Turkey’s central bank has held its main policy rate steady for another cycle, citing inflationary pressures from the ongoing conflict in the Gulf and rising energy prices as reasons not to lower borro
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
Singapore’s subdued inflation will likely allow the central bank to maintain its monetary policy settings on Monday, while it assesses the potential impact of a resurgence in the US-Iran conflict.
DP World will build two terminals on the UAE’s east coast, reducing its reliance on the Strait of Hormuz – a vital waterway for global trade that is now almost closed following the resumption of the U
Oil prices surged above $100 a barrel following fresh Houthi attacks on tankers in the Red Sea and rising fears that the opening of a second front in the US-Iran war could trigger an energy crisis. Br
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.
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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