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
βͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ 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
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ 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, Europeβs largest primary aluminium smelter. The transaction will not raise competition concerns
βͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
π Bahrain π·οΈ Markets
4
DP World to expand free trade zone in Dominican Republic
State-controlled Petroleum Development Oman (PDO)Β has awarded Egyptβs Enppi a $355 million design and construction contract for gas-drilling facilities in the southern energy outpost of the Gulf state
βͺ Why it matters: Direct impact on construction sector across Gulf markets. Regional implications are material.
π Oman π·οΈ Markets
5
Oman starts work on agricultural city with focus on food security
Shares in Saudi Arabiaβs 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 Muskβs SpaceX is pois
βͺ Why it matters: Direct impact on offering sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ 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
βͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Markets
π’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.
π¦
Finance
GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.
ποΈ
Real Estate
Dubai residential transactions hit AED 42B in April β monthly record. Saudi giga-project awards reached $18B Q1.
π»
Technology
Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.
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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