QatarEnergy's force majeure on affected liquefied natural gas supply contracts has become one of the most important energy market developments of 2026,…
The World Meteorological Organization warns of an 80% likelihood of El Niño during June–August 2026, with conditions likely persisting through November. The…
Fitch's latest UAE rating action sends a clear message: the country's credit strength remains intact, but the economic transmission channels from regional…
Moody's affirmation of Saudi Arabia at Aa3 with a stable outlook highlights how sovereign strength is increasingly being assessed through fiscal buffers,…
The International Monetary Fund expects Egypt’s economy to grow 5.1 percent in 2026 and 4.7 percent in 2027. Its October World Economic Outlook, released on 13 October, also forecasts double-digit 2027 rebounds for Qatar at 18.8 percent, Kuwait at 17.1 percent and Bahrain at 13.9 percent, with Saudi Arabia at 7.9 percent and the UAE…
International Monetary Fund Managing Director Kristalina Georgieva described artificial intelligence as “a slow-moving tsunami, but tsunami none the less” at her first appearance at the fund and World Bank annual meetings in Bangkok on 12 October, Bloomberg reported, warning of its threat to the labour market and to taxation and urging policymakers to rethink education….
The International Energy Agency (IEA) has invited all 32 of its member governments, including those that have already delivered their March pledges in full, to assess whether additional diesel releases are needed, in a letter from Executive Director Fatih Birol, announced by the agency on 11 October, ahead of its Governing Board meeting on 15…
For half a century, when energy prices surged, the Gulf gained; the surge of 2026 is taxing it instead. That inversion is the central finding of the World Bank Group’s October 2026 economic update for the Middle East, North Africa, Afghanistan and Pakistan region, and the subject of The Edge’s new report, A Reversal of…
S&P Global Ratings affirmed the United Kingdom’s unsolicited AA long-term and A-1+ short-term sovereign credit ratings on 9 October in a research update published at 20:01 GMT, kept the outlook at stable and raised its forecast for real GDP growth in 2026 to 1.3 percent from its April estimate of 1.1 percent. The agency expects…
S&P Global Ratings affirmed Egypt’s ‘B/B’ long- and short-term foreign and local currency sovereign credit ratings on 9 October and kept the outlook stable. The agency said exchange rate flexibility, energy price adjustments and targeted social support had helped contain the immediate pressures from the Middle East conflict. It said record remittances, tourism receipts and…
UNCTAD expects world output growth to slow to 2.6 percent in 2026 from 2.9 percent in 2025, before edging up to 2.7 percent in 2027, according to its Trade and Development Report 2026 published on 9 October. The report also puts world trade at a record 35 trillion dollars in 2025 and expects Asia to…
Fitch Ratings affirmed Egypt’s long-term issuer default rating at B with a Stable Outlook on Thursday, citing fairly high potential growth, strong support from bilateral and multilateral partners and the size of the economy. Hours later the Ministry of Finance said the budget recorded a primary surplus of 4.9 percent of GDP in the fiscal…
The World Trade Organization raised its forecast for growth in world merchandise trade volume this year to 3.9 percent from 1.9 percent in March, as spending on artificial intelligence infrastructure lifted trade in chips and servers by more than the Middle East conflict weighed on shipments of fuels and fertilisers. It raised its 2027 forecast…
International Energy Agency member governments backed speeding up the oil stock releases agreed in March so they can be completed as soon as possible, and supported giving priority to diesel where they can, the agency said after a meeting on 7 October. It cited the current tightness in diesel markets. Approximately 100 million barrels pledged…