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Banking & Finance
Fueled by oil prices, government spending, Saudi banks poised for continued success: Report
The operating environment score for the sector has been rated 'bbb+'
Markets
Oil prices inch higher amid tightening U.S. supplies, potential Middle East disruptions
Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 per barrel
Banking & Finance
UAE’s ADNOC L&S reports $401 million net profit in H1 2024, sustained by 42 percent growth in revenues
This represents 31 percent increase YoY
Markets
Oil prices slide on bearish inventory data, persistent global economic slowdown fears
Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel
Energy
Saudi Aramco profits hit $56.3 billion in H1 2024, dividends to reach $124.2 billion
Oil company's revenues reached $220.73 billion in H1, up 0.9 percent from $214.38 billion during the first half of 2023
Banking & Finance
Saudi Arabia’s non-oil sector maintains solid growth in July, PMI at 54.4 amid competitive dynamics
The start of Q3 saw both output and new orders expand to a lesser degree
Markets
Oil prices rebound over 1 percent as Middle East tensions offset demand concerns
Brent crude oil futures for October delivery rose 1.3 percent to $77.29 per barrel
Energy
ADNOC Drilling, Alpha Dhabi JV to fully acquire EV Holdings for $45 million
EV Holdings is Enersol’s third acquisition and comes following the company's agreement to acquire 51 percent of NTS Amega (NTS) last week
Energy
China’s maritime economy generates $678.55 billion in H1 2024, up 5.6 percent YoY
The sea area designated for use grew by 16.9 percent YoY, with ¥500 billion in projects
Markets
Oil prices head for fourth week of losses as demand worries outweigh supply risks
Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel
Banking & Finance
Qatar reports $711.58 million budget surplus on $16.39 billion total revenues for Q2 2024
The surplus was directed towards reducing public debt, and therefore there is no cash surplus
Markets
Oil price rallies amid Middle East tensions and OPEC+ meeting, China concerns linger
Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel
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