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
<p>Aug 9 (Reuters) - Yemen's Iran-aligned Houthis have attacked Saudi Aramco's Jazan refinery, they said on Sunday, two days after the kingdom signed a defence pact with Turkey and Pak
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
US relying on sanctions and naval blockade as oil prices stabilise, easing economic strain on American consumers.
Brent crude prices rise as Tehran says critical waterway will not reopen without major US concessions.
<p>DUBAI, Aug 9 (Reuters) - Iranian President Masoud Pezeshkian met Supreme Leader Mojtaba Khamenei around the start of the president's third year in office in late July, state media said o
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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