A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz.
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QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said.
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Armed attacks on nuclear facilities should never take place and could result in radioactive releases with grave consequences within and beyond the boundaries of the state which has been attacked, IAEA has warned.
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Iran’s retaliatory strikes across the Gulf have disrupted some business activity in one of the world’s most trade-dependent regions, forcing temporary airport closures, interrupting port operations and unsettling financial markets , while the private sector remains resilient according to authorities.
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Global markets are heading into a high-risk open on Monday after joint US and Israeli military operation against Iran, dramatically escalating tensions across one of the world’s most systemically important energy corridors. Brent crude closed the week near seven-month highs around $73 per barrel.
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The Iranian attacks on GCC countries and Jordan constitute a serious violation of the sovereignty of these countries, the principles of good neighbourliness, and a clear breach of international law and the Charter of the United Nations, regardless of any justifications or pretexts, the Ministerial Council of the Gulf Cooperation Council (GCC) said.
Global oil prices surged on Monday as escalating hostilities in the Middle East rattled energy markets, raising fears of a prolonged supply disruption from one of the world’s most critical oil-producing regions.
OPEC Plus agreed to raise April oil output by 206,000 barrels per day, citing stable market conditions and falling inventories, while maintaining flexibility to gradually reinstate its 1.65 million bpd voluntary production cuts if needed.
Aviation across the Gulf and beyond descended into turmoil after US and Israeli strikes on Iran triggered retaliatory missile and drone attacks across the region, forcing several Gulf states to shut or restrict their airspace and suspend commercial flights.
At least three tankers were damaged off the Gulf coast after US and Israeli strikes on Iran triggered Iranian retaliation that put merchant ships at risk of collateral damage, Reuters said quoting shipping sources and officials.
An Iranian Jamaran-class corvette was struck by US forces during the start of Operation Epic Fury, said US Central Command. The ship is currently sinking to the bottom of the Gulf of Oman at a Chah Bahar pier, it said.
Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war, reported Reuters, citing senior analysts.
Oman, which was spared retaliation on Saturday, today reported its Duqm commercial port was targeted by two drones, wounding one worker.
Emirates and Qatar Airways as well as low-cost carrier Air India Express have announced suspension of flights due to regional airspace closures following retaliatory strikes by Iran on US bases in the Gulf, residential districts and other facilities.
Saudi Energy (formerly Saudi Electricity Company) has invited bids from leading utility developers and energy project specialists for setting up 380kV substations and associated overhead transmission lines (OHTL) related to upcoming Renewable Energy Projects across Saudi Arabia.
A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz.
The global travel industry convenes in Berlin as ITB Berlin 2026 opens March 3–5 at Berlin ExpoCenter City, celebrating its 60th anniversary under the theme “Discover the stories behind 60 years of legacy”.
Saudi Energy (formerly Saudi Electricity Company) has invited bids from leading utility developers and energy project specialists for setting up 380kV substations and associated overhead transmission lines (OHTL) related to upcoming Renewable Energy Projects across Saudi Arabia.
Iran’s retaliatory strikes across the Gulf have disrupted some business activity in one of the world’s most trade-dependent regions, forcing temporary airport closures, interrupting port operations and unsettling financial markets , while the private sector remains resilient according to authorities.
RAK Properties, a leading UAE real estate developer, has announced the sales for Lunara on The Strand, a prime development featuring 583 homes across a collection of three connected towers within the Marjan Beach District in Ras Al Khaimah. The project is set for completion in Q1 2029.
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
AlMabarrah AlKhalifia Foundation (MKF) has opened the registration for its 'Rayaat' scholarship programme for the 2026–2027 academic year. This year’s program is offering undergraduate scholarships in partnership with University of Bahrain and Bahrain Polytechnic.
Samsung has announced the Galaxy S26 Series, powered by the most intuitive and adaptive Galaxy AI experiences yet, designed to simplify daily tasks, the company said.
The Dubai Financial Services Authority (DFSA), the independent banking, financial services and markets regulator of Dubai International Financial Centre (DIFC), has announced the temporary closure of Nasdaq Dubai, effective March 2 to 3, 2026.
Amazon cloud unit's data centres in Bahrain and the United Arab Emirates were facing connectivity issues on Monday, a Reuters report said quoting the company.
Abu Dhabi’s transport regulator has initiated a pilot programme for autonomous freight trucks - in tieup with global company Autotech - a move aimed at preparing regulatory frameworks for the commercial rollout of driverless logistics services. It was implemented within Khalifa Economic Zones Abu Dhabi (Kezad).
Qatar’s Ministry of Interior announced on Sunday that Civil Defence responded to a minor fire in the industrial area caused by debris falling after a missile was intercepted.
Three US F-15E Strike Eagles flying in support of Operation Epic Fury went down over Kuwait due to an apparent friendly fire incident, the US Central Command (Centum) said in a X message.
