The US and Iran traded attacks again on Friday, pressuring oil prices and making a quick return to the fragile ceasefire deal signed last month even less likely.
Oil prices hovered around the previous close on Friday despite fresh strikes by the US and Iran and reports that Tehran had asked the Houthi movement to prepare to shut the Red Sea export route. Brent
UAE condemns further Iranian attacks on Bahrain, Kuwait and Jordan
Germany plans to scale back renewable-energy subsidies in a sweeping overhaul of its funding system, as surging solar output puts growing strain on the country’s power grid.
Escalating U.S.-Iran hostilities, attacks on critical infrastructure, and near-halted Hormuz tanker traffic are fueling expectations of higher oil prices. Friday, July 17, 2026 US forces striking civi
Egypt’s chemicals and fertiliser exports grew strongly in the first five months of 2026, part of a government-backed push to expand overseas sales and narrow the country’s trade deficit. The Chemicals
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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