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OPEC May Need to Cut Again as Fragile Members Recover, Citi Says

Supply Chain Brain

Iran, Iraq, Libya, Nigeria and Venezuela will add roughly 900,000 barrels a day of production this year and at least the same in 2024, the bank estimates.

Libya 98
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February 7, 2024 Update

Freightos

But With the majority of container carriers already avoiding the Red Sea, these further escalations in geopolitical conflicts are unlikely to have an additional impact on the container market.

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Tarik Toprak: “Growth brings its own challenges.”

Supply Chain Movement

We are already producing for export to the Middle East and North Africa and as a group we are trying to establish the individual requirements for different countries, such as Iran, Iraq, Jordan etc to work out the best logistical solution. Is it better to supply from Turkey or from one of our other factories?

Turkey 84
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Rail line connecting Iran & Iraq to launch soon

Logistics Middle East

Per year, 200 million tonnes of cargo is expected to be transported.'

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April 16, 2024 Update

Freightos

Alongside the ongoing, Iran-sponsored, attacks on Red Sea traffic, this event poses yet another potential challenge to the container industry. If attacks like this one continue, broaden, or Iran moves to completely close the strait, Middle East container flows would feel the strongest impact.

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Middle East eCommerce Reimagined

Vinculum

Countries like Iraq, Egypt, Oman, Lebanon, Morocco, Jordan, Algeria, and Saudi Arabia have the fastest growing young generation, with a median age of 22 years old. Countries like Iran, Egypt, and Bahrain are some of the countries rank in the highest internet users with more countries on the list.

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Turkey Earthquake: Key Industries, Exports, and Sites Impacted

Resilinc

In total 15 countries were affected including Syria (which also declared a state of emergency), Cyprus, Lebanon, Jourdan, Palestine, Egypt, Southern Cyprus, Turkish Republic of Northern Cyprus (TRNC), Iran, Iraq, Saudi Arabia, Georgia, Russia, Azerbaijan, and Armenia.

Turkey 62