Gold Retreats From June Highs While Copper Hits Records: What GCC Commodity Markets Are Watching
Gold has pulled back from its recent high of $1,919 per ounce, trading closer to $1,859 as geopolitical premium fades, while COMEX copper futures reached a record $6.7160 per pound in May 2026 — a divergence in commodity markets that carries specific implications for Gulf investors.
Saudi Arabia’s PIF Raises $15 Billion Green Bond — Largest Sovereign Green Issuance in GCC History
Saudi Arabia's Public Investment Fund (PIF) has successfully priced a USD 15 billion green bond issuance across 5-year, 10-year, and 30-year tranches — the...
GCC Currencies in 2025: Dollar Peg Stability and the Case for Monetary Union
The question of GCC monetary union has been debated by economists and policymakers for decades without resolution. Yet the underlying logic — combining dollar-pegged...
Saudi Arabia’s Digital Riyal CBDC Pilot Expands to 20 Banks as Cross-Border Testing Begins
Saudi Arabia's Central Bank Digital Currency (CBDC) programme — the Digital Saudi Riyal — has expanded its domestic pilot from 6 to 20 participating...
Kuwait Investment Authority: The World’s Oldest Sovereign Wealth Fund and Its Strategy
The Kuwait Investment Authority (KIA), established in 1953, holds the distinction of being the world's oldest sovereign wealth fund — predating most modern institutional...
