These are the latest business, finance, investment, infrastructure, and technology developments across Saudi Arabia, UAE, Dubai, and the GCC on 12 August 2026.

1. Gulf Markets Retreat as US-Iran Deal Prospects Weaken

Investors monitor Hormuz shipping risks and energy markets

Gulf stock markets declined after hopes for a breakthrough in US-Iran negotiations faded. Saudi Arabia’s benchmark index slipped 0.1%, while Dubai and Abu Dhabi also posted losses as investors worried about shipping security through the Strait of Hormuz and potential disruptions to regional energy flows. Reuters reported that ADNOC Logistics & Services was a notable outperformer after strong quarterly results and upgraded 2026 profit guidance.

Source

Reuters – 12 August 2026