JPMorgan commits USD 20 billion to Gulf, bets on post-war reconstruction boom
JPMorgan expects rebuilding and economic diversification across the region to require hundreds of billions of dollars in the coming days...
Tag : Iran War
Kuwait’s oil output, trade rebound as US-Iran deal eases Gulf tensions
Kuwait's crude oil production rose sharply to 1.65 million bpd in June from May's ratio of 580,000 bpd, with the OPEC member also boosting its exports...
Nigeria’s Dangote refinery imports crude from UAE’s ADNOC for first time
Dangote imported one cargo of Umm Lulu crude and another of either Das or Murban crude in June, reports stated...
US stocks defy Iran war, S&P 500 and Nasdaq hit best quarter since 2020
Technology led gains among S&P 500 sectors, with an index of semiconductor stocks finishing 3.9% higher on the final day of June 2026...
Air cargo demand up 6% in May; Middle East biggest laggard: IATA
Gulf-based carriers reported a combined contraction of 8.9% year-on-year, with Iran war-related impacts weighing in big time...
Wealth funds, central banks turn to energy assets amid geopolitical volatility
An Invesco survey showed financial entities focusing on diversification and investment portfolios that can 'take a hit and still hold it together'...
Boost for Iranian oil industry as US issues sweeping rollback of sanctions
The 60-day waiver, known as "General License X", has permitted Iran to produce, sell and transport crude oil and energy products till August 21...
Oman posts USD 31.5 million budget deficit in 2025, says report
As per the ministry, the deficit was 26% lower than the budgeted deficit of OMR 620 million (USD 1.61 billion), primarily due to higher energy revenues...
Despite geopolitical disruptions, OPEC sticks to robust oil demand outlook
OPEC has steadily increased its long-term oil demand forecast since the COVID-19 pandemic, which in 2020 had prompted a demand contraction...
Fed keeps rates unchanged, Warsh to review central bank’s “working pattern”
With inflation running at an above-target 3.8% and uncertainty surrounding the Iran deal, Fed's rate-setting committee unanimously decided to keep rates steady...