Daily Gulf Intelligence
πŸ“… June 03, 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

Oil Prices Climb as U.S. Strikes Tanker and Downs Iranian Drones

Oil prices rose in early Asian trade on Wednesday after yet another escalation in the Middle East, with Iran firing missiles at Kuwait and Bahrain, and the U.S. firing on and disabling an oil tanker h

β–ͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
πŸ“ Kuwait   🏷️ Energy
2

Iraq grants Egypt’s TMG approval to build smart city

The founder of collapsed Indian education technology company Byju’s is appealing against a Singapore High Court ruling that sentenced him to six months in prison for contempt of court in a dispu

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

Iran strikes Bahrain and Kuwait, ceasefire hopes fade in Lebanon, and Abu Dhabi renters get relief

Iran strikes Bahrain and Kuwait, ceasefire hopes fade in Lebanon, and Abu Dhabi renters get relief

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

Omifco to be Oman’s first IPO this year

Lunate, the Abu Dhabi-based investment manager, said its first GCC sharia-compliant, dividend-paying exchange-traded fund is due to list on the Abu Dhabi Securities Exchange on June 23. The ETF will t

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

Hostilities flare again in Iran war, talks at a stalemate

<p>By Enas Alashray and Patricia Zengerle</p><p>DUBAI/WASHINGTON, June 3 (Reuters) - Hostilities in the Gulf erupted anew on Wednesday with a report of missile attacks on Kuwait, whi

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

Trump Proposes New Levies of at Least 10% to Rebuild Tariff Wall

Emerging-market central banks are leading a wave of interest-rate hikes as the war in Iran reignites inflation, moving faster than most developed-world peers, which remain on hold to assess the econom

β–ͺ Why it matters: Direct impact on inflation 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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