Daily brief
The UAE has announced fuel price increases for June 2026, with petrol and diesel costs rising, while Salik toll and parking fees are also set to go up. The changes come amid falling global oil prices, which analysts say could offer long-term relief despite the immediate hike. A full tank of petrol will cost more starting June 1.
The EU is considering temporarily freezing its price cap on Russian oil, as part of ongoing efforts to manage energy market pressures.
Luma AI is moving its global computing operations to Saudi Arabia, marking a significant investment in the kingdom's tech infrastructure.
Saudi shares rose while Qatar's slipped amid uncertainty over a US-Iran deal, with investors reacting to shifting geopolitical dynamics.
The UAE shut down Iran's Red Crescent hospital in Dubai and froze its assets, escalating tensions between the two countries.