Sehaj Wadhwa

Saudi Arabia is contemplating a reduction in its official selling prices for crude oil to Asian buyers in July, potentially marking the lowest prices in six months. This move follows increased supply from OPEC+ and aims to maintain competitiveness in the Asian market.   Source: Reuters

Bahrain Bourse, in partnership with BENEFIT, has launched an electronic Initial Public Offering (eIPO) service accessible through the BenefitPay application. This initiative is designed to streamline investor access to public share offerings, promoting greater participation in the capital market. Source: Zwaya

During President Masoud Pezeshkian’s visit to Muscat, Iran and Oman agreed to enhance bilateral trade, setting a target of $20 billion. The discussions focused on boosting private sector investment and strengthening economic ties between the two nations.   Source: IRNA English

First Abu Dhabi Bank (FAB) is initiating a secondary offering of approximately 113 million shares at AED15.5 each, aiming to raise around $480 million. The offering, managed by Citi through an accelerated bookbuilding process, has already seen demand surpass the available shares. The share price represents a 3.7% discount from FAB’s last closing price of

The Kingdom of Bahrain has successfully arranged a $1 billion commodity murabaha term financing, marking its inaugural Shariah-compliant syndicated term facility. This innovative financial arrangement, fully underwritten by Middle Eastern banks, introduces an accordion feature to accommodate future investors. The deal underscores Bahrain’s commitment to diversifying its financial instruments and enhancing liquidity within the region.

Kuwait has escalated its efforts against unauthorized cryptocurrency mining operations, citing their significant impact on the national power grid. Authorities have conducted widespread raids, utilizing drones to identify illegal mining activities, and have disconnected power supplies to non-compliant facilities. Source: CoinDesk

Bahrain has commenced the subscription for its 40th issue of the Government Development Bond, valued at BHD 250 million, offering a return of 6.125%. The bond is available through the Bahrain Bourse, providing investors with a secure investment opportunity backed by the government. Source: Bahrainbourse

The UAE’s fuel price committee has released the petrol and diesel prices for June 2025. Super 98 petrol is priced at Dh2.58 per litre, Special 95 at Dh2.47, E-Plus 91 at Dh2.39, and diesel at Dh2.45 per litre. These rates reflect slight adjustments from the previous month, aligning with global oil price trends. Source: Gulf

Saudi Arabia and Qatar have announced a joint initiative to provide financial assistance to Syrian state employees. This move aims to bolster Syria’s public sector amid ongoing economic challenges and to strengthen diplomatic ties between the natio Source: Eurasia Review