Saudi renewables company Acwa Power said net earnings weakened this year as the US-Iran war slowed the development of its projects across the GCC. Net profit fell 36 percent year on year to SAR308 mil
Saudi Arabia’s slowing of work at its flagship Neom giga-project and disruption caused by the US-Iran war weighed on AtkinsRéalis’s Gulf business in the second quarter, despite the Canadia
The US remains outside formal negotiations with Iran as Oman and Tehran discuss arrangements for the Strait of Hormuz, leaving the diplomatic path uncertain and raising the possibility of renewed figh
<p>Aug 8 (Reuters) - The United Arab Emirates on Saturday condemned what it said was an Iranian attack on a carrier linked to its state oil company as it passed through the Strait of Hormuz, acc
Oil gained as tensions in the Middle East flared while traders monitored progress toward a deal between Iran and Oman to partially restore shipping through the Strait of Hormuz.
<p>By Steve Holland and Timour Azhari</p><p>WASHINGTON/RIYADH, Aug 7 (Reuters) - A U.S. official on Fridayreported progress between Iran and Oman that could soon reopen the Strait of
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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