The wire
Saudi Aramco cut its Arab Light crude official selling price to a $1.50/barrel discount against the Oman/Dubai benchmark for August-loading cargoes, signalling a push to reclaim Asian market share following the Iran war disruption. On the banking and fintech front, HSBC Qatar launched a merchant acquiring service for corporate clients via a new partnership with local fintech Noqoody, aiming to phase out cash and cheque-based collections. The UAE's emerging commercial gaming regulatory framework also drew attention from international investors and legal observers, as the country moves toward a formally licensed, oversight-driven gaming sector.
Top stories
Reuters
Saudi Aramco Cuts August Arab Light OSP to $1.50/bbl Discount for Asia
Saudi Aramco set its August Arab Light official selling price at a $1.50/barrel discount to the Oman/Dubai benchmark, its steepest cut in recent months, to recover Asian market volumes.
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FinTech Futures
HSBC Qatar Launches Corporate Merchant Acquiring Service via Noqoody
HSBC Qatar has partnered with local fintech Noqoody to offer corporate banking clients card-payment acceptance, reducing reliance on cash and cheque collections.
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The National Law Review
UAE Commercial Gaming Regulatory Framework Takes Shape
The UAE is advancing a formal legal and regulatory framework for commercial gaming, built around strict oversight, integrity standards, and alignment with the country's fiscal objectives.
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