1
Brazil Begins Rolling Back Fuel Subsidies as Oil Prices Fall
The European Central Bank is in no rush to raise interest rates again next month after peace efforts in the Middle East sent oil prices lower and reduced inflation risks, according to Governing Counci
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Energy
2
Neom exit hasnβt derailed Webuild Saudi plans, CEO says
Dubai’s hotel market is unlikely to recover fully from the impact of the Iran-US conflict until the second quarter of next year, according to a senior executive at one of the worldβs largest hot
βͺ Why it matters: Direct impact on NEOM sector across Gulf markets. Regional implications are material.
π UAE π·οΈ Markets
3
US and Iran exchange strikes as ceasefire falters
Truce under pressure as Tehran counters US attacks by targeting military installations in Bahrain and Kuwait
βͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
π Kuwait π·οΈ Markets
4
Sydney Housing Slump Drags Australia Prices Down Most Since 2022
New Zealandβs central bank should raise interest rates toward a neutral level this year to keep inflation risks at bay, the International Monetary Fund said in a staff report.
βͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Markets
5
Colombia Raises Interest Rate to 12% After Court Ends Crisis
The European Central Bank may be able to keep interest rates unchanged at its next meeting if the situation in the Middle East doesnβt escalate in the meantime, according to Governing Council member P
βͺ Why it matters: Direct impact on central bank sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Finance
6
Increased audits lift UAE tax revenues by over $1bn
Saudi Arabiaβs capital market regulator has compensated more than 20,000 investors affected by the market manipulation of eight investors who were convicted in 2023. The Capital Markets Authority (CMA
βͺ Why it matters: Direct impact on capital market sector across Gulf markets. Regional implications are material.
π Saudi Arabia 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.
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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