Daily Gulf Intelligence
πŸ“… July 23, 2026 πŸ• 7:00 AM Gulf Time πŸ“Š Auto-Generated
REGULAR EDITION

πŸ“ˆ Market Snapshot

Tadawul
12,450
β–² 0.4%
ADX
9,780
β–² 0.6%
DFM
4,320
β–Ό 0.2%
QE Index
10,890
β–² 1.1%
Brent Crude
$82.40
β–² 0.8%
Gold
$2,510
β–² 1.2%
Silver
$32.40
β–² 2.1%
USD/SAR
3.75
β€”

πŸ“° Top Stories β€” 4 Minute Read

1

MSEDCL Picks Banks for India IPO Worth Up to $1 Billion

Two Indian state-run refiners have suspended crude oil loadings from Iraq as mounting security risks in the Strait of Hormuz make it increasingly difficult to ensure safety of vessels, according to pe

β–ͺ Why it matters: Direct impact on crude sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Finance
2

Rubio Says China Trade, Investment Boards Eyed by Xi Visit

Three consecutive downside inflation surprises and the slowest private-sector wage growth since 2020. It should be enough to convince investors that the Bank of England is entertaining interest rate c

β–ͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Markets
3

Houthi Red Sea Blockade Could Shatter Hopes for Lower Oil Prices

Renewed Houthi blockade of Saudi Red Sea ports threatens up to 4 million bpd of redirected Saudi crude exports, adding fresh supply risks as the Strait of Hormuz remains effectively disrupted The late

β–ͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Energy
4

S&P Lifts Pakistan Credit Rating to Highest Level in Seven Years

Traders hardened bets that the South African Reserve Bank will raise interest rates after annual inflation quickened more than expected in June.

β–ͺ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Markets
5

Mubadala and Embraer tie up to drive UAE’s aerospace sector

France’s CMA CGM, one of the world’s largest shipping and logistics companies, will impose an emergency fuel surcharge from August after the resumption of the US-Iran conflict in the Strait of Hormuz.

β–ͺ Why it matters: Direct impact on Mubadala sector across Gulf markets. Regional implications are material.
πŸ“ UAE   🏷️ Sovereign Wealth
6

Another Tanker Hit in Hormuz as Houthis Add to Regional Risks

Brent oil slipped after surging almost 6% over the previous two sessions, as traders weighed continued hostilities between the US and Iran against efforts to broker a new ceasefire.

β–ͺ Why it matters: Direct impact on Brent sector across Gulf markets. Regional implications are material.
πŸ“ Gulf   🏷️ Markets

πŸ” Sector Watch

πŸ›’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.

🏦

Finance

GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.

πŸ—οΈ

Real Estate

Dubai residential transactions hit AED 42B in April β€” monthly record. Saudi giga-project awards reached $18B Q1.

πŸ’»

Technology

Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.

🌍 Regional Briefs

πŸ‡ΈπŸ‡¦
5.6%
Non-Oil GDP
πŸ‡¦πŸ‡ͺ
56.8
Dubai PMI
πŸ‡ΆπŸ‡¦
$12.8B
Budget Surplus
πŸ‡°πŸ‡Ό
$140B
Infra Plan
πŸ‡§πŸ‡­
3.2%
GDP Growth
πŸ‡΄πŸ‡²
Ba1
Moody's
πŸ‡ͺπŸ‡¬
22.4% ↓
Inflation
🌍
$4T
GCC SWF

πŸ“… Week Ahead

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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