1
Arada Capital targets $5bn assets under management by 2030
Saudi Arabia’s non-oil private sector expanded further in June, while businesses in the UAE, Kuwait and Qatar reported disruption from the Iran war, weaker demand and higher costs, according to
βͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ Markets
2
Turkey dangles tax break to boost IPO market
A consortium of Qatari and US companies is set to sign an agreement with Iraq to study the construction of oil export pipelines to Turkey and Syria, as Baghdad looks for alternatives to Gulf shipping
βͺ Why it matters: Direct impact on IPO sector across Gulf markets. Regional implications are material.
π Qatar π·οΈ Markets
3
Formula 1 considers return of Bahrain Grand Prix this year
Turkey, seeking to revive the countryβs IPO market and broaden access to equity financing, has introduced a new corporate tax break for companies that list on Borsa Istanbul. Companies that open up 20
βͺ Why it matters: Direct impact on IPO sector across Gulf markets. Regional implications are material.
π Bahrain π·οΈ Markets
4
UAE Oil Production Nears Record High After OPEC Exit
The UAE is wasting little time capitalizing on its exit from OPEC, with crude production already climbing above 3.8 million barrels per day in June, its highest level in more than six years, as Abu Dh
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π UAE π·οΈ Energy
5
Oil exports from the Middle East rising, but risks remain β IEA
Oil prices declined by more than 1% on 6 July, Monday, following the move by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to raise production targets fr
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Energy
6
Gold Slips for Second Day as Hormuz Tensions Fan Inflation Fears
Chinaβs central bank announced a slew of measures aimed at expanding an investment channel between Hong Kongβs financial market and the mainland, as well as enhancing the cityβs role in promoting over
βͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Finance
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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