Saturday, 31 Oct 2026 Latest

Borouge Q3 profit falls to $109m as volumes rebound 22%· Egypt interest rate hike: CBE lifts key rates 100bps to 20%· ACWA Power EIG partnership targets $4bn US power platform· FAB Q3 profit up 6% as nine-month earnings hit AED16.46bn· ACWA Power Hassyan deal: SAR1.79bn DEWA water agreement· Bahri Q3 profit jumps 891% to SAR5.09bn on tanker rates· MIS HUMAIN contract: new work orders top SAR3.4bn· Banque du Caire IPO: 30% stake to list on EGX in November· Egypt inflation eases to 13.9% as monthly prices jump· Borouge Q3 profit falls to $109m as volumes rebound 22%· Egypt interest rate hike: CBE lifts key rates 100bps to 20%· ACWA Power EIG partnership targets $4bn US power platform· FAB Q3 profit up 6% as nine-month earnings hit AED16.46bn· ACWA Power Hassyan deal: SAR1.79bn DEWA water agreement· Bahri Q3 profit jumps 891% to SAR5.09bn on tanker rates· MIS HUMAIN contract: new work orders top SAR3.4bn· Banque du Caire IPO: 30% stake to list on EGX in November· Egypt inflation eases to 13.9% as monthly prices jump·

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Strait of Hormuz

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Gulf city skyline of modern skyscrapers, illustrating the IMF Gulf forecast for GCC economies in 2026

IMF Gulf forecast: GCC economies set to shrink in 2026

The IMF Gulf forecast shows Saudi Arabia, the UAE, Qatar and Kuwait contracting in 2026 as the Hormuz closure drags on, before a 2027 rebound.

13 October 2026