Iran war hammers Saudi economy as GDP sees largest post-COVID contraction
Overall GDP shrank 4.8% in the three months through June, compared with...
Strait of Hormuz
ECB keeps interest rates unchanged, September hike likely amid geopolitical volatility
The return of oil prices to USD 100 per barrel, along with...
UAE’s $150 billion bet: Reshaping post-OPEC oil market
Freed from OPEC quotas, Abu Dhabi is building the pipelines, terminals, and...
Hormuz: The Strait that shook the shippers
After a 110-day blockade at the Strait of Hormuz, the shipping industry...
Lessons from Iran war? Saudi mulls expanding oil pipeline to Red Sea
The East-West pipeline, which was built in the early 1980s, has become...
Geopolitical fallout: UAE’s non-oil sector experiences weakest June in three years
Dubai's PMI fell to 50.7 in June, from 52.0 in May, representing...
Saudi Aramco resumes crude loading at Ras Tanura as Hormuz situation eases
Aramco, along with other Middle Eastern producers, had been ramping up energy...
Iran war fails to derail luxury market’s recovery, says Bain report
Bain's base-case scenario now points to a 2% to 4% rise in...
ADNOC’s tender to test buyers’ willingness to load oil in Strait of Hormuz
As per ADNOC, buyers, subject to mutual agreement, can lift cargoes on...
Here is what S&P and Fitch are saying about GCC issuers’ credit outlook
Despite the Iran war showing no immediate ending signs, S&P said negative...