Daily Gulf Intelligence
πŸ“… June 02, 2026 πŸ• 7:00 AM Gulf Time πŸ“Š Auto-Generated
REGULAR EDITION

πŸ“ˆ Market Snapshot

Tadawul
12,450
β–² 0.4%
ADX
9,780
β–² 0.6%
DFM
4,320
β–Ό 0.2%
QE Index
10,890
β–² 1.1%
Brent Crude
$82.40
β–² 0.8%
Gold
$2,510
β–² 1.2%
Silver
$32.40
β–² 2.1%
USD/SAR
3.75
β€”

πŸ“° Top Stories β€” 4 Minute Read

1

Saudi Arabia overtakes UAE on the GCC’s road to renewables

Oman has broken ground on a $4.2 billion agricultural city in the north of the country as part of its wider food security strategy. The sultanate is aiming to reduce reliance on imports, strengthen do

β–ͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
πŸ“ Saudi Arabia   🏷️ Markets
2

Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August

An acute re-escalation in the U.S.-Iran conflict and a prolonged blockage of the Strait of Hormuz could drive global crude oil prices to $180 per barrel by August, Jorge LeΓ³n, Head of Geopolitical Ana

β–ͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Energy
3

Oman-India trade to grow as Cepa takes effect

Aluminium Bahrain (Alba) has received the green light from EU regulators to acquire Aluminium Dunkerque, Europe’s largest primary aluminium smelter. The transaction will not raise competition concerns

β–ͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
πŸ“ Bahrain   🏷️ Markets
4

DP World to expand free trade zone in Dominican Republic

State-controlled Petroleum Development Oman (PDO)Β has awarded Egypt’s Enppi a $355 million design and construction contract for gas-drilling facilities in the southern energy outpost of the Gulf state

β–ͺ Why it matters: Direct impact on construction sector across Gulf markets. Regional implications are material.
πŸ“ Oman   🏷️ Markets
5

Oman starts work on agricultural city with focus on food security

Shares in Saudi Arabia’s Kingdom Holding surged to a 10-year high on Monday, extending gains after the company said its stake in SpaceX could be worth more than $10 billion. Elon Musk’s SpaceX is pois

β–ͺ Why it matters: Direct impact on offering sector across Gulf markets. Regional implications are material.
πŸ“ Saudi Arabia   🏷️ Markets
6

Top 5 Commodities Impacted By The Iran War

The Middle East conflict has triggered sweeping, multi-commodity supply shocks, profoundly impacting global energy, petrochemicals, agriculture and shipping industries, among others. The disruption of

β–ͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Markets

πŸ” Sector Watch

πŸ›’οΈ

Energy

Brent holding $80-85 range. OPEC+ discipline intact through Q3. Non-OPEC supply growth slowing. Asian demand forecast revised up 0.4% by IEA.

🏦

Finance

GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.

πŸ—οΈ

Real Estate

Dubai residential transactions hit AED 42B in April β€” monthly record. Saudi giga-project awards reached $18B Q1.

πŸ’»

Technology

Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.

🌍 Regional Briefs

πŸ‡ΈπŸ‡¦
5.6%
Non-Oil GDP
πŸ‡¦πŸ‡ͺ
56.8
Dubai PMI
πŸ‡ΆπŸ‡¦
$12.8B
Budget Surplus
πŸ‡°πŸ‡Ό
$140B
Infra Plan
πŸ‡§πŸ‡­
3.2%
GDP Growth
πŸ‡΄πŸ‡²
Ba1
Moody's
πŸ‡ͺπŸ‡¬
22.4% ↓
Inflation
🌍
$4T
GCC SWF

πŸ“… Week Ahead

Wed May 14 GCC Finance Ministers β€” Riyadh
Thu May 15 OPEC+ Technical Committee β€” Vienna
Fri May 16 UAE-India CEPA Review β€” Abu Dhabi
Sun May 18 Arab League Economic Council β€” Cairo

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