agribusiness Confidence Index (ACI) fell... 


Gold bar
Australia runs surprise trade deficit with widest gap since 2015
2nd July 2026 By: Bloomberg

Australia fell into a surprise trade deficit in May as exports dropped the most all year, with imports extending a streak of gains caused in part by high fuel prices and data center demand.... 


Thungela maintains interim export guidance despite volatile coal markets
Thungela maintains interim export guidance despite volatile coal markets
30th June 2026 By: Sabrina Jardim

JSE-listed Thungela Resources says it continues to monitor the impact of the ongoing conflict in the Middle East on its employees and the broader operating environment, noting that, to date, the... 


Fossil generation ‘substituted’ by renewables in 2025 amid electricity tipping point
Fossil generation ‘substituted’ by renewables in 2025 amid electricity tipping point
30th June 2026 By: Terence Creamer

Record global electricity demand last year was met entirely by low-carbon sources, resulting in fossil fuels generation being substituted rather than supplemented, the Energy Institute’s... 


Shell logo
Shell expects 65% rise in global LNG demand by 2050
30th June 2026 By: Reuters

Global liquefied natural gas (LNG) demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power... 


Tanzania LNG – unlocking future growth across energy and industry
Tanzania LNG – unlocking future growth across energy and industry
26th June 2026

By: Ahmed Mohamed Ahmed Hegazy - Business Development Leader, Energy and Chemicals, Schneider Electric East Africa Tanzania’s energy and chemicals segment is projected to show tremendous growth in... 


Stuart Heather-Clark, SLR Consulting Power Sector Lead Middle East and Africa
Exciting gigawatt-scale projects across Africa, SLR reports
26th June 2026 By: Martin Creamer

To combat climate change, the world needs green molecules in addition to green electrons. “If we look how the economy is carbonised, an electron can only decarbonise between 60% to 70% of the... 


A generic image of mineralised uranium
Lotus Resources outlines operational, funding challenges in Malawi
25th June 2026 By: Lumkile Nkomfe

ASX-listed Lotus Resources has temporarily halted production at its Kayelekera uranium mine, in Malawi, owing to equipment damage and a supply disruption in a third-party acid supply chain linked... 


Vedanta's aluminium smelter in India
Vedanta completes historic demerger, lists four new companies in India
25th June 2026 By: Marleny Arnoldi

Global diversified miner Vedanta Group has passed a defining milestone in Indian corporate history with the successful listing of four newly demerged companies on the Bombay Stock Exchange and... 


Crude oil pouring from drilling rig well
Alberta in talks with Japan on boosting Canadian crude imports
23rd June 2026 By: Reuters

The government of Alberta, Canada's main oil-producing province, is in talks to export more crude oil to Japan and reduce that country's reliance on the Middle East, the province's Energy Minister... 


An image of the new public square at Longkloof Precinct
Local architectural studio joins global collective, expanding its reach
19th June 2026 By: Nadine Ramdass

South African architectural studio dhk Architects has joined global architecture firm Egis Group’s 10N collective, marking a significant milestone in the Cape Town- and Johannesburg-based studio's... 


Platinum jewellery.
Platinum jewellery generates highest demand level since 2019
18th June 2026 By: Martin Creamer

Despite metal price and import tariff headwinds, platinum jewellery delivered growth across all markets in 2025, generating the highest demand level since 2019. South Africa is the world's largest... 


Infrastructure development at speed – the digital twin advantage
Infrastructure development at speed – the digital twin advantage
17th June 2026

By: Johan Potgieter - Cluster Industrial Software Lead at Schneider Electric Large infrastructure projects have a stubborn reputation. Globally, major capital works such as transport corridors,... 


Oil rig operation in Iran
IEA sees significant 2027 oil surplus after Hormuz recovery
17th June 2026 By: Reuters

The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in its monthly oil market... 


Image of the Atlas Copco X-Air 900-20 portable air compressor
Air compressors for tough drilling applications
12th June 2026

Atlas Copco has expanded its DrillAir portfolio of portable air compressors with the launch of a solution designed for demanding drilling applications in Africa, Australia and New Zealand, Central... 


IEA executive director Fatih Birol
Countries prioritising domestic energy options amid ‘largest-ever energy security crisis’
12th June 2026 By: Terence Creamer

Countries are increasingly prioritising domestic energy resources as they seek to reduce their reliance on imported fuels in response to what the International Energy Agency (IEA)  is describing as... 


Alcoa refinery
Alcoa flags lower Australian alumina shipments after cyclone
11th June 2026 By: Reuters

US-based bauxite, alumina, and aluminum producer Alcoa Corporation expects shipments from its Pinjarra alumina refinery in Australia to fall by around 120 000t in the second quarter compared to the... 


World Platinum Investment Council Director of Research Edward Sterck.
Investment demand for platinum still extremely strong – WPIC
5th June 2026 By: Martin Creamer

Investment demand for platinum remains extremely strong, with market fundamentals continuing to support platinum as a compelling investment. Market tightness suggests that there is insufficient... 


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