Forbes Middle East

Seven OPEC+ countries, including Saudi Arabia and Russia, agreed Sunday to maintain their oil production targets for December at September levels, keeping their combined required output at approximately 31 million barrels per day (bpd), according to an official OPEC statement released on November 1, 2026.December oil production targetsSaudi Arabia, Russia, Iraq, Kuwait, Kazakhst...

Saudi Arabia's non-oil economy expanded 1.9% year-on-year in the third quarter of 2026, accelerating from 0.8% in the previous quarter, as growth in non-oil activities helped offset a steep contraction in the energy sector, according to preliminary estimates released by the General Authority for Statistics (GASTAT).Saudi Arabia's non-oil activitiesThe kingdom's real gross domest...

Qatar Gas Transport Company (Nakilat) said Sunday that its liquefied natural gas (LNG) carrier Al Mayeda was struck by unidentified objects while sailing through the Arabian Gulf on Friday evening, with no injuries or environmental damage reported, as attacks on commercial vessels raise concerns over shipping security in the Strait of Hormuz.Nakilat reports LNG carrier incidentI...

South Korea's exports surged 93.7% year-on-year to a record $115.3 billion in October, driven by soaring semiconductor shipments as global technology companies accelerated investment in artificial intelligence (AI) infrastructure, according to government data released Sunday.Semiconductor exports more than tripleFigures from the Ministry of Trade, Industry and Energy, cited by Y...

Under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), Dubai Airport Freezone (DAFZ) and Forbes Middle East will organise the inaugural Future Growth Nexus Summit on 23 November at Mandarin Oriental Jumeira, Dubai. Coinciding with DAFZ’s 30th anniversary, the summit will bring together senior gover...