July 30, 2025

Toyow, a Dubai‑based tokenised asset marketplace, secured a US $10 million strategic investment from Nimbus Capital. This capital raise will support its effort to bring real‑world assets (e.g. real estate, art, music) on‑chain, with a tokenisation pipeline estimated at over US $38 billion.   Source: gulfnews.com

In an interview, Binance’s regional head remarked that the Middle East is rapidly emerging as a leading centre for crypto and Web3 growth. He highlighted how the region’s platforms and startups are now setting up operations in Gulf markets, leveraging evolving regulatory frameworks and growing institutional interest.   Source: reuters.com

Gulf stock markets gave a mixed picture on July 29: Saudi Arabia’s index slid 0.6% due to weaker Q2 earnings (notably Arabian Drilling, Arabian Pipes, Jamjoom); Abu Dhabi dipped 0.2% despite record order backlog at Aldar; while Dubai’s index rose 0.2% to a 17½‑year high, buoyed by strong results from Dubai Taxi Co and Salik. Qatar slid 0.6% amid profit-taking.   Source:

A Reuters poll found that Gulf states will benefit from renewed oil production and revenue diversification. Saudi Arabia is projected to grow 3.8% in 2025 versus 1.3% in 2024, while the UAE is forecasted at 4.8%. Qatar, Oman, and Kuwait are poised for multi-year highs, aided by tourism, project spending, and fiscal restraint. Inflation pressures are expected to remain subdued.  

The International Monetary Fund raised its GDP growth forecast for the MENA region to 3.2% in 2025, citing better-than-expected output in Saudi Arabia and Egypt, along with easing regional financial conditions. Saudi’s growth is expected at 3.6%, and Egypt at 4.0%, while overall inflation remains moderate. Source: AGBI