The Arabian Read — Daily Gulf Intelligence

Turkish exports to the Gulf rise during June ceasefire

Qatari Diar, the real estate arm of Doha’s sovereign wealth fund, has appointed the US architecture firm behind Dubai’s Burj Khalifa to design the masterplan of a smart city project on Egypt’s Mediter

▪ Why it matters: Direct impact on sovereign wealth fund sector across Gulf markets. Regional implications are material.

📍 Qatar 🏷️ Markets

Shakira’s €55 Million Spain Tax Fight Shines Light on Agency

Euro-area firms were confronted with higher interest rates and tighter lending conditions in the second quarter when the Iran war clouded the region’s economic outlook, according to a survey published

▪ Why it matters: Direct impact on central bank sector across Gulf markets. Regional implications are material.

📍 Gulf 🏷️ Markets

Houthis Declare Naval Blockade on Saudi Arabia as Red Sea Crisis Deepens

Yemen’s Iran-aligned Houthis declared an immediate naval blockade on Saudi Arabia on Monday, Reuters reported, bringing the U.S.-Iran war officially to the southern entrance of the Red Sea and threate

▪ Why it matters: Direct impact on AI sector across Gulf markets. Regional implications are material.

📍 Saudi Arabia 🏷️ Markets

Oil Holds Gains, Bonds Drop on Inflation Concerns: Markets Wrap

Oil held a two-day gain as the US and Iran continued hostilities in the Middle East, while Yemen’s Houthi militants threatened to blockade Saudi Arabia’s maritime traffic in the Red Sea.

▪ Why it matters: Direct impact on inflation sector across Gulf markets. Regional implications are material.

📍 Saudi Arabia 🏷️ Finance

Oil prices dip as Iran cites possibility of talks with US

Petroleum Development Oman (PDO) has signed a six-year engineering, procurement and construction (EPC) framework agreement with the Petrojet-ENPPI Consortium.

▪ Why it matters: Direct impact on oil price sector across Gulf markets. Regional implications are material.

📍 Oman 🏷️ Energy

Oil prices rise as US-Iran hostilities threaten major shipping routes

Halliburton has secured multi-year lump sum turnkey (LSTK) contracts from Aramco for work across several onshore fields in Saudi Arabia.

▪ Why it matters: Direct impact on Aramco sector across Gulf markets. Regional implications are material.

📍 Saudi Arabia 🏷️ Energy

🛢️

Energy

Brent holding $80-85 range. OPEC+ discipline intact through Q3. Non-OPEC supply growth slowing. Asian demand forecast revised up 0.4% by IEA.

🏦

Finance

GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.

🏗️

Real Estate

Dubai residential transactions hit AED 42B in April — monthly record. Saudi giga-project awards reached $18B Q1.

💻

Technology

Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.

🇸🇦

5.6%

Non-Oil GDP

🇦🇪

56.8

Dubai PMI

🇶🇦

$12.8B

Budget Surplus

🇰🇼

$140B

Infra Plan

🇧🇭

3.2%

GDP Growth

🇴🇲

Ba1

Moody's

🇪🇬

22.4% ↓

Inflation

🌍

$4T

GCC SWF

Mon Jun 30 GCC Finance Ministers — Riyadh

Tue Jul 1 OPEC+ Technical Committee — Vienna

Wed Jul 2 UAE-India CEPA Review — Abu Dhabi

Thu Jul 3 Arab League Economic Council — Cairo

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