Oil prices climbed once again in early Asian trade on Wednesday as the U.S. and Iran traded strikes in a significant escalation after a month of relative calm. At the time of writing, WTI had climbed
Stocks and bonds sold off, while gold extended its decline, as renewed fighting in the Middle East drove oil prices higher, fueling inflation fears and expectations for tighter monetary policy.
Russian President Vladimir Putin (R) meets with Iranian President Masoud Pezeshkian (L) on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Bishkek, Kyrgyzstan, on September 1, 2
Abu Dhabi Investment Authority (Adia) has backed a new Indian infrastructure fund, deepening the sovereign wealth fund’s investments in India’s large-scale infrastructure developments. India’s state-b
US startup Meteoric Technologies is developing autonomous drones designed to modify clouds and increase solar radiation reaching PV plants. The company claims the technology could boost annual PV gene
Muscat: The Sultanate of Oman and the Kingdom of Saudi Arabia continue to advance their bilateral relations across all domains at an accelerating pace,...
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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