Asian stock markets fell on Friday as traders bet that surging oil prices, driven by the escalating US-Iran war, could push up global inflation. Brent crude contracts rose above $100 a barrel on Thurs
Kuwait is asking local jewellers to tighten action against suspected money laundering and terror funding as the Gulf nation seeks to have its name removed from a “grey list” designation imposed by an
The US has started importing Iraqi fuel oil transported through Syria for the first time, highlighting Iraq’s efforts to diversify its export routes amid ongoing geopolitical tensions that have disrup
The board of Dubai Taxi Company (DTC), a subsidiary of the emirate’s transport regulator, said it will decide on the dividend for 2026 by year-end as the US-Iran conflict weighs on earnings and revenu
Negotiations on a free trade deal with the European Union are progressing more slowly than talks with other countries, the UAE’s foreign trade minister has said. The seventh round of trade agreement n
Oman should be able to cut its deficit significantly and even balance its budget on the back of higher oil prices in the first six months of this year, officials say. Average prices of Omani crude inc
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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