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The Latest Breaking News from Middle East

Business Brief (May 21): U.N. Cuts Global Growth Forecast

Middle East conflicts slow growth, fuel inflation and heighten global uncertainty

Caixin Global

Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeover

Man Industries (India) Ltd has completed the acquisition of a 100% stake in Saudi Arabia’s National Pipe Company for about USD 102 million (₹981 crore) through its subsidiary MISIC. The deal strengthens its international expansion in the pipe manufacturing sector and expands its presence in the Middle East.

The Economic Times

Euro zone growth forecast cut because of war impact

BRUSSELS - The euro zone economy will expand less than expected this year, the European Commission said on Thursday, as the Middle East war and subsequent energy shock take their toll.

Bangkok Post

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Top 5 Insurance Brokers in Dubai, UAE for Group Health Insurance

The UAE insurance market has grown into one of the most advanced in the Middle East, with total premiums exceeding $12 billion and health insurance contributing a significant share. In Dubai, employer-sponsored health insurance is mandatory under the Dubai Health Authority regulations, making group health coverage a critical requirement for…

inkl

Smiths Group Q3 Earnings Call Highlights

Smiths Group (LON:SMIN) lowered its full-year organic revenue growth outlook after Middle East-related disruption weighed on its John Crane business in the third quarter, Chief Financial Officer Julian Fagge said on the company’s Q3 2026 trading update call. Fagge said Smiths’ organic revenue was f

MarketBeat

easyJet H1 Earnings Call Highlights

easyJet (LON:EZJ) said its first-half performance for the period ended March 31, 2026, was in line with expectations and consistent with its April trading statement, while management emphasized that the airline is managing near-term geopolitical and fuel volatility from what it described as a strong

MarketBeat

Iran war rapidly wiping out the world’s oil stockpile cushion

Global oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels daily. This sharp drawdown reflects severe supply disruptions tied to the Middle East conflict, leading to a tightening market and concerns about future availability.

The Economic Times

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First Gaza flotilla activists deported by Israel arrive in Turkey

The first group of foreign activists from the Global Sumud aid flotilla arrived in Turkey on Thursday after Israel deported them following global outcry over their treatment in custody. A viral video released Wednesday showed Israeli National Security Minister Itamar Ben-Gvir heckling the detained activists as they were bound and…

France 24

Global Market Today: Asian stocks rise on Iran optimism, Nvidia slips

Asian equities surged, mirroring Wall Street's gains as optimism surrounding US-Iran talks eased Middle East tensions. Crude oil and bond yields declined, while South Korean stocks and Samsung Electronics saw significant increases. Despite a general market rebound, Nvidia's shares experienced a slight dip following its sales forecast.

The Economic Times

Iran warns any renewed conflict with the US could spread 'far beyond the Middle East'

Iran said on Wednesday it was examining a new US proposal to end the Middle East war, as President Donald Trump described the talks as being on the "borderline" between a deal and renewed strikes. Ghalibaf warned of a "forceful response", while Iran's Revolutionary Guards said any renewed conflict would…

The Economic Times

Chinese jewellery brand targets Southeast Asia

Unfazed by prolonged geopolitical conflict in the Middle East, leading Chinese jewellery brand Chow Tai Fook (CTF) has expanded internationally, eyeing more outlets in Southeast Asia in addition to its recently opened concept store in Bangkok.

Bangkok Post

UK quietly eases Russian oil sanctions as petrol prices climb to highest since 2022 amid Iran conflict

Britain is recalibrating its approach to Russian oil imports by introducing restrictions on refined products at a measured pace. This strategy, driven by escalating energy market volatility linked to conflicts in the Middle East and climbing fuel prices, seeks to mitigate the risk of abrupt supply shortages.

The Times of India

UK eases sanctions on Russian jet fuel and diesel

LONDON - British Prime Minister Keir Starmer has defended a contentious move to ease sanctions on imports of Russian jet fuel and diesel as the Middle East war causes prices to spiral.

Bangkok Post

Treasury Selloff Deepens As Inflation Fears And Middle East War Continue Pressuring Markets

The 30-year Treasury yield climbed above 5.19% as investors reacted to inflation pressures, weak demand for long-term debt, and mounting global economic uncertainty.

International Business Times

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Euronews

The UN has bad news for global growth as Middle East crisis continues

As the Middle East conflict drives up energy costs and clouds outlooks, the UN warns the world economy faces one of its weakest years since the 2008 financial crisis — with Europe among the hardest hit.

Bangkok Post

Iran warns of war beyond Mideast as Trump repeats threats

TEHRAN - Iran warned on Wednesday that the Middle East war would spread far beyond the region if the United States and Israel resumed their attacks, after President Donald Trump threatened to strike again unless a deal is reached.

Barchart

Nasdaq Futures Climb as Bond Yields Fall, Nvidia Earnings in Focus

June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia.

Evening Standard

Why has inflation gone down and where will it go from here?

Economists said April’s inflation fall will only be a brief respite before the Middle East conflict sends prices spiking again.

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The Independent UK

Why has UK inflation gone down? What economic experts say will happen next

ONS reported that the Consumer Prices Index inflation fell to 2.8 per cent

Euronews

Xi tells Putin it's 'imperative' to stop conflict in Middle East – but not Ukraine

The current international situation is "complex and volatile, with "unilateral hegemony running rampant", the Chinese president said as he welcomed Vladimir Putin to Beijing on Wednesday morning.

France 24

Xi welcomes Putin in Beijing, hails China’s ‘unyielding’ ties with Russia

Chinese President Xi Jinping on Wednesday welcomed Russian President Vladimir Putin in Beijing at the start of a visit focused on energy security. While Xi hailed his country's "unyielding" ties with Russia, Putin praised the "unprecedentedly high level" of bilateral cooperation despite "unfavourable external factors", without naming any third country.

The Economic Times

India prepares to send oil tankers through Hormuz for new supply

India is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for the first time since the Iran conflict began. State-run Shipping Corporation of India is ready to restart operations in the Persian Gulf once it receives approval…

The Economic Times

Oil Price Today (May 20): Crude oil dips for second day as Trump says Iran war could end ‘very quickly’. Is the worst behind?

Oil prices dipped for a second day as President Trump suggested a swift end to the Iran conflict. However, market caution persists due to ongoing peace negotiation uncertainties and Middle East supply disruptions. Experts warn prices will remain elevated due to potential renewed strikes and slow supply recovery.

The Economic Times

Oil prices ease after Trump says US will end Iran war 'very quickly'

Oil prices dipped as President Trump suggested a swift end to the Iran conflict, yet market jitters persist. Peace talks face uncertainty, with supply disruptions in the Middle East continuing. Analysts warn of sustained high prices due to potential renewed attacks and slow supply recovery, even if a deal is…

Bangkok Post

SSO backs telemedicine

The Social Security Office (SSO) is giving financial support to telemedicine services for patients with 26 chronic illnesses, which would reduce travel costs during the ongoing fuel price crisis linked to conflict in the Middle East.

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