1
Japanβs Takaichi Calls for Food Sales Tax Cut to 1% for 2 Years
Indiaβs finance ministry warned that renewed oil price shocks from a prolonged Middle East conflict remain a key risk to Indiaβs fiscal and current accounts, underscoring the challenges facing policym
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Markets
2
FSRA is Abu Dhabiβs regulatory rhythm section
Iraq and Turkey have started construction of the long-delayed Development Road Initiative, reviving the flagship infrastructure project designed to strengthen trade links between the Gulf and Europe.
βͺ Why it matters: Direct impact on construction sector across Gulf markets. Regional implications are material.
π Gulf π·οΈ Markets
3
Oil Prices Slip Despite New Attacks Across the Middle East
Crude oil prices ticked lower today on reports that oil tankers were still passing through the Bab el-Mandeb Strait, despite information about renewed strikes between the U.S. and Iran, and a drone at
βͺ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.
π Egypt π·οΈ Energy
4
Oil jumps 8% as US-Iran war pressures Saudi Arabia, explosions hit Egypt
Around 50 countries have been invited to join the Saudi-led initiative aimed at countering Houthi threats to Red Sea shipping and preventing a repeat of recent disruptions in the Strait of Hormuz.
βͺ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ Energy
5
Iran rejects Oman’s plan and pushes for greater Hormuz control
The outlook is not good. At the weekend, the Houthi rebels who control much of northern and western Yemen fired a series of missiles at the Yanbu Red Sea terminal and the Jazan oil refinery in western
βͺ Why it matters: Direct impact on missile sector across Gulf markets. Regional implications are material.
π Saudi Arabia π·οΈ Markets
6
What Traders Are Telling the Federal Reserve: Live Q&A
A $600,000 trade on Kalshi that would have delivered a roughly quadruple payout if the Federal Reserve raised interest rates on Wednesday turned into a losing wager after the US central bank stood pat
βͺ Why it matters: Direct impact on central bank sector across Gulf markets. Regional implications are material.
π Gulf 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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