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GULF COMPANIES EARNINGS REPORT
Oil tanker traffic through Hormuz at near standstill as attacks strain Iran truceOil tanker traffic through the Strait of Hormuz has nearly stopped. U.S. airstrikes on Iran triggered retaliation, escalating shipping risk...- Persian Gulf tanker backlog clears, but fresh Iran attacks cloud shipping outlookA large backlog of oil tankers in the Persian Gulf has nearly cleared. This occurred after a ceasefire was signed between Iran and the Unit...
- Gulf companies are set to reveal the unequal toll of Iran warGulf companies will reveal the regional financial impact of the conflict this week. Banks and real estate sectors face challenges due to in...
- Rising with pricing: Corporate revenue growth likely held firm in the first quarter, riding out the tempestCorporate India's revenue reached a two-year peak in Q1, propelled by significant price hikes. The domestic market drove growth in key sect...
- How an Indian-origin entrepreneur returned to Dubai and rebuilt his father's struggling business into a luxury glass companyA family emergency led Shabbir Mithaiwala to abandon his accounting dreams. He returned to Dubai and revived his family's struggling pictur...
- This sector is set to dominate Q1 earnings for all the wrong reasonsOil marketing companies are set to dominate Q1 earnings but for the wrong reasons, with HPCL, BPCL and IOCL expected to post massive losses...
- Rupee, stocks reel as Trump signals end of Iran truceIndian stocks and the rupee experienced a significant decline on Wednesday. This market downturn followed fresh US strikes on Iran and risi...
- Credit cards lose ground as small-ticket personal loans gain traction: CIBILCredit cards now hold 38% of unsecured credit, down from 56% in 2016. Small personal loans under fifty thousand rupees have gained signific...
- Quote of the day by Henry Singleton: "Our accounting is set to maximize cash flow, not reported earnings. Smoothing reported earnings just has to take a backseat"Henry Singleton emphasized cash flow over reported earnings for business success. Sustainable businesses generate strong cash, not just acc...
- PhonePe elevates Srijon Biswas to CTO's chairPhonePe has appointed Srijon Biswas as its new chief technology officer. Biswas, a long-time engineering leader, will now head the company'...
- Cost pressure to keep Q1 profit growth muted for Nifty 50 companiesNifty 50 companies anticipate double-digit revenue growth for the June 2026 quarter. Profit growth is projected to remain in single digits ...
- India-bound vessel hit by suspected drone attack in Gulf of Oman, all crew members safe: SourcesAn India-bound vessel from Qatar experienced a suspected drone attack. The incident occurred in the Gulf of Oman near the Strait of Hormuz....
- Global Market: Asian refiners turn to cheaper Gulf oil despite Saudi price cutsSaudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper ...
- Gush of Gulf sovereign wealth enters India in 2026Gulf sovereign funds invested $1.7 billion in India during the first half of 2026. This investment defied geopolitical tensions and fears o...
- Oil Price Today (July 7): Crude oil snaps 2-day fall as projectile hits tanker in Hormuz. Where are prices headed?Brent crude futures rose 28 cents, or 0.39%, to $72.29 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 29 cents, or 0.26%, ...
- One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared HormuzAmidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shi...
- British military says cargo ship reports being under attack in the Red Sea off the coast of YemenA cargo ship faced an attack Sunday off Yemen's coast in the Red Sea, near Hodeida. Unknown assailants targeted the vessel, prompting an in...
- Tankers make U-turns in Hormuz, with some taking Iran route insteadTensions are high in the Persian Gulf as at least eight ships, including oil tankers, reversed course near the Omani coast, signaling Iran'...
- US oil companies see big jump in profitUS oil giants are poised for record profits, potentially sparking a showdown with President Trump over high gasoline prices. Despite fallin...
- Oil finds its way: Supertankers return to Persian GulfSupertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran confl...
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