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
Gold steadied after the US and Iran ramped up attacks over the weekend, as traders assess the likelihood of the Federal Reserve raising interest rates to contain inflation.
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.
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.
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
The UAE economy has remained resilient despite the Iran conflict and the effective closure of the Strait of Hormuz, but the cooling real estate market warrants attention, the
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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