Oil Prices Drop on Supply Concerns & Weak U.S. Demand Indicators
Oil benchmarks extended their downward trend: Brent crude slid to around $65.88/barrel, and U.S. West Texas Intermediate to about $61.86, due to concerns about excess supply and
Saudi Urges Buyers to Increase October Oil Purchases after Price Cuts
Saudi Aramco has asked its Asian buyers to lift their crude oil offtake in October following sharp price cuts across its oil grades. For example,
Saudi Aramco Raises $3 Billion via Sukuk Amid Investor Strength
Saudi Aramco issued $3 billion in Islamic bonds (sukuk), split into equal parts: $1.5 billion for 5-year duration at ~4.125% and $1.5 billion for 10
RAK Properties Enables Real-Estate Purchases Using Cryptocurrency
RAK Properties in Ras Al Khaimah (UAE) has teamed up with fintech firm Hubpay to allow global buyers to pay for properties using cryptocurrencies. The
Saudi Aramco Asks Buyers to Boost October Oil Purchases After Deep Price Cuts
Saudi Aramco has asked its Asian customers to increase their crude oil offtake for October, following steep price reductions across its oil grades. The firm
Abu Dhabi Global Market (ADGM) Reports Surge in Firms & Funds
Abu Dhabi’s financial free zone (ADGM) saw a ~42% yearly increase in registered companies in H1 2025. The number of active funds and asset managers
Gulf Stock Markets Slip After Israel-Qatar Airstrike
Major stock indices across the Gulf—including Saudi Arabia, UAE, and Qatar—declined modestly after an Israeli airstrike on Hamas leaders in Doha. Key sectors like real
Saudi Aramco Raises $3B via Sukuk Bond Issuing
Saudi oil giant Aramco successfully issued $3 billion in Islamic bonds (sukuk). The issuance split equally between a 5-year tranche at ~4.125% return and a 10-year tranche