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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


Supply chain industry body commends citrus export milestone but warns supply chain challenges could sour continued growth
Supply chain industry body commends citrus export milestone but warns supply chain challenges could sour continued growth
3rd June 2026

“Our citrus sector has demonstrated remarkable resilience in an increasingly volatile supply chain environment. It is proof that South Africa produces world-class agricultural products, but... 


No sweet spot found yet as govt, auto industry mull shoring up local manufacturing
29th May 2026 By: Irma Venter

The South African automotive industry and government have not yet found “that sweet spot” that would shore up the local manufacturing sector as it faces declining local parts content and increasing... 


Global PVC Market Shifts Under Spotlight at SAVA’s 14th AGM
Global PVC Market Shifts Under Spotlight at SAVA’s 14th AGM
28th May 2026

The Southern African Vinyls Association (SAVA) hosted its 14th Annual General Meeting (AGM) on 21 May 2026, bringing together key stakeholders from across the PVC value chain to reflect on the past... 


World Platinum Investment Council Director of Research Edward Sterck.
Investment demand for platinum still extremely strong
18th May 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... 


World Bank warns largest energy price surge in four years will drive inflation
15th May 2026 By: Schalk Burger

Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity... 


Omnia financial director Stephan Serfontein
Omnia prioritises supply chain security and nutrient efficiency as global fertiliser market uncertainty persists
14th May 2026 By: Mariaan Webb

Diversified chemicals group Omnia is using Nampo Harvest Day 2026 to highlight its response to global fertiliser market uncertainty, with the company having made significant supply chain... 


A pumpjack
Global oil supply to plunge below demand this year on Iran war, IEA says
13th May 2026 By: Reuters

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency (IEA) said in its monthly oil market report on... 


Aluminium blocks
CRU sees aluminium prices above $4 000/t due to Iran war
12th May 2026 By: Reuters

Aluminium prices are expected to be above $4 000 per metric ton between the third quarter of 2026 and the second quarter of 2027 due to a market deficit caused mainly by the Iran war, an analyst... 


Discussion panel and attendees at Memsa event to boost opportunities for South Africa’s OEMs.
Growth’s not an entitlement, investment’s not a given, Memsa event hears
8th May 2026 By: Martin Creamer

Growth is not an entitlement and capital investment is not a given. These were two key points that Minerals Council South Africa CEO Mzila Mthenjane emphasised during a Mining Equipment... 


A generic image of a turquoise lake formed as a result of mining waste
Risk indicators detected as challenges escalate
1st May 2026 By: Lumkile Nkomfe

South Africa’s declining water management competency is revealing a critical fault line in the mining sector, which is developing an inability to sufficiently act on early warning signals. While... 


Silver bars
Persistent deficit, firm investment demand underpin silver outlook
1st May 2026 By: Marleny Arnoldi

US-based industry body The Silver Institute expects total demand to decrease modestly by 2% year-on-year this year to 1.11-billion ounces, given sustained high prices that impact jewellery and... 


IMF says Middle East war should spur faster adoption of renewable energy
IMF says Middle East war should spur faster adoption of renewable energy
1st May 2026 By: Terence Creamer

The International Monetary Fund (IMF) says the war in the Middle East, which has precipitated an energy crisis similar in scale to the 1970s oil crisis, should spur countries to accelerate their... 


World Bank warns largest energy price surge in four years will drive inflation
28th April 2026 By: Schalk Burger

Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity... 


BMI revises lithium price forecast upwards amid tightening supply
BMI revises lithium price forecast upwards amid tightening supply
24th April 2026 By: Sabrina Jardim

Research firm BMI – a Fitch Solutions Company – is revising up its average lithium price forecast for this year to $17 000/t for Mainland Chinese lithium carbonate 99.5% and $16 700/t for Mainland... 


LNG vessel
Middle East war could cause 120 bcm of LNG supply loss from 2026 to 2030 - IEA
24th April 2026 By: Reuters

The Middle East conflict could result in the loss of around 120-billion cubic metres (bcm) of cumulative liquefied natural gas (LNG) supply between 2026 and 2030, or 15% of expected global supply,... 


LNG tanks
Gas, fuel-focused funding to support economies amid Gulf crisis
24th April 2026

In an effort to support African and Caribbean economies affected by the ongoing Middle East conflict, multilateral trade finance institution African Export-Import Bank (Afreximbank) reports that it... 


New-vehicle sales up 17.3% in March, but April introduces new pressure, warns WesBank
24th April 2026 By: Irma Venter

South Africa’s new-vehicle market delivered its strongest March since 2007, with domestic sales reaching 58 060 units. According to naamsa | the Automotive Business Council, this represents a 17.3%... 


The Kamoa-Kakula smelter
Global refined copper market to swing to surplus in 2026, group says
23rd April 2026 By: Reuters

The global refined copper market is expected to shift to a surplus of 96 000 metric tons in 2026, reversing a previously forecast deficit of 150 000 tons, due to slower demand growth and increased... 


Nel ASA CEO Håkon Volldal and Nel CFO Kjell Christian Bjørnsen.
Hydrogen enables energy storage way beyond batteries, Nel emphasises
22nd April 2026 By: Martin Creamer

Electrolytic hydrogen enables long-term energy storage way beyond what batteries can provide, which is exemplified by a 200 MW hydrogen plant in the United States having larger storage capacity... 


South32's Cannington mine
South32 lowers full-year manganese guidance by 6%
22nd April 2026 By: Reuters

Diversified miner South32 lowered its full‑year forecast on April 22 for its Australia Manganese unit after wet-season rainfall and Tropical Cyclone Narelle disrupted operations. The company also... 


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