Gulf exports of jet fuel to Europe rebounded in July, making the region the biggest supplier after a months-long slump triggered by the US-Iran war. Exports from Saudi Arabia, Kuwait, Oman and the UAE
French oil major TotalEnergies will invest in a new pipeline allowing the UAE to export crude oil without using the Strait of Hormuz, according to the company’s chairman and chief executive. The secon
Iraq’s state oil marketer SOMO and QatarEnergy are offering crude through rare tenders that require buyers to load cargoes inside the Strait of Hormuz, multiple trade sources said on Monday. SOMO offe
US and Egyptian officials opened the US-Egypt Ports Infrastructure and Maritime Innovation Forum in New Cairo on Sunday, August 23, 2026, to discuss port development, maritime technology, artificial i
Trump’s “economic D-Day” against Iran is built around one of Washington’s most powerful weapons: access to the U.S. financial system. The problem is that the deeper Washington pushes into Iran’s remai
Alshaya Group, the leading international franchise retail operator in the region, announced the launch of Chipotle Mexican Grill (NYSE: CMG) in the Kingdom of Saudi Arabia with its first restaurant op
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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