Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower. Saudi Aramco will reduce the Septe
Oil rose as prospects for a lasting agreement to reopen the Strait of Hormuz remained elusive. Bonds fell on inflation concerns as traders awaited the US jobs report for clues on the path of interest
Mexico’s central bank kept its benchmark interest rate steady while signaling no change at its next meeting, as policymakers weighed slowing inflation and a weakening economy against persistent servic
Japan’s household spending unexpectedly fell for a seventh month even as real wages continued to increase, reflecting the impact of persistent inflation on consumer sentiment.
Most emerging-market currencies weakened Thursday as the details of an agreement between Iran and Oman to reopen the Strait of Hormuz risk reigniting tensions with the US.
Oil prices fell for a second week running thanks to optimism surrounding renewed U.S.-Iran diplomacy to reopen the Strait of Hormuz. U.S. President Donald Trump announced on Monday that talks between
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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