Altérra, the UAE’s $30 billion climate investment fund, has bought into Inkia Energy, Peru’s largest independent power producer, as the Gulf entity seeks to expand its global portfolio. This is Altérr
Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following the U.S.-Iran ceasefire. Friday, June 19, 2026 The signing of the US-Iran ceasefire agreement might pro
Uber co-founder Travis Kalanick has told AGBI that his latest Middle Eastern venture is ready to list on the Saudi stock market. Kalanick, the CEO and founder of AI and robotics company Atoms, said th
Michelle Bowman, the Federal Reserve’s vice chair for supervision, spoke at a private dinner in New York hours after attending the central bank’s policy meeting, the Wall Street Journal reported, a pe
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.
South Africa’s central bank governor said policymakers are seeing early signs of second-round inflation effects as underlying price pressures build, emphasizing the need to act.
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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