The wire
Gulf companies begin reporting Q2 earnings this week, set to offer the clearest picture yet of the Iran war's uneven financial toll across the region's corporate sector. Meanwhile, the UAE government reported that non-oil sectors now account for nearly 79% of GDP and that roughly 98% of foreign investment flows have remained intact despite regional and global turbulence. Canada's Prime Minister Carney signed over $1.4 billion in commercial agreements with Saudi Arabia, underscoring continued appetite for Gulf trade partnerships even as the broader geopolitical environment remains unsettled.
Top stories
Reuters
Gulf Firms Begin Q2 Earnings Season Amid Iran War Financial Fallout
Gulf companies start reporting second-quarter results this week, expected to reveal the uneven financial impact of the Iran conflict on regional businesses.
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CNBC
UAE: Non-Oil Economy Reaches Nearly 79% of GDP, Foreign Inflows Stable
UAE Minister of State Saeed Al Hajeri said non-oil sectors accounted for nearly 79% of GDP in 2025 and ~98% of foreign investment flows have remained unaffected.
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AP News
Canada Signs $1.4B in Deals With Saudi Arabia on Mining and Energy
PM Mark Carney's Jeddah visit yielded over $1.4 billion in Canada-Saudi commercial agreements targeting mining, energy, and expanded bilateral trade.
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