Saudi Aramco’s second-quarter profit rose as higher oil prices boosted earnings, allowing the world’s biggest oil exporter to maintain its quarterly dividend. Net profit jumped 42 percent year on year
Iraq’s borrowing accelerated in the first five months of the year as the government fought to plug widening budget gaps caused by disruption to oil exports. Official data showed Iraq was borrowi
Saudi Arabia’s non-oil economy continued to expand in July while Kuwait’s private sector returned to growth for the first time since the start of the US-Iran conflict. Operating conditions
Madagascar joined a handful of central banks in raising interest rates after revising its inflation forecasts higher as renewed tensions between the US and Iran stoke price pressures.
Oman’s state-owned energy group OQ’s exploration and production unit was the sultanate’s most profitable listed company in the first half of 2026, as higher oil prices helped lift earnings
Oil prices rebounded early on Tuesday as peace talks between the US and Iran remain elusive. Brent crude futures rose 1 percent to $84.61 a barrel by 02:40 GMT, after dropping nearly 7 percent in the
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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