European natural gas prices surged sharply by around 30 per cent on March 9, amid growing uncertainty in global energy markets and escalating military tensions in the Middle East, raising fears of prolonged supply disruptions.
The Middle East, historically a cornerstone of global oil and gas supply, is poised to emerge as a significant hub for asset decommissioning, with around 700 offshore facilities currently awaiting action and projections indicating an increase to 1,000 structures and 300 wells by 2038.
Egis has announced that it had played a major role as lead design consultant and construction supervisor for the Natural History Museum Abu Dhabi, one of the most technically complex cultural institutions in the Middle East, which officially opened its doors late last year.
NTT Data, a global leader in AI, digital business and technology services, has acquired Zero&One, an Amazon Web Services (AWS) premier tier services partner in the Middle East and North Africa region, in a move aimed at boosting its cloud capabilities across the region.
Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report.
The 2026 sovereign credit outlook for the Middle East region is stable thanks to the continued economic and credit resilience despite elevated geopolitical tensions and lower oil prices, said a S&P report, adding that the average regional growth is set to accelerate slightly to about 3.5%.
Union Bancaire Privée (UBP), one of the world’s largest family-owned private banks headquartered in Geneva, Switzerland, has appointed Fahd Iqbal as Head of Investment Services, Dubai.
With the Middle East and Africa (MEA) expecting a $3 trillion project pipeline in real estate and infrastructure between 2026-2030, the region is poised for sustained high performance in 2026, according to JLL.
The 2026 sovereign credit outlook for the Middle East region is stable, said S&P Global Ratings, reflecting its expectation of continued economic and credit resilience despite persistent and elevated geopolitical tensions and lower oil prices.
Emsteel Group, one of the region’s largest publicly traded steel and building materials manufacturers, has signed a strategic deal with Metal Park, the world’s first fully integrated, pay-as-you-go metals ecosystem, in a move aimed at boosting productivity and competitiveness for fabricators across UAE and wider region.
