1
Brazilβs Durigan Says Credit Lines Wonβt Affect Monetary Policy
The European Central Bank is in a βgood positionβ following an interest-rate hike last month and data showing inflation has eased with the slump in oil prices, Governing Council member Emmanuel Moulin
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Markets
2
Saudi Arabia seeks investors for $135m Ferris wheel in Medina
The Organization of the Petroleum Exporting Countries (Opec) and its allies are likely to raise production quotas for a fourth month in a row when they hold a virtual meeting on Sunday. Oil prices hav
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ Markets
3
Opec+ poised to raise output as supply fears ease
New levies on multinational companies and a “sin tax” on harmful products are forecast to earn Kuwait record high non-oil revenues in the next fiscal year, helping to reduce the Gulf state
βͺ Why it matters: Direct impact on OPEC sector across Gulf markets. Regional implications are material.
π Kuwait π·οΈ Energy
4
Gulf backs Iraqβs anti-corruption push as Baghdad seeks funds
Egypt is seeking more investment into its oil and gas sector from UAE oil major Adnoc. The country is trying to revive exploration and lift domestic production and officials have highlighted opportuni
βͺ Why it matters: Direct impact on ADNOC sector across Gulf markets. Regional implications are material.
π UAE π·οΈ Markets
5
Searing US Heat Dome Disrupts July 4 Events, Strains Grid
OPECβs crude oil production surged last month as Persian Gulf members restored exports through the Strait of Hormuz amid a peace accord between the US and Iran, according to a Bloomberg survey.
βͺ Why it matters: Direct impact on OPEC sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Markets
6
Sailors Are Still Stuck in The Gulf Despite Iran War Ceasefire
Trans Mountain Corp., a pipeline operator owned by the Canadian government, has been tapped to build a new export conduit connecting Albertaβs oil sands to a Vancouver-area port, Prime Minister Mark C
βͺ Why it matters: Direct impact on ADIA sector across Gulf markets. Regional implications are material.
π Gulf 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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