
Earnings drag throws Saudi and Abu Dhabi equities lower, while Dubai hits multi‑decade peak
Gulf stock markets gave a mixed picture on July 29: Saudi Arabia’s index slid 0.6% due to weaker Q2 earnings (notably Arabian Drilling, Arabian Pipes, Jamjoom); Abu Dhabi dipped

Gulf economies set for strong rebound on oil recovery and diversification
A Reuters poll found that Gulf states will benefit from renewed oil production and revenue diversification. Saudi Arabia is projected to grow 3.8% in 2025 versus 1.3% in 2024,

IMF ups 2025 growth forecast for Middle East and North Africa (MENA)
The International Monetary Fund raised its GDP growth forecast for the MENA region to 3.2% in 2025, citing better-than-expected output in Saudi Arabia and Egypt, along with easing regional

Abu Dhabi Courts Pioneer Crypto Court Filings
For the first time, Abu Dhabi residents can now pay court fees using cryptocurrency, supported by “AE Coin” via Al Maryah Bank’s blockchain infrastructure. This marks

UAE Emerges as Gulf’s Web3 Hub, Says Hashgraph Association
Kamal Youssefi, president of the Hashgraph Association, affirmed that the UAE has positioned itself as the regional epicentre for Web3 development and cryptocurrency regulation, drawing comparisons

UAE Markets Rise, Saudi Falls on Earnings & Trade Sentiment
On July 28, UAE equities advanced—Dubai’s index gained 0.3%, Abu Dhabi 0.2%—undergirded by strong Q2 performances (e.g., Emirates NBD, ADNOC Gas) amid improving global trade talks. In

Dubai Hedge Fund Industry Expands by 72%
As of June 30, the number of hedge funds in the DIFC surged 72% year-over-year to 85 active funds, up from 50. This growth is driven

Gulf Economies Forecasted to Rebound in 2025
A Reuters poll predicts improved growth across Gulf states: Saudi Arabia at 3.8%, the UAE at 4.8%, and Qatar at 2.7%—anticipating a jump to 5.4% in 2026. Growth is

Fitch Affirms Saudi Arabia’s ‘A+’ Rating with Stable Outlook
Rating agency Fitch has reaffirmed Saudi Arabia’s long-term foreign-currency issuer default rating at A+, with a stable outlook. The affirmation reflects the kingdom’s strong fiscal buffers, substantial sovereign external assets, and