Qatar Investment Authority (QIA) has invested in Finnish microsatellite manufacturer and operator Iceye’s €1 billion ($1.2 billion) fundraising round. The sovereign wealth fund did not disclose the si
Oil prices jumped in early Asian trading on Wednesday after the United States launched what it described as self-defense strikes against Iranian military targets near the Strait of Hormuz. At the tim
MNT-Halan, an Egyptian fintech startup, has increased its valuation to $1.4 billion. The business became a unicorn – a privately held startup valued at more than $1 billion – in 2023. The latest incre
Iraq is accelerating plans for a long-delayed oil pipeline to Jordan that could carry up to 1 million barrels per day (bpd) to the Red Sea port of Aqaba, as Baghdad seeks alternative export routes aft
Iraq reportedly lost nearly $15,000 per hour as a result of the temporary closure of its airspace. Iraq’s Civil Aviation Authority had announced the emergency measure starting Sunday for 72 hours over
As the conflict in the Middle East crosses 100 days, the current boil-up brings two major risks: collateral damage to the region’s energy infrastructure and the derailment of the ceasefire and ongoing
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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