Fresh strikes on Kuwait and Oman undermine hopes of a U.S.-Iran de-escalation, keeping oil markets on edge and traders skeptical of diplomatic progress. Friday, June 05, 2026 This week’s strikes on Ku
McDermott, through its subsidiary McDermott Nederland, has been chosen by Aramco as one of the 11 contractors for a long-term agreement (LTA) in project management consultancy (PMC).
Bahrain and UAE Central Bank Governors Discuss Enhancing Financial and Monetary Cooperation
The United Nations reports that 1.4 million people are in need of aid in Lebanon amid Israel's attacks on the country.
Turkey‘s inflation rate accelerated again in May, reinforcing doubts over Ankara’s three-year campaign to rein in soaring prices and suggesting the government’s efforts to blame rece
Oil prices declined on 4 June, Thursday, following an announced ceasefire agreement between Israel and Lebanon, raising hopes for potential advances towards a wider deal in the Middle East.
Brent holding $80-85 range. OPEC+ discipline intact through Q3. Non-OPEC supply growth slowing. Asian demand forecast revised up 0.4% by IEA.
GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.
Dubai residential transactions hit AED 42B in April — monthly record. Saudi giga-project awards reached $18B Q1.
Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.
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