A Qatari liquefied natural gas carrier was hit and a laden Saudi oil tanker suffered damage as they exited the Strait of Hormuz, heightening unease among shipowners and testing a US-Iran agreement to
Oil prices rose further early on Thursday after fresh US strikes on Iran stoked fears of global supply disruption. Brent crude futures gained 1.1 percent to $78.91 a barrel, while US West Texas Interm
When the UAE said it was leaving OPEC so it could boost production as much as it wanted, it sparked speculation, yet again, that OPEC was falling apart. The peace deal between the United States and Ir
Peru’s central bank held its key interest rate at 4.25% for a tenth straight month on Thursday, betting that an uptick in inflation will prove temporary.
Qatar’s UCC Holding has agreed to develop an oilfield in Libya’s Ghadames basin under a production-sharing deal with the National Oil Corporation, as the North African country pushes to lift crude out
Dubai Taxi Company (DTC), a subsidiary of the emirate’s transport regulator, has acquired National Taxi for AED1.45 billion ($395 million). The acquisition is fully funded through new bank debt f
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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