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Oil prices jumped as Middle East tensions escalated, with Brent briefly topping $80 amid fears of supply disruption. Brent traded near $79 and WTI above $72, with analysts warning prolonged instability could push prices toward $100 despite planned OPEC+ output hikes.

Clock02/03/2026

Mashreq bank raised $500 million through a five-year bond, attracting orders exceeding $925 million.

Saudi Arabia’s Business Confidence Index rose to 56.7 points in August 2026, supported by stronger optimism across the industry and services sectors.

Investors are bracing for a bumpier fall stock market due to shifting odds of a Federal Reserve interest-rate increase and other macro challenges.

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Saudi Arabia’s Arab National Bank has raised $750 million through an AT1 sukuk priced at a 6.50% yield, with orders exceeding $3 billion.

Clock03/09/2026
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