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June 22, 2026

UAE Economy Expected to Remain Among Region’s Strongest Performers

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Non-oil sectors continue driving growth Economic forecasts continue to highlight the UAE as one of the strongest-performing economies in the Middle East. Growth is being supported by non-oil trade, tourism, logistics, financial services, and technology investments. Analysts expect the country’s diversification strategy to continue attracting foreign investment and strengthening long-term economic resilience. Source UAE Central […]

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Saudi Aramco Evaluates Expansion of Global Oil Storage Network

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Energy giant strengthens supply-chain resilience Saudi Aramco is considering expanding its worldwide oil storage infrastructure following disruptions experienced during recent regional tensions. Company leadership believes larger strategic storage capacity across international markets would enhance energy security and improve supply reliability for customers worldwide. Source Reuters – 22 June 2026

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Saudi Arabia’s PIF Awaits EU Decision on $55 Billion Gaming Deal

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Major investment could strengthen Kingdom’s gaming ambitions A consortium backed by Saudi Arabia’s Public Investment Fund (PIF) is awaiting a European Union decision regarding a proposed $55 billion acquisition of gaming giant Electronic Arts. The deal represents one of the largest gaming investments ever pursued by Saudi-backed investors and aligns with the Kingdom’s ambition to

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India Increases UAE Oil Imports Ahead of Hormuz Reopening

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UAE energy sector benefits from strong regional demand India has significantly increased crude oil purchases from the UAE while refiners prepare for the gradual reopening of the Strait of Hormuz. Analysts say the move highlights confidence in UAE energy exports and strengthens trade relations between the two countries. UAE crude imports remain near record levels

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Oil Prices Fall as Progress Emerges in Hormuz Peace Negotiations

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Markets welcome signs of regional stability Oil Global markets reacted positively after reports indicated progress in negotiations aimed at reducing tensions around the Strait of Hormuz. Brent crude fell below $79 per barrel as traders anticipated improved shipping conditions and reduced supply risks. Asian and Gulf equity markets gained on expectations that trade and energy

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