The wire
The US has rescinded its proposed 20% Strait of Hormuz transit fee in favour of trade and investment deals with Gulf states, removing a significant shipping cost risk for the region. Qatar's central bank continues to advance its fintech strategy as the country positions itself as a diversified digital finance hub, while Saudi Arabia's Vision 2030 programme drives a broad fintech transformation overseen by regulators. Together, these developments underscore a day of policy-driven momentum across the GCC for expat investors, banking customers, and business operators.
Top stories
ICIS
Trump rescinds 20% Hormuz transit fee, opts for Gulf investment deals
The US will not impose a 20% Strait of Hormuz reimbursement fee, replacing it with trade and investment agreements with Middle East nations.
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The Fintech Times
Qatar Central Bank advances fintech strategy to diversify beyond hydrocarbons
The Qatar Central Bank is implementing a fintech strategy aimed at positioning Qatar as a regional digital finance and innovation hub.
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The Fintech Times
Saudi Arabia's Vision 2030 drives state-led fintech transformation in 2026
Saudi Arabia's fintech sector is expanding as a core pillar of Vision 2030, with digital finance integrated into the Kingdom's economic diversification programme.
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