Foreign ministers from Arab states will meet in the Omani capital Muscat on Monday to sign an agreement establishing a joint Iran-Oman shipping route through the Strait of Hormuz, Iranian President Ma
India’s central bank rejected an application from Tata Sons Pvt. to surrender its status as a shadow lender, according to people familiar with the matter, signaling it expects the company to adhere wi
Iranian President Masoud Pezeshkian said Friday that BRICS must create an environment that prevents any country from obstructing the legitimate trade of others, saying Iran has entered a “far more dan
As the Iran-backed Houthis gain ground in Yemen and strike Saudi Arabia’s oil infrastructure, the kingdom faces a stark choice: escalate a military campaign that’s for years failed to defeat the milit
Iranian President Masoud Pezeshkian met Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on the sidelines of the BRICS summit in New Delhi on Saturday, as Tehran called on the bloc
Central banks from much of the Group of Seven face a pivotal week as mounting inflation risks heap pressure on them to raise interest rates.
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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