Romania held interest rates at the highest level in the European Union, with the central bank waiting for inflation to slow below 10% and political turmoil to subside before considering policy easing.
Qatari Diar has launched the first phase of a tourism development on Egypt’s northwestern Mediterranean coast. The initial build will cost around EGP220 billion ($4.5 billion), with total investment i
Turkey’s exports to Gulf countries have fallen sharply in the first seven months of the year, with most of the downturn coming after the US and Israel launched their military campaign against Iran. Gu
The gas-producing division of Abu Dhabi National Oil Company (Adnoc) is studying new export routes that would reduce its reliance on the Strait of Hormuz after the US-Iran war disrupted shipments. Thi
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.
Egypt is planning to increase oil and gas production, attract new investment, and reduce petroleum imports as part of its 2026/2027 economic and social development strategy.
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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