Sehaj Wadhwa

A proposed multi-billion dollar deal between the U.S. and UAE to establish an AI data campus remains in preliminary stages. Sources indicate that while discussions are ongoing, several key aspects of the agreement are yet to be finalized. Source: reuters.com

The U.S. Treasury Department has imposed sanctions on over 30 individuals and entities involved in a “shadow banking” network accused of laundering billions for Iran’s regime. The network, operating through entities in the UAE and Hong Kong, allegedly supports Iran’s oil sales and regional militant proxies. Source: harapandaily.com

In preparation for the upcoming Hajj season, Saudi Arabia has suspended block work visas for 14 countries, including Bangladesh, India, and Egypt. This measure aims to manage the influx of pilgrims and ensure safety during the religious event. The suspension affects labor markets and travel plans in the affected nations. Source: travelandtourworld.com

On June 6, 2025, Gulf stock markets exhibited varied movements influenced by global trade tensions and fluctuations in oil prices. Saudi Arabia’s Tadawul index experienced a modest increase of 0.23%, closing at 10,850.1 points, while Abu Dhabi’s index declined by 0.395% to 9,647.05 points. Dubai’s market saw a slight uptick of 0.08%, reaching 5,484.7 points.

An Iranian diplomat has indicated that Iran is set to dismiss a U.S. proposal aimed at resolving longstanding nuclear disputes. The proposal is viewed as failing to address Tehran’s interests, particularly concerning uranium enrichment rights and assurances against future U.S. withdrawal from agreements. Source: reuters

Qatar Airways has obtained a QAR 4.5 billion loan from major Qatari banks to support its ambitious growth strategy. The funding will facilitate fleet expansion and enhance the airline’s global competitiveness, aligning with Qatar’s broader economic development goals. Source: aviation A2Z

Several Asian companies are in discussions to list on the Saudi stock market as the Kingdom considers reforms to attract foreign issuers. This initiative is part of Saudi Arabia’s broader efforts to diversify its economy and enhance its capital markets. The Saudi Exchange’s CEO highlighted these developments during the Capital Markets Forum 25 in Hong

Kuwaiti authorities have escalated their efforts against unauthorized cryptocurrency mining operations, citing significant strain on the national power grid. The crackdown includes shutting down over 1,000 illegal mining sites and implementing stricter regulations to prevent future violations. Source: reuters

First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, has joined a consortium of international banks to provide a $750 million loan to Adani Airports Holdings, India’s largest private airport operator. This strategic investment underscores FAB’s commitment to expanding its global footprint and fostering international partnerships in the infrastructure sector. The

The International Monetary Fund (IMF) has praised Oman’s ongoing structural reforms and projected economic growth. Despite a temporary shift to a moderate deficit expected in 2025–2026 due to lower oil prices and slower non-oil export growth, the IMF anticipates the external balance to return to surplus as oil production gradually increases.   Source: zawya.com