Most major Gulf stock markets closed higher today following a smaller-than-expected rise in U.S. core inflation and President Trump’s willingness to discuss tariff negotiations. Dubai’s index rose ~1%, Abu Dhabi gained 0.7%, and Qatar edged up 0.5%, supported by robust bank earnings. However, Saudi Arabia’s TASI dropped about 1.1%, hit by declines in Al Rajhi and […]
Gulf Markets Gain on U.S. Inflation & Trade Signals Read More »
A recent Visa survey found that nearly 49% of UAE residents have suffered from cyber scams—highlighting the growing threat posed by more sophisticated attacks, including those leveraging generative AI. Visa has since invested over $12 billion in fraud prevention. Source: reuters.com
Visa Study Reveals UAE Cyber‑Crime Spike Read More »
June’s inflation in Saudi Arabia rose to 2.3% year-over-year, up from 1.5% the previous year. This increase was driven by a 7.6% surge in residential rents and a 6.5% rise in utility and housing-related costs. The IMF forecasts inflation will remain around 2% for the year, supported by subsidies, currency stability, and labor supply Source: reuters.com
Saudi Housing Costs Push Inflation to 2.3% in June Read More »
Dubai’s Virtual Assets Regulatory Authority (VARA) introduced stronger regulations covering crypto advertising, influencer endorsements, event compliance, and platform security. These measures aim to protect investors and set a global benchmark for responsible crypto innovation Source: reuters.com
Dubai Tightens Crypto Oversight Through VARA Regulations Read More »
Emirates Airline signed a preliminary agreement with Crypto.com to enable cryptocurrency payments for flights and ancillary services starting next year. The deal is part of the UAE’s larger digital transformation via regulatory frameworks such as VARA, with Dubai now hosting over 650 crypto firms Source: reuters.com
Emirates to Accept Crypto Payments via Crypto.com Deal Read More »