OPEC+ is likely to leave its oil production policy unchanged for October when seven of its core members meet on Sunday, Reuters reported Wednesday, citing three sources close to the matter. Saudi Arab
Smoke rises after Iran carried out a missile strike on the main headquarters of the U.S. Navy’s 5th Fleet in Manama in retaliation against US-Israeli attacks, in Bahrain February 28, 2026. [Stringer &
Turkey replaces Russian oil and diesel imports from US as wars reverberate Turkey is turning to the United States for crude oil and refined products as supplies from Russia are jolted a
The Bank of Canada held interest rates steady for a seventh consecutive meeting, but emphasized that an escalation of the trade war with the US and the Iran conflict are fueling new inflation concerns
A view of the vessels passing through Strait of Hormuz following the two-week temporary ceasefire reached between the United States and Iran on the condition that the strait be reopened, seen in Oman
The European Commission and EIB have approved a €2 billion fund to support grid interconnections, renewable energy, storage and electric mobility across Greece’s islands. The program aims to reduce re
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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