Latest Middle East News

Orbital Corporation has landed a key US order for five 150HFE heavy fuel engines, setting the stage for a lucrative Power by the Hour service model tied to a major US Coast Guard ISR program.

D3 Energy has significantly boosted its helium resource estimates in South Africa's Free State with a newly certified 14 BCF helium contingent resource at ER386, lifting combined recoverable helium to 35.6 BCF across its key permits.

Orica Limited posted its strongest half-year EBIT in over 20 years at $512 million, driven by premium product demand and strategic acquisitions including Nelson Brothers. The company also initiated a $100 million cost reduction program and declared a 28.5 cent interim dividend.

Amcor posted a 77% jump in Q3 net sales fueled by the Berry acquisition, delivering synergy gains above expectations and updating fiscal 2026 guidance amid geopolitical headwinds.

Super Retail Group reports a subdued second half in FY26 with 0.4% like-for-like sales growth, impacted by geopolitical tensions and inflation, while costs rise to $66 million due to accelerated projects.

IMDEX Limited has delivered a record 3Q FY26 revenue increase of 29% in constant currency, fueled by strong global demand, strategic acquisitions, and AI-enabled mining technology solutions.

Regal Partners showcased its diversified $21 billion funds under management and ongoing growth momentum at the Macquarie Australia Conference, emphasising strong inflows, product innovation, and offshore expansion.

SRJ Technologies has secured A$2.57 million in a placement to fund execution of its Middle East contracts valued at approximately US$23.3 million, with revenue expected from Q2 2026.

Ampol Limited showcased resilience in 2025 with strong refining margins supported by government payments and robust retail growth, while awaiting ACCC approval for its EG Australia acquisition promising significant synergies.

Canadian Phosphate (ASX: CP8) has locked in a five-year exploration permit for its Wapiti Phosphate Project in British Columbia, setting the stage for immediate drilling and a refreshed JORC resource estimate by late 2026.

Flight Centre Travel Group posted strong nine-month growth with record transaction values and profit gains, while geopolitical unrest in the Middle East caused a $10 million hit to leisure profits in April. The corporate segment remains robust, and the company maintains its full-year profit guidance amid ongoing AI-driven efficiency improvements and strategic portfolio reshaping.

Westpac Banking Corporation posted a statutory net profit of AUD 3.414 billion for the half year ended March 2026, marking a 3% increase on the prior corresponding period despite a 5% decline from the previous half. The bank maintained a strong capital position and declared a fully franked interim dividend of 77 cents per share.