Oman has launched a major clean-up operation after oil from vessels stranded by the prolonged closure of the Strait of Hormuz washed onto popular beaches, threatening marine life, fishing and tourism.
Abu Dhabi Investment Authority (Adia) has become an anchor investor in the $970 million initial public offering (IPO) of Indian healthcare provider Manipal Health Enterprises. The Emirati so
Abu Dhabi National Oil Co (Adnoc) has bought five very large crude carriers (VLCCs) for about $590 million, three sources familiar with the matter said, expanding its fleet as conflicts in the Red Sea
To paraphrase Buzz Lightyear, the Gulf’s hospitality sector will be hoping the Abu Dhabi Disneyland park due to open in about six years’ time will boost real estate, drive local tourism and prop
Fintech brokerage Clear Street is launching a private markets platform, beginning with Databricks stakes, to give investors more access to late-stage startups.
Turkey reached an agreement with Iraq to extend an expired oil pipeline deal by one year and increase flows through it, ensuring supply through an exports route that bypasses the Strait of Hormuz.
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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