“Frustration, insecurity, anxiety…” These are some of the words that illustrate how veteran UAE businessman Yogesh Mehta feels about the US-Israeli war with Iran that has crippled trade around the glo
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).
Traders worry that new strikes could escalate into a return to all-out conflict in Middle East
Bahrain and UAE Central Bank Governors Discuss Enhancing Financial and Monetary Cooperation
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
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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