1
Russia to Cut Key Rate as Iran War Oil Dividend Eases Inflation
Bank of Japan Deputy Governor Ryozo Himino said he sees a risk that inflation could accelerate beyond the central bankβs 2% target, explaining to government officials the rationale for raising interes
βͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Finance
2
Nigeria Tax Revenue Jumps 49% on Overhaul, New Oil Levies
Brazilian markets sold off on Thursday as investors criticized the central bank for cutting interest rates while flagging a worsening inflation outlook.
βͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Energy
3
Offshore Technology
Oil prices dropped to their lowest point since early March on 18 June, following the announcement of a US-Iran interim agreement aimed at ending the conflict and reopening the Strait of Hormuz.
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Markets
4
Currency Traders Pile Into Dollar Call Options After Hawkish Fed
A blazing rally in Indiaβs short-end bonds, driven by plans to attract foreign capital, may fizzle out because the central bank is expected to drain excess cash from the financial system, according to
βͺ Why it matters: Direct impact on central bank sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Markets
5
UAE retains top-five global competitiveness ranking
Saudi Arabiaβs tourism minister and executives behind the kingdomβs giga-projects said visitor numbers stayed resilient throughout the Iran war, largely because domestic tourism increased. Speaking at
βͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ Markets
6
UAE bans children under 15 from using social media
Shares in Emirates NBD, Dubaiβs largest bank by assets, rose more than 7 percent on Thursday after it completed the acquisition of a majority stake in RBL Bank, an Indian private lender. The shar
βͺ Why it matters: Direct impact on bank sector across Gulf markets. Regional implications are material.
π UAE 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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