The Middle East’s MICE sector signals strong economic confidence, with rapid growth driven by venue investment and global partnerships. The UAE and Saudi Arabia lead, with markets projected to reach $9.26 billion and $5.33 billion by 2030, advancing diversification and regional competitiveness.
TotalEnergies says the Middle East conflict has forced production shutdowns or pending closures in Qatar, Iraq and offshore United Arab Emirates fields, affecting around 15 per cent of its total output.
SLB is monitoring the Middle East situation, prioritising employee safety, suspending travel, and demobilising operations. First-quarter revenue is expected lower, with earnings impacted. Despite disruptions, the company remains confident in its global business resilience.
IMF Managing Director Kristalina Georgieva warned the escalating US-Israel-Iran conflict risks pushing global inflation higher, after oil prices surged more than 30 per cent in Asian trading to their highest levels since 2022.
Intech has renewed its certification under ABB’s Value Provider Programme for Control Systems, maintaining its status as an authorised System Integrator for selected ABB control technologies across the Middle East.
The Middle East’s aviation and cruise sectors are expanding globally, reinforcing the region as a key travel hub, and will be highlighted at Arabian Travel Market (ATM) 2026, May 4–7 in Dubai.
The Middle East’s short-term rental market is set to reach $8.7 billion by 2030, fueled by tourism growth, regulatory reforms, and changing traveller preferences, according to a new white paper published by UnderTheDoormat Gro. Saudi Arabia offers the largest growth potential, driven by Vision 2030, rising inbound tourism, and initiatives to utilise vacant properties.
ProSep has secured a new contract to supply its proprietary mixing technology to a regional operator, delivering three Annular Injection Mixers (AIM) for a Saudi Arabian oilfield.
As artificial intelligence emerges as a transformative force in the clean energy sector, the World Future Energy Summit 2026 will spotlight its vast potential to reshape energy production, transmission, and efficient, data-driven distribution.
A new PwC Middle East report, ' AI at the heart of tourism and hospitality: powering personalisation, efficiency and growth', reveals that while 91% of regional industry leaders are already piloting or using AI technologies, only 3% have achieved full-scale implementation.
