1
Oil prices extend slide after pause on US and Iran attacks holds
A new private equity fund backed by Saudi Arabiaβs Public Investment Fund (PIF) has raised nearly $2 billion and will allocate half of it to investments in the kingdom. PIF, the $1 trillion Saudi sove
βͺ Why it matters: Direct impact on sovereign wealth fund sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ Energy
2
OPEC+ Prepares to Stop Raising Oil Output Targets
OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year. Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhs
βͺ Why it matters: Direct impact on OPEC sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ Energy
3
PIF-backed fund commits $1bn to Saudi investments
Digital banking group Revolut is going all-in on the UAE after receiving regulatory approval to offer accounts, cards and international money transfers, alongside preliminary approval for cryptocurren
βͺ Why it matters: Direct impact on PIF sector across Gulf markets. Regional implications are material.
π UAE π·οΈ Sovereign Wealth
4
Hitting EU Renewables Targets Could Slash Gas Demand a Quarter by 2030
The European Union could save a lot on LNG imports by 2030 if it achieves its heat pump, solar, and wind installation targetsβ¦so much so that the bloc could save twice the gas it imports from Qatar, t
βͺ Why it matters: Direct impact on LNG sector across Gulf markets. Regional implications are material.
π Qatar π·οΈ Markets
5
Mobily in early talks with PIF entity to sell telecom towers
Oil prices continued to slide in early Tuesday trading as the pause in the US-Iran conflict held. Brent crude futures were down 1 percent at $87.49 by 04:24 GMT, while US West Texas Intermediate fell
βͺ Why it matters: Direct impact on PIF sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Sovereign Wealth
6
Saudi Arabia-Bound Supertanker U-Turns Before Houthi Chokepoint
Kuwait has agreed a $16 billion infrastructure deal with Blackstone Inc., Brookfield Asset Management Ltd. and KKR & Co. involving its oil-export pipelines, even as the Gulf nation comes under near-da
βͺ Why it matters: Direct impact on infrastructure sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ Markets
π’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.
π¦
Finance
GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.
ποΈ
Real Estate
Dubai residential transactions hit AED 42B in April β monthly record. Saudi giga-project awards reached $18B Q1.
π»
Technology
Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.
Mon Aug 3
GCC Finance Ministers β Riyadh
Tue Aug 4
OPEC+ Technical Committee β Vienna
Wed Aug 5
UAE-India CEPA Review β Abu Dhabi
Thu Aug 6
Arab League Economic Council β Cairo
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