Daily Gulf Intelligence
πŸ“… June 29, 2026 πŸ• 7:00 AM Gulf Time πŸ“Š Auto-Generated
REGULAR EDITION

πŸ“ˆ Market Snapshot

Tadawul
12,450
β–² 0.4%
ADX
9,780
β–² 0.6%
DFM
4,320
β–Ό 0.2%
QE Index
10,890
β–² 1.1%
Brent Crude
$82.40
β–² 0.8%
Gold
$2,510
β–² 1.2%
Silver
$32.40
β–² 2.1%
USD/SAR
3.75
β€”

πŸ“° Top Stories β€” 4 Minute Read

1

Oman reveals scope of Al Najd Agricultural City

The International Maritime Organization (IMO) has suspended efforts to evacuate ships through the Strait of Hormuz following an attack on a cargo vessel. The strike sparked a brief increase in oil pri

β–ͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
πŸ“ Oman   🏷️ Markets
2

Oil Markets Are Pricing A Supply Surge That Isn’t Guaranteed

Crude oil prices are in freefall after the United States and Iran agreed on a ceasefire, set to last 60 days. Traders expect the ceasefire to unleash an avalanche of crude, and indeed, tankers are lea

β–ͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Energy
3

GM-Backed Self-Driving Firm Momenta Seeks $752 Million From Hong Kong Listing

China’s central bank held its debut overnight operation but didn’t disclose the rate of interest it charged commercial lenders, in a surprise move to traders awaiting guidance on borrowing costs.

β–ͺ Why it matters: Direct impact on listing sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Markets
4

Gold Declines as Fresh US-Iran Tension Fans Inflation Concerns

Australian central bank Assistant Governor Chris Kent said the institution will be better prepared to respond to the next crisis it faces following a review of alternative monetary policy tools. In a

β–ͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Finance
5

UAE and Syria discuss logistics corridor to connect with Iraq

There are worse ways to escape the anxieties of wartime in Dubai than behind the wheel of a powerful sports car. When I took the Aston Martin Vantage for a weekend test drive, missiles were still occa

β–ͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
πŸ“ UAE   🏷️ Markets
6

Mideast Oil Boost Gathers Pace as Qatar Sells Crude to Asia

The Iran war has changed perceptions of energy markets, according to former US secretary of state John Kerry, with oil and gas viewed as vulnerable to trade choke points while sources like solar and w

β–ͺ Why it matters: Direct impact on crude sector across Gulf markets. Regional implications are material.
πŸ“ Qatar   🏷️ Energy

πŸ” Sector Watch

πŸ›’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.

🏦

Finance

GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.

πŸ—οΈ

Real Estate

Dubai residential transactions hit AED 42B in April β€” monthly record. Saudi giga-project awards reached $18B Q1.

πŸ’»

Technology

Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.

🌍 Regional Briefs

πŸ‡ΈπŸ‡¦
5.6%
Non-Oil GDP
πŸ‡¦πŸ‡ͺ
56.8
Dubai PMI
πŸ‡ΆπŸ‡¦
$12.8B
Budget Surplus
πŸ‡°πŸ‡Ό
$140B
Infra Plan
πŸ‡§πŸ‡­
3.2%
GDP Growth
πŸ‡΄πŸ‡²
Ba1
Moody's
πŸ‡ͺπŸ‡¬
22.4% ↓
Inflation
🌍
$4T
GCC SWF

πŸ“… Week Ahead

Mon Jun 30 GCC Finance Ministers β€” Riyadh
Tue Jul 1 OPEC+ Technical Committee β€” Vienna
Wed Jul 2 UAE-India CEPA Review β€” Abu Dhabi
Thu Jul 3 Arab League Economic Council β€” Cairo

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