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The International Energy Agency expects global electric vehicle sales to keep growing in 2026, supported by higher fuel prices, lower battery costs, policy support and rising interest in reducing oil dependence. Key insights: The IEA expects electric car sales to reach 23 million units in 2026, equal to about 28% of global car sales. In…
Oman’s fiscal position improved significantly in the first quarter of 2026, with the budget deficit falling sharply despite oil revenue timing rules that mean the latest rise in crude prices has not yet fully appeared in government accounts. Key insights: Oman recorded a Q1 2026 budget deficit of OMR 25 million, compared with OMR 136…
The IMF is monitoring how the Middle East conflict is feeding into energy costs, fertilizer shipments, and food security, just as Egypt seeks progress on the latest reviews of its IMF supported program. The key issue is no longer only external financing. It is how higher energy, freight, and fertilizer costs could pass through into…
The Iran war is disrupting one of the market’s usual relationships: oil and the US dollar are rising together. Normally, a stronger dollar weighs on oil because crude is priced in dollars and becomes more expensive for buyers using other currencies. But after roughly 11 weeks of Middle East conflict and disruption to a vital…
President Abdel Fattah el-Sisi’s meeting with IMF Managing Director Kristalina Georgieva in Nairobi comes at a critical moment for Egypt’s reform program, as regional uncertainty continues to test energy security, food security, capital flows, and exchange rate flexibility. The meeting followed the IMF Executive Board’s approval of Egypt’s fifth and sixth reviews in February 2026,…