1
Japanβs Katayama Leaves Open Possibility of GPIF Domestic Shift
South Koreaβs central bank raised interest rates for the first time in more than three years and flagged the possibility of further increases as an artificial intelligence-driven chip boom helps fuel
βͺ Why it matters: Direct impact on PIF sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Sovereign Wealth
2
Iranβs Tanker Attacks Squeeze the Hormuz Oil-Shuttling Trade
Federal Reserve Chairman Kevin Warsh said that President Donald Trump β whoβs long called for slashing US interest rates β hasnβt tried to interfere with the central bank, and wouldnβt succeed if he a
βͺ Why it matters: Direct impact on central bank sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Energy
3
Egypt’s FDI jumps as Qatari project offsets capital flight
Real estate transactions in Sharjah rose by almost a quarter in the first half of 2026, driven by purchases from Emiratis and GCC nationals. The value of deals in the emirate, one of seven that make u
βͺ Why it matters: Direct impact on FDI sector across Gulf markets. Regional implications are material.
π UAE π·οΈ Markets
4
Bank of Canada Holds at 2.25% as Growth Outlook Improves
The European Central Bank should be prepared for swings in the inflation rate due to an unpredictable situation in the Middle East, Governing Council member Emmanuel Moulin said.
βͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Finance
5
Rising food and transport costs push up Oman inflation
Capital Letter is Frank Kane’s weekly series on Abu Dhabi’s money, power and ambition Every great financial centre has its power hotel. London has Claridge’s, among others, where pri
βͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
π Oman π·οΈ Finance
6
The power hotels where Abu Dhabi does business
Iraq is in talks with the Organization of the Petroleum Exporting Countries (Opec) to increase its oil production quota, oil minister Bassem Khudair has said. The higher export ceiling will provi
βͺ Why it matters: Direct impact on OPEC 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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