Houthi Attacks on Saudi Energy Facilities Extend Oil Rally as Brent Crude Nears $100 per Barrel

Oil and Gas
Oil rally concerns grew on Tuesday after attacks targeted several Saudi energy facilities in the southern region. Oil prices climbed as the attacks raised fresh concerns about disruptions across the global energy market. Brent crude futures gained nearly 2 percent during early trading. The contract reached $98.74 per barrel by 06:30 GMT. Meanwhile, US West Texas Intermediate crude advanced...
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Dubai Gold Prices Rebound as 22K Gold Nears Dh500 Amid Strong Global Demand

Dubai gold prices moved higher on Tuesday as the US dollar weakened and investors watched global economic signals. The latest increase pushed 22K gold...

CTM360 Strengthens Global Cybersecurity Engagement Through London Industry Events and AI Innovation

CTM360 is showcasing its next-generation Cyber Threat Intelligence approach at Big SASIG 2026 in London. The Bahrain-based cybersecurity company will participate as a Gold...

Saudi and Turkish Electricity Corridor Could Require Billions in Investment and Years to Complete

Saudi-Turkish corridor plans could reshape electricity trade between the Gulf, Turkey, and Europe. Saudi Arabia and Turkey are discussing a regional power network through...
Investment

Iraq and Palestine Advance Pharmaceutical Market Talks to Expand Access for Palestinian Medicines

Iraq and Palestine are strengthening cooperation in the pharmaceutical sector through new discussions on market access. The Pharmaceutical Market talks focused on procedures for registering Palestinian medicines in Iraq. Both sides discussed ways to make the registration process more efficient. They also explored how better coordination could support pharmaceutical trade between the two countries. The discussions reflect efforts to...

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Zain Group to Pay 17-Fils Dividend After Revenue and Profit Growth in First Half of 2026

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Zain Group plans to pay an interim dividend after reporting stronger revenue and profits during the first half of 2026. The Kuwaiti telecommunications company will distribute 17 fils per share. The company expects to make the payment...
Investment

KAEC Secures $146 Million Development Contract to Expand Industrial and Automotive Zones

KAEC development contract marks a major step in Saudi Arabia’s industrial expansion strategy. This agreement supports large-scale infrastructure upgrades within King Abdullah Economic City....
Bahrain

Bahrain Extends Support to Businesses Facing Bankruptcy

Manama – The Bahraini government confirmed that the ongoing Bahrain Business Support programs provide a safety net for companies and factories facing financial challenges. Authorities stressed...
Financial

Oman Engages in Arab Financial Meetings

Oman joined the annual Joint Meetings of Arab Financial Institutions in Kuwait. The Omani delegation was led by Sultan Salim Al Habsi, Minister of...
Investment

SMBC Reassesses $1.5B Saudi Energy Loan Amid Rising Geopolitical Risks

Japan’s Sumitomo Mitsui Banking Corporation is reassessing support for a major Saudi energy loan amid rising geopolitical risks. The $1.5 billion facility now faces...
Financial

Oman Supports GCC Economic Integration at Kuwait Meeting

Primarily, Oman joined a key GCC meeting in Kuwait to strengthen GCC economic integration across finance, trade, and cooperation. This session helped prepare for...
Bahrain

Bahrain Strengthens Position as Digital Payments Hub with Fintech Forward 2025

Bahrain is emerging as a digital payments hub with the upcoming Fintech Forward 2025 (FF25) forum. The event will take place on October 8-9...
Investment

Gulf Investment Summit Targets $3.5 Billion in Opportunities Across Key Growth Sectors

Gulf investment could reach $3.5 billion through projects presented at the Global Investment Summit in Paris. The event will connect Gulf investors with investment-ready...
Financial

Sheikh Zayed Summer Festival 2026 Opens in Abu Dhabi with Over 3,000 Activities

The Summer Festival officially opened in Abu Dhabi, offering thousands of educational and entertainment activities for children and teenagers throughout the school holidays. The...
Saudi Arabia

GCC Equity Markets Ease Ahead of Eid

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GCC equity markets eased into the Eid break following recent IPOs. The market showed mixed reactions after the Dubai Residential REIT and Saudi UCIC listings. Despite these listings, the market remains cautious. Investors closely watch new opportunities as the...

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