Latest Middle East News

Sandfire Resources reported a Q3 FY26 copper equivalent production of 34.5kt, bringing nine-month production to 106.5kt. Despite operational challenges, the group maintains its FY26 guidance but now expects to deliver in the lower half of the range, alongside a $15 million reduction in capital expenditure.

Santana Minerals has finalised the second tranche of its A$130 million capital raising, issuing nearly 19 million shares and securing A$17.04 million before costs. The company confirms ongoing progress towards project construction scheduled for late 2026, supported by strong margins and green hydro power.

Transurban Group's March quarter 2026 traffic update shows a 3.0% increase in average daily traffic, supported by new infrastructure openings in Melbourne and North America amid ongoing macroeconomic and geopolitical challenges.

SPC Global Holdings Limited reported continued improvement in Q3 FY26, with net sales revenue and normalised EBITDA on track to meet full-year guidance. The company is progressing with its Mill Park facility closure and expanding its international footprint, particularly in Asia.

Aguia Resources’ Brazilian subsidiary has achieved a key regulatory milestone with official fertiliser registration, enabling commercial sales of its PAMPAFOS phosphate product in Brazil’s large agricultural market.

Greatland Resources delivered solid gold and copper production in the March 2026 quarter, boosting cash reserves to $1.208 billion and maintaining debt-free status. The company expects FY26 production to meet or slightly exceed guidance.

Orbital UAV has entered the Middle East market with a USD 1.1 million order from a UAE sovereign government for its 50HFE propulsion systems and signed a long-term distribution agreement to expand its UAV propulsion presence.

Memphasys Limited (ASX: MEM) announced an investor webinar and released an updated presentation detailing its transition from early-stage commercialisation to scaling global revenues, highlighting multi-market sales, recurring cartridge revenue, and regulatory progress.

Summerset Group Holdings Limited reported a 34% increase in new occupation right sales in the first quarter of 2026 compared to the same period last year, alongside a 19% rise in resales. Despite rising fuel prices linked to geopolitical tensions, the company maintains a strong sales pipeline and cost management strategies.

Janus Electric has appointed Lynx Advisors and Spark Plus to bolster its capital strategy and investor engagement while settling longstanding disputes with Kjøller A/S. The company also ends its agreement with EVUNI, opening new partnership opportunities.

Ardea Resources has successfully raised $340,000 through a Shareholder Purchase Plan following a $5 million placement, demonstrating shareholder confidence despite ongoing geopolitical tensions.

Microequities Asset Management Group reports a significant decline in Funds Under Management due to global market volatility but maintains strong profitability and liquidity.