6+ hour, 8+ min ago   (378+ words) Citigroup has raised more than $40 billion to support Saudi clients so far this year, and increased its direct exposure to the kingdom since the Iran war began, maintaining its bet on the kingdom as a key growth market. The US…...

12+ hour, 58+ min ago   (121+ words) Saudi Arabia shut down its vital East-West pipeline after multiple drone attacks, intensifying the pressure on Gulf energy exports. The pipeline had provided a workaround for Saudi crude, allowing the kingdom to bypass the Strait of Hormuz; its shuttering threatens…...

12+ hour, 58+ min ago   (152+ words) Iran and the UAE held their highest-level meeting since the start of the Iran war at the BRICS summit, where the two countries found a rare space for direct diplomacy. Iran and the UAE held their highest-level meeting since the…...

3+ day, 22+ hour ago   (174+ words) Listed companies in Saudi Arabia and Abu Dhabi are growing quickly, benefiting from higher oil prices and their ability to keep energy exports flowing. Gulf corporate profits in second quarter show growing divide between economies Corporate profits in the second…...

4+ day, 17+ min ago   (139+ words) Semafor Trump sees end to Iran war “immediately” after midterm elections US President Donald Trump said the Iran war would end “immediately” after November’s midterm election, contradicting the analysis of experts and even some of his closest advisors. Top White…...

4+ day, 21+ hour ago   (159+ words) The 21.2 billion-riyal ($5.8 billion) second-quarter shortfall was almost double the previous quarter’s, with few signs that passage through the Strait of Hormuz is easing. Qatar posted its widest quarterly budget deficit since 2016 as the Iran war choked off most of its…...

4+ day, 21+ hour ago   (167+ words) Abu Dhabi tech vehicle MGX, which closed its first fund in July at $49 billion, is the largest, according to ADGM. Abu Dhabi’s financial hub ADGM says entities licensed there now hold more than $100 billion in AI-focused investment, as it…...

4+ day, 21+ hour ago   (162+ words) This is part of Saudi Arabia’s attempts to get a nuclear deal with the US approved. Saudi Arabia may give the UN nuclear watchdog greater inspection powers as part of its attempts to get a nuclear deal with the US…...

4+ day, 22+ hour ago   (193+ words) The impact of the Iran war ended an 18-month period of growth in Africa’s biggest economy. South Africa’s GDP shrank in the second quarter of this year, as the impact of the Iran war ended an 18-month period of…...

5+ day, 18+ hour ago   (398+ words) Saudi Arabia’s sovereign wealth fund is set to meet some of Wall Street’s biggest firms in New York this week as it seeks foreign backing for its spending plans amid cash constraints at home. The Saudi delegation is not fundraising…...