‘Operationally hazardous’ Red Sea remains open to shipping
Owners turn to Cape of Good Hope Saudi-linked vessels hard to identify Container market remains selective The Red Sea has become “operationally hazardous” for many operators but remains open to...
View ArticleLengthy Bab al-Mandab closure sets stage for fuel price crisis
More Saudi oil transits the strait Refined product values up sharply Prices to Asia could be hit hardest Prolonged closure of the Bab al-Mandab strait could trigger a global fuel price crisis,...
View ArticleIran insurance ‘coercion’ raises shipping sanctions jeopardy
Shipowners avoid Gulf voyages Duress does not offer automatic protection Crypto payments remain punishable Iranian coercion of vessels into buying insurance to pass through the Strait of Hormuz is...
View ArticleHormuz showdown looms as oil nears $100
Brent crude oil appears to be heading inexorably towards $100 a barrel. Traders and analysts often talk of this as “psychologically significant”, though there is nothing fundamentally different in the...
View ArticleGulf investors diversify Italian property purchases
Investors pick affordable units Trophy assets lose appeal War deters buyers in UAE When Mubadala Investment Company recently committed hundreds of millions of dollars to affordable housing in Italy,...
View ArticleUAE and Bahrain could be next to embrace fracking
Saudi and Oman use the technology Region seeks to raise energy output Costs higher than conventional means The UAE and Bahrain are set to become the next Gulf countries to use fracking to boost oil...
View ArticleArctic shipping corridor offers alternative to Red Sea route
Eight cargo sailings planned from China ‘Ice Silk Road’ could save 10-15 days Analysts: ‘Niche’ not a threat to Gulf An emerging Arctic shipping route may divert cargo away from the Red Sea and Suez...
View ArticleGulf family-business handover fuels mid-market dealmaking
$1tn succession wave Potential in logistics and healthcare Exits broaden beyond IPOs The transfer of $1 trillion of family-owned businesses to the next generation provides new opportunities for...
View ArticleHow I learned to stop worrying and love AI
I’m a journalist, and I use AI. There. I’ve said it. I have been wrestling with this confession for some time, rather like an alcoholic wondering whether he is quite ready to stand up at the meeting...
View ArticleWar insurance adds $8 to a barrel of oil
$2bn in claims since conflict began Premiums up to 10% of ship’s value Bessent’s ‘far-fetched’ Hormuz opinion War risk cover is adding up to $8 to the cost of a barrel of oil because of the Iran war,...
View ArticleEuropean airlines count the cost of Middle East disruption
Before the emergence of the “big three” – Emirates, Qatar Airways and Etihad – the Middle East was among the most lucrative markets for European airlines. Even after their arrival, European carriers...
View ArticleGulf aviation recovery picks up as airlines increase capacity
Passenger demand for Middle Eastern carriers is slowly recovering after a massive drop caused by the Iran war. The region’s airlines recorded a 9.5 percent year-on-year decline in passenger demand in...
View ArticleTrump’s ‘American Opec’ is a challenge to the Gulf
Donald Trump has never been shy about his ambition for US “energy dominance”. But his extraordinary new oil deal with Venezuela suggests he may have an even bigger ambition: something like an American...
View ArticleWar disruption erodes Gulf solar panel imports
Imports fall up to 90% Focus on energy transition Rebound expected Solar panel imports to the Gulf have plunged after the US-Iran war disrupted shipping routes and drove up freight, insurance and...
View ArticleMena debt issuance set to surpass last year’s pace
Banks drive capital-market borrowing Sovereign sales rise 40% Regional demand defies disruption Middle Eastern and North African borrowers have sold $160 billion of bonds and sukuk so far this year,...
View ArticleCan the Gulf reduce its dependence on Asian shipbuilding?
The disruption around Hormuz and the Red Sea has focused attention on the Gulf’s dependence on shipping, but a vulnerability further up the supply chain has gone largely unnoticed. The ships carrying...
View ArticleLatAm gushers and possible Venezuela exit a nightmare for Opec
It is ironic that Opec, born as the brainchild of a nationalist Venezuelan oil minister in 1960, could die in 2027 as a result of events in that country. US President Donald Trump’s seizure of leader...
View ArticleSix months of war, and I’ve stopped predicting
I have discovered an unexpected consequence of living through six months of intermittent war: my mood has become almost entirely dependent on events over which I have no control. In March I was...
View ArticleIran route is dominant Hormuz channel but shuttling grows
40% of vessels use Iranian scheme Producers use ship-to-ship transfers Three out of five vessels going ‘dark’ The Iranian channel through the Strait of Hormuz has become the waterway’s principal...
View ArticleHow the Iran conflict has reshaped the Gulf economy
Six months after the US-Iran war began, the Gulf economy is operating on a reshaped economic landscape. The conflict has disrupted energy exports, shipping, aviation, real estate, tourism and the...
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