Daily brief
Dar Global and the Trump Organization have launched a $10 billion partnership to develop luxury real estate projects in Saudi Arabia, including villas and hotels. Saudi Arabia has also opened a new $1 billion theme park as part of its broader push on tourism and entertainment megaprojects. In the UAE, a new minimum salary rule aims to boost pay for Emirati citizens, with a focus on creating hybrid jobs.
Qatar and the UAE will join a U.S.-led effort to bolster critical technology supply chains, according to officials.
S&P Global Ratings forecasts that Qatari banks will see a declining cost of risk by 2027, citing the country's strong underlying economy.
Analysts say Donald Trump's campaign pledge to encourage more U.S. oil drilling poses a significant challenge to the OPEC+ cartel's market management efforts.